Posts

Showing posts from September, 2021

GST Change of Address- A quick and easy online process

Image
  Table of Content Introduction  Who can file the amendment of registration application? Provisions of Changes in the Address in GST Registration Time limit of GST Amendments in the Address Process of changing or updating the GST registration details Introduction  In some cases, when the wrong information about the taxable person has been filled in such cases  GST registration  amendments are required. In this article we will discuss the process of making GST address change online of the business. Who can file the amendment of registration application? The following persons registered under the GST can file the change of registration application: New Registrants & Normal Taxpayers TDS/ TCS Registrants, UN Bodies, Embassies & Other, Notified person having UIN Non-Resident Taxable Person GST Practitioner Online Details and Database Access or Retrieval Service Provider Provisions of Changes in the Address in GST Registration GST address Change comes under the amendments of the cor

How to apply for GST and PAN for a Partnership Firm?

Image
  Partnership firms in India can be formed by anyone either by written or oral agreement. Under this agreement, two or more people agree to share the profits earned through the business which is run by all partner or any one of them. For the purpose of Income Tax, partnership firms are required to submit a partnership deed as proof of its existence. Along with this, a PAN card application is also required. In this article we have discussed Procedure for PAN application and GST registration of a partnership Firm.   Table of Content How to apply for PAN for a Partnership Firm? Procedure for Registration of Partnership Firm under GST How to apply for GST Number for a Partnership Firm? Documents required for GST Registration of Partnership Firm: How to apply for PAN for a Partnership Firm? Procedure for  Application of PAN Online application of PAN can be made on the NSDL website OR UTIITSL website. Submit the PAN card application Form 49A available on the NSDL. Payment of application fee
Image
  How does Digital Marketing help businesses? For businesses, deciding whether to go traditional or digital causes chaos. With a limited marketing budget, it’s difficult for companies to divide their efforts between conventional and digital methods (digital advertising). Finally, most businesses revert to traditional marketing due to a lack of expertise and appropriate instruments to assess the ROI of computerized marketing. However, choosing the right promoting blend is not a simple task. A person must react to many questions, such as: Which channel would provide me with the best return on investment? How am I supposed to know if it’s working well or not? Is it better for me to do it myself or reconsider? The solutions to these questions are even more perplexing than the questions themselves.   Traditional marketing has its own set of advantages, and most business owners are aware. They’ve tried it out and know what the outcomes will be. It takes a lot of effort to make the transition

GST Return Filing in Simple Steps- Know How to File GSTR 1 & GSTR 3B

Image
  The basic scheme of GST Return Filing in India GST return filing has seen huge ups and downs in the last four years. It has changed many times. But never touched the format that was covered in CGST Act. At present, we file two basic returns of GST. There is one annual return also. It is called Annual Return, but it is exempted for the small taxpayers. The two basic returns of GST are GSTR 1 and GSTR 3B. We can file them quarterly or monthly. The large taxpayers will have to file it monthly only. The option for quarterly filing is only for small taxpayers. A taxpayer with less than Rs. 5 crore turnover is a small taxpayer for this purpose. GSTR 1 is a statement of turnover and various outward supplies made during the period. Whereas GSTR 3B is a consolidated return. It compiles the data related to sales and ITC. The final tax payable is also calculated in this return. The payment is also done via a challan while filing GSTR 3B. How to compile data for GSTR 1 Data in GSTR 1 is required