Tag Archives: #FinancialReporting

Gst compliance service?

GST Compliance Services GST compliance services refer to the proficient assistance provided by tax consultants, accountants, or specialized firms, aimed at aiding businesses in fulfilling their GST compliance obligations. These services are design to ensure that companies effectively meet all the necessary requirements associated with GST compliance services. These services are designed to help businesses… Read More »

Why TDS certificate required?

TDS Certificate Required TDS certificate required, TDS (Tax Deducted at Source) certificates are vital for providing conclusive proof of tax deduction at the source and play a critical role in enabling various procedures associated with income tax compliance.   The following are key reasons highlighting the importance of TDS certificates: Proof of Tax Deduction: TDS certificates… Read More »

What is gst compliant invoice?

GST Compliant Invoice   GST compliant invoice is an invoice that adheres to the requirements and guidelines established by the Goods and Services Tax (GST) system implemented in a specific country. Good and Service Tax is a value-added tax levied on the supply of goods and services, and it is design to streamline the taxation… Read More »

Where do office expenses go in final accounts?

Office expenses Office expenses are typically classified as operating expenses and are included in the income statement of a company’s final accounts. Operating expenses are the day-to-day expenses incurred in the normal course of business operations, such as rent, utilities, office supplies, and salaries. These expenses subtract from the company’s revenue to arrive at its… Read More »

What is a completed credit note and debit note?

Credit Note and Debit Note   A credit note and debit note are both types of accounting documents used to record transactions between two parties. A completed credit note is a document that is issue by a seller to a buyer when goods or services are return, or when the price of goods or services… Read More »

How to download consolidated TDS compliance report?

How to download consolidated TDS compliance report To obtain a consolidated TDS (Tax Deducted at Source) compliance report, please adhere to the following steps: Visit the official website of TRACES (TDS Reconciliation Analysis and Correction Enabling System). TRACES is an online platform established by the Indian Income Tax Department specifically for TDS-related tasks. Visit the… Read More »

How to do GST compliance?

GST compliance GST compliance pertains to the act of conforming to the guidelines, statutes, and responsibilities established by the Goods and Services Tax (GST) framework implemented within a specific nation It involves fulfilling various legal requirements and obligations related to the registration, filing, payment, and reporting of GST. Key aspects of GST compliance include: GST… Read More »