Blog - Page 6 of 7 - SS Financials

Know the MSME Payment Rules

Posted by SSdigitalBE
On June 19, 2019
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As per the instructions issued by the Ministry of MSME on 2 November, 2018 all companies registered under the Companies Act, 2013 with a turnover of more than INR 500 Crores are required to get themselves on-boarded to the TReDS platform. The TReDS platform enables MSME sellers to discount their invoices raised on the company […]

Don’t fall in debt trap, borrow wisely

Posted by SSdigitalBE
On April 27, 2019
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Debt may be unavoidable for some, but borrowing irresponsibly can land you in trouble. In a survey, it has been found 15% of respondents have an EMI outgo of more than 50% of their income. The survey also showed one of five respondents have taken loans to repay existing loans in the past year—a classic […]

Increased compliance in GST returns is good for the economy

Posted by SSdigitalBE
On January 24, 2019
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The compliance related to GST return filing can be defined in two ways. First, the “return filed for the due date” and the second “return filing to the income months”. Official statistics of “returns filed on the due date” indicate that compliance is better in the first few months. It also increased in recent months. Compliance […]

GST’s on account of political expediency- an opinion

Posted by SSdigitalBE
On January 23, 2019
0 Comments

Granted, election season is upon us. But is that any reason to make the goods and services tax (GST) more complicated than it already is? While the rate rationalizations announced last December by the GST Council made sense, one can’t say the same about the decisions taken at the 10 January meeting, when another cess […]

Documents and information for filing Income Tax Return

Posted by SSdigitalBE
On July 19, 2018
0 Comments
Income Tax

It is a good idea to keep all the necessary documentary proof handy while filing your income tax return without which filing your income tax return could be difficult. You need to file income tax return well in time as you may face a penalty of Rs 10,000 if you fail to file income tax […]

Don’t hide your any income while filing ITR

Posted by SSdigitalBE
On July 18, 2018
0 Comments
Income Tax

Quoting all your income details in ITR is utmost important. Though interest from bank deposits, bonds and most post office schemes is fully taxable, it has been found that almost 80% of taxpayers do not report any interest income. Not declaring this income amounts to tax evasion and could fetch a notice from the tax […]

Utilise the deductions while filing your income tax

Posted by SSdigitalBE
On July 18, 2018
0 Comments
Income Tax

Correct filing of income tax can help you lot in saving money. In normal terms tax, return filing process often completed mechanically. However, if you spend a little time and more consideration into it can allow you to claim deductions which you might have failed while submitting your investment declarations. Here are some important points […]

Income Tax Rates for Assesssment Year 2019-20

Posted by SSdigitalBE
On July 18, 2018
0 Comments
Income Tax

You must know the Income Tax Rates as there has been multiple changes in the tax structure. Here is the complete information on the income tax rates for the assessment year 2019-20. Income Senior Citizen age > 60 yrs Tax (%) 0 to 2,50,000 0 to 3,00,000(If age>80 yrs 5,00,000) 0 2,50,001 to 5,00,000 3,00,001 […]

GST in Brief and Accounting Entries

Posted by SSdigitalBE
On July 15, 2018
0 Comments
GST Accounting Entries

GST in Brief: Particulars Explanation Who Should Register under GST Entities registered under the Pre-GST law (i.e., Excise/ VAT/Service Tax etc.) Businesses with turnover above the threshold limit of Rs. 40 Lakhs In case of inter state trade threshold limit is NIL Those paying tax under the reverse charge mechanism Person who supplies via e-commerce […]

Finance and a Start-up Business

Posted by SSdigitalBE
On December 9, 2017
0 Comments
start up business

START-UP BUSINESS GUIDE Starting a business can be exciting yet very daunting, but it is undoubtedly a turning point in your life. You may have many questions and this simple ‘Start-up Business Guide’ is designed to help and assist you in the process. There are lots of advantages that you will enjoy when you start […]

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