TAX Help and Friend

31/08/2019

Today is the last date for filing of Income Tax Returns for all persons (whose accounts are not required to be audited)
From tomorrow penalty of Rs. 5000 will be levied (Rs.1000 if gross income below Rs.5 lakhs).
If any help is required in this regard, u can contact me at 9079149383

10/08/2017

When you need to send goods for transportation for a purpose other than sale like for some Job work or for transfer to a local branch, then you need to issue a Delivery Challan for the goods, so you don't need to pay the tax on these goods. This delivery challan needs to be prepared in 3 copies, original for Consignee, duplicate for transporter and triplicate for consignor.

10/08/2017

Under GST System, everything is online. You need to apply for registration Online, you get registration online, You create challan to pay tax online, you can make online payment, You have to file your returns online. So, most of the manual systems are done away with.

10/08/2017

Last date for payment of tax by registered dealers is 20th of August and this is also the last date for filing your GST Return GSTR-3B. Last date for filing GSTR 1 is 05-Sept-2017.

10/08/2017

It may please be noted that there is no provision of Revision of Returns under GST law. So, you must file your GST Returns accurately in the first run itself.

10/08/2017

Hi all,
We provide GST Registration and all GST related services. So if you want to obtain GST Registration (GSTIN) for your business (present / future) at Rs.1500 only please contact me. We specialize in both Income Taxes and GST law.
Contact No. is 9079149383

17/07/2017

GST Online support
Online Gst Registration n return filing
U can also join our whatsapp group for online support wid link given

https://chat.whatsapp.com/AAmhQU4S6xnAMr8LUpTkQe

We provide all types of GST related services including: -
1. Registration of your business under GST network and obtaining GSTIN.
2. Migration of your existing State VAT ID to GSTIN
(GST registration is an online process and GSTIN can be obtained from anywhere by providing required details).
3. Consultation regarding whether or not you should opt for Composition scheme i.e. regular or composition, which scheme is more benefitial to your business.
4. Format of Invoices under GST
5. Filing of GST returns
6. Transfer of credit balance under old tax system to GST tax regime.
We provide one stop solution for all your Income tax and GST related problems.

Plz ping on 9079149383 for ur queries.

Follow this link to join

27/06/2017

Some strange Transactions which are taxable under GST: -
1. Transactions without Consideration for Example: An Architect who is partner of an Architect firm designing the house for himself or building complex for his own use would qualify as taxable event.
2. Exchange of Goods will mean 2 taxable events. For example: If you exchange your Gold watch for Restaurant services enjoyed by you, there will be two taxable events and GST will be applicable on both these events.

25/06/2017

For small dealers Composition scheme is Financially beneficial. This scheme is economically beneficial to all those dealers who sell goods or provide services to ultimate Consumers.

25/06/2017

Composition Scheme under GST Law: --
What is the need of a Composition Scheme: -
Basically there are 2 options to every Tax payer under GST Law. First is a Regular Scheme i.e. Paying of tax at the rate mentioned in the law and preparing all tax returns and records and issuing invoices with tax rates applicable.
For small dealers it becomes hard to maintain all records and filing returns, those dealers do not require to pass Tax credit to their customers because in most cases these dealers are directly selling to consumers. For such type of dealers the Govt has introduced Composition scheme. Various details of this scheme are as follows: -
This is an Optional Scheme for both Goods Dealers and Services Providers, conditions for applying for this scheme are as follows: -
• Turnover: - Aggregate Turnover of Taxpayer (Goods / Services) must not exceed Rs.75 Lakhs for the year.
• Business should be only Intra-State (i.e. within the state only). In case of dealing with other states, this scheme cannot be applied.
• This scheme will apply to all the businesses registered in one PAN i.e. Either Composition scheme will apply to all the businesses registered in one PAN OR will not apply to any business registered with same PAN.
• Procedure for applying Composition Scheme: - First you will have to apply for registration with GST Portal. Once you become Registered taxpayer for GST, you may apply for Composition Scheme separately.