- Odhav, Ahmedabad.
- info@mcare.co.in , camoneycare@gmail.com
- +91 8866864137, 9376977281, Office No -7227884421
- Odhav, Ahmedabad.
- info@mcare.co.in , camoneycare@gmail.com
- +91 8866864137, 9376977281, Office No -7227884421
The Goods and Services Tax (GST) has consolidated a plethora of indirect taxes levied by the Centre and states into a common tax. It eradicated the multiplicity of taxes thereby reducing the complexity and removing the cascading effect of taxes. Present taxes levied on the sale of goods or services by either Central or State governments are embraced under the GST regime.
Goods and Services Tax came into effect on July 1, 2017. Businesses are required to file monthly, quarterly and annual returns and those with turnover exceeding INR 2 crore will also have to file audit reports.
Any business entity that is previously registered under any of the existing tax regimes then it is mandatory to migrate under GST law irrespective of the threshold limits. For new Business entrants who are into supplying goods and services and not registered under any of the existing tax systems then they are liable to register under GST only when the total Turnover exceeds prescribed threshold limit in any financial year.
We are a Consultancy firm based in Ahmedabad, Gujarat, India providing outsourcing services in the field of Finance & Accounting along with All Types of Loans, ROC Work, Accounting Work, GST Work, Income Tax Work, Mutual Fund Advisory And Equity Market Advisory Service to a variety of clients across the globe.