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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 GST Registration in India is a very important step for any business. The registration enables you to avail multiple benefits under both State and Central government. Moreover, it also renders legal recognition to you and your business. Consultants for GST Registration in India are professionals who provide assistance to registering the businesses under the new tax regime. They help clients to comply with the laws and other requirements in a hassle-free manner, thereby ensuring that their businesses remain effective and able to grow at a faster pace. Getting registered under GST is simple and quick. You can register your business on the official website by filling in an online form. Once you complete the process, a temporary reference number will be generated. You can then visit the portal again to check its status. Then, you'll be asked to verify your details and submit a set of documents. Upon verification, you...

Benefits of One Person Company in India

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Benefits of One Person Company in India As the name suggests, a One Person Company is a type of business entity owned by a single person. This type of entity has many benefits and is often preferred by entrepreneurs. One of the major advantages of a one-person company is that it is easy to raise money from financial institutions and venture capital companies. It also provides more opportunities and limited liability to its owner, which makes it easier for an entrepreneur to take risks without the risk of loss of his personal assets. Legal Entity & Separate Identity: The main advantage of a one-person company is that the business operates as a separate legal entity from its owner. This allows creditors to pursue their claims against the company  rather than its owner. Credit: This is especially important if the co mpany is new and not well-established. It is not uncommon for companies to have poor credit scores in their early years, but OPCs can still ...

GST Annual Return Filing Services in India

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GST Annual Return Filing Services in India   The deadline for filing the annual returns under Goods and Services Tax (GST) is approaching fast. The Department of Revenue has been organising awareness programs to encourage taxpayers to file their GST returns in time After the enactment of Goods and Service Tax (GST) in India, there is a new requirement for registered taxpayers to file GSTR-9 every year. This is an annual return that covers a variety of details including sales and purchases from vendors, turnover and audit information. Business Owners have to be prepared for a lot of complexity when filing GSTR-9. This is because it requires extensive reconciliation between the returns filed by businesses for reporting supplies and paying taxes, along with those they have filed by their vendors and their books of accounts. According to the Ministry of Finance, the annual return will contain the details of tax paid and refunds granted by the government. I...