Charitable organizations are an essential segment of our society, providing much-needed services and support in numerous areas. However, like any other business or organization, charities also have tax obligations. One such obligation is the Goods and Services Tax (GST) filing. This article provides a step-by-step guide on how charitable organizations can file GST.
Mutual Funds are one of the most popular investment options in India. But, did you know that investing in Mutual Funds can also provide tax benefits? Yes, you heard it right. Investing in certain types of Mutual Funds can help you save on taxes. Here, in this article, we will delve into the tax benefits of investing in Mutual Funds in India.
One of the key reforms introduced in India's taxation system with the implementation of Goods and Service Tax (GST) is the E-way bill. An E-way bill is an electronic waybill for movement of goods to be generated on the GST portal. This article will guide you through the process of generating and submitting E-way bills during GST filing.
The GST (Goods and Services Tax) Annual Return, otherwise known as GSTR-9, is a document that every registered business under the GST law must submit. It is a comprehensive form that consolidates all the monthly or quarterly returns (GSTR-1, GSTR-2A, GSTR-3B) filled by the taxpayers throughout the year. Here is a simple guide to understanding the GST annual return filing process.
Introduced in July 2017, the Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax that replaced several indirect taxes in India. GST registration is mandatory for businesses with annual turnover exceeding Rs 40 lakhs. For businesses in the North Eastern states, the threshold is Rs 10 lakhs. However, small businesses can also voluntarily opt for GST registration. Here, we explore the pros and cons of GST registration for small businesses.