GST
The Value of Expertise: Why Businesses Should Invest in Professional GST Services
In today’s increasingly complex business environment, staying compliant with Goods and Services Tax (GST) regulations is essential for businesses to thrive and avoid legal pitfalls. While some businesses may attempt to manage their GST obligations in-house, the intricacies of tax laws and frequent updates can pose significant challenges. This is where professional GST services come into play, offering businesses the
Discover who should opt for voluntary GST registration and its benefits for small businesses
In the thriving business ecosystem across various regions, GST registration is a pivotal requirement for small businesses seeking to navigate the regulatory landscape and unlock growth opportunities. While mandatory thresholds exist, voluntary GST registration in Chennai offers strategic advantages for businesses. This article delves into the benefits and considerations of voluntary GST registration, highlighting its importance for small businesses in
The Importance of GST Registration: Why Every Business Needs It
Do you run a business and are unsure whether you need to register for GST? This blog post will offer insight into the significance of GST registration and explain why it has evolved into a crucial need for all businesses, large and small. Key Points In several countries, the majority of products and services sold for domestic use are subject
Your ready reckoner for year end accounting
Come March, there is always a lot of work that the accounts departments are flooded with. The end of the financial year brings in panic, concern and anxiety to streamline accounts and get things ready for the IT filing that falls later in the year. However small or big the business is, the load of work around March and filing
GST FAQs
2017 marked a milestone in the history of Indian Taxation with the Government deciding to unify taxes to get rid of numerous indirect taxes that were being levied, this gave birth to the Goods and Service Taxes, popularly known as the GST. With each year of implementation, the industries have learnt numerous lessons. With different kinds of opportunities arising for
What will happen in the case of the death of a proprietor under GST?
Since proprietorship concern has no long-lasting existence, sole proprietorship comes to an end if the proprietor dies. The GST registration is a PAN-based registration. In case of death of the sole proprietor, If the business is to be carried on by the legal heir, he cannot continue with the existing GST registration, since the legal heir will be having a
Things to do after obtaining GST Registration
In this article, let’s discuss all the important things to be done to stay compliant under GST after obtaining the GST registration certificate. Please note, that where business is being carried out in different States, every such business must be registered separately under GST. Hence, each of such GSTIN must comply with these GST rules separately. Due to lack