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In the fastest-emerging world of taxation in India, business finds themselves dealing with complicated regulations and compliance requirements. The latest Goods and services tax popularly known as GST was introduced in 2017 and became a game-changer in the Indian tax system by merging various indirect taxes. Understanding GST is sometimes a complex task to do…
In today’s dynamic economic environment, understanding the nuances of taxation can be a challenge for businesses and individuals alike. The Goods and Services Tax (GST) audit is a key aspect that often requires attention. This blog aims to simplify the GST audit process, helping you comprehend its importance, and why it’s essential for maintaining financial compliance….
According to GST, if any person has registered under the GST process, then that person will have to get his account audited with the help of a Chartered Accountant (CA) or CMA Accountant (Certified Management Accountant). Every registered person must undergo a GST audit based on the provisions of the GST Act. In this article, we will…
Whether it is necessary to get registered in GST or not, depends on many factors. If any person was required to get registered in GST and did not get registered in GST, then a penalty will be imposed on him. To make your business more reliable and trustworthy in the eyes of the government, having…
GST in India was implemented from 1st July 2017, after which most of the indirect taxes were removed. After this, any person who supplied goods or services had to get GST registration. Any person can get registered for GST in 3 cases – If the turnover exceeds the prescribed limit (GST registration threshold limit) In…
GST (Goods and Services Tax) is a trust-based taxation system in which the GST registered dealer is expected to file GST returns on a monthly as well as annual basis as per their business’ sales and purchases. The purpose of the GST Audit in Delhi is to ensure that the registered person has paid the taxes accurately…
In today’s article, we are going to discuss the rules of registration based on turnover. So, if you want to enhance your knowledge about GST or need to get GST registration, you must not ignore these important details. What should be the minimum turnover for registration in GST? Any person who supplies goods or services, if…
Since 1st July 2017, it has been mandatory for businessmen that they should register their businesses through GST registration and file monthly and annual GST returns on time so that the govt. can collect taxes from them and at the same time, these registered persons fulfil their tax obligations easily. However, there are some questions that people…
Today, many people are increasingly aware of taxes. Thus, many business owners continue to improve themselves in maintaining books and financial reports neatly for taxation of the business they are running. However, behind it all, there may be still many who think that managing taxation is confusing and complicated. However, because of changing tax laws,…
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