GST
GST Registration
If you fail to file for GST as a provider of goods or services, you risk facing severe fines and penalties that might equal up to 100% of the tax you owe. Once you register for GST, you can start collecting GST from your customers. Thus, it is essential that you submit for GST in order to avoid any legal issues. The current origin GST registration limits for services and stock of commodities are Rs. 20 lakh and Rs. 40 lakh, respectively.
GST Filing
The Goods and Service Tax Network (GSTN) is informed by the taxpayers' use of the GST e-filing system about the influx and outflow of stock, as well as the amount of tax paid and collected. The taxpayer must pay the tax received from an external supplier of goods or services after the reduction of the Input Tax Credit in addition to reporting the taxable transactions to the government (ITC)
E-Way Bill
For the transportation of products costing more than Rs. 50,000 from one location to another, anyplace in India besides Delhi, an E-Way Bill must be generated. When the value of the items is greater than Rs. 1 lakh, an e-way bill registration is required for the transportation of the goods within Delhi. Regardless of whether the shipment of products is intra-state or interstate, this document must be prepared online.
GST Consultation
Companies all around the world are looking for ways to grow into new regions because globalisation is crucial to becoming a worldwide leader. When a business wants to launch operations in India, JK & Associates can provide GST consulting services. Visit JK & Associates to schedule your GST registration consultation.
Accounting
Payroll Accounting
Payroll refers to the total sum of money that the employer pays the employees. The payroll administration of an organisation is how all employees are paid. Payroll accounting is the practise of recording reports for employee remuneration. Payroll accountants play a crucial role in ensuring that paperwork is submitted accurately, ensuring that workers are paid accurately for the work they have accomplished, and facilitating smooth financial processes.