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Tax Home provides you GST Bill, ITR File, MSME Registration, Sales Tax Registration & More. Here you can find the best company registration services in Preet Vihar at reasonable prices. For more details you can call us 9958872412 and visit at https://goo.gl/DyZxJo .<br>
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Tax Home Tax home is the best tax consultants in Delhi, which helps you to file income tax in a better way and helps you to start a new business. For more details you can call us 9958872412.
Advantages of GST for small and startup firms The Goods and Service Tax was launched on 1st July, 2017 in India. The GST bill was passed by the LokSabha and cleared by LokSabha. In this worksheet, we are going to discuss about the advantages of GST for small as well as startup firms in India. Hope you will understand these benefits and get registered for GST. GST is the one tax to subsume all taxes. It will bring ‘One Nation One Tax’ regime and startups and small firms will really enjoy its benefits. We are going to look at certain advantages of GST in India for small and start up firms. GST can benefit your small and startup firm GST is a destination based consumption tax levied on multiple stages of production and distribution of goods and services. It is a combination of various taxes such as entertainment tax, state & local tax, excise duty, surcharges and others. Here are the benefits of GST for all small and startup firms.
Privilege for startups and small businesses Before GST, businesses that cross the annual turnover of 5 Lakhs used to have VAT registration and VAT payment as a necessity, which was quite confusing. But the problem vanished, as the GST came into the picture. As businesses, with the supply turnover of less than 20 Lakhs would not have to register for GST. Those who have a turnover of 20-50 lakhs, have to pay GST at a lower rate. This has brought the relief to startups and small businesses with the nominal turnover. So, these are the common benefits of GST for small and startup businesses. If you are also holding a small business with the supply turnover of 20 -50 lakhs, then get registered for GST. Get your business GST, OPC, Private Limited, MSME and LLP registration in Delhi from Tax Home. They have a dedicated team of professionals, who will help you in the legal work of your business.
Why a startup firm should choose One Person Company as a form of business? We all know, opening a startup business is a tough task. It is an innovative category of a businessman, who wants to grow rapidly. One needs to raise capital in a timely manner, if he/she wants to see their business growth in a short span of time. If you want to use your innovation with freedom in your business, then choose the OPC form of business for your startup firm. There are many reasons that can loudly say you should register your startup business a one person company. Before knowing these reasons, we will first discuss what OPC is. OPC stands for One Person Company, which is the latest form of business launched in the year 2013. OPC can be formed by a single owner/founder with at least compliances & maintenance. So, let’s discuss why businesses should opt for One Person Company registration in Delhi.
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