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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 Consultants are professionals who help clients and businesses in managing their affairs with the government. This involves filing and paying taxes, registering for GST and preparing GST returns. They also handle tax disputes and ensure compliance with the law. They are paid a monthly salary of between 1.4 Lakhs and 8.9 Lakhs. To become a GST Consultant , you need to complete the test. Once you pass the test, you will receive a certificate and will be recognized as an approved GST representative. You can apply for a GST Registration online by logging on to the official website of the Central Government. There is a 10-part form that you need to fill out with supporting documents. Once you are done, an application reference number will be generated. This number can be verified using an OTP. Once you receive it, enter the OTP into the box provided and click on proceed. You will then receive a receipt of your app...

Benefits of One Person Company in India

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Benefits of One Person Company in India The main advantage of incorporating a one person company is that it gives legal status to your business. This legal identity is highly beneficial for your business as it creates a reputation in the market and builds trust among suppliers and customers. It also helps in attracting skilled workforce and retaining them for a longer period of time. The other major advantage is the limited liability protection. This limited liability protects your personal savings from any unwanted events that can be a problem in a partnership firm or an LLP. Sense of Belonging: The owner gets a feeling of being a part of the business and that motivates him to work hard to grow it. This is one of the most popular reasons for incorporating a One Person Company in India. Sole Ownership: Having a one-owner company accelerates the decision making process and removes the need for suggestions from other managing officials. It also eliminates th...

GST Annual Return Filing Services in India

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GST Annual Return Filing Services in India As per section 44 of the CGST Act, every registered person is required to file an annual return electronically on or before 31st December following the end of the financial year. Those whose turnover exceeds 2 crore INR are also required to submit an audited annual account along with the GSTR-9C form. Taxpayers facing difficulty in filling out a GST Return are advised to take help from the professionals who are experts in this field. This process is quite time consuming and requires extensive knowledge about the rules of the CGST Act. The first section of a GST  Annual  Return  Filing  contains the basic information such as the taxpayer's address, date of birth, etc., which is auto-populated from the consolidated summary of all returns filed in the previous fiscal year. It also has a field for Input Tax Credit (ITC) acknowledgement. In the second section of a GSTR-9, there are details about inward and outward su...