The MSME which stands for micro small and medium-sized enterprises and also known as SSI which stands for small scale industry. These are common and profiting businesses that receive many benefits from the government as the government itself promotes it. Once you have decided to have your own business of this sort, you will require…
All Things to know about ESIC registration
ESIC registration is useful for both the employees and employer. ESI stands for Employee State Insurance and it is managed by the Employee State Insurance Corporation (ESIC) which is considered as an autonomous body created by the law under the Ministry of Labour and Employment of India. In this blog, we will briefly discuss about…
Income Tax Return Filing through an Expert
An Income tax return (ITR) is a form filed with the income tax authority which reports income, expenses, and other pertinent tax information. In this blog, we will discuss about Income tax return filing. Let’s start the journey. What is Income Tax Return (ITR) filing? ITR is a simple form in which taxpayers declare their…
What is an Import Export Code and who needs it?
This is a mandatory registration for all business entities in India involved in export and import of products and services. IEC Code is issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industries, it is a 10-digit number called the IEC Code that can be issued to a business…
What were the Effects of GST on MSME Business
Have you ever come across the abbreviation MSMEs while going through the newspaper (especially business columns) or watching business news on TV? If yes its good, if not then let us inform you that MSMEs stand for micro, small and medium enterprises. MSMEs are considered to be playing a very important role as they are…
A detailed Process of TDS Return Filing
Are you looking to file your TDS returns? Do you know the procedure of filing the TDS returns? What is the meaning of TDS? If you are wondering with the same question and looking for the answers; then let us inform, you are at the right spot. In this article, we will explain the meaning…
Description of Tax audit limit and due date
Have you ever heard about the term audit or tax audit? Who does this work tax audits? Take a deep breath we will answer all your questions one by one. It basically involves the verification of the accounts maintained by the assessee. Auditors validate the Income the tax computation and compliance with the laws of…
Online MSME Registration Process
The online MSME registration process has now become quite simple and time-efficient. If your business is small or medium or even micro, then you must obtain MSME registration because the government of India has introduced many schemes under MSMED Act to encourage and promote micro, small and medium enterprises. MSME stands for Micro, Small and…
5 jaw-dropping facts about Sin Tax
Before we start with the facts about Sin Tax, let us ask you a question. Are you sinning? Aren’t you sure? Fine, let us then ask you a few more questions. Do you smoke, consume alcohols, eat tobacco or paan masala, take drugs, etc.? If yes, then you are unquestionably sinning. You might be thinking…
What is GST registration processing time?
Our intent of writing this blog is to educate you about the GST registration processing time. While establishing a new business, many will suggest you not to obtain GST registration since it’s not mandatory for the companies generating turnover under the threshold limit. But let us tell you that acquiring company registration isn’t sufficient. GST…