Find Latest GST Rates for All Goods & Services | Indiafilings
Under GST, all goods and services transacted in India are classified under the HSN code system or SAC Code system. Goods are classified under HSN Code and services are classified under SAC Code. Based on the HSN or SAC code, GST rates have been fixed in five slabs, namely NIL, 5%, 12%, 18% and 28%
Section 194JB of Income Tax Act Decoded! - IndiaFilings
Oct 17, 2024 · Conclusion Section 194JB of Income Tax Act is a crucial provision for businesses and individuals dealing with professional services. By mandating the Tax Deducted at Source (TDS) deduction, this section helps prevent tax evasion, ensure accurate tax reporting, and avoid penalties for non-compliance.
Free Rental Agreement Format Template - IndiaFilings
Updated on: April 3rd, 2024 12:00 AM Rental Agreement Online - Format & Templates A rental or tenancy agreement is a legal document that lays out the prescribed terms and conditions under which the rented property is leased out, which are to be followed by the landlord and the tenant.
Step-by-Step Guide to GST Registration for Businesses - IndiaFilings
Updated on: July 16th, 2024 12:00 AM Step-by-Step Guide to GST Registration for Businesses GST registration is a crucial requirement for businesses operating in India. If your business turnover exceeds the specified threshold limits or falls under any specific categories mandating GST registration, you must complete the registration process to comply with the GST laws.
Indian Accounting Standards (Ind AS): Applicability, & List
Oct 21, 2024 · MCA Notification on Companies (Indian Accounting Standards) Second Amendment Rules, 2024 On September 9, 2024, the MCA published the Companies (Indian Accounting Standards) Second Amendment Rules, 2024, introducing significant changes to the Indian Accounting Standards (IndAS) framework. These amendments, made under the …
Letter of Authorization for GST - IndiaFilings
Updated on: August 29th, 2024 12:00 AM Letter of Authorization for GST A Letter of Authorization for GST is a critical legal document that designates an individual to manage GST-related matters on behalf of a business. This document facilitates the delegation of responsibilities like filing GST returns and responding to GST notices and ensures that the business remains compliant with …
What is a private limited company India? - IndiaFilings
Oct 14, 2024 · Name of the Firm: The name of the PVT company must end with the words "Private Limited." Share Capital: A private limited company must have a minimum paid-up capital of Rs.1 lakh or a higher amount as prescribed. Restrictions on Transfer of Shares: The right to transfer shares in a private limited company is restricted.Shares can only be transferred with …
Internal Audit Applicability Under Companies Act, 2013
May 16, 2024 · What is the Role of an Internal Auditor? The following roles and responsibilities are required to be done by the appointed internal auditor in an organization, Independent Assessments: Internal auditors thoroughly review a company's financial and operational processes, risk management practices, and adherence to regulations. This independent …
Section 43B(h) - New MSME 45 Days Payment Rule - IndiaFilings
May 14, 2024 · GST as Input Tax Credit. Condition: The enterprise claims the GST paid on purchases from an MSE as Input Tax Credit. Implication: For the purposes of income tax deductions under Section 43B(h), only the base amount (excluding GST) is considered. If this base payment to the MSE is delayed beyond the prescribed timelines, only this portion is …
Small Company Definition in India - IndiaFilings
Oct 30, 2024 · Benefits of Revised Small Company Definition. Small companies are exempted from the essential to prepare cash flow statements as part of financial statements.; Advantages of preparing and filing an Abridged Annual Return.; The small company will not be required to have the compulsory rotation of auditors.