by admin | Mar 3, 2023 | GST consultancy
If your GST registration has been rejected, there is no need to panic. You can reapply for registration by identifying the reason for rejection. Expect to receive a communication from the GST department stating the reason for rejection. In most cases, seeking GST...
by admin | Mar 1, 2023 | GST consultancy
The Goods and Services Tax (GST), which is assessed on all goods and the majority of service-oriented businesses in India, was introduced at midnight on July 1st, 2017, in an effort to combine all central and state indirect taxes into a single tax. The new GST system...
by admin | Feb 16, 2023 | Company formation, Corporate Law Matters
The Micro, Small & Medium Enterprises (MSMED) Development Act of 2006 initiated the concept of empowering small businesses in a bid to utilize the strong GDP contributions and export supply. The “Amrit Kaal” plan initiated by the Union Budget of 2023...
by admin | Feb 8, 2023 | GST consultancy
Recent changes to the CGST Act and the income tax slabs under the new tax system were made by Finance Minister Nirmala Sitharaman in the Finance Bill 2023, which is part of the Annual Budget 2023–2024 presented on February 1, 2023. The adjustments range from raising...
by admin | Jan 30, 2023 | ITR Filing
A sole proprietor with self-employed earnings below the “taxable income” range might have this question: is it compulsory to file an income tax return? The simplest answer is a BIG YES. A more elaborate explanation is covered in this article by MPVD &...
