Manage Your Business Archives - eFiling India Blog

Why your business needs bookkeeping services?

By AdminPosted on April 10, 2020April 10, 2020Posted in Accounting & Book KeepingTagged Accounting, Compliance, Manage Your BusinessNo Comments

A startup is an organization that is under control of one or more entrepreneurs and aims at bringing a new product or service to the market. In most cases, founders fund initially for setting up a startup. They invest a substantial amount of time and money in research. Mostly, young entrepreneurs are involved in the […]

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Comparison between GSTR-1 and GSTR-3B

By AdminPosted on April 10, 2020April 10, 2020Posted in GSTTagged Government & Tax Registrations, GST, GST-3B, GST-R1, Manage Your Business, TaxationNo Comments

Every dealer registered under GST has to file monthly and quarterly GST Returns. These returns are required to collect information from registered dealers and pass on the Input Tax Credit. In this article, we shall be discussing the comparison between GSTR-1 and GSTR-3B returns in detail. What is GSTR-1 and GSTR-3B? GSTR-1 is a monthly or […]

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Keep in mind before opting for Voluntary GST registration

By AdminPosted on April 10, 2020April 10, 2020Posted in GSTTagged GST, GST Registration, Manage Your Business, Taxation, Voluntary GST RegistrationNo Comments

Goods and services tax is a single, consumption-based tax applicable on sale, manufacturing, and trade of goods and services. A business exceeding the turnover of Rs 20 lakh in a financial year (Rs 10 lakh for North Eastern and hill states) is eligible to get GST registration. Many businesses opt for voluntary GST registration in India […]

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What is GST credit and how to avail it?

By AdminPosted on April 10, 2020April 10, 2020Posted in GSTTagged Accounting, Compliance, Goods and Service Tax, Government Registrations, GST, Manage Your Business, TaxationNo Comments

GST Credit is commonly known as Input Tax Credit (ITC), is the credit of ‘input tax’ paid by a person for the use of goods or services or both in the course or furtherance of business. ‘Input tax’ here means: Central GST, State GST, Integrated GST, Union Territory GST charged on supply of goods and/or services but […]

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