Good news for taxpayers and LLPs as the government has recently announced a massive relaxation. The notification comes from MCA and is an opportunity for LLPs but only for a short duration. You must take advantage of this opportunity and save yourself from hefty penalties. Let us understand the latest news of Late fee waive … Read more
GST on pan masala and gutkha could be scrapped because of difficulties in administering the ITC (input tax credit) mechanism. This article discusses the latest information about GST on Pan Masala based on Installed Capacity or Actual Production. GoM’s Investigation into levying GST Odisha’s finance minister, Niranjan Pujari, led a group of ministers (GoM) set … Read more
Online Businesses in India have a huge scope. Especially after the pandemic, Indian Market is booming for online businesses. If you want to start online business or shift to online mode of your existing business, you must know about GST and GST Registration. Let’s understand the important concepts of GST for an online business. What … Read more
What is the difference between a pitch deck and a business plan?” has probably crossed your mind at some point in your career as an entrepreneur, whether you’re just starting out or whether you’re a successful entrepreneur. What’s the most effective strategy for your start-up? Is it really necessary to have either one? Questions like … Read more
It is mandatory for a medical store to register for GST if its annual turnover is above a certain threshold. It’s Rs. 20 lakhs for all save the North-Easter Hilly states, which have a ceiling of Rs. 10 lakhs set by the GST Council. You will be learning how to apply for a GST Registration … Read more
When startups pitch their idea to investors, they’re given an average of 3 minutes to make a compelling case to fund their project. With these rigid constraints, it’s hard to focus on the big picture, and the result is often a haphazard pitch deck that fails to get investors excited. As a result, it’s a … Read more
A massive relaxation for LLPs as LLP annual return form-11 due date is extended. LLP annual return form-11 is an important return that LLPs must file every year. The announcement of due date extension without paying an additional fee brings an opportunity for every business having LLP Registration to be compliant with laws and avoid … Read more
A piece of positive news for taxpayers as CBIC has notified GST Return Filing Late fees waiver for GSTR4. This was done to provide convenience to small taxpayers. However, taxpayers must note that this relief is available for only a short duration. Therefore, you must not miss this golden opportunity to file delayed GST Returns. … Read more
Taxpayers can cancel GST Registration online. Your GST cancellation can also be ordered by tax officers. However, it’s important to know that GST cancellation is different from GST Registration or GST Modification. An in-depth explanation of GST cancellations and how to cancel GST Registration online is provided in this article. What does GST Registration Cancellation … Read more
Despite the lack of a separate legal entity, partnership firms are treated differently by the Tax authority than their partners. As a result, all partnership firms, whether they are registered or not, must register with the Income Tax Department and obtain a PAN Card No., and income tax for partnership firms must be understood, This … Read more