Goods and Services Tax(GST) came into effect on 1st July 2017, by amending the Constitution of India. It is the One Hundred and First Amendments introduced by the Government of India. GST was hailed as a significant tax reform of Independent India, that will help streamline the taxation process and reshape India’s $2.4 trillion
What is a CIN number? Corporate Identification Number, commonly known as CIN number, is a 21 digit alpha-numerical code that is uniquely provided to One Person Company, Public Company, Private Company, limited liability partnership, governmental organizations government companies, non-governmental organizations, not for profit organizations and so on which are registered by the Registrar of
How to Apply for Instant PAN Card Using Aadhaar
This year income tax department has generated a facility where one can apply for instant PAN if done through Aadhaar. This is an absolutely a free facility, and this can be availed by anyone in the Income Tax official website. A paperless procedure, Aadhaar card will be issued through e-PAN system where the e-PAN
Every registered business and taxpayer is required to pay their taxes after setting off their Input Tax Credit (ITC). The person must furnish his/her taxes every month and make the payment before the 20th. The payment of GST can also be done online and hence, is a sustained and constructive experience too. Payment Rules:
All about GST Portal With the introduction of the official government portal for GST payments, filing returns for GST has become effortless now. With the click of a button you can file your GST returns and also avail other services related to GST via the official government portal. The website requires individuals to register
The Previous Taxation System Before the introduction of the GST tax system, the Union and the states calculated and levied taxes based on numerous stages of taxation on a product or commodity, under their laid-out systems and laws. For every junction of the economic environment, different goods and services were put through various independent
