Group items tagged

Every business firm needs to file an annual document declaring its net profits and various taxes paid on purchase, sales, paid tax on each and every product sold, and purchased. GST return filing is the document to file your tax returns for the financial year. This document is a mandatory requirement for all business owners; they have to file it according to their business and transactions. But first, all the businesses need to get registered under the GST system. However, those businesses whose turnover is below the limit of Rs 40 Lakh don't require filing GST returns and also the same goes for businesses in the northeastern and hilly regions with a turnover below Rs 20 Lakh.

Discover everything you need to know about Form 16A, from its importance and types of payments attracting TDS to how to download, fill out, and verify it.

Understand the difference between bookkeeping and accounting, crucial for effective financial management and decision-making.