The time limit to file GSTR-4 annual returns for the FY 2019-20 by the composition taxpayers has been extended till 31st October 2020 via the Central Board of Indirect Taxes and Customs (CBIC). The original deadline for filing the return was July 15, which was earlier extended till August 31. The Central Board of Indirect Taxes and Customs (CBIC) in a… Read More »Good News for Taxpayers Under Composition Scheme – Due Date of GSTR-4 Extended
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To opt for a composition scheme you has to file GST CMP-02 with the government. This can be done online by logging into the GST portal. This intimation should be given at the beginning of every Financial Year by you to opt for the Composition Scheme. Here is a step by step – Step 1 – Login to GST Portal.… Read More »How you can opt for a composition scheme in simple steps?
If you’re a taxpayer filing your GSTR 1, GSTR 2, GSTR 3 regularly, then you must file GSTR-9 for the Financial Year 2018-19 by September 30th, 2020 via notification number 41/2020-central tax. Therefore it is mandatory to file the GSTR 9 annual return form and GSTR 9C audit reconciliation form as soon as possible to avoid any penalties. Download Vyapar App… Read More »6 Simple Steps to File GSTR-9 Online
40th Meet of the GST Council post the Covid-19 lockdown was held on Friday, 12th June 2020 at new Delhi via video conferencing. Smt. Nirmala Sitharaman the Union Finance Minister chaired this meeting. The council decided to ease the burden of Small taxpayers by providing relief on late fee and interest payable on late payments Key Highlights of 40th council… Read More »40th GST Council Meet Completed With Relief For Small Taxpayers
On Tuesday 13th May 2020 finance minister Nirmala Sitharaman said that the Aatmanirbhar Bharat rests on five pillars: Economy, Infrastructure, Technology-driven systems, Demography, and Demand. The focus will be on factors of production: Land, Labour, liquidity, and Laws. “The intention behind this is to make local brands global.” This thought and implementation is in favor of all MSMEs. They have… Read More »Major Steps Taken By The Finance Ministry For Revival of MSMEs
Union home ministry on Friday, 24th April 2020 announced that a few more shops that come under the non-essential category can be opened with immediate effect. The shops that are included in the list to open from Saturday, 25th April 2020 only include standalone shops which are located near residential areas within or outside the limits of the municipality and… Read More »Govt. Allows Some Shops To Open: What Shops Can & Cannot Open?
Being a businessman comes with a lot of perks as well as loads of work. Managing it all together is surely a talent. What if we tell you there are apps that will help you to manage your business, market your business and bring in your customers together? Yes, you heard that right. Maybe you are already using those apps… Read More »5 Apps Every Businessman Should Use
Success comes to those who seek it. More like success comes to those who work for it. All successful businessmen have one thing in common: their undivided determination to work to achieve their goals. Here are 5 habits that will make you a successful businessman as well as a successful person in your life. 1. Follow the Mantra of 8… Read More »5 Habits Of A Successful Businessman
“Close Book” is an important part of financial year-end procedures for every business. # So, what is this “Close Book”? “Close Book” is the accounting process where you clear your previous year account balances (of the income and expense accounts/ payments and receipts accounts) and you start fresh again!!! # Why “Close Book” Is Important For Your Business? 1. Doing… Read More »5 Reasons Why It Is Important To Close-Books Of The Financial Year & How?
# – Share Products/Services Online With Image A product image is important, as it creates a good impression on the buyer. An image enhances the product description which makes it easy for the Customer to appeal you and save your time. A buyer closely checks the product images by zooming them, these images give them an idea of how it… Read More »Latest Update – Now Share Products Online In One Click With Updated Feature