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Everything You Need to Know about GST Annual Return Filing

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Goods and Services Tax (GST) is a comprehensive indirect tax that has replaced multiple indirect taxes in India. Every registered person under GST is required to file an annual return in addition to regular monthly or quarterly returns. In this article, we will provide you with everything you need to know about GST annual return filing. What is GST Annual Return? GST Annual Return is a return that every registered person under GST must file annually. It includes details of all transactions made during the financial year such as sales, purchases, input tax credit, and output tax liability. The GST Annual Return is filed in form GSTR-9. Who Needs to File GST Annual Return? Every registered person under GST who has a turnover of more than Rs. 2 crores in a financial year is required to file the GST Annual Return. It is mandatory for all taxpayers except those who have opted for the Composition Scheme, Input Service Distributor (ISD), Non-Resident Taxable Person, or Casual Taxable Person....
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How to obtain ETA Certificate from WPC department?

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 If you are looking to import or manufacture wireless devices in India, one of the essential requirements is obtaining an Equipment Type Approval (ETA) certificate from the Wireless Planning & Coordination (WPC) department of the Ministry of Communications. The ETA certificate ensures that the device complies with the technical standards and regulations set by the WPC C ertification   for wireless communication equipment. The WPC is the national radio regulatory authority responsible for managing and regulating the frequency spectrum in India. The ETA certificate is mandatory for all wireless devices that operate on a frequency range of 9 kHz to 400 GHz, including mobile phones, laptops, Bluetooth devices, Wi-Fi routers, and other wireless communication equipment. Process of obtaining an Equipment Type Approval (ETA) certificate The process of obtaining an Equipment Type Approval (ETA) certificate from the Wireless Planning & Coordination (WPC) department for a wireles...
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Reassessment Under Section 147 of the Income Tax Act & Section 148

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 If the income tax authorities are of the opinion that any income of the assessee has not been disclosed or has escaped assessment, then they can initiate income escaping assessment proceedings under Section 147 of income tax act. This is also known as a reassessment. Section 147 to 153 of the Income Tax Act, 1961 primarily governs the reassessment proceedings. However, in the past 2 years, the reassessment provisions have undergone significant changes.  When an assessee is issued a reassessment notice, it is his right to determine whether the notice is valid or not. But when can an AO issue a reassessment notice and what are his powers? Let’s see that under Sections 147 and sec 148 of income tax act .  Section 147 – Power of Reassessment Section 147 of income tax act gives power to the assessing officer (AO) to assess or reassess any income that has escaped assessment in any assessment year. Further, the assessing officer can recompute loss, depreciation allowance or an...
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How Outsourcing Payroll and HR Services Help Business?

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Outsourcing payroll and HR services help businesses by taking on the responsibility of managing employee records, calculating taxes, and processing payments. This allows businesses to focus on their core competencies and frees up time and resources that can be better spent on other areas of the business.  There are many benefits of outsourcing payroll and HR services, including cost savings, improved efficiency, and access to expert knowledge. However, it is critical to select a renowned and dependable service who can satisfy your specific requirements. In this article, we will discuss the benefits of outsourcing payroll and HR services and how to choose the right provider for your business. What are some benefits of outsourcing payroll and HR services? There are many benefits of outsourcing your payroll and HR services to professional and experienced company. By outsourcing these services, businesses can save money, time, and resources of hiring an inhouse team. They can also avoi...
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Location: India
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What are the eligibility criteria for obtaining FCRA Registration?

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The Foreign Contribution Regulation Act, 2010 (FCRA) regulates the acceptance and utilization of foreign contribution by certain individuals or associations. It is a central legislation that was enacted with the objective of preventing the use of foreign contribution for any activities detrimental to the national interest.  Under the FCRA, all associations which desire to receive foreign contribution are required to obtain prior registration or prior permission from the Central Government. The registration is valid for a period of 5 years and can be further renewed after 5 years.  The FCRA registration is a simple and straightforward process. In this article, we will look at the eligibility criteria for obtaining FCRA registration, the FCRA registration fees, and the FCRA registration process. What is FCRA registration? The Foreign Contribution Regulation Act or FCRA is a set of regulations that govern the receiving and utilization of foreign contributions by religious, educa...
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Location: India
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