India’s indirect tax system, called the Goods and Services Tax (GST), was put in place in 2017. GST has replaced a number of existing indirect taxes, such as excise duty, service tax, and value-added tax (VAT). GST filing is the process of giving the government GST reports. This is a complex process that can be time-consuming and difficult to do correctly. GST filing centers can help you with this process by providing a number of services, such as: GST registration: GST filing
Indian state finance ministers have asked that the highest rate of the goods and services tax (GST) be raised from 18% to 28%. This is likely to hurt the country’s new online gaming industry. This article will give you the most recent information about GST on Online Gaming. Latest Survey for GST on Online Gaming In an online poll done by LocalCircles, more than 80% of the people who answered said that the GST rate on online gambling, casinos, and horse
The GST number is a unique identifier that is given to every business that signs up for GST. It is a unique 15-digit number for each taxpayer who has signed up for GST. One Person Company can also sign up for GST on its own if it wants to take advantage of its benefits. Also, according to the GST Rules and Regulations, One Person Companies are required to have GST Registration if they meet the requirements for being able
Since the government made a strong statement about GST rates, the market has been very confused. There is a lot of confusion about how to register for GST, how to bill for GST, and how to file a GST return. Your counselling or consulting business needs to be registered with the GST. So, you should learn about the GST structure that applies to this idea and make an effort to save taxes on your services. This article will tell you
Employee Provident Fund (EPF) is a retirement benefits scheme framed under the Employees Provident Fund & Miscellaneous Provisions Act, 1952. The scheme applies to those who are employed. As per the EPF scheme, the employer deducts a certain amount of contribution from the employee’s salary and deposits in his or her EPF account. An employer also contributes to the employee’s EPF account. On retirement, the employee receives a lump sum corpus of EPF, including the employee’s contribution, employer’s contribution and the
GST is the most important tax-related reformation in the country beginning unity in the taxation structure and reducing the various types of taxes that were applicable in the previous regime. The GST Council meeting is conducted regularly in order to further improve the overall GST rates for multiple goods. Various states and industries support a decrease in GST tax rate for different items which are taken into the discussion in the council meetings. The finance minister nirmala sitharaman and its panel
Declaration for Authorized Signatory We Karthik B & Gowsick B hereby solemnly affirm and declare that Karthik B to act as an authorized signatory for the business K SQUARE having GST Registration Number (in process for which application for registration is being filed/ is registered under the Goods and Services Tax. All his/her actions in relation to this business will be binding on me/us. Signature of All Partners Name : Karthik B Designation : Managing Partner Name : Gowsick B Designation : Managing Partner Acceptance as an authorized
SAC Codes for Courier Services The SAC Code for postal and courier services are as follows: SAC Code 996811 – Postal services, including post office counter services, mailbox rental services.SAC Code 996812 – Courier servicesSAC Code 996813 – Local delivery servicesSAC Code 996819 – Other Delivery Services GST Rate for Courier Services Courier services classified under SAC Code 996812 will be taxable at 18% GST. In addition to the above types of courier services, some services provided by a Courier business can also fall
1. Steps to Pay Income Tax Due Step 1: Select Challan 280 Go to the tax information network of the Income Tax Department and click on ‘Proceed’ under Challan 280 option. Step 2: Enter Personal Information For individuals paying tax: Step 1: Select (0021) Income Tax (Other than Companies)Step 2: Select the type of payment correctly from the following: (100) Advance Tax(102) Surtax(106) Tax on Distributed Profit(107) Tax on Distributed Income(300) Self Assessment Tax(400) Tax on Regular Assessment Select ‘Self-assessment tax’, if you have any taxes due
- 1
- 2