Blogs

5 effective ways to arm yourself against online frauds

Avoiding the use of public WiFi, shopping only on known and trusted websites of merchants and entities, avoiding clicking buttons on unknown websites, intimating your bank, insurance company in cas...
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GST Customer Care

GST Helpline Phone Numbers By far the most popular way to get in touch with various authorities related to GST is over the phone. You can get help from various relevant government departments ...
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Difference between Form 16 and Form 16A

The due date to issue Form 16 for the FY 2019-20 is 15 August 2020. Also, the due date to issue Form 16A for Q4 of FY 2019-20 is 15 August 2020. 1. What is Form 16? Form 16 is your salary T...
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Impact of GST on Water based products

NIL GST Water and Water-based Products The following products classified as water/water-based products feature nil GST rate:   Water excluding aerated, mineral, purified, disti...
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GST on Cars

Goods and Services Tax (GST) currently applies to most goods and services in India including motor vehicles. GST on cars in India is applicable across multiple slab rates of 5%, 12%, 18% and 28%. T...
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Impact of GST on Gold

Gold especially gold ornaments are one of the very few items that feature GST applicability multiple times and that too at different rates. GST on gold as a good is 3%, while in case of gold jewelr...
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GST on Food

Goods and Services Tax on food services in India can be 5%, 12% or 18% depending on a variety of factors including but not limited to type of establishment and location of restaurant/food serv...
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GST Rates 2020-21 – Complete List of Goods and Services Tax Slabs

GST is perhaps the biggest tax-related reform in India since Independence bringing uniformity in the taxation structure and eliminating the cascading of taxes that was levied in the past. The GST C...
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Frequently Asked Questions (FAQs) on GST

Q1. What are the different GST rates on goods? Ans. Currently five different GST rates are applicable on goods. These are 0.25% (e.g. cut and semi-polished stones), 5% (e.g. household nec...
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GST on Real Estate

At the 33rd GST Council Meeting held on 24th February 2019, new GST rates have been introduced for residential real estate which will come into effect from the 1st of April 2019. The...
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GST rates applicable on Medicines and Medical Supplies

After introduction of GST on pharmaceuticals and medical supplies in India are taxed at four separate rates of Nil, 5%, 12% and 18%. The nil GST on medicines is currently only applicable to human b...
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Everything you need to know about MSME Udyam Registration

The idea behind introducing Udyam Registration was to simplify the procedural format that business owners had to go through to register their business under Micro Small Medium Enterprise or MSME. ...
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Advantages and Benefits of using ChatBot for your business

  A chatbot is an artificial intelligence (AI) software that can simulate a conversation (or a chat) with a user in natural language through messaging applications, websites, mo...
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Goods and Services Tax (GST)

Goods and Services Tax (GST) can be rightfully called as the largest Indirect Taxation Reform of the country since 1947. The history of GST in India goes back to 2006 when the Finance Min...
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Types of GST – What is SGST, CGST & IGST?

Goods and Services Tax (GST) is single comprehensive tax applicable for the entire nation. It has replaced a number of indirect taxes in India, including central excise duty, state V...
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Advantages and Benefits of Filing Income Tax Return on time

1. Easy Loan Approval Filing the ITR will help individuals, when they have to apply fora vehicle loan (2-wheeler or 4-wheeler), House Loan etc. All major banks can ask for a copy of tax return...
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Reasons why companies should outsource their IT services

Immediate benefits can be gained by outsourcing IT services to an agency.   1. Control IT Costs Outsourcing converts fixed IT costs into variable costs and allows you budget effectively...
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Benefits of Fixed Deposits

A fixed deposit is a financial instrument where an investor gives a certain sum of money to a bank or a financial institution (company) and the entity pays interest for the duration of the deposit....
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Benefits of filing ITR even when income is below exemption limit

Even though filing of Income Tax Returns(ITR) is not mandatory for some individuals, there are certain benefits that one can avail of provided the ITR has been filed. There is a section for who do ...
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Benefits of Digital Signature

Saves time You no longer have to wait for your manager to return from a holiday or conference for that signature. Digital signatures ensure that businesses save on cost and time with documents an...
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Advantages and Disadvantages of Private Limited Company

Private Limited Company is the simplest and a very popular form of Business Registration in India. It can be registered with a minimum of two people. Limited liability protection to shareholders, a...
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