Biz TaxPro

16/08/2025

🌸✨ Happy Shri Krishna Janmashtami! ✨🌸

On this divine occasion of Lord Krishna’s birth, may your life be filled with joy, wisdom, and prosperity. 🙏💙

At BizTaxPro Advisors, we are dedicated to guiding you in your financial journey — just as Lord Krishna guided humanity with his eternal wisdom. 🌿

📌 BizTaxPro Advisors
📞 6375990939

✨ Jai Shri Krishna! ✨

15/08/2025

Happy Independence Day from all of us at BizTaxPro Advisors! 🇮🇳

Today, we celebrate the freedom and spirit of our great nation. Just as we help businesses gain financial independence and peace of mind, we honor the courage that paved the way for our country's growth.

Wishing you and your family a day filled with pride, joy, and prosperity. Let's continue to build a financially strong India, together!

Jai Hind! 🙏

Contact us today for a free consultation:
📞 6375990939

01/04/2025

🌟 Wishing You a Prosperous New Financial Year! 📈✨

As we step into a brand-new financial year, BizTaxPro extends heartfelt gratitude to our valued clients, partners, and team members. Your trust and support have been the driving force behind our success!

Here's to another year of growth, innovation, and financial excellence. May this year bring new opportunities, stronger partnerships, and greater achievements for all!

💡 Let's make this year the best one yet!

14/06/2024

Who is Require to Get GST Registration-

Under the Goods and Services Tax (GST) regime in India, certain entities are required to take GST registration. Let’s explore who falls under this category:

Mandatory GST Registration:
Businesses: If your aggregate turnover (total sales) in a financial year exceeds Rs. 40 lakhs (or Rs. 20 lakhs for special category states), you must register as a normal taxable entity.
Service Providers: If your aggregate turnover exceeds Rs. 20 lakhs (or Rs. 10 lakhs for special category states), GST registration is mandatory.
Other Entities Requiring GST Registration:
Casual Taxable Person: Individuals who occasionally supply goods or services.
Input Service Distributor (ISD): Businesses that distribute input tax credit among their branches.
Non-Resident Taxable Person: Foreigners conducting business in India.
Inter-State Supplier: Entities supplying goods or services across state borders.
E-commerce Sellers: Those selling goods through online platforms.
Reverse Charge Mechanism (RCM): Entities liable to pay tax under RCM.
TDS/TCS Deductors: Entities deducting or collecting tax at source.
Online Data Access or Retrieval Service Providers: Such as online databases or content providers.
Remember that GST registration ensures compliance with tax laws and transparency in the tax system. If your business meets any of the above criteria, it’s essential to obtain GST registration promptly. 🌐📊

11/06/2024

🌐 Virtual Accounting Services 🌐

Are you tired of traditional accounting hassles? Ready to embrace the digital era? Look no further! Our virtual accounting services offer convenience, efficiency, and expert financial management—all from the comfort of your screen.

📊 What We Offer:

Cloud-Based Bookkeeping: Access your financial records anytime, anywhere.
Tax Planning and Compliance: Stay ahead of tax deadlines and optimize your tax strategy.
Financial Reporting: Get real-time insights into your business performance.
Secure Data Handling: Your financial data is safe with us.
🔍 Why Choose Virtual Accounting?

🌟 Global Reach: We serve clients beyond borders.
⏰ Flexible Hours: No need to rush to an office; we’re available when you need us.
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📩 Message us today to explore how virtual accounting can transform your financial management. Let’s make accounting hassle-free! 💻📈

09/06/2024

Hello Friends!!!
As you know ITR Filling has been started. For individuals whos business is not required to be audited, have to fill ITR for FY 2023-24 upto last date 31-07-2024. Hence don't wait for last time. we are here for help you.
Get in touch for Enquiry-
https://docs.google.com/forms/d/e/1FAIpQLScQAtEfGWZkVs1RqRiFbcWrX3eGs48t-hcP5_CJ0Meavs4F5A/viewform?usp=sf_link

15/01/2024

30/10/2023

Online Seller !
Online seller are worried about their Bookkeeping and GST Compliances. Accounting of Online Seller are Mostly similer to basic accounting. Some of challanging task are-
1. Major time consuming process is Reconciliation of accounts with Buyers like Amazon, Flipkart, Netmed, oyo, Uber, Rapido , Ola cars Etc.
2. TCS of 1% is Collected under GST ACT By E-ommerce operator like Amazon, Flipkart etc. on consideration is received by it on behalf of Online supplier of Goods and Service.
3. TCS collected under GST shall be reported in GST returns and Credit of TCS included in Cash Ledger and Available for Input Tax Credit for payment of GST.
4. TDS of 1% under Section 194 O is also Deducted by E-Commerce operators on amount of Sale of Goods or Service, subject to some Condition specified under LAW.
5.Reconciliation of TDS with 26 AS is also critical task for Online seller.
6. Decision of Price of product for sale on online platform need analysis so that Online seller can maintain Margins and ensure Growth.
Online Sellers needs attentive towards Accounting and Compliance objectives.
CA Pawan Jangir
6375990939

07/10/2023

Post-05

Startup India is Flagship Initiative of Govt of India.

What are the system Lags and action plans which are addressed by

⛔Key challenges faced by Startups in India has been access to finance. Often Startups, due to lack of collaterals or existing cash flows, fail to justify the loans. Besides, the high risk nature of Startups wherein a significant percentage fail to take-off, hampers their investment attractiveness.

✅ Government of India Addressed these issue with following measures-

🔹 In order to provide funding support to Startups, Government will set up a fund with an initial corpus of INR 2,500 crore and a total corpus of INR 10,000 crore over a period 4 years (i.e. INR 2,500 crore per year) .

🔹 The Fund will be in the nature of Fund of Funds, which means that it will not invest directly into Startups, but shall participate in the capital of SEBI registered Venture Funds.

🔹 Debt funding to Startups is also perceived as high risk area and to encourage Banks and other Lenders to provide Venture Debts to Startups, Credit guarantee mechanism through National Credit Guarantee Trust Company (NCGTC)/ SIDBI is being envisaged with a budgetary Corpus of INR 500 crore per year for the next four years.

06/10/2023

Post-04
Startup India is Flagship Initiative of Govt of India.
What are the system Lags and action plans which are addressed by
⛔ Due to Innovative nature of Startups a Significant percentage fail to Succeed. It is critical to reallocate resources and Capital to more productive Avenues.
✅ Government of India Addressed these issue with following measures-
🔹 The Insolvency and Bankruptcy Bill 2015 has provisions for the fast track and / or voluntary closure of businesses.
🔹 On appointment of the insolvency professional, the liquidator shall be responsible for the swift closure of the business, sale of assets and repayment of creditors in accordance with the distribution waterfall set out in the IBB.

05/10/2023

Post-03
Startup India is Flagship Initiative of Govt of India.
What are the system Lags and action plans which are addressed by
⛔ Earlier Tenders floated by PSU or Govt. Companies, often specifies Term and condition of “prior experience/ turnover" without relaxation in Quality standard and Technical Parameters. Also business owner have to demonstrate capabilitied to execute the Projectand required manufacturing facility in india.
✅ Government of India Addressed these issue with following measures-
🔹 Central Government, State Government and PSUs have to mandatorily procure at least 20% from the Micro Small and Medium Enterprise (MSME).
🔹 In order to promote Startups, Government shall exempt Startups (in the manufacturing sector) from the criteria of “prior experience/ turnover” without any relaxation in quality standards or technical parameters.

Pawan Jangir