Before applying for an FSSAI registration or licence, here are the top 50 questions you should ask yourself. Do you want to start a company in the food industry? It may be catering or home kitchen (or) hotels (or) supermarkets (or) bakeries (or) ice cream parlours (or) juice shops (or) milk companies (or) organic stores,…
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The deadline for filing the Income Tax Return (ITR) for the fiscal year 2020-2021, i.e. assessment year 2020-2021, for the general category of taxpayers, which includes all salaried workers, was July 31, 2020, but it has since been extended until January 10, 2021. What happens if you miss the bus and don’t file your ITR…
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Are you averse to the thought of paying taxes on a substantial portion of your revenue? If so, you’re not on your own. Although paying taxes every year, most people feel the pinch. There have been some changes in the income tax rates in the newly imposed tax slab for AY 2020-21. Taxes are, however,…
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What is a ‘Legal Audit’ A legal audit is a required legal review of the accuracy of a company’s (or government’s) financial statements and records. The objective of a legal audit. Determining whether an organization provides a fair and accurate representation of its financial position by examining information, such as bank balances, accounting records, and…
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How to calculate and pay a tax fee? Advance tax means that income tax should be paid in advance instead of lump-sum payments at the end of the year. It is also known as pay as you earn a tax. These payments should be made in instalments according to the deadlines given by the income…
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1. Highlights of this GST Council meeting A) GST Return Filing process further simplified Regular taxpayers with a turnover up to Rs 5 crore may choose to send GST returns quarterly against earlier limits for Rs. 1.5 crore. However, these taxpayers must pay tax monthly through Challan. Regular taxpayers with a turnover…
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After GSTR 1 and GSTR 2 introduced by the seller, you need to install GSTR 3 and make GST payment. Also, if restitution is required, the same will be done by creating a refund request form. Payments – 1. What are the payments to be paid within the GST? According to GST is paid mainly…
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The e-way account is that the person carrying the vehicle must submit that the value of the product has more than Rs. 50,000. Under certain circumstances, the last user may also want to make a computer account. In this article, we will look at the situation where consumers want to create an e-mail account and…
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The GST Act requires multiple compliances regarding tax payment, tax return filing, invoicing and etc. However, merchants who work at a slightly lower level may have limited transfers and do not have the necessary resources to comply with complex provisions. Thus, the composition scheme is introduced to reduce the burden of tax implementation for small…
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10 Credit Cards You Need To Know About It! I provided a free credit card with a phone call to enjoy the range of benefits and rewards I enjoyed. But, as the proposal seemed to me, I decided to take part in it. But, to my surprise, a lot of additional charges came to me…
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