LATEST NEWS
Our Blogs
GST Registration Rejected How To Re-Apply
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...
Importance of GST Consultation in India
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...
Establishing or Growing Your Small Business in Light Of The Union Budget 2023
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 comes with...
MPVD & Associates Busts The Common Myths About GST Registration in India
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...
Importance of ITR Return Filing for Sole Proprietors
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 & Associates....
What Is The Difference Between Starting A Business and Company Formation in India
Let's acknowledge at the outset of this article that establishing a business is very different from company formation in India. If you are looking to start your own venture, either set up a business or a company, then this article goes out for you with some clear...
A Guide to Using MPVD Company Audit & Taxation Services for Kolkata-Based Startups
The Indian government is giving startups a lot of attention and support in terms of taxation, compliance, and funding. Although there was a significant decrease in funding in 2022 as a result of an increase in the number of late-stage investments that were declined,...
How Can a Chartered Accountant Help Your Business Run Smoothly?
All businesses undergo financial ebb and flow. While some surrender to cash flow disruptions in the face of a financial disaster, others succeed in overcoming such a situation. The difference between the two scenarios is a tax & accounting company, is often taken...
Tips to Prepare for Your First Tax Audit in 2023
In order to maintain compliance with the law and prevent fraudulent tax practices, enterprises and individuals are required to undergo tax audits by a chartered accountant, according to Section 44AB of the Income Tax Act of 1961. If your Indian business has a revenue...
Our experienced company audit and taxation professionals help you navigate complex tax laws and regulatory requirements. Contact us today to schedule a consultation.