Categories
Tax

How To File TDS Return: A Complete Guide

Last Updated on July 6, 2021 Every tax deductor has to file a TDS Return. But many people may not know about the process to file one. Are you one of them? Don’t worry. We’ve got you covered. Here, you will understand the entire process effortlessly. Let’s start.  What is TDS Return? If you are […]

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GST

GST – Meaning, Advantage, and Component of Goods and Service Tax.

The full form of GST is “Goods and Services Tax”. The journey of GST in India began in 2000 when the govt. set up a panel for drafting the law. It took 17 years for the law to evolve, and was finally implemented on 1st July 2017.

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GST

GST State Code List – Everything You Need to Know

Last Updated on August 11, 2021 As you may know, GST is a tax shared by the state and the central government. And the advanced technology and infrastructure have facilitated inter-state transactions significantly. So, it is essential to classify the place of supply to allocate the GST appropriately. To do the same, every state and […]

Categories
Banking PAYMENTS

Merchant Discount Rate (MDR) – All You Need to Know

Last Updated on August 18, 2021 Have you ever heard the term MDR and confused as to what it is? Well! If yes, worry not, we are here to answer all your queries related to MDR or Merchant Discount Rate. Let’s start What is Merchant Discount Rate? Generally, it refers to the discount rate of a […]

Categories
Tax

New TDS Rules, Which Everyone Should Know About.

Paying taxes may look complicated to some. They may not file returns intentionally or unintentionally. To solve this problem, the government proposed a solution. ‘Don’t bother the people! Collect taxes from the payer instead.’ And this led to the introduction of TDS. What’s more, the government has implemented a new rule which may force people […]

Categories
GST

GST Annual Return: A Complete Guide to GST Compliance.

Last Updated on December 4, 2021 What is GST annual return? The GSTR 9 is a GST annual return form that must be filed once a year by business taxpayers with all combined information of SGST, CGST, and IGST as charged during the prior year. In this blog, we summarise all of the information, laws, […]

Categories
GENERAL

MSME Definition, Role and Importance – all you need to know.

Last Updated on July 8, 2021 Table of Contents What is MSME? Feature of MSME Role of MSMEs in Indian Economy Importance of MSMEs for the Indian Economy What is MSME? MSME stands for Micro, Small and Medium Enterprises. MSMEs are primarily engaged in producing, processing, or preserving products and materials. In India, MSMEs contribute […]

Categories
GST

Download GST Registration Certificate from GST Portal – a complete guide.

Last Updated on December 4, 2021 Introduction Taxpayer, who has registered for GST, can download GST Registration Certificate from GST Portal. The government does not issue any physical copy of the GST Registration certificate. We need a GST Registration certificate for various purposes – doing partnership with other business, opening a bank account, GST audit, […]

Categories
GST

How to avail Input Tax Credit (ITC) if Supplier has not uploaded Invoices?

Last Updated on July 9, 2021 Table of Contents What is the Input Tax Credit (ITC)? How to avail Input Tax Credit (ITC) if your Supplier has not uploaded Invoices? After implementation of Tax Rule what changes will take place? What is the Eligible ITC? What is the Input Tax Credit (ITC)? The Input Tax […]