GSTR-3 Return Filing: All You Need to Know
GSTR-3 (GOODS AND SERVICES TAX RETURN-3) is a monthly return with the content of sales, purchases, and sales during the month along with the amount of GST(GOODS AND SERVICE TAX)Liability. Form GSTR-3B is a simplified summary return and the purpose of the return is for taxpayers to declare their summary GST liabilities for a particular […]
Fruits in Karnataka: A Culinary and Nutritional Guide
Karnataka state carries out a few plans to help ranchers. Ranchers attempt different farming and agribusiness-related exercises like developing Agribusiness crops, Cultivation crops, Sericulture, Dairy, Poultry, Fishery, and so forth. Every one of these actions requires specific information and experience. In this way, the state has laid out particular and explicit divisions to help ranchers […]
How to Pay Professional Tax: Step-by-Step Guide
Professionals and business owners across various states and union territories in India are subject to professional tax, a state-level tax levied by the respective state governments. This Professional Tax payment is applicable to individuals engaged in various professions and vocations, including salaried employees, self-employed persons, management consultants, medical representatives, and more. The Professional Tax collected […]
Section 17(5) of CGST Act: Explained in Detail
Section 17(5) of CGST Act, also referred to as blocked credits, is a very important provision for every regular taxpayer under GST. It defines a list of purchases on which GST is paid but businesses cannot claim these as the Input Tax Credit (ITC). Section 17(5) of the CGST Act deals with blocked credit under […]
A Guide to Professional Tax in Maharashtra
Every citizen who earns his living by working in any form must pay the occupation tax imposed by the state government. In short, every earning person has to pay this tax. Billing and amount collected may vary from state to state, but 2,500 rupees is the maximum per year. The tax is not imposed only […]
GSTR-8 E-commerce Operator Return: Guide
It is a monthly return to be filed by every e-commerce operator registered under GST. Therefore, it is required to be filed by those who collect TCS on outward supplies of goods and/ or services effect through the e-commerce Portal/platform (maintained by the e-commerce operator) made by taxable persons registered with it. The GSTR-8 is […]
Why Timely GST Return Filing is Critical for Your Business
As an entrepreneur in a country that has carried out the Goods and Services Tax (GST) system, it is crucial to comprehend the most common way to file GST returns. GST Return Filing are intermittent proclamation that sums up a citizen’s exchanges and is recorded with the expense specialists. GST was implemented to consolidate India’s […]
GSTR-4 Due Date and Filing: Important Information
It has transformed financial relations, ensuring greater coordination and efficiency in the Indian tax system. GSTR-4 is a GST Return that has to be filed by a composition dealer. Unlike a normal taxpayer who needs to furnish 3 monthly returns, a dealer opting for the composition scheme is required to furnish only 1 return which […]
Scheduled Banks in India: What You Should Know
Scheduled banks are those banks that are listed under schedule II of “THE RESERVE BANK OF INDIA ACT 1934”, the funds must be raised by the bank by RS.5 LAKH, and scheduled banks are liable for the low-interest loans from RBI(Reserve Bank of INDIA). The banking sector is an important dimension of the Indian economy […]
Tamil Nadu Professional Tax: Everything You Need to Know
Tamil Nadu professional tax is a fundamental wellspring of income for the state government. The justification behind exacting any kind of tax by the government is to produce income to assemble a vigorous framework, pay government laborers like police staff, and firemen; guarantee the safeguard of the nation, and so forth. Other than that, the […]
