Goods & Services Tax (GST) launched on 1st JULY, 2017. It has absorbed many State and Central taxes like: Service Tax, Excise Duty, CST, Entertainment Tax, Luxury Tax, Octroi, VAT. GST is now “One Nation One Tax”. It applies to all Indian service providers, traders, wholesalers and manufacturers. GST is applicable on all goods and services except Petroleum products as of now. Goods & Services Tax (GST) registration is whole online process and requires no manual intervention. You want det...

A company that specializes in accounting services for clients. That is an accounting firm may handle a client's payroll, accounts receivable and accounts payable, taxes, and/or any number of other services. Many accounting firms also offer auditing or advisory services. But there is one accounting firm name Lakshmi Associates who provides every services related to accounting such as accounting, auditing, business registrations, income tax, TDS, GST etc. Since Lakshmi Associates is not only accou...

Goods and Services Tax The Goods and Services Tax (GST) is a value-added tax levied on most goods and services that is sold for domestic consumption. The GST is paid by consumers, but it is remitted to the government by the businesses that are selling the goods and services. GST is a major source of revenue for the government. Online GST Registration is a crucial step taken by taxpayers to ensure timely payment of taxes. Types of Goods and Services Tax GST are majorly categorized into four ty...

There are various obligations that a company must fulfill to be able to function in a country and remain within the legal framework. Filing of returns for tax and paying the tax are very important responsibilities for every company. They must not be careless about this because that can get the company penalized severely. However, it is not easy for small and medium companies to complete all their tax obligations themselves because it will need the support of experts. Various companies are offeri...

All you need to know about GST Registration GST Registration is applicable on all goods and services except Petroleum products as of now. GST (Goods & Service Tax) is a consolidated tax, which essentially means that State and Central Indirect taxes have been merged. Entire country now operates under a uniform tax system. It now replaces service tax, excise, VAT, entertainment tax, luxury tax, octroi, CST etc. GST Registration Process in India is completely online. It requires no manual int...