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New Tax Framework under the Goods and Services Tax (GST). New Tax rates have been finalised for 1,211 items with a majority of items being kept under the 18 per cent slab. Here's a Complete list of GST rate card. Nil rate (0%): No tax will be imposed on items like fresh meat, fish chicken, eggs, milk, butter milk, curd, natural honey, fresh fruits and vegetables, flour, besan, bread, prasad, salt, bindi. Sindoor, stamps, judicial papers, printed books, newspapers, bangles, handloom etc. 5%: Items such as fish fillet, cream, skimmed milk powder, branded paneer, frozen vegetables, coffee, tea, spices, pizza bread, rusk, sabudana, kerosene, coal, medicines, stent, lifeboats will attract tax of 5 percent. 12%: Frozen meat products , butter, cheese, ghee, dry fruits in packaged form, animal fat, sausage, fruit juices, Bhutia, namkeen, Ayurvedic medicines, tooth powder, agarbatti, colouring books, picture books, umbrella, sewing machine, and cellphones will be under 12 per cent tax slab. 18%: Most items are under this tax slab which include flavoured refined sugar, pasta, cornflakes, pastries and cakes, preserved vegetables, jams, sauces, soups, ice cream, instant food mixes, mineral water, tissues, envelopes, tampons, note books, steel products, printed circuits, camera, speakers and monitors. 28%: Chewing gum, molasses, chocolate not containing cocoa, waffles and wafers coated with choclate, pan masala, aerated water, paint, deodorants, shaving creams, after shave, hair shampoo, dye, sunscreen, wallpaper, ceramic tiles, water heater, dishwasher, weighing machine, washing machine, ATM, vending machines, vacuum cleaner, shavers, hair clippers, automobiles, motorcycles, aircraft for personal use, and yachts will attract 28 per cent tax - the highest under GST system.

Tax return preparation is a complicated process. Lacerte and ProSeries Intuit tax software have emerged as a boon for tax preparers. Now these days trend of outsourcing tax preparation tasks to offshore tax experts has become popular.

Cogneesol has emerged as a leading provider of outsourced tax preparation services to business organizations from all over the world. For more information contact us at info@cogneesol.com or call us at +16466882821.

Self assessment tax return is a return filed by an individual to HMRC in order to verify the amount of tax payment. It is basically a system started by HMRC to ensure that the individual is paying the right amount of tax. File your self-assessment tax return with FinacBooks easily and save yourself from fines and penalties of HMRC.

Every business need to prepare their tax return and they need tax software to do so. Selecting the right online tax preparation software for small businesses is not a simple process and many factors are involved in it.

Under GST, a tax invoice is an important document which not only evidences the supply of Goods and Services but also an essential document to avail input tax credit. A registered person can not avail input tax credit if he is not in possession of invoice. Further, GST is chargeable at the time of supply and invoice indicates time of supply as time of supply is the date of issuance of invoice or receipt of payment, whichever is earlier. Thus adequately we can say that Tax invoice is principal document evidencing the supply and important to avail input tax credit. It is seller's duty to provide the bill to the purchaser whether the purchaser is GST registered or not. For further information, visit us at LegalWiz.in or contact our experts at 1800 313 4151

GST is basically an indirect tax substituted by a variety of indirect taxes in India. GST is a tax levied on products and services. It was actually passed on March 29, 2017, in Parliament, but the act came into force in India on July 1, 2017. GST is defined as the sales tax that requires businesspeople whose annual turnover exceeds Rs. 40 lakhs to register as a taxable person. The regulations apply to anyone purchasing the same goods and services priced in India. I have been visiting the BTHAWK website for my various new projects for the last 10 months to get GSTIN (Goods Service Tax Identification Number) numbers.

No small or medium sized enterprise owner needs to be told that Australia's tax system is complex. In fact, some people would probably go a little further and describe it as something more akin to Frankenstein's monster, with two thousand page tax acts, dozens of regulations and hundreds of interpretive documents.

No small or medium sized enterprise owner needs to be told that Australia's tax system is complex. In fact, some people would probably go a little further and describe it as something more akin to Frankenstein's monster, with two thousand page tax acts, dozens of regulations and hundreds of interpretive documents.

In case you wish to open a Partnership firm, one should first know that there are two type of partnership firm: 1) Registered Partnership Firm and 2) An Unregistered Partnership Firm. Both of them are simple form of business with minimum compliance. To start an Unregistered Partnership Firm, the process is very simple one need to draft the partnership agreement including all such activities of business, right and liabilities of the partners and many more clauses as per need. Once the deed is drafted one needs to apply for a PAN of the firm and open a current bank account in the name of the firm, afterwards the business can be started easily. To carry on business as a Registered Partnership Firm the process will remain same but the only difference is partner's needs to register their partnership firm with the REGISTRAR OF FIRMS of their concerned state. This type of firm has an advantage that firm can sue anybody in case of any discrepancy with any other person or among the partners. If the firm is not registered one needs to solve the matter out of the court with the help of Arbitrator or mediator. Further, a flat rate of 30% tax is levied as Income Tax on both type of partnership firm and any other tax is levied as applicable based on the limits as provided. To establish the partnership firm in India, get in touch with experts at 1800 313 4151 or visit us at http://www.legalwiz.in/partnersh...

Diel & Forguson LLC is a full service financial firm: Personal and Business Tax Returns, Accounting Services, Payroll Services, Audits, Wealth Management Services, Personal Financial Planning and Valuations.

Diel & Forguson LLC is a full service financial firm: Personal and Business Tax Returns, Accounting Services, Payroll Services, Audits, Wealth Management Services, Personal Financial Planning and Valuations.

Business owners most of the time feel the need of an accountant at the time of tax filing. But do you an accountant can add more value to your business. In this competitive world, it's very important for a business owner to maintain a cordial relationship with his accountant as he/she can advise or suggest ideas on product pricing, negotiation, investment etc. So. let's dig on the key role & responsibilities of an accountant in business growth: 1- Helps in in-depth business analysis 2- Helps in getting more revenue 3- In understanding business health scenario 4- Getting updated with recent tax laws & regulations 5- To save money on costs & expenses 6- Helps in tax preparation & business planning

Every person who is liable to pay tax in accordance with the provisions and fails to pay such tax shall pay interest on default amount. Further, a taxable person who makes an undue or excess claim of input tax credit shall pay interest on such undue or excess claims.

It's just about time again to fill out those dreaded tax forms. Especially for those of you that feel like you are tax zeros, Adam Ginsberg shares some practical advice worth reading before filling your taxes this year.

In recent times, one of the most fundamental pieces of tax that supports owning property as an investment, negative gearing, has been a topic of conversation in government and policy circles.

In recent times, one of the most fundamental pieces of tax that supports owning property as an investment, negative gearing, has been a topic of conversation in government and policy circles.

"what do you need to know about this budget measure?"

"what do you need to know about this budget measure?"

You might wish to create passive income to take advantage of passive losses & you might wish to engage in year-end tax planning. Additionally, at Cambridge Capital Management offices in O' Fallon, IL

QuickBooks has been the industry standard in accounting software for over 15 years. When used properly, QuickBooks® can simplify and streamline bookkeeping and accounting for businesses.  It is an efficient tax and accounting software program, but only if you understand all the features.

Diel & Forguson LLC is a full service financial firm: Personal and Business Tax Returns, Accounting Services, Payroll Services, Audits, Wealth Management Services, Personal Financial Planning and Valuations.

Tariff - an imposed duty or tax by the government on the imported as well as exported goods

Tariff - an imposed duty or tax by the government on the imported as well as exported goods

You should have best planning, proper documentation and calculation of Indian custom duty in order to avoid any issue in transit of products across the borders. Seair Exim Solution is best platform where you can check for the best organization that deals with Indian custom duty facts and figures. You need to pay actual charges for their service that will be very fruitful in easing your life. You can search custom import duty of any products like mobile, rice, paper, inorganic chemicals and more .

Indian Custom Duty is an indirect tax executed on every product imported in India and exported from India. Everyone who is in the business international trade must pay this tax for every importation or exportation of products.

We at SEAIR Exim Solutions assist our thousands of Indian clients to understand the calculation of custom tax imposed on their products. Custom Duty is one of a major source of national revenue of India. It is a tax which is required to be paid by every importer and exporter in India.