Growth Ideas

GST AMNESTY SCHEME 2021 Hurray....!😃 The big relief for the GST Tax payers yet again introduced by the Central Government. This may the last chance to utilize the opportunity.   So..What is in it..? Let's get started... 👉 Applicable for : GSTR 3B Returns pending. 👉  Applicability Period : JULY 2017 to APRIL 2021 💥Condition : Pending GSTR 3B Returns for the period from JULY 2017 to APRIL 2021 shall be filed between 01/06/2021 to 30/11/2021 (extended Date) as per  Notification No. 33/2021, Central Tax, dt. 29/08/2021 . Earlier it was till 31/08/2021 via  Notification No. 19/2021, Central Tax, dt. 01/06/2021 .  What says this GST Amnesty Scheme..?   Normally Amnesty means there should be something beneficial. Isn't it? YES. There are benefits in the scheme as regards LATE FEES which is always be a big liability and headache for the tax payers. 👌 REDUCTION IN LATE FEES : Somehow happy news...!  Having Tax Liability as NIL : Maximum Late F...

Requirements for applying for IEC : New / Updation / Modification  Hey,  As all you know, Your Exisiting IEC shall be updated once in a year mandatorily between April to June of every Financial Year with effect from F.Y. 2021-22 as per notification No. 58/2015-2020, Dt. 12/02/2021 . For example, for F.Y. 2021-22, your IEC shall be updated on or before 30/th June 2021, however it is extended to 31st July 2021 for F.Y. 2021-22.  To ease the process, we have listed out the requirements (checklist) for the smooth and time saving process.  REQUIRED DETAILS / DOCUMENTS 👉 IEC Certifiacate Copy 👉 PAN Card of Proprietor / Firm / LLP/ Company (whichever is applicable) 👉 Aadhar Card of  Proprietor / Partners /Designated partners in case of LLP/ Directors  (whichever is applicable) 👉 Mobile Number which is linked to Aadhar (Mobile No. will be verified through an OTP) 👉 Valid Email ID (Email ID should be verified with the link provided therein) 👉 Passport Size Pho...

  MASTER PLAN TO GET RID OF   EMSIGNER ERROR IN GST PORTAL It's a very frustrated thing when you see. "Failed to establish connection to the server. Kindly restart the Emsigner". Here is the simple Master plan to get out of it. It Works.  Please follow the below steps before using DSC:- 1. Run the emsigner as administrator. 2. Open the portal, fill the appropriate details go to till update register DSC. 3. Open a separate tab in same browser and type https://127.0.0.1:1585 4. Click on Advanced 5. Click proceed to 127.0.0.1(unsafe) 6. Come back to GST portal, refresh the page 7. Click on register DSC You may use this trick while signing also, in GST portal. But do the above process everytime when you stuck.   You can leave a comment on this trick. 

TDS is mandatorily required to be paid on purchase of immovable property from the RESIDENT if value of such property is more than Rs. 50,00,000/- TDS RATE : 1% ON THE AGREEMENT VALUE OR STAMP DUTY VALUE whichever is Higher.  This provison is applicable only if the seller is RESIDENT in India. If seller is NRI, this provison is not applicable. TAN is not required .   Due Date : The due date of payment of TDS on transfer of immovable property is 30 days from end of the month in which the deduction is made. If Seller's PAN is NOT LINKED with his/her Aadhaar at the time of payment, TDS @ 20% should be paid instead of 1 % . Check list for TDS payment in Form 26QB.   🔹Seller's Details (Transferor)  Note : If more than 1 seller, details of all sellers is required 👉 Full Name and Full Address with PIN code  👉 PAN (PAN should be registered with IT Portal-Mandatory)   👉 Share in the property, if more than 1 seller 👉 Email ID  👉 Telephone No. or Mobile No....

Hey, we are spending day in whatever the manner. But one has to think about the how productively and wisely spending a day. Only successful people spend their day wisely. So they are successful in their life isn't it?  What do we usually do? We get up in the morning and start reading the newspaper. This way, we end up spending an hour and a half of precious time. Then we spend two to three hours at home just watching television now a days on social medias like whatsapp, FB, IG, rather than television. If by chance you pick up a magazine, you just go on flipping through its pages even if the information is not worth reading. Nowadays we also spend a lot of time surfing on the internet. If guests come to our home, we spend time chatting and gossiping with them. Some of our time goes into eating and drinking, and finally we get tired and go to sleep at night. This is not a wise way to spend your day.   Here are the simple tips to spend your day wisely and cheerfully.  Get up...

    Everybody wants success in their life. How the businessmen get success in their life? Obviously through their business right? Here, I have come up with the essential ideas to manage your business once you have set up your entity.   Every entrepreneur thinks about setting up the business and growth of business through new strategies, mission, vision, marketing ideas, etc: But...Interestingly everybody normally overlook the documentation part, if someone think about to be a perfect, laziness will overlap their discipline.    One more crazy thing is that no proper training is provided to the subordinates regarding the documentation part.    Being an accountant, tax consultant, I have been experiencing this dilemma. One has to search all files, even full office for a small piece of paper. Think about how much productive time will be throw away from our hand. Just imagine what would be the mental status of the person who needs that piece...