Income tax return filing in India

Amidst the hustle and bustle of our busy lives, each citizen in our country gets preoccupied every year while filing their tax returns. Tax Filing is not necessarily a difficult process to fathom. It primarily involves a procedure where one needs to disclose their income and taxes paid by them to the government. Mainly, filing tax return enables us to declare our annual income, …

Filing for Returns- GST Transition Form 1(TRAN 1) and GSTR-3B

Goods and Service Tax combine multiple taxes into one so that tax payers are required to pay a single tax. However, to guarantee a smooth transition of several businesses into GST format and adapt them, it is necessary to have several rules. On June 3, 2017, the GST Council settled upon a few rules that will be implemented, namely as …

Different types of supply under GST

What do we denote by Supply?

GST introduced “different types of supply” with various rules attached to it. Supplies refer to the good and services that are offered or received in an industry. It is treated as a taxable affair under the new GST system. However, previously, supply was treated in a different manner and this taxable matter had different rules along with a …

Documents required for GST Registration

In India when businesses engaged in the distribution of commodities or supplies services have a turnover beyond Rs 20 Lakhs, then those companies are required to complete registration under GST. However, in North-eastern states and states in hilly areas, the turnover is relaxed to Rs 10 Lakhs. GST registration documents at proworktree. Casual registration is made by an individual who supplies goods or provides …

Importance of a Private limited company

What do we mean by a Private Limited Company?

The “importance of Private Limited Company” in India can be shown in numerous ways. It is one of the most rampant types of business structure found in India. This corporate legal body is governed by the Companies Act, 2013 and the Companies Incorporation Rules, 2014. The government made some crucial changes to Companies Incorporation …