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Showing posts from April, 2023

GST Consultants for GST Registration in India

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GST Consultants for GST Registration in India The complete process of GST Registration in India has become extremely easy and simple via the online platform supported by the Central Government. Having a valid GST Registration Certificate renders legal recognition to the applicant and makes him eligible to avail a host of benefits under both State and Central government. Several GST Consultants are available in the market who can help you with your GST registration and other services provided to you. They can guide you through the entire procedure and make sure that your returns are filed on time. GST Registration in India is mandatory for businesses that exceed an annual turnover of Rs. 20 lakhs (excluding the North-Eastern States). For the purpose of computation of turnover, same state transactions, inter-state transactions and export sales would be taken into account. In case a business does not have a permanent place of business in India, then it w...

Benefits of One Person Company in India

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Benefits of One Person Company in India The Companies Act, 2013 completely changed the business structure and corporate laws in India by introducing new concepts like One Person Company. The concept of a single member company is very helpful for small traders, service providers to gain corporate identity and expand their opportunities in the market. One Person Company (OPC) is a business entity whose shareholders can access the target market directly and avail bank loans, credit facilities, without having to share profits with middlemen. It also provides legal protection of the business and is thus a boon for a number of budding entrepreneurs in the corporate world. Limitation of Liability Limited liability of an OPC is a major advantage as it protects the personal assets of an entrepreneur. This can help him avoid heavy losses and liabilities which would be otherwise incurred by the business. Low investment Incorporating a One Person Company can be ...

GST Annual Return Filing Services in India

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GST Annual Return Filing Services in India As per the GST regime, every registered person is required to file Annual Returns in Form GSTR-9 on or before 31 December of the year succeeding the financial year. This return provides details of all the supplies, invoices and other relevant documents that were made by the entity during a financial year. The Annual return forms are available on the website of the Government of India for download. The form is based on the data and information that is extracted from earlier returns (GSTR-1 / GSTR-3B) filed by the taxpayers. It also lays down rules for filing of the Annual Return for a particular financial year. The form also contains a section which explains the purpose of the return. Taxpayers can choose the option to upload the GSTR-9 electronically, which will reduce manual work involved in preparing and submitting this return. However, if they do not want to upload the document on the portal of the Government...