A Complete Guide Documents Required for GST Registration of Proprietorship

The state can more easily identify indirect taxpayers and guarantee tax compliance across the economy thanks to GST registration. Any business organisation that wishes to collect taxes on behalf of the government and/or claim input tax credit for taxes paid on imported goods must register under the GST law in order to receive a special number from the appropriate tax authorities. A business owner who conducts business in many states…

GST Filing Made Easy: Several Ways to Get It Done Right

In an ideal world, a GST return would be a legally recognised document that included all information regarding sales tax collected from sales and tax paid on purchases. The GST return must be submitted before the taxpayer can settle their tax debt. Easy Ways To Get The GST Fillings Right Here are a few easy methods to complete your GS filings correctly in one go: Get Your Business Computer Rest…

Impact of GST on the Automobile Sector in a Post – Pandemic World

The automobile sector is one of the most important and fastest-growing industries contributing significantly to the Indian economy. Any reforms and initiatives made by the Indian Govt. has direct implications on the automobile sector and eventually on the end-users. The outburst of the Covid pandemic in 2019 brought about massive changes all around the world and the Indian automobile sector is no exception to it. The pandemic has resulted in…

Tax Deductions for small business Owners – Complete List

The most feasible way to lower the income tax bill is to ensure claiming all the tax deductions available to the entrepreneurs. Tax planning is a very integral part of running a business. A considerable amount of money can be saved every year through proper tax planning. Changing the tax season from a less than exciting time of the year to incentivizing the year and making tax filing more bearable…

What is Bonafide Certificate? – All Facts You Need To Know

We've all needed a Bonafide certificate at some point in our lives. Whether we are going to a foreign university or applying for a Visa, a Bonafide certificate acts as proof that we were formerly a member of some institution..  When we look for a job job or want to study for our master's degree abroad, we must show that we have previously studied or employed. This is where a…

How To Choose An Effective Company Name? [Guide]

The biggest challenge that one faces while deciding to open an enterprise is how to choose a company name? Choosing the correct name for your firm can have a big influence on its success. If by chance you end up choosing a name that fails to connect with the customers, it can have negative repercussions on your business and bigger problems like insurmountable commercial and legal obstacles.  Thus, it is…

TDS Calculation on Purchase – Detailed Analysis [Dailyfiling]

TDS or Tax Deducted at Source is the amount deducted while making a payment by an individual or a company. The introduction of the Finance Act, 2021, brought some major changes to the Income Tax Law that came into effect relating to Tax Deducted at Source (TDS) or Tax Collected at Source (TCS). This is in relation to the sale-purchase of goods, pension income of eligible senior citizens, and accelerated…

Understand Reverse Charge Mechanism or RCM in GST – dailyfiling

As you know, the Goods and Services Tax (GST) is levied on both goods and services and is a kind of indirect tax imposed on an individual or a company placed on the ultimate consumption of goods and services.  In general, the seller of goods or services is obligated to pay the GST as per the GST Act. However, in some instances, such as imports and other declared supplies, the…

What is Trademark Registration? How is it done?

To understand Trademark registration, let's take this hypothetical example in which you are starting a new brand. Building a brand involves a significant amount of time and effort. The brand of a company holds the potential for growth, profitability, and future prospects of its business.  Just imagine what will happen if someone tries to steal your business identity, brand name, logo, and everything associated with your business and tries to…

How to change name legally in India? – Complete Guide

Some of you might wonder why would anybody want to change their name legally? After all, there is a power and effect of a name. Also, the majority would say what’s in a name? But for many significant others, it is an equally important thing triggering their self-esteem and confidence.  On the other hand, there are some people who are bullied because of their names. Well, personally I agree to…

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