Practical guides for business decisions

GST is the tax collected by the government if a person engages in a taxable supply of goods or services, The calculation of GST payment and remittance is done on a…

GST Compliances for a Partnership Firm

GST registration, scheme choice, return filing and the compliance calendar for partnership firms.

Input Tax Credit Under GST: Meaning, Eligibility and Calculation

Understand input tax credit, eligibility, blocked credit and GST calculations through clear examples.

GST Notices and Assessment: What Businesses Should Know

GST is a trust-based tax regime where the taxpayer is required to self-assess the tax payable and file the returns without any initiation by the tax officer or department. For…

GST on Construction Services

Construction and real estate constitute the major portion of revenue to the government, through taxes and others. Government is clear on the necessity of a basic house for…

GST Registration Auto Approval Under Rules 14A and 9A: A Guide

To help small business owners set up quickly, the Government of India introduced a simple and quick GST registration under rule 14A and 9A of CGST Rules 2017 by notification no…

GST Registration for E-commerce Sellers

GST registration is mandatory for all suppliers of services and goods if aggregate turnover crosses Rs.20 lakhs in a financial year for composite supply of goods and services,…

GST Registration in Chennai: When and How to Apply

Check GST registration requirements, documents, application steps, fees and approval timelines in Chennai.

GST Registration Under the Composition Scheme

GST registration is mandatory for all dealers if aggregate turnover exceeds Rs.20 lakhs in the financial year, the limit is Rs.10 lakhs for special category states. For state…

GST Rules for Special Economic Zones (SEZs)

In the past 2 decades, India has seen rapid development in cross-border business transactions and foreign investment. A special economic zone is an area which is designated by…

How to Prepare a GST Invoice

GST invoice is the primary commercial document that is issued by the supplier of goods or services to the recipient, and it is also issued to the seller of goods in some cases.

How to Reply to a GST Registration Query Notice

A person can apply for a GST registration number to comply with the GST Act on mandatory GST registration requirements or to get the benefits of GST registration by voluntary…

What Happens If a GST Return Is Filed Incorrectly?

A GST return is an important part of compliance with the GST Act, the data submitted in the monthly or quarterly GST return filing provides important information to the…

What to Do After GST Registration

As a first task in this article, we would like to thank you for complying with GST registration requirements. GST is a trust-based tax regime in which the administration, tax…

GST Return Filing Guide: Types, Due Dates and Workflow

GST returns, due dates and the filing workflow for regular, QRMP and composition taxpayers.

How to File GSTR-1: Due Dates, Tables, IFF and Corrections

Understand GSTR-1 due dates, reporting tables, IFF and corrections, with practical examples.

How to File GSTR-3B: Due Dates, Filing Steps and Late Fees

Prepare GSTR-3B, use eligible credit, calculate the cash payment and understand late fees and interest.

GSTR-3B Input Tax Credit: How to Claim, Reverse and Reclaim It

Check GSTR-2B, handle ITC reversals and reclaims, and understand Table 4 and credit utilisation.

QRMP Scheme Under GST: Monthly Payments, IFF and Quarterly Return Filing

QRMP eligibility, monthly deposits, the fixed-sum method, IFF and quarterly return filing explained.

FAQs: Documents Required for GST Registration in Chennai

Answers on personal documents, business records, address proof, rental agreements and coworking documents for GST registration.

A Guide to Private Limited Company Registration

Starting a business is easy in India and it will take only a couple of weeks to register a new business in India. There are different forms of business registration in India,…

Food Business Ideas to Start in Chennai

The restaurant business is booming in Chennai in recent years, the reason behind this is city population is nowadays preferring to complete a meal in a restaurant after a tired…

FSSAI Registration and Food Licences: Key Points

FSSAI stands for Food Safety and Standards Authority of India, issues food safety standards, and carries on control over food quality by implementing various control for food…

FSSAI Registration and Licence: What Is the Difference?

FSSAI licence or registration is administered by the Food Safety and Standards Authority of India and governed by the Food Safety and Standards Act 2006 (FSSAI ACT 2006).

How to Make Your Business Successful

If you are one among the prospective entrepreneurs interested in starting your new business, then you should first look at the following things.

How to Register a Company in Chennai

First, we congratulate you on your interest in starting a new business in Chennai, owning a business can be rewarding, but it takes planning and effort. In earlier years,…

How to Register a Food Processing Company in Chennai

Manufacturing or processing of food products is considered as profitable and sustainable business in FMCG – Fast moving consumer goods industry.

How to Register a Partnership Firm in Chennai

Partnership registration starts with the preparation of a partnership deed and following other steps to register the firm, this article explains the steps for partnership deed…

How to Register a Software Company in Chennai

Registration of an information technology company in Chennai starts with choosing a business structure, followed by any registrations required for its activities.

How to Register a Sole Proprietorship in Chennai

Easy to set up : Setting up sole proprietorship is a simple and quick process, sole proprietorship firm is considered as low-cost business set up which does not require…

How to Register a Supermarket in Chennai

The supermarket business is considered a stable income and profitable business, demand for FMCG and food products is usually steady. With the increasing trend of stress-free…

How to Start an Event Management Company in Chennai

Event management is one of the best and most lucrative business options and the right strategy, teamwork and effort can help the business grow in a few years. Let us quickly…

How to Start an Organic Food Store

“Opportunity is like sunshine, if you wait too long, you will miss them”

IEC Registration: What Businesses Need to Know

Import-export code registration also called IE Code registration is compulsory when the enterprise is engaged in the sale or purchase of goods from foreign countries. In the…

Import-export Business Registration: Practical Tips

Import-export business registration is a business opportunity that requires careful planning with the proper coordination of people’s money and work. India is a highly…

Partnership Firm Amendments and Deed Registration

Partnership firm registration is one of the flexible and cost-effective business structures for startups and established businesses already registered as proprietorship…

Small Business Ideas to Start in Chennai

If you are interested in starting a business, then you should first look at the following things.

Tamil Nadu NEEDS Scheme: 10 Points for New Entrepreneurs

MSME – Micro-small medium enterprises are the backbone of Indian commerce and contribute a large share to the GDP of the country. To take care of welfare measures, guide, and…

What Is a Digital Signature and How Do You Apply?

With technological advancements and digitization of documents, activities such as government approvals, filing of returns, submission of documents, and submission of tenders…

Admission and Retirement of Partners: Rights, Liabilities and Settlement

Admission and retirement of partners, profit shares, settlement, liabilities and required updates.

How to Close a Partnership Firm: Dissolution, Settlement and Legal Responsibilities

Close a partnership firm, settle assets and debts, handle partner liabilities and complete tax closure.

Capital Gains Tax on the Sale of Property

Capital gains tax applies when the value of a capital asset increases and the asset is sold.

Cash Transactions Under Income Tax: A Practical Guide

Cash is a liquid asset that gives flexibility in business and personal transactions due to its acceptance and its ability to be used for transactions with anyone and in any…

How to Calculate Income Tax in India

Income tax applies to taxable income earned in India and, in some cases, income earned by a person resident in India. All incomes are not chargeable to income tax, only incomes…

How to File an Income Tax Return on Salary Income

Income tax salary return filing is an easy task compared to other income tax returns, like income tax capital gains returns, and income tax business returns. It takes patience…

How to Pay Income Tax Online

Income tax can be paid online through the Income Tax Department’s e-Pay Tax service.

Income Tax Returns and Business Loan Applications

Income tax return filing is one of the top priorities for every business intending for proper compliance. The importance of income tax filing is well known by businessmen who…

Section 44AD Presumptive Taxation for Small Businesses

Filing an income tax return is a key requirement under the Income Tax Act, which applies to all persons who are liable to file income tax returns.

TDS Return Filing and Due Dates: Historical COVID Rates

TDS means tax deducted at source. Income tax is deducted by the person who makes the payment from the amount paid, and the balance is paid. The amount so deducted is deposited…

What Is Advance Tax and How Is It Calculated?

Income tax is normally paid after the end of the financial year, however, if the estimated net tax liability is Rs.10,000 or more during the financial year then the taxpayer…

Why Does the Income Tax Department Send Section 142(1) Notices?

Section 142(1) notices are frequently sent to taxpayers, it is one of the important notices sent requiring the assessee to furnish the return of income or provide such other…

Income Tax Compliances for a Partnership Firm in India: Tax Rate, Audit, Partner TDS and Due Dates (2026–27)

Income tax rates, audit, presumptive taxation, partner payments, TDS and due dates for partnership firms in 2026–27.