In today’s world, it’s important to know how to use technology. It gives an idea of how people use digital technology. A person who knows how to use online messages well is digitally literate. Everywhere we go, technology is taking over. So, it’s important for both adults and kids to know how to use technology. This led to the start of the Pradhan Mantri Gramin Digital Saksharta Abhiyan. It began as a part of the Digital India Program. The main goal of this
About Various Means of Digital Payment The process India is going through to get rid of cash is very interesting. Mobile phones and the Internet pushed digital payments into the mainstream. Because of the internet, it is now very easy to pay digitally. Because of the Internet, people all over the country are starting to accept different ways to pay with digital money. In this blog, we’ll learn about different ways to pay online. We’ll find out how these different
BHIM stands for the Bharat Interface for Money. This app makes it easy to do transactions with UPI. It’s very easy to use. With a UPI ID or phone number, you can send and receive money. Through Aadhaar Authentication, the BHIM app makes it possible for businesses and regular people to receive digital payments from customers and third parties. Learn more about BHIM Aadhaar Pay by reading on. BHIM Aadhaar Pay: Background In December 2016, the Prime Minister made the BHIM Aadhaar Pay
Based on the Annual Aggregate Turnover, a business decides whether to sign up for GST and which GST returns to file (AATO). India has become a major centre for Startups and SMBs in the past few years. In the last two financial years, India has kept its place as the third largest base for Startups. The country is home to more than 4,750 Tech-Startups. With programmes like “Startup India” and “Make in India,” the government of India is doing everything
In this article, we’ll talk about how to sign up as an E-Commerce Operator, also called GST Registration for Ecommerce Operators. According to the GST Law, an E-Commerce operator is a person who owns, runs, and manages an E-Commerce platform and is responsible for collecting tax (Tax Collected at Source, or TCS) from the supplier. For every taxable transaction that the E-commerce operator does on behalf of other suppliers through his platform, he must collect 1% tax and send it
In India, anyone who sells goods that are taxed must finish their GST registration if they… His or her business or organisation has gone over the annual limit of Rs. 40 Lakh (20 Lakh for NE states and the Hilly States.).His/her company has started selling to other states. As of April 1, 2019, anyone whose annual sales don’t add up to more than Rs. 40 lakh but who is one of the following: Section 24 says that certain people are required to
GST Audit is the process of looking at a taxable person’s records, tax returns, and other papers. The goal is to make sure that all GST rules are followed, sales are reported, taxes are paid, claims for refunds and input tax credits are valid, and taxes are paid. The GST law calls for three different kinds of audits: the Statutory GST Departmental Audit, the Special Audit, and the Independent Audit. Everything you need to know about them is in Audit
The person who wants to appeal can do so if they don’t agree with the findings, observations, or conclusions made by the person who gave the order. It is the appeal’s most important point. In GST, grounds of appeal are the things that show what the dispute between the assessee and the revenue is about. The government is getting ready to set up a way for audits to be done online. With a law like GST that is constantly changing,
Even in the case of export, the approximate distance should be based on the distance within the country, from the place of the consignor to the place where the shipment is leaving the country and being cleared by Customs. We hope that this article gives you more information about how export transactions work. Find out about the E-Way bill for import transactions here. Applicability of E-way Bill for Imports When you import something, you bring it into India from somewhere else. The
Eway bills for exports are another thing that companies need help with so they don’t get fined in the future if they do it wrong. E-Way Bill, which went into effect on April 1, 2018, says that a bill must be made for every movement of goods. This includes goods that are exported and goods that are brought into the country. In our last article about E-way Bill for import, we looked
