Indirect Tax - GST Services

19/07/2021

GST Registration in 500/-

19/03/2021

Required accounts person with experience in Tally ERP.9 (Inventory management) - Job location Sealdha. (Salary 10k)

Call- 7602442797 if interest

28/01/2021

If your Turnover is upto Rs 5 Crores, you have to choose anyone between QRMP and Regular Scheme.

We wish to bring your attention to a simple yet quite effective change you can bring by using an option given by the Department. Also, you have to make that decision before the 31st of January.

If your Turnover is upto Rs 5 Crores, you can opt for Quarterly Return Monthly Scheme (QRMP) instead of the Regular Monthly Scheme as per the choice given by the Department.

We suggest using the regular scheme from what we have experienced with many of our customers and associates.

These are the top reasons:

You have to give the details of the sales every month either in GSTR 1 and Invoice Furnishing Facility (IFF), so you might as well file the Return.
You have to make Tax payments every month, whether it is the case of GSTR 3B or the PMT 06.
If you do these in the Regular scheme, you will face no reconciliation issues at the end of 3 months.

However, many businesses feel that the QRMP option is more convenient; we respect their decision and are sure that you will be making the decision considering all the factors involved in your Business.

But make sure to make the decision Today, as 31st January is the last date for making the decision and intimidating the Department.

If you have any doubts about the options given by the Department, or anything related to GST,

Contact us, and we will ensure to resolve your doubts and give a solution that makes sure you won't have to face any GST problem in the future!!!

22/01/2021

Required virtual address anywhere in Hooghly.... We will not use the place... We will use only the address for GST registration.... You will get Monthly 1500/- for rent agreement... If interested please comment with yes..

28/11/2020

Required loan against Property... In Dankuni, Hooghly

18/11/2020

As per Rule 138E (a) & (b) of the CGST Rules, 2017, blocking of EWB generation will be started from 01.12.2020.

03/11/2020

Please support us by giving feedback on below link..

Rated 4.8/5. 6 Ratings & Reviews. 6 Photos. Get Address, Contact Number, Photos, Maps of SKB Associates & Co, Kalachara Serampore, hooghly on Justdial.

13/09/2020

Benefits of MSME Registration
1. Bank Loans (Collateral Free) The Government of India has made collateral-free credit available to all small and micro business sectors. This initiative guarantees funds to micro and small sector enterprises. Under this scheme, both the old as well as the new enterprises can claim the benefits. A trust named The Credit Guarantee Trust Fund Scheme was introduced by the GOI(Government Of India), SIDBI(Small Industries Development Bank Of India) and the Ministry of Micro, Small and Medium Enterprise to make sure this scheme is implemented (Credit Guarantee Scheme) for all Micro and Small Enterprise.
2. Subsidy on Patent Registration A hefty 50% subsidy is given to the Enterprise that has the certificate of registration granted by MSME. This subsidy can be availed for patent registration by giving application to respective ministry.
3. Overdraft Interest Rate Exemption Businesses or enterprises registered under MSME can avail a benefit of 1% on the Over Draft as mentioned in a scheme that differs from bank to bank.
4. Industrial Promotion Subsidy Eligibility Enterprises registered under MSME are also eligible for a subsidy for Industrial Promotion as suggested by the Government.
5. Protection against Payments (Delayed Payments) At times, the buyers of services or products from the MSME’s or SSIs tend to delay the payment. The Ministry of Micro, Small and Medium Enterprise lend a helping hand to such enterprises by giving them the right to collect interest on the payments that are delayed from the buyer’s side. The settlement of such disputes must be done in minimum time through conciliation and arbitration. In case, if any MSME registered enterprise supplies any goods or services to a buyer then the buyer is required to make the payment on or before the agreed date of payment or within 15 days from the day they had accepted the goods and services from MSME or SCI registered business( if there is no mention of the date of payment). If the buyer delays the payment for more than 45 days after accepting the products or services then the buyer has to pay compound interest along with interests (monthly) on the amount that was agreed to be paid. The interest rate is three times the rate that is notified by the Reserve Bank of India.
6. Fewer Electricity Bills This concession is available to all the Enterprises that have the MSME Registration Certificate by providing an application to the department of the electricity along with the certificate of registration by MSME.
7. ISO Certification Charges Reimbursement The registered MSME enterprises can claim the reimbursement of the expenses that were spent for the ISO certification.

01/09/2020

Date for filing of annual GSTR-4 for financial year 2019-20 has been extended to 31st of October, 2020.

18/08/2020

8 GST Deadlines that ends on 31st August 2020

1. GSTR-4 (2019-20): GSTR-4 is an annually form to be filed by composition dealer. 31st August, 2020 is the last date for filing of GSTR-4 for financial year 2019-20. Notification No. 59/2020 dated 13.07.2020

2. ITC 04: ITC-04 is related to job worker and submitted by the principal every quarter. It is furnished on or before 25th day of the month succeeding the quarter. Last date of ITC 04 of the 4th quarter of 2019-20 and first quarter of 2020-21 is 31st August, 2020. Notification No. 55/2020 dated 27.06.2020

3. GSTR-5: GSTR-5 is submitted by Non- Resident taxable person. The due date of GSTR-5 is earlier of the followings:As per Notification No. 55/2020 dated 27.06.2020, due date for GSTR-5 for the month of March 2020 to July 2020 is extended to 31st August, 2020.

4. GSTR-5A: GSTR-5A is submitted by the OIDAR service providers. GSTR-5A is furnished on or before within 20 days after the end of the month. As per Notification No. 55/2020 dated 27.06.2020, due date for GSTR-5A for the month of March 2020 to July 2020 is extended to 31st August, 2020.

5. GSTR-6: GSTR-6 is filed by input service distributors (ISD). It is filed within 13 days from the end of the month. As per Notification No. 55/2020 dated 27.06.2020, due date for GSTR-6 for the month of March 2020 to July 2020 is extended to 31st August, 2020. The details of invoices on which credit has been received and details of tax invoices issued by ISD to be furnished in the GSTR-6.

6. GSTR-7: GSTR-7 is to be filed by TDS deductor. It is furnished within 10 days after the end of the month in which tax has been deducted at source. As per Notification No. 55/2020 dated 27.06.2020, due date for GSTR-7 for the month of March 2020 to July 2020 is extended to 31st August, 2020.

7. GSTR-8: GSTR-8 is submitted by E-commerce operator who collects tax at source under the section 52. It is furnished within 10 days after the end of the month in which collection of tax at source is made. As per Notification No. 55/2020 dated 27.06.2020, due date for GSTR- 8 for the month of March 2020 to July 2020 is extended to 31st August, 2020.

8. Letter of Undertaking (LUT): Due date for filing of LUT for the financial year 2020-21 is extended to 31st August, 2020 as per Notification No. 55/2020 dated 27.06.2020. Letter of Undertaking (LUT) is a document that exporters can file to export goods or services without having to pay taxes. Any registered person can furnish LUT in form GST RFD 11 and export goods without the payment of integrated tax.

15/08/2020

Happy Independence Day.....