Growth Ideas

PAY YOUR GST ONLINE - STEP BY STEP PROCESS # Remember the 11th Point.   Pay GST online with your net Banking.. Here are the procedure to follow step by Step.  1) Go to https://services.gst.gov.in/services/login 2) Then login with GST USER ID & Password 3) On Dashboard, Click on  CONTINUE TO DASHBOARD  & then  Click on PAY TAX. 4) Select  Any Other Payment  and click on  PROCEED.   5) Then go to  CHALLAN HISTORY  option there (3rd option) Alternatively you may click on SERVICES >>> PAYMENTS >>> CHALLAN HISTROY 6)  There you will find latest challan created with the amount and validity period 7) Click on CPIN mentioned in blue colour of the respective Challan 8) Select Net Banking or Credit/DebitCard*  Options. - Presently applicable for 10 states in India  ( *Debit Card / Credit Card through Kotak Mahindra Bank Platform,  To know Applicable Transaction Charges  Click ...

 Income Tax Department has announced a new statement - AIS (Annual Information Statement) This will give you all details (well almost all!) about YOUR financial transactions during the year.                   What is AIS (Annual Information Statement)? You know earlier Income Tax used to give statement 26AS. AIS is a much detailed one - with many more details included - like your Savings Interest, all Mutual Fund transactions during the year etc.        Will 26AS be stopped? May be stopped in coming future. As per the Notification, 26AS will conitue to be operational until AIS become fully operational after getting the feedbacks from the stake holders. a) Now you can get both 26AS and also AIS. b) Both put together, Income Tax department knows all your financial transactions. c) You will find it very easy to know and submit details for your Income Tax returns.      How to access my AIS? a) Log in t...

  GST LATE FEES REDUCED..... J une 2021 onwards, no need to worry about much of the GST Late Fees. GST Late fees have been reduced with some considerations. However we are not telling that not to pay GST in time. PAY TAX IN TIME AND RELAX. As per the Notification No. 19/2021 – Central Tax, Dt. 01/06/2021 , it is said that maximum late fees for delay in filing GSTR 3B have been reduced to some extent. Let's see what is in it.. For Register Tax Payers having,  👉 NIL TAX LIABILITY : Maximum of Rs. 500/- per  Return (CGST Rs. 250/- + SGST Rs. 250/-) 👉 Turnover up to Rs. 1.5 Cr. in previous F.Y., (having tax liability)  : Maximum of Rs. 2,000/- per  Return (CGST Rs. 1,000/- + SGST Rs. 1,000/-).    👉 Turnover up to Rs. 1.5 Cr. to Rs. 5 Cr.  in previous F.Y. , (having tax liability)   : Maximum of Rs. 5,000/- per  Return (CGST Rs. 2,500/- + SGST Rs. 2,500/-).  👉 Turnover more than Rs. 5 Cr.  in previous F.Y. , (having tax liabi...

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....