by Sinewave Team | May 23, 2021 | GST, SMEs, Taxation
No doubt, GST has bought several non-tax payers into the Tax bracket. But, what about some genuine and necessary sectors which have been affected because of the GST? It has vitalized some FMCG companies, but what about the rest? More or less of the FMCG sectors have...
by Sinewave Team | May 23, 2021 | GST, SMEs, Taxation
GSTR 9 is an annual return to be filed once in a year by the registered taxpayers under GST including those registered under composition levy scheme. It consists of details regarding the supplies made and received during the year under different tax heads i.e. CGST,...
by Sinewave Team | May 23, 2021 | GST, SMEs, Taxation
1. Section 25- Procedure for Registrationa. Time Limit- Every person who is liable to be registered under section 22 or Section 24 shall apply for registration within 30 days from the date on which he becomes liable to registration.b. State wise...
by Sinewave Team | May 22, 2021 | GST, SMEs, Taxation
Every business organization is engaged in finalizing books of accounts and preparation of Balance Sheet for each financial year. It becomes important to understand the legal provisions under GST law while finalizing books of accounts and preparation of Balance Sheet....
by Sinewave Team | Mar 25, 2021 | GST, SMEs, Taxation, Technology
What is GST? Term GST stands for the Goods and Services Tax. GST bill was passed on 6th May 2015 in Lok Sabha. Once the bill is implemented it can give some major advantages to businesses. GST is basically a value-added Tax which is taxed at different check points in...
by Sinewave Team | Mar 9, 2021 | GST, SMEs, Taxation
During the last few months there were several media reports relating to the electronic invoice (‘e-invoice’) in the GST law. The e-invoice system will first be rolled out, on a voluntary basis, from January 1st 2020 for the business houses with an annual turnover of...
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