Online GST Registration is a process for applying for a unique GSTIN from the GST Portal. It requires no manual intervention or no physical paper submissions. A very simple online procedure has been prescribed for this. GSTIN is required by ...
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5 Important Facts That You Should Know About Sole Proprietorship Registration
SuperCAOften termed as “One Man Business Entity”, Sole Proprietorship is the most popular type of business to begin in the unsystematic sector, specifically among micro and small businessmen, traders or merchants due to its simple structure and slab-wise tax benefit. ...
BRN Registration | Everything you need to know about
starteazyWhen you start a new business, you must register it and receive a 16-digit BRN number, also known as a Business Registration Number. There are no costs charged during the procedure, and it takes less time. We’ll show you how ...
Taxes which are replaced by GST
SuperCAOn 1st July 2017, the government of India announced the implementation of GST in India. It was a big move, as it marked a significant indirect tax reform in the country by blending all indirect tax levied on goods and ...
Trade License Registration Online | All-in-one Guide
starteazyA trade license is an approach to regulate specific businesses in a specified location. The State Government is the one who issues it. A trade license registration online is an easy process and authorises the conduct of a specific trade ...
What happens when one doesn’t file GSTR 3B for 2 consecutive period?
SuperCAGST return filing must be compulsorily done by all individuals having GST Registration irrespective of turnover or profit. Every regular taxpayer shall file monthly GST returns and dealers registered under Composition Scheme shall file quarterly GST returns. On the other hand, one return ...
How to reply notice for cancellation under GST?
SuperCAUnder GST, Notices act as a medium to communicate to the taxpayers by the GST Authorities. These are sent to the taxpayers specifically to remind or caution them of any defaults being noticed, specifically for not following the GST laws ...
Extension of Due dates for filing of ITRs & various reports of audit for AY 2021-22
SuperCAConsidering the arising difficulties reported by the taxpayers and other stakeholders due to the third wave of COVID 19 and in view of various reports of difficulties while electronic filing of various reports of audit under the provisions of the ...
Can one own multiple Sole Proprietorship firms?
SuperCAAbout Online Sole Proprietorship Registration Registering your company makes your business a distinguished entity and gives it a legal existence. It is very essential for protecting your business and securing its rights. It shields the business from personal liability and ...
Section 194N of Income Tax Act
SuperCAIn order to discourage cash transactions and move towards a cashless economy, a new Section 194N was inserted under Income-tax Act with effect from September 1, 2019, to provide for deduction of tax on cash withdrawals made by any person ...
Reverse Charge Mechanism in GST
SuperCAIt is always the case where the supplier of goods and services is liable to pay the GST. But, when it comes to Reverse Charge Mechanism, the receiver of goods and services has to pay the tax, meaning that the ...
New GST Changes applicable from 1st January 2022
SuperCAThe Central Board of Indirect Taxes and Customs (CBIC) has notified various changes in GST Law effective from January 1st, 2022. The GST regime will see a host of tax rates and a number of changes coming into effect from ...
Starting a Business in Mumbai | The 2022 Guide
starteazyMumbai, the financial and commercial capital of India also known as India’s business hub because it is the most populous and fast-growing city. A large population and so many financial activities provide a lot of opportunities for starting a ...
Threshold limit in case of service or trade to apply for GST Registration
SuperCAGST Registration is a process for applying for a unique GSTIN i.e. GST Identification Number on the GST Portal. The taxpayer requires GSTIN to collect and pay GST on the outward supplies i.e. sales and claim GST input tax credit on ...
Documents Required for Sole Proprietorship Registration
SuperCARegistration of the firm is the overriding and most important step for any business organization. Company registration is very essential for protecting your business and securing its rights. It shields the business from personal liability and protects from other risks and losses ...