Tax Statutory & Compliance Calendar for the Month of June 2023 Introducing our comprehensive Compliance Calendar for the month of June 2023! Owning a business comes with responsibilities, and staying compliant with the rules and regulations is crucial. This month […]

Reasons why small businesses fail to keep up with GST compliance Introduction Small businesses often struggle to keep up with GST (Goods and Services Tax) compliance due to several challenges. These challenges can result in small businesses failing to comply […]

All about VAT on Transfer of Assets Introduction The transfer of assets is a common occurrence in business transactions. The transfer of assets can take many forms, including the sale of assets, the transfer of ownership, or the transfer of […]

Important Parts of New VAT Audit Form – 704  Introduction In the realm of taxation, regular audits play a crucial role in ensuring compliance and transparency. For businesses operating under the Sales Tax Act, it is essential to understand the […]

SAC Code and GST Rate on Legal, Accounting and Professional Services – All you need to know Introduction The GST Council established the GST rate for legal, accounting, and professional services. Services are subject to  5%, 12%, 18%, or 28% GST […]

Form GST REG-21 – Restoration of Cancelled GST Registration Introduction Restoration of a cancelled GST registration is possible if you file the Restoration within the prescribed time frame; otherwise, you will be unable to revoke it. You must file a […]

GST Compliance for Small Businesses: How can small businesses deal with GST Compliance? Introduction Small and medium-sized businesses are regarded as the Indian economy’s backbone, contributing significantly to export, GDP, job creation, and inclusive growth. They may believe that the […]

GST input on sales promotion – Everything you need to know Introduction Every taxpayer employs a variety of techniques to increase sales, the most common of which is a buy one, get one free promotional offer. Furthermore, a sales promotional […]

Process to file E-application for MVAT Registration Introduction The Maharashtra Value Added Tax Act, 2002 (MVAT) imposes a tax on the sale of goods in the state of Maharashtra. Under this act, it is mandatory for dealers to electronically apply […]