Online GST Registration – An Overview

As of July 1, 2017, Goods & Services Tax (GST) applies to all Indian service providers (including freelancers), traders, and manufacturers. On 01.07.2017, a variety of Central taxes, such as Service Tax, Excise Duty, CST, and state taxes, such as Entertainment Tax, Luxury Tax, Octroi, VAT, were merged into one tax – GST. At every step of the supply chain, GST will be charged with full set-off benefits. No manual intervention is required in the GST process. The supply chain for any product involves a number of stages, including purchasing raw materials, manufacturing, selling it to the wholesaler, selling it […]

Registration Guide For Small Scale Company in India

The Registration Process for Small Scale Company:- In order to start a small-scale business in India, you will need to register with the relevant government body. There are a few different registration processes available, but the most common and straightforward process is the online application form. Once you have filled out the online form and submitted it to the appropriate authorities, they will review your application and send you a confirmation notice. You will then have 7 days to respond to the confirmation notice and lodge any necessary documentation. After responding to the confirmation notice, you will again have 7 days […]

Impact Of GST Rate On Furniture Manufacturers

  The furniture industry is dominated by SSIs, small workshops that do not pay taxes or excise duties. Consequently, they only pay VAT, which ranges from 12.5 to 14.5 percent. If they use these forms of companies, they will also be required to charge 28 percent GST. Despite receiving GST credit for supplying raw materials, their prices would increase by 7%. According to an announcement made at a GST Council meeting on 18 May 2017, VAT on goods and services would be repealed. Various wood furniture and supplies are compared with the GST regime in this article. During this article, […]

Status of Driving License

If you have applied for a driving license (DL), you can check its status online. Checking the status of the license online is easy and takes only a few minutes. You can check the status of your driving license by visiting the respective RTO Offices (Regional Transport Offices) with your token number rather than waiting for it to arrive by mail. How to check the status of your driving license application To check the status of an online driving licence application, follow these steps: The first step is to visit parivahan.gov The second step is to click on the “Online […]

How to Save Tax in India for a Private Limited Company

Profits and sales should skyrocket for businesses. It makes sense, right? In order for a business to grow, profits must be made. This article explains how a private limited company can save on taxes in India You will have to pay the government 30% tax if you achieve good profits after all your efforts. We are legally obligated to pay tax. In order to live a prosperous life, we must pay taxes. During the financial year, you can use certain tax planning methods to reduce your tax bill. Would it be legal to save taxes? Saving taxes is legal, but […]

Things We Should Know Before Finalizing a Property

What You Should Know For Property Purchase? You have to provide lots of information. When you register your property online, you’ll have to provide lots of information about it, including the address, the size of the property, the type of construction and the number of bedrooms and bathrooms. You’ll also have to provide your contact details so that people interested in buying your property can get in touch with you. It’s a good idea to wait until you have a serious buyer before you go ahead and list your property online. If you don’t have a serious buyer for your […]

In 2022-2023, How Do Salaried Employees File Their Income Tax Returns Online?

The filing of income tax returns is compulsory for salaried employees in India regardless of whether they owe taxes. It provides you with access to a range of financial products, including loans. Those who fail to file their income tax returns by the 31 July 2022 deadline will be subject to penalties or late fees based on the date the returns were filed. The salaried person is employed by a public or private company and receives a monthly salary as compensation. If you are new to filing income tax returns online, you need to know that it is an extremely […]

How Do I Claim a Deduction Under Section 80C to 80U of Income Tax?

In some cases, taxpayers are not required to file an ITR. There are a number of variables that affect whether or not an ITR must be filed. These variables include the following: Individuals whose income exceeds the exemption limit of 2.5 lakhs/ 3 lakhs/ 5 lakhs as per applicable taxable limits. The ITR must be filed by individuals who own assets outside of India and receive income from them. Tax returns are required for individuals who pay more than Rs. 1 lakh in electricity bills each year. It is mandatory for assesses who deposit more than one crore in a […]

Guide to Know RBI Regulations on Nidhi Finances

In the current business environment, it is essential for every small business to understand and comply with all relevant laws. The Reserve Bank of India (RBI) has introduced several measures to support the micro, small and medium enterprises (MSME) sector through compliance with certain regulations for financial monitoring, reporting and audit requirements. In this post, we look at the know your rights as a Nidhi in India if you own one. We also explore the RBI laws for Nidhi is and their businesses. Defining a Nidhi in India A eNidhi is an Indian financial institution that is regulated by the […]