10 Important Points for Filing GST Returns
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…
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Practical guides for business decisions
Explore registration, GST and income tax topics. Check the current position for your situation before acting.
GST
GST guides
GST and Income Tax Compliance for Partnership Firms
A partnership firm is regarded as a separate person as per the Income Tax Act and GST Act, Once the partnership deed is prepared and signed by all the partners, the firm…
Read guideGST Input Tax Credit: Meaning and Calculation
As goods move towards the final customer, the same goods will be sold by more than one person in the sales chain. For example, Hindustan Unilever Limited manufactures and sells…
Read guideGST 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…
Read guideGST 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…
Read guideGST 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…
Read guideGST 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,…
Read guideGST Registration in Chennai: When and How to Apply
A practical Chennai GST registration guide covering eligibility, turnover limits, documents, Rule 14A, application steps and timelines.
Read guideGST 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…
Read guideGST 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…
Read guideHow to File a GST Return
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…
Read guideHow 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.
Read guideHow 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…
Read guideWhat 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…
Read guideWhat 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…
Read guideBusiness
Business guides
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,…
Read guideFood 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…
Read guideFSSAI 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…
Read guideFSSAI 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).
Read guideHow 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.
Read guideHow 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,…
Read guideHow 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.
Read guideHow 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…
Read guideHow 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.
Read guideHow 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…
Read guideHow 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…
Read guideHow 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…
Read guideHow to Start an Organic Food Store
“Opportunity is like sunshine, if you wait too long, you will miss them”
Read guideIEC 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…
Read guideImport-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…
Read guidePartnership 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…
Read guideSmall Business Ideas to Start in Chennai
If you are interested in starting a business, then you should first look at the following things.
Read guideTamil 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…
Read guideWhat 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…
Read guideIncome tax
Income tax guides
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.
Read guideCash 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…
Read guideHow 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…
Read guideHow 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…
Read guideHow to Pay Income Tax Online
Income tax can be paid online through the Income Tax Department’s e-Pay Tax service.
Read guideIncome 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…
Read guideSection 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.
Read guideTDS 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…
Read guideWhat 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…
Read guideWhy 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…
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