This was the Government of India’s way to relax the requirements from the businesses that have recently transitioned to GST. Small taxpayers with an aggregated turnover of less than 5 crores can file GSTR-3B on a quarterly basis. The tax liability will then be auto-populated from GSTR-3B...
Private Limited Company:This is themost common business structure in Singapore, offering limited liability protection to shareholdersand allowing for greater flexibility and scalability. It should have no more than 50 shareholders, as stated under the Singapore Companies Act. Should there be...
While there are different flavors of legal structures, choosing which one will best serve your needs is based on multiple factors, such as how much personal liability you want to have, taxes and business registration requirements. For example, a sole proprietorship is the easiest to file, but ...
How to legally start an import and export business in India? Private limited companies and limited liability partnerships (LLP) are great organisational structures for export businesses. To international customers, private limited companies or LLPs present a solid brand image. Along with giving stakehol...
Step 1: Logging in to the GST Portal Access thewww.gst.gov.inURL. The GST home page will be displayed. Here, you will have to log in to the GST Portal with valid credentials. Step 2: Accessing the Returns Dashboard Click on the Services > Returns > Returns Dashboard option. ...
Make sure to real-time check the important factor needed in real-time. Mandatory Information Full name and Address of the service provider Date of issue of the invoice Description of Goods & Services Applicable tax rates Gross Total Amount VAT Identification number or GST number Unique, ...
Next on your list should be working out the insurances you need to operate. Compulsory insurance requirements will differ from state to state depending on your trade, but usually the most important insurance for tradesmen is public liability, which protects you and your business if you’re sued...
Input Tax Credit is the soul of GST. The reason behind the same is that, in the GST era, businesses will be allowed avail ITC across the state's borders and can be used to meet the output tax liability. This requires businesses to attach extra care towards input tax calculation. Availin...
Everything you need to prepare and file your annual small business tax returns - from tax brackets to tax forms and deductions - on your own or via an accountant.
This describes the online payment process for one-off payments using US dollars in the US. If you want to expand on an international scale, you may need to find a bank partner and set up relationships at the local level. Or, if you introduce a new product and want to start charging cu...