The Role of Accounting in Business Growth: Why Accounting is Important
Accounting is crucial for running a business because it helps you track income and expenses, ensures compliance with laws, and provides financial information to investors, management, and the government. This information is essential for making business decisions. Here are three key financial statements generated by your accounting records: Keeping your financial records clean and up-to-date […]
Detailed Look at GST Implications on Sponsorship Services
Introduction In the world of business, Sponsorship Services play a pivotal role in promoting brands, logos, and products. Understanding the Goods and Services Tax (GST) implications on these services is crucial for compliance and efficient tax management. What Are Sponsorship Services? Sponsorship services refer to contractual agreements where a service provider promotes or displays a […]
New GST Portal Feature: Search GST Numbers Using Mobile Numbers
The Government of India has introduced a new update to the Goods and Services Tax (GST) portal, allowing users to search for a GST number using a mobile number. This update aims to enhance the ease of use and improve the verification process of taxpayers. What’s New? Previously, users could search for a GST number […]
Essential Compliance Deadlines: July 2024 – Your Ultimate Guide
Staying on top of tax and regulatory filings is vital for every business. Here’s a detailed, easy-to-follow guide to the key compliance deadlines in July 2024. Mark these dates to ensure you remain compliant and avoid penalties. Key Compliance Dates for July 2024 1st July LLP BEN-2 and Form No. 4D Filing:Make sure to submit […]
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