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Showing posts from April, 2023

Consultants for GST Registration in India

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Consultants for GST Registration in India   If you are a consultant or a business person, it is important for you to register your company under the Goods and Services Tax (GST) regime. Registration under this new form tax regime will help you in lowering your taxes and compliance burden. The procedure for GST registration is simple and quick. A business can register on the common portal by providing all required details and documents.Once all the necessary details and information are provided, the application is forwarded to the concerned officer. Upon verification, the officer will grant the registration within three working days. In case of any discrepancy in the submitted details, the applicant will be notified and asked to submit clarification within a stipulated period. If the individual fails to submit the clarification within the prescribed time, he will be considered as rejected by the officer with a reason for rejection in writing. Moreove...

Benefits of One Person Company in India

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Benefits of One Person Company in India   A major part of the business world in India is dominated by small companies that are run by sole proprietors. While this is a good way to start a business, it can also be complicated as there are many rules and regulations that need to be followed in order to ensure that you are doing the right thing. In order to overcome the complexity faced by sole proprietors, the concept of One Person Company was introduced through the Companies Act, 2013. This new business model was created to encourage more entrepreneurs to come forward and start a business in the country. The main advantage of a One Person Company is that it is a separate legal entity, which is capable of doing all the things that an entrepreneur would do. It can also earn a profit through the sales of its products and services. It can also be a legal entity with limited liability for the owners. It can also be a registered organization that can conduct m...

GST Annual Return Filing Services in India

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GST Annual Return Filing Services in India Taxpayers registered under GST are required to file annual returns. These include composition taxpayers, regular taxpayers and e-commerce operators. The GSTR-9 form contains information on the supplies made and received during a given financial year under different tax heads - CGST, SGST and IGST. Filing of GST Annual Return is a time consuming activity and is mandatory for all the registered taxpayers under the Indian GST regime. Hence, it is essential for every company to hire a dedicated team of professional tax professionals that can help in filing these returns at the earliest and also in preparing all related documents required by the authorities. It is advisable for the businesses to prepare and file their GST annual return in a timely manner as per the due date prescribed by the government. If the same is not done, it can lead to penalties and interest. The GST annual return is a consolidated document which details the sales and purc...