#Taxation Service In Bhubaneswar

[peritossolutions]

A Comprehensive Guide to GST Registration and Filing in Odisha, Bhubaneswar

The GST (Goods and Services Tax) in simplifying the taxation system for businesses in India. At Regilances, we specialize in assisting businesses with GST registration in Bhubaneswar, Odisha, ensuring a seamless and hassle-free process.

Streamline Your Taxes: With the introduction of GST, various Central and State taxes have been replaced, creating a unified tax system. Enjoy the benefits of simplified taxation for service providers, traders, and manufacturers.

Online Registration Made Easy: Say goodbye to paperwork and manual processes. Our expert team will guide you through the online GST registration process, eliminating the need for manual intervention and ensuring compliance.

Mandatory Registration: If you buy or sell goods or provide services, GST registration is mandatory. Ensure compliance by registering online if your annual turnover exceeds Rs. 20 lakhs (for service providers) or Rs. 40 lakhs (for goods suppliers).

The Required Documents: To complete the GST registration process, you'll need essential documents such as PAN Card, Aadhaar Card, proof of business registration, address proof, bank statement, digital signature, and more.

Understand Tax Rates: GST tax rates vary based on the category of goods or services. From exempted items to different tax brackets, our team will guide you through the complexities of GST tax rates.

Partner with Experts: By partnering with Regilances, you gain access to our experienced team that will handle GST filing and keep you compliant with evolving regulations. Focus on your business while we take care of your GST needs.

Unlock Growth Potential: Timely GST filing and compliance are essential for business growth. Stay up-to-date with GST requirements, enjoy set-off benefits, and thrive in the competitive landscape.

Take the First Step: Start your GST journey with Regilances. Let us simplify the GST registration and filing process, allowing you to unlock the benefits it offers for your business's growth and success.

Remember, understanding GST Registration Services in Bhubaneswar and filing is crucial for businesses in Odisha, Bhubaneswar. Contact Regilances today and experience a seamless and hassle-free GST journey.

[regilances]

A Comprehensive Guide to GST Registration and Filing in Odisha, Bhubaneswar

GST (Goods and Services Tax) was introduced in India on July 1, 2017, with the aim of streamlining the taxation system for service providers, traders, and manufacturers. This unified tax replaced various Central and State taxes, such as Service Tax, Excise Duty, CST, Entertainment Tax, Luxury Tax, and VAT. GST is levied at each stage of the supply chain, and businesses can enjoy full set-off benefits. The entire process of GST registration and filing is conducted online, eliminating the need for manual intervention.

At Regilances, we specialize in assisting businesses with GST Registration Services in Bhubaneswar, Odisha, and ensure timely filing of GST returns. Our expert team takes care of all aspects of GST filing, providing you with peace of mind and ensuring compliance.

Mandatory GST Registration: If you are involved in buying or selling goods or providing services, it is mandatory to register for GST online. Businesses with an annual turnover of more than Rs. 20 lakhs (for service providers) and Rs. 40 lakhs (for goods suppliers) are required to register for GST. E-commerce sellers/aggregators do not need to register if their total sales are below Rs. 20 lakhs, as per the recent notification.

Documents Required for GST Registration: To complete the GST registration process, you will need the following documents:

PAN Card of the business

Aadhaar Card of the authorized signatory

Proof of business registration or incorporation certificate

Address proof of the place of business, such as a rent agreement or electricity bill

Bank statement or cancelled cheque

Digital signature

Letter of Authorization or Board Resolution in the case of an authorized signatory

Photograph of the authorized signatory

GST Tax Rates: GST tax rates vary based on the category of goods or services. Essential food items are exempt from GST, while household necessities and life-saving drugs are taxed at 5%. Products like computers and processed food fall under the 12% tax bracket. Items such as hair oil, toothpaste, soaps, capital goods, industrial intermediaries, and services are taxed at 18%, while luxury items attract a 28% tax rate.

Conclusion: Understanding GST registration and filing is crucial for businesses in Odisha, Bhubaneswar. By partnering with Regilances, you can ensure a seamless and hassle-free process. Our experienced team will guide you through the registration process, handle GST filing on your behalf, and keep you compliant with the ever-evolving GST regulations.

Remember, staying up-to-date with GST requirements and timely filing can help your business thrive in the competitive landscape. So, take the first step towards GST compliance and unlock the benefits it offers for your business's growth and success.

[eservicesbandhu]

BANDHU e-SERVICES (ONE|STOP|SERVICE)

Bandhu E Services is a provider of outsourcing and offshoring services. It is a Bhubaneswar-based company that provides taxation & accounting services, instant digital signature, e-tendering services, food licence and trade licence. In order to better serve our customers around the world, we have developed a wide range of internet-based services to make their lives easier and best e-tendering company in Bhubaneswar.

[asbmodisha]

The Major MBA Specializations

Master of Business Applications or MBA is a master’s programme that is designed to help the candidates imbibe the business acumen. The top MBA colleges in Bhubaneswar make sure that its students are happy with the course and its structure. MBA comes with too many specializations which give wider choices to the people to choose from. Here are some best specializations to choose in MBA which might yield you a beautiful future.-

 ●      MBA in Finance- If you want to build a future in fields like investment banking, taxation, tax planning, financial reporting and analysis, fund management, international finance, asset finance and insurance management. This specialization comes with wonderful job opportunities in both the government and private sectors. This specialization can also be used to acquire knowledge to run your business independently.

 ●      MBA in Human Resource Management- Human resource management is related to that aspect of the business where people are involved. If you have good communication skills and have the ability to carry out the processes of hiring, training and managing personnels of an organization. Human resource management is responsible for making sure whether the organization has adequate and essential employees and their work is being done successfully.

 ●      MBA in Information Technology- If you are planning to be a part of technology and internet-based companies, this can be one of the best choices for you to delve into. MBA in IT provides a deep understanding of entrepreneurship, management of people, e-commerce and security. This course offers multiple career options in the IT sector after post-graduation.

 ●      MBA in Marketing Management- This course is a sales and marketing management course. Marketing management deals with the provision and activities involved in the distribution of goods and services. Marketing management curriculum includes market research and analysis, product design, pricing, promotion, selling, distribution and other marketing concepts. This field has a wide employment area for people to find jobs in.

 ●      MBA in Banking and Insurance- To get a strong foundation in banking and finance sectors, MBA in banking and insurance might be the best choice. This course provides extensive training on how to check accounts, maintain savings, issue loans and credits. People can also work as freelancers in this field. The course covers major topics like financial accounting, working capital management, risk management and business valuation.

 These specializations are available in every MBA college in BBSR and other top MBA colleges of the country. These are the major MBA specializations that can fetch a remarkable career. Endless career benefits can come up if you pursue an MBA. An MBA degree is a thousand times more prestigious than the other usual post-graduation courses.

[odm123fan]

Callings to Pursue After Taking Commerce Field in School

Do you know what is the most difficult and confusing situation in the life of 12th class student? It is “What to do after 12th Standard?” This question haunts every student that is going to give 12th class final examinations in a few months. There are many options that students can choose, for e.g. engineering, accounting, marketing, journalism and many more. 

Commerce is a popular stream among the students in India aiming to do higher secondary education. Having studied Commerce in class 11th-12th allows candidates to choose from multiple courses at graduation level. Commerce stream can be categorized into two groups: Commerce with Maths and without Maths. While students are advised to select the course depending on their individual aptitude and interest, we as the best CBSE school in Bhubaneswar provide guidance and counselling to 12th class students who will be going to pursue higher studies.  

Here are some of the course highlights across India that offer the best knowledge and have the best career scope in the Indian market:

1. Business Administration and Economics

Through Business Administration courses, the students get a wide variety of options to choose from. By studying in these fields, students get exposure to managing businesses. With the emphasis on finance, accounts and business studies, there are many options all over the globe. BBA is a combination of academics and professional knowledge in chosen specializations such as Marketing, Human Resource, General Management, and Finance, Corporate Law, CFA and many more. For any further clarification, consult us at the top schools in Bhubaneswar. 

Economics is the study of the market behavior of the economy. The student is required to put in a lot of effort as it is a research-oriented career that requires various theories, principles, and data. They conduct researches and analyze data to predict market trends, build economic theories and models, and make recommendations for resolving economic issues. As there is a huge demand for qualified economists in consulting firms, private banks as well as public sectors, both in India and abroad. Economist, statistician, strategist, risk management analyst, operations research analyst, insurance underwriter, budget analyst are some of the career opportunities in this field.

2. Chartered Accountancy (CA) and Company Secretary (CS)

One of the most well-known and popular career paths for commerce students is a Chartered Accountant (C.A). This career option has been recognized internationally. A professional certification is provided by the Institute of Chartered Accountants of India (ICAI). The role of a chartered accountant is to work across various domains of business such as audit, taxation, investment, finance and much more to increase the profitability of the firm. There are some professional opportunities in public and private sector such as auditioning, tax, consulting, corporate finance, investment banking, corporate finance, investment banking.

Company Secretary 

Company Secretary is a professional course administered by the Institute of Company Secretaries of India. The role of CS is to take care of the efficient administration of a company, particularly with respect to ensuring legal and statutory compliance and governance-related issues. Their job involves giving advice on conducting business, dealing with situations involving conflict of interest, suggesting ways to prepare financial reports, developing corporate strategy, assisting in planning, and advising on company law.

3. Media, Journalism and Mass Communication

Mass communication is a medium od dispersing information to large people. This field has many branches to various other media fields such as newsgathering and reporting, film direction and production, event management, public relations, advertising, corporate communication, digital marketing. These field has created many creative job opportunities in the last few years such as graphic designing, content writing, social media marketing, web designing and much more. It is expected to expand more in India. 

4. Management 

 Management is the process of planning, coordination, forecasting and organizing the company’s processes to ensure effective functioning and growth. It is another popular career route, with a relatively reliable career growth. The field has a many option to choose roles and opportunities from specializations such as operations, marketing, HR, finance, international business, sales, supply chain management, strategy in various industries and sectors, such as FMCG, Retail, Education, Telecom, etc. Do not forget to get clarity in your mind for the future from best counsellors at some of the residential schools in Bhubaneswar.

5.Hospitality and Travel 

Hospitality has been one of the fastest-growing industries and is growing continuously. Hotels, events, travel and tourism, luxury services, food services, and other related segments fall under hospitality management. Nowadays, hospitality management jobs are diverse and in high-demand because of the increase in the entertainment industry. Event management, lodging and accommodation, food and beverage and travel industry are some of the hospitality careers. 

There are many other career options for commerce students after 12th. However, there are many other popular career options available such as Design. Law, Hotel Management, Mass Communication, and Journalism and many more. To find your perfect fit, consult the professional counsellors at some of the best schools in Bhubaneshwar.

[dnnewtown-blog]

GST regime likely to be a game changer for real estate sector in India

Real estate experts feel that the new GST regime is likely to be a game changer for the real estate sector in India. The 12% GST rate on Construction projects will boost the deals in the sector. The new GST system would replace more than 16 major taxes and levies which were being levied on real estate sector deals in the country. The new unified tax regime will stop the unwanted practice of double taxation which hugely hurts the real estate and other sectors. This leads to cascading effect which brings about inflated prices for end users. Experts in the field are also hoping that the GST Council will also address the issues relating to affordable housing which was exempt from service tax under the previous tax regime.

Most of the real estate players welcomed a single stable 12% GST inclusive of the value of land and with full input tax credits. At present the Indian real estate sector is estimated to account for about 5% of India’s overall all GDP and is considered to be the 2nd largest employer in the sector. With a boost with the new Tax structure, the sector is likely to grow in the future. So in case you are looking to invest in real estate, it may be the right time to do so. At DN Newtown we offer luxury properties in Bhubaneswar. To know more please visit our website.