GST tax collection authority GST tax collection authority, In the realm of Goods and Services Tax (GST) in India, a tax collector denotes an individual or entity entrusted with the task of gathering and remitting GST payments to the government for the purpose of GST tax collection authority. The following entities are typically… Read More »
Eligibility for GST registration Eligibility for GST registration, GST (Goods and Services Tax) registration in India is required for various entities involved in the supply of goods or services. The following individuals or entities are typically require to take GST registration: Regular Taxpayers: Businesses with an annual aggregate turnover exceeding the prescribed threshold limit… Read More »
Income Tax filing The requirement to file an ITR depends on various factors, including the individual’s income level, residential status, and specific conditions outlined in the Income Tax Act, 1961. 1.Income Threshold: Individuals with a total income exceeding the prescribed threshold are generally require to file an ITR. The income threshold varies based on… Read More »
Tan vs. GST TAN (Tax Deduction and Collection Account Number) vs and GST (Goods and Services Tax) are two different tax-related identification numbers used in India. Here are the key differences between Tan vs. GST: Purpose: TAN: TAN is a unique identification number assigned to entities responsible for deducting or collecting tax at… Read More »
Business License Management Business license management refers to the process of obtaining, renewing, and maintaining the necessary licenses and permits required for operating a business. Effective license management ensures compliance with local, state, and federal regulations, mitigates legal and financial risks, and helps businesses operate legally and smoothly. Here are some key aspects of… Read More »
Business license compliance Business license compliance, refers to adhering to the laws, regulations, and requirements associated with obtaining and maintaining a business license. It involves ensuring that your business operates in accordance with the conditions and obligations set forth by the licensing authority. Here are some key aspects of business license compliance: Renewal:… Read More »
Tax Registration Number To acquire the PAN (Permanent Account Number) using a GST (Goods and Services Tax) Tax Registration Number number in India, please adhere to the subsequent instructions: 1. Visit the official GST portal: Go to the Goods and Services Tax (GST) portal website of India at www.gst.gov.in. 2. Click on “Search Taxpayer”:… Read More »
Registration vs license Business registration and a business license are two separate processes that are often required for operating a legal business. Here’s the difference between the two: Business Registration: Business registration is the process of officially establishing a business entity with the relevant government authorities. It involves providing information about the business, its owners,… Read More »
Importance of business license Importance of business license, A business license is important for several reasons: Legitimacy and Compliance: A business license provides legal recognition to your business and demonstrates that you are operating within the laws and regulations of your jurisdiction. It helps establish your business as a legitimate entity and can enhance… Read More »
Finding PAN in GSTIN Finding PAN in GSTIN, The PAN (Permanent Account Number) is not directly embedded within the GST (Goods and Services Tax) number. However, the PAN number is used as a basis for generating the GSTIN (GST Identification Number). In the GSTIN, the PAN number is included as part of the structure. For… Read More »
