A Simple Guide on “Tax Deduction at Source” for Small Businesses and Startups

2019-07-12T18:25:07+05:30July 12th, 2019|Compliance|

Tax Deduction at Source often referred to as TDS has successfully been able to haunt early-stage companies in their day to day operations. Many early-stage companies (headcount 1-10) does not enjoy the luxury of a full-time finance/tax consultant who can advise on various payments to be made to consultants/vendors/employees etc. As a result, Auditors (which [...]

How to Issue Convertible Notes to Domestic Investors in India

2019-07-03T16:13:11+05:30July 3rd, 2019|Feature|

The Indian Startup Ecosystem has lately witnessed a new trend of Debt Funding during early-stage operations. Unlike an equity round, there is no requirement of valuation of shares for debt funding. However, there have been many misconceptions doing rounds on debt funding so here I am trying to demystify the challenges and process around debt [...]

Penalties under GST Act

2019-05-10T21:00:57+05:30May 10th, 2019|Compliance|

Penalty  for certain offences Under Section-122 Any person who commits any of the following offences is liable to pay a penalty of - Rs. 10,000 100% of the amount of tax evaded, ITC availed/ passed or distributed wrongly, refunded claim fraudulently, TDS not deducted/deducted but not paid, TDS not collected/ short collected/collected but not [...]

Impact of GST on Small Businesses

2019-05-10T20:41:59+05:30May 10th, 2019|Compliance|

With the introduction of GST a centralized tax system for all the goods and services acr0ss India, it made a huge impact on Indian Economy and especially in Small and Medium Enterprises (SMEs). The main purpose of introducing the GST was to bring every indirect tax on one roof i.e one nation one tax [...]

Business Tax Returns Applicable Under GST

2019-05-04T14:49:23+05:30May 4th, 2019|Help|

  What is a GST Return? Under the GST Act, a registered dealer whose is liable to pay the indirect tax has to create a document containing details of income which the taxpayer is required to file with the tax administrative authorities. This document is used by the tax authority to calculate the tax [...]

How to Collect Online Payments in India?

2019-01-29T00:30:24+05:30January 29th, 2019|Payments|

The Present Scenario of Online Payments Top Online Payment Gateway Providers in India Why is it Important to Implement a Digital Payments Collection Strategy Payment Processing Fee UPI2.0 - The Game Changer The Present Scenario of Online Payments Online payments have witnessed exponential growth in recent times in India. There have been multiple [...]

“How Can I Generate GST Compliant Invoices?” Answered Here!

2019-02-06T10:03:06+05:30January 28th, 2019|Invoicing|

What is an Invoice? What is a GST Complaint Invoice? When do you need to issue a GST Complaint invoice in your business? How to generate a GST compliant invoice? What is an Invoice? By its general definition, an invoice is a document which validates the transfer of ownership of goods or agreement [...]

Frequently Asked Questions on TCS Under GST

2019-01-29T00:42:00+05:30January 8th, 2019|Compliance|

E-commerce Operators and Marketplaces are required to collect TCS at the rate of 1% from October 01, 2018 onwards. Here are some of the most frequently asked questions which were answered by CBIC (Central Board of Indirect Taxes and Customs). As per Section 2(44) of the CGST Act, 2017, electronic [...]

Guide for Freelancers to Manage Cash Flow under GST Regime

2018-12-21T17:39:25+05:30December 21st, 2018|Compliance|

The introduction of Goods and Services Tax regime has propelled a new set of taxpayers viz. Online Sellers and Freelancers. While there is a turnover limit of INR 20 lakhs on GST Registration, E-commerce marketplaces have made it mandatory for online sellers to have a GST registration number for online sellers irrespective of their turnover. [...]

Load More Posts
This website uses cookies and third party services. Ok