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What is CGTMSE?

What is CGTMSE?

The first generation entrepreneurs, Micro and Small Enterprises (MSEs) do not have sufficient funds to finance their business and face the challenge of providing collateral security to the banks for extending credit facilities.

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Are you availing wrong GST credit? It may result into Interest/Penalty Blocked Credits under Section 17(5) GST Act

Are you availing wrong GST credit? It may result into Interest/Penalty Blocked Credits under Section 17(5) GST Act

Every supply of goods and services on which GST has been paid are not eligible for input credit set off against output GST liability. Those input GST you can't claim is called Blocked Input Tax Credit.

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Traditional Accounting or Cloud based Accounting Which is better for your Business? Why?

Traditional Accounting or Cloud based Accounting Which is better for your Business? Why?

The Accounting methods have been evolving and improving day by day. Right from the times of manual accounting which was maintained in a handwritten bookkeeping process, then came simple DOS based accounting softwares like Marg, Profit, Tally, Miracle, T.fat, Saral, Udyog, Busy which has a very simple interface and simple process which made accountants' life easier.

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Provisions of section 194IB regarding TDS on payment of rent exceeding Rs. 50,000 per month by individual or a HUF who are not covered underTax Audit

Provisions of section 194IB regarding TDS on payment of rent exceeding Rs. 50,000 per month by individual or a HUF who are not covered underTax Audit

Effective 1st June 2017, section-194IB was introduced in the income tax act, 1961, by Finance Bill, 2017 to cover Rent payment in excess of Rs. 50,000 per month by Individuals or HUFs (Hindu Undivided Family) (not covered under Tax audit) to a resident under TDS deduction.

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