Taxation
Goods & Service Tax Registration
The Goods and Services Tax Network offers IT infrastructure and services for the GST. It is important in the hunt for GST taxpayers. GST is a single tax that is applied to the supply of goods and services from the point of manufacture to the final consumer. The GST is effectively a tax only on value addition at each level because credits of input taxes paid at each stage will be available in the following stage of value addition. Thus, with set-off advantages at all earlier stages, the ultimate consumer will only be responsible for paying the GST that the last dealer in the supply chain charged.
GST Filings
The strategy aims to become your company GST compliant by having you file your GST returns each month. One of the most popular packages under the GST regime for help filing GST Returns is this one. Businesses that have registered for GST are required to submit GST returns on a monthly, quarterly, or annual basis, depending on their particular industry. Here, information on the sales or purchases of goods and services is required, as well as information about the tax that was collected and paid.
GST Advisory
We also provide guidance on all GST-related issues, such as the application of the law, classification, valuation, GST compliance procedures, representations, GST Technology Software, etc. Businesses today need a professional advisor who can guide them through this process in addition to a reliable tax technology solution for processing their GST returns and GST advisory matters.
Professional Tax Registration
Tax on income received by employees or self-employed individuals is known as professional tax. Only eight states in India currently impose professional tax, a state-level tax. With ClearTax, register your entity for professional tax. Within 30 days after hiring workers for a business or, in the case of professionals, hiring specialists, professional tax registration is required. The amount of the wages or salaries paid must be deducted from the professional tax.
TDS Return
Utilize the ClearTax platform to file TDS returns. Simply upload your documents to the document locker to have Chartered Accountants file your TDS returns. To decrease the possibility of problems in your TDS returns, we also perform bulk Auto-PAN verification. After filing your return, you can also download your TDS certifications.
PF Registration
All businesses that employ 20 people or more are required to register with the PF. In order to avoid penalties, the employer must register the PF within one month of reaching the required strength. Even if the number of employees falls below the necessary threshold, a registered establishment remains subject to the Act’s authority.
ESI Registration
The Government of India launched the Employee State Insurance (ESI) programme to provide workers with financial, medical, and other benefits. The Ministry of Labour and Employment has power over the independent entity Employee State Insurance Corporation, which manages ESI.
Income Tax Return
A document called an income tax return is used to submit data to the income tax department concerning your earnings and taxes. A taxpayer’s tax burden is determined by factoring in their income. If the return reveals that too much tax was paid in a given year, the taxpayer will be entitled to an income tax refund from the Income Tax Department. A person or corporation that receives any income during a financial year is required by law to file a return each year.