Consultants

Consultants for GST Registration in India   Goods and Services Tax (GST) Registration in India is an essential requirement for businesses that are providing taxable goods and services. As the law stands, businesses must register separately in each state where they are selling. They must also submit monthly returns to the relevant authorities. The process is easy. First, you need to fill out the application form for Goods and  Service Tax online. You'll need to provide your PAN card, mobile number and email address. An OTP will be sent to these numbers, and once your application is approved, you'll receive a GSTIN. Using a GSTIN, you can track your sales and make refunds. You can also e-verify your registration through your Aadhar card or digital signature. A GSTIN is a 15-character number that is assigned to you by the government and tracks your business through the system, including the taxes you pay and the credits you receive. Ultimately, this num...

Benefits of One Person Company in India A one-person company is a forward-thinking concept that promotes the incorporation of micro, small, and medium-sized businesses and persons with entrepreneurial dreams but do not want to involve resources or means to get more partners to execute their business plan. It gives all the benefits of a company like credit, bank loans, limited liability, access to the market and legal protection to individual entrepreneurs. One-person companies are a popular option among entrepreneurs as they provide a variety of advantages. Some of the benefits include a lesser compliance burden, low investment, and more. In India, there are many people who work in the unorganized sector and lack the capital to get a proprietary firm registered. To cater to this need, the government introduced a new company type called one-person companies (OPC) in the Union Budget 2021-22. The OPC has a lower paid-up capital and turnover requirement and is ...

GST Annual Return Filing Services in India   The Goods and Services Tax (GST) Act requires all registered taxpayers to file the annual return in form GSTR-9 on a yearly basis. This form is available online and can be filled from any place and at any time during the year. It is compulsory for normal taxpayers whose aggregate turnover exceeds 2 crores to get their accounts audited by a chartered accountant and submit a copy of the audited financial statement along with their annual return. In addition to this, composition taxpayers are required to submit a reconciliation statement in form GSTR-9C, reconciling the value of supplies declared in the return furnished for the financial year with the audited annual financial statement. The GSTN auto-populates several tables in Form GSTR-9 / 9A & 9B as per the details available on monthly filed GSTR 3B / 1M returns of the taxpayer for convenience and ease of filing . This is done to help the taxpayers in reducin...