🔊 Play Every person exporting any one or more of the Scheduled products shall, before the expiration of one month from the date on which he undertakes such export or before the expiration of three months from the date of coming into force of this section, whichever is later, apply to Authority to be registered […]
As per Sec 139 of the Income tax act, it is mandatory to file an Income tax return in India
🔊 Play If your gross total income (before allowing any deductions under section 80C to 80U) exceeding INR 250000. This limit is INR 300000 for senior citizens (Who are more than 60 years but less than 80 years old) and INR 500000 for super senior citizens (Who are more than 80 years old). A company […]
Audit and Assurance Services
🔊 Play We are providing a range of Audit and Assurance Services and business services to a diverse client base ranging from small businesses & start-ups to substantial international groups and development sector. Tax Audit u/s 44AB of Income-tax Act, 1961:Audit of accounts of certain persons carrying on business or profession Tax Audit is compulsory […]
How much should you be charged on food Bills/All your concerns about food bills after GST
🔊 Play Someone mentioned on twitter how she is planning to cut off her outdoor eating habits as she feels the surge in bills post GST. When we asked her how much was she charged post-GST, She had no clue about the rates. Well, that’s bad we thought. Being aware of basic rates is very […]
Agricultural and Processed Food Products Export Development Authority (APEDA)
🔊 Play Agri Exchange is the name given to the Trade portal. An attempt first of its kind has been endeavored by APEDA, Govt. of India, where online trading is the specialty. In its stride, a joint collaboration of UNCTAD and Ministry of Agriculture has given the portal a shape. Globally buyers and sellers in […]
FSSAI License in India
🔊 Play If you’re planning to start a food retail business in India, the most important license is the one from the Food Safety and Standard Authority of India (FSSAI), Ministry of Family Health & Welfare, Government of India. The FSSAI provides licenses for the safety and standardization of food products manufactured and sold in […]
Now PAN can be used as Importer Exporter Code with the introduction of GST: DGFT
🔊 Play In a move that would improve ease of doing business in the country, Commerce Ministry has allowed using PAN as Importer Exporter Code (IEC) with the introduction of Goods & Services Tax (GST). According to the Foreign Trade (Development &Regulation) Act, 1992, no person shall make any import or export except under an […]
FAQ’s on MSME-GST
🔊 Play Question 1: What is GST? Answer : GST stands for Goods and Services Tax, which is levied on supply of goods or services. “Supply” is a legal term which has very broad sweep and various types of economic activities are covered by it. For example, sale of goods is a type of supply. […]
FAQs Drugs & Pharmaceuticals GST
🔊 Play Question 1: Whether formulations cleared have to be assessed to GST under transfer price mechanism or on the basis of MRP printed on them? Answer : The assessment of drugs and formulations under GST would be on the basis of transaction value at each level of supply with end to end ITC chain […]
FAQ on E Commerce Gst
🔊 Play FAQ: E-Commerce Question 1: What is Electronic Commerce ? Answer: Electronic Commerce has been defined in Sec. 2(44) of the CGST Act, 2017 to mean the supply of goods or services or both, including digital products over digital or electronic network. Question 2: Who is an e-commerce operator? Answer: Electronic Commerce Operator has […]