#gst centre

[gtiaindia]

Top Online Tally Course with Certificate | Leading Tally Training Institute

Explore the top online Tally course with a certificate from a leading Tally training institute. Learn Tally, Tally GST, and Tally Prime. Check Tally Prime course fees today!

[gst-suvidha-kendra]

CSC Seva Kendra is one of the best business ideas for startups. It provides citizens with a range of services such as Aadhaar card registration, PAN card application, and utility bill payment. CSC Seva Kendra can be set up in rural or urban areas, making it a versatile business opportunity. With its low initial investment and high potential for growth, CSC Seva Kendra is a great choice for aspiring entrepreneurs looking for a successful startup idea.

[accounting-course]

 An accounting course is going to help you become a professional in this field. You would be able to work as a professional accountant only after you have completed a course in this field. Another option which students have is a tally course.

[argentis]

How long have you had your motorcycle license for now? What's it like having a bike VS a car? I imagine it makes shopping a bit of a pain - or do bikes have more storage on them than they appear?

1. I've had my learner motorcycle license for about 7 months now. I plan on going for my restricted after I hit 1000ks and do at least one Ride Forever course and/or one-on-one lesson to make sure I'm doing things correctly.

2. Motorcycle riding is a bit like riding a pushbike but no pedalling and the clutch is your Roman Empire.

I can't speak to personally owning or using a car since I have yet to get behind the wheel. Definitely better for all-weather use and there are different costs involved.

Vehicle registration (rego) for Despechá (Honda CB125F) is just over NZ$400 a year, compared to my dad's Ford Mondeo, which is a bit over NZ$100. This is due to the much higher ACC levy (about $300pa on mine, I pay more in GST than the actual license fee component of my rego) on motorcycles due to the increased risk of injury/death riding.

Fuel-wise, bike is far more economical. A full tank from empty would cost about NZ$30 (11L tank @ ~$2.70/L for 91 unleaded) at the current fuel prices and gets me about 700ks. Would be about $100 to fill the Mondeo for a roughly equivalent range.

Full coverage insurance costs for both vehicles is about the same at about $400pa.

Parking can be a lot cheaper for motorcycles (free dedicated on-street parking). Have to go out of your way for free on-street parking for cars in the city centre. Otherwise, paying at least $4 for an hour of parking.

Gear can be pricy too. Helmet is legally required, and gloves are the bare additional minimum for many, but ideally, you'd have a jacket and boots, and maybe pants. If not to avoid road rash, then to avoid hypothermia in winter. Though it's up to the individual and how much gear they want to wear.

You do get to use high occupany and some bus lanes if you ride here which can make some commutes quicker.

3. I've become a lot more mindful of how much I can carry on the bike. There isn't much stock storage on mine. Only enough space to store her toolkit and spare manual under the seat.

I don't use my bike for a lot of grocery shopping beyond picking up bread and milk so a backpack suffices. Planning on buying panniers and a tank bag but that's becoming less for shopping and more for future travel plans.

Some scooters do have a lot more storage under the seat or on the steering column. It depends on the model.

[shreygoyal]

Partnerships for Climate Action through AI: Panel Discussion at SB 58

We are conducting a panel discussion on the use of Artificial Intelligence and other approaches for enabling partnerships in the climate action space. The panel is a side event at the Bonn Climate Change Conference (or “SB58”) by the UN Framework Convention on Climate Change (UNFCCC) on Wednesday, 7 June 2023.

It will be held in the Bonn Room at the World Conference Center Bonn, and will be streamed live on the official @UNClimateChangeEvents youtube channel. You can also see it on the UNFCCC website and the SB58 Virtual Platform (for registered remote attendees).

SB58 (June 3-15, 2023) comprises of the 58th Sessions of the UNFCCC Subsidiary Bodies for Implementation (SBI) and Scientific and Technological Advice (SBSTA). It’s an inter-sessional conference by the UN Climate Change Secretariat to prepare for COP28 Dubai.

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Non-Party Stakeholder Partnerships and the GST: Global Cooperation through AI and other approaches

Speakers: 

Cédric Villani (Cofounder, Green Spider | Fields Medalist, IHES & UCBL | Fmr. French MP & OPECST President)

Robin Klemens (Founder, KUMO)

Oshienemen Albert (CEPB | African Centre for Dev. & Research)

Mauricio Montana (Fundación Tchendukua)

Moderator: Shrey Goyal (Cofounder, Green Spider)

Theme: Organisations and citizens working on tackling climate change often face capacity issues and lack coordinated action. Join us at the Bonn Climate Change Conference for a panel discussion to explore how innovative approaches such as the use of AI tools can enhance cross-cutting partnerships globally to meet Paris Agreement Goals.

📅 Wednesday, 7 June 2023

⏰ 16:15-17:30 CEST

▶️ youtube.com/@UNClimateChangeEvents

Join us!

[filmbyjy]

I just also want to thank whoever started this boba shop in singapore called ‘bober tea’ 🥹 pretty rare though the shop. I live near one though😏

LIKE THE BROWN SUGAR PEARLS ARE JUST🤤

PLEASE IF YOU EVER COME SINGAPORE..GO BUY IT (honestly, singaporeans really just love boba. I swear there are so many LiHo/Koi in shopping centres. surprising thing is the hospital I live nearby has a koi shop😀)

my drink is basic (milk tea with brown sugar pearl, usually buy large but it’s at 75% sugar level) but you can buy brown sugar boba tea. it’s really sweet though😵‍💫 they also have different teas and I saw a nutella drink too.

SOOO what I’m saying is. come singapore. LAI LAI COME HERE🫶🏻 I’m also living here so you might see me😏 but gst is going up to 8% next year so fuck you govt😀 but thank you for $700 for free though💅🏻

[babatax]

Centre Collects ₹4,792 Crore GST from Coaching and Training Institutes in FY24

GST from Coaching: Pankaj Chaudhary, minister of state in the Ministry of Finance, disclosed that the government garnered Rs 4,792.4 crores from Goods and Services Tax (GST) applied to education services during the financial year 2023-24. These services are non-exempt under GST, with a 18% tax rate levied on them under Service Accounting Code (SAC) 9992. Answering a question raised Dr. D Ravi…

[jaagrukbharat]

Centre Introduces Biometric ID To Fight GST Fraud In India

The GST council decided to introduce pan-India Aadhaar-based biometric authentication at its 53rd GST Council meeting to tackle fraudulent activities. Frauds to claim input tax credit (ITC) have been happening all across India due to the lack of authentication.

GST authorities have arrested around 1,400 people for trying to evade taxes in the last five years.

[elephantinebuilders]

Trends & Projections: Exploring Commercial Plot for Sale in Chennai

It doesn’t come as a surprise that the Multinational giants are considering Chennai as one of their hub spots & opening up new centres in the city. The sudden demand for commercial spaces post-pandemic and the infrastructure boom in the city has added fervour to buy plots in Chennai.

As we look ahead at the approaching new year, with the changing business demands, new developments, evolving work models, and the rates of the land for sale in Chennai, the city’s commercial real estate market is poised for substantial growth.

To buy a commercial plot for sale in Chennai, one needs to be aware of the trends & other key aspects, to make a profitable investment. This blog will brief about the evolving trends & projections and the potential locations to consider before you buy a commercial plot for sale in Chennai.

Looking for a commercial plot for sale in Chennai? Do not miss these updates.

Trends & Demand for Office Spaces.

Due to the rise of hybrid and flexible work schedules, Chennai’s commercial real estate market in 2024 will continue to evolve.

There will be an increase in demand for smaller/flexible workspaces, co-working hubs, and serviced offices.

Bustling locations like Perungalathur, Sriperumbadur, & Thiruvanmiyur well-known for their accessibility to the coast and Tech Parks will draw in more modern office spaces.

Central Business District (CBD), Old Mahabalipuram Road (OMR) and Tidel Park will remain the forerunners of Grade-A office spaces.

Up-and-coming areas like Perungalathur, Thirumazhisai, & Thirukazhikundram offer affordable commercial plots for sale in Chennai for businesses, while still offering good connectivity to key business districts.

Development in Industrial and Warehousing Spaces.

The growth in the city’s logistics sectors in the locations close to the Chennai-Bangalore highway especially will hike the demand for land for sale in Chennai.

The city being a major hub for automobile manufacturing, e-commerce, and SCM, will continue to witness high demand for warehousing spaces.

Locations like Thirumazhisai & Sriperumbadur, owing to their proximity to transport hubs and ease of access to main highways, will experience industrial boom.

The increasing reliance on e-commerce & last-mile delivery networks has spurred attention in logistics parks and warehouses in peripheral areas like Perungalathur.

When buying a commercial plot for sale in Chennai, focus ample space needed for large-scale logistics operations & connectivity to the city’s transport infrastructure.

Related: Ultimate guide for first time plot buyers in Chennai

Sustainability in Commercial Real Estate

With more focus by MNCs on reducing carbon printouts, eco-friendly office spaces will be in high demand.

The commercial land for sale in Chennai will have sustainable design elements like energy-efficient lighting, water recycling systems, & green roofs.

Premium office spaces in Tidel Park & OMR, with high potential for rental value will have offices with global sustainability standards.

Locations like Thiruvanmiyur, Ponmar, Thirumazhisai with its blend of residential, commercial, and IT developments, will draw-in new sustainable buildings with modern amenities and eco-friendly features.

New Business Developments in Suburban Locations.

When you buy a commercial plot for sale in Chennai in suburban locations like Perungalathur and Thirumazhisai, it offers other significant opportunities.

These areas, located on the outskirts offer affordable plots for sale in Chennai with excellent connectivity.

Perungalathur, with its proximity to the Chennai Bypass and the GST Road, is becoming a popular location mid-range office developments.

More developers and businesses will prefer to buy plots in Chennai in suburban areas like Thirumazhisai for their cost-effective alternatives & well-connected spaces.

Technology and Innovation in Real Estate

An ideal commercial plot for sale in Chennai will have innovative solutions & technology-integrated services.

From smart buildings equipped with IoT-based solutions to AI-driven plot management, these advancements will enhance operational efficiency and attract tech-savvy tenants.

OMR, a prominent Tech corridor in Chennai, will witness growth in tech-enabled commercial spaces as organisations will continue to invest in high-tech infrastructure.

The commercial plots for sale in Chennai, characterized by flexibility, sustainability, and strategic suburban growth is set to change work models, and hike the demand for modern, flexible office spaces in key locations like Thiruvanmiyur, OMR, and Tidel Park.

If you are looking to buy a commercial plot for sale in Chennai that’s innovative, sustainable & with strategic utilization of suburban areas? Then, head to the Elephantine Enterprises website today. With more than 5 fast-selling out ongoing projects & over 4 new mega projects in the pipeline, secure an ideal commercial plot for sale in Chennai, with impressive accessibility & amenities.

It doesn’t come as a surprise that the Multinational giants are considering Chennai as one of their hub spots & opening up new centres in the city. The sudden demand for commercial spaces post-pandemic and the infrastructure boom in the city has added fervour to buy plots in Chennai.

As we look ahead at the approaching new year, with the changing business demands, new developments, evolving work models, and the rates of the land for sale in Chennai, the city’s commercial real estate market is poised for substantial growth.

To buy a commercial plot for sale in Chennai, one needs to be aware of the trends & other key aspects, to make a profitable investment. This blog will brief about the evolving trends & projections and the potential locations to consider before you buy a commercial plot for sale in Chennai.

Looking for a commercial plot for sale in Chennai? Do not miss these updates.

Trends & Demand for Office Spaces.

Due to the rise of hybrid and flexible work schedules, Chennai’s commercial real estate market in 2024 will continue to evolve.

There will be an increase in demand for smaller/flexible workspaces, co-working hubs, and serviced offices.

Bustling locations like Perungalathur, Sriperumbadur, & Thiruvanmiyur well-known for their accessibility to the coast and Tech Parks will draw in more modern office spaces.

Central Business District (CBD), Old Mahabalipuram Road (OMR) and Tidel Park will remain the forerunners of Grade-A office spaces.

Up-and-coming areas like Perungalathur, Thirumazhisai, & Thirukazhikundram offer affordable commercial plots for sale in Chennai for businesses, while still offering good connectivity to key business districts.

Development in Industrial and Warehousing Spaces.

The growth in the city’s logistics sectors in the locations close to the Chennai-Bangalore highway especially will hike the demand for land for sale in Chennai.

The city being a major hub for automobile manufacturing, e-commerce, and SCM, will continue to witness high demand for warehousing spaces.

Locations like Thirumazhisai & Sriperumbadur, owing to their proximity to transport hubs and ease of access to main highways, will experience industrial boom.

The increasing reliance on e-commerce & last-mile delivery networks has spurred attention in logistics parks and warehouses in peripheral areas like Perungalathur.

When buying a commercial plot for sale in Chennai, focus ample space needed for large-scale logistics operations & connectivity to the city’s transport infrastructure.

Related: Ultimate guide for first time plot buyers in Chennai

Sustainability in Commercial Real Estate

With more focus by MNCs on reducing carbon printouts, eco-friendly office spaces will be in high demand.

The commercial land for sale in Chennai will have sustainable design elements like energy-efficient lighting, water recycling systems, & green roofs.

Premium office spaces in Tidel Park & OMR, with high potential for rental value will have offices with global sustainability standards.

Locations like Thiruvanmiyur, Ponmar, Thirumazhisai with its blend of residential, commercial, and IT developments, will draw-in new sustainable buildings with modern amenities and eco-friendly features.

New Business Developments in Suburban Locations.

When you buy a commercial plot for sale in Chennai in suburban locations like Perungalathur and Thirumazhisai, it offers other significant opportunities.

These areas, located on the outskirts offer affordable plots for sale in Chennai with excellent connectivity.

Perungalathur, with its proximity to the Chennai Bypass and the GST Road, is becoming a popular location mid-range office developments.

More developers and businesses will prefer to buy plots in Chennai in suburban areas like Thirumazhisai for their cost-effective alternatives & well-connected spaces.

Technology and Innovation in Real Estate

An ideal commercial plot for sale in Chennai will have innovative solutions & technology-integrated services.

From smart buildings equipped with IoT-based solutions to AI-driven plot management, these advancements will enhance operational efficiency and attract tech-savvy tenants.

OMR, a prominent Tech corridor in Chennai, will witness growth in tech-enabled commercial spaces as organisations will continue to invest in high-tech infrastructure.

The commercial plots for sale in Chennai, characterized by flexibility, sustainability, and strategic suburban growth is set to change work models, and hike the demand for modern, flexible office spaces in key locations like Thiruvanmiyur, OMR, and Tidel Park.

If you are looking to buy a commercial plot for sale in Chennai that’s innovative, sustainable & with strategic utilization of suburban areas? Then, head to the Elephantine Enterprises website today. With more than 5 fast-selling out ongoing projects & over 4 new mega projects in the pipeline, secure an ideal commercial plot for sale in Chennai, with impressive accessibility & amenities.

[gtiaindia]

How To Find The Right GST Course?

A good GST course should cover topics such as GST fundamentals, registration, return filing, input tax credit, invoicing and compliance.

[cadeveshthakur]

How to pass Expense Entry with GST Invoice in Books of Accounts| How to Book GST amount in Books

To pass the expense entry in your accounting system for an intra-state supply with GST, where CA Devesh Thakur has purchased goods from City Photocopy Centre, follow these steps:

[acquisory]

Model GST Law – A Tax Law Transformation

The much awaited reform Goods and Service Tax Act 2016 will change the fundamental of Indian Taxation. The state wise VAT, the central excise, the service tax, all will be integrated into one legislation, known as Goods and Service Tax Act, 2016 (‘GST Act 2016’). The GST Act 2016 has been for the first time made public in June 2016 by the Indian Government. The government is planning to introduce the Act w.e.f. 1st April, 2017 and proposes to pass the 122nd Constitutional Amendment bill, 2014 in the upcoming monsoon session of the parliament. By amalgamating a large number of Central and State taxes into a single tax, it would mitigate cascading or double taxation in a major way and pave the way for a common national market.

The framework of GST is characterized by a marked shift from the present origin based taxation to that of consumption based. It is proposed to be levied on a wide base of goods and services and is likely to subsume a majority of existing taxes — excise duty, service tax, VAT, Central Sales Tax (CST), purchase tax, octroy, local body tax etc. Only few services of public importance are kept outside the purview of GST. The regime is expected to have an equally conducive regulatory effect on Foreign Direct Investment (FDI), allowing foreign manufacturing companies to also be able to reap benefits and thereby, steadily build confidence in investing in India. The transition to GST may change the way business is done in India and is widely expected to boost the country’s economy.

Background

The Constitution (122nd Amendment) bill, 2014 was introduced in Lok Sabha on December 19, 2014 and was passed in the House on May 6, 2015. Further, it was referred to a Select Committee of Rajya Sabha on May 14, 2015. The Bill amends the Constitution to enable Parliament and State legislatures to frame laws on the imposition of the Goods and Service Tax (GST). Consequently, the GST subsumes various central indirect taxes including the Central Excise Duty, Countervailing Duty, Service Tax, etc. It also subsumes state value added tax, octroi and entry tax, luxury tax etc.

The idea behind GST is to subsume all existing central and state indirect taxes under one value added tax, which will be levied on all goods and services. No good or service is exempt, and there is no differentiation between a good or service, whether as an input or as finished product. Under GST, tax paid on inputs is deducted from the tax payable on the output produced. This input credit set off operates through the manufacturing and distribution stage of production. The tax is collected only at the place of consumption. This design addresses cascading of taxes.

“Implementation of GST in India will integrate the existing line of taxes like Central Excise, Service Tax, Sales Tax, Value Added Tax etc. into one tax i.e. GST. Thus it will help to reduce or eliminate the multiple taxes currently being levied on products and services.”

Key Features

GST will create a single, unified Indian market to make the economy stronger. The basic aim of GST is to benefit the consumers as well as the Government, thus creating a win win situation for both. Some of the important features are-

The GST shall have two components: one levied by the Centre (Central Goods and Service Tax) and other levied by States (State Goods and Service Tax). Rates for Central GST and Sate GST would be prescribed appropriately, reflecting revenue considerations and acceptability. This dual GST model would be implemented through multiple statutes. However, the basis features of law such as chargeability, definition of taxable event and taxable person, measure of levy including valuation provisions, basis of classification etc. would be uniform across these statutes as far as practicable.

Ending of Multiple Layer of taxes — Implementation of GST in India will integrate the existing line of taxes like Central Excise, Service Tax, Sales Tax, Value Added Tax etc. into one tax i.e. GST. This will help in avoiding multiple taxes currently being levied on products and services.

Alleviation of Cascading taxation — Under the GST regime, the final tax would be paid by the consumer of the goods/services but there would be an input tax credit system in place to ensure that there is no cascading of taxes. GST would be levied only on the value added at every stage, unlike the present scenario wherein tax is also required to be paid on Tax in a few cases i.e. VAT is payable on Excise Duty.

Development of National Economy — With the introduction of a uniform taxation law across states and different sectors in respect to indirect taxes under GST, would make it easier to supply goods and services hassle-free across the country. This will not only help in removing economic distortions, promote exports and bring about development of a common national market but will also enhance tax — to — gross domestic product ratio and thus help in promoting economic efficiency and sustainable long term economic growth.

Increase in voluntary compliance — Under the GST regime, the process will be simple and articulate with a lessor scope for errors. As all the information will flow through the common GST network, it would make tax payment and compliances a regular norm with lessor scope for mistakes. It will only be upon the payment of tax, that the consumer will get credit for the taxes they pay on inputs. This will generate an automatic audit trail of value addition and income across the production chain, creating a unified base of tax…

Read More: https://www.acquisory.com/ArticleDetails/17/Model-GST-Law-%E2%80%93-A-Tax-Law-Transformation

[thinknexttrainingblog]

Tally Training in Chandigarh

Tally, a popular accounting software, helps businesses do just that by managing their finances efficiently. Whether you’re a small business or a large company, Tally provides solutions for accounting, inventory management, tax management, payroll, and much more.

With more and more companies using Tally, the demand for professionals who can operate this software has grown. Whether you're a fresh graduate looking to build new skills or a working professional wanting to advance your career, enrolling in Tally Training in Chandigarh can be a great step. This training will help you understand how to use Tally for various financial tasks, giving you the skills needed to stand out in the job market.

In this blog, we’ll discuss why learning Tally is important, what you’ll gain from the training, and how ThinkNEXT Technologies Private Limited can help you master this essential software.

What is Tally?

Tally is an accounting software widely used in businesses of all sizes. It helps with financial management tasks like bookkeeping, tracking inventory, generating tax reports, and managing payroll. Tally is easy to use and has features that simplify accounting tasks for professionals.

Key features of Tally include:

Financial Accounting: Helps manage ledgers, profit & loss accounts, and balance sheets.

Inventory Management: Tracks stock levels, making it easy to manage inventory.

Tax Management: Simplifies tax calculations, including GST and TDS.

Payroll Management: Manages employee salaries, attendance, and other payroll tasks.

Banking: Helps with bank reconciliations and generating bank statements.

With these features, Tally has become a go-to software for many businesses. Learning Tally can open doors to a variety of jobs in finance and accounting.

Why Choose Tally Training in Chandigarh?

Tally training is a valuable asset in today’s competitive job market. Here’s why you should consider enrolling in a Tally Training in Chandigarh:

High Demand: Many businesses are adopting Tally, increasing the need for professionals who can use it effectively.

Better Job Opportunities: Knowing Tally gives you an edge over other candidates when applying for accounting and finance jobs.

Practical Financial Knowledge: Tally training provides a deep understanding of financial processes, helping you make informed decisions in your job.

Widely Used Across Industries: Tally is used in many sectors, from retail to healthcare, making your skills valuable in a wide range of job roles.

Boosts Efficiency: Learning how to use Tally efficiently can help you handle complex financial tasks with ease, reducing errors and improving productivity.

Integration with Other Skills: If you already have some accounting or business knowledge, Tally training can complement your skills, making you a more versatile professional.

GST Compliance: Tally includes GST modules, making tax compliance easier. Learning Tally will help you navigate tax regulations like GST and TDS, which are critical in India.

What Will You Learn in Tally Training?

A good Tally training program will cover all the important aspects of using the software. Here’s a brief overview of what you’ll learn:

Introduction to Tally: Learn the basics of Tally, including navigating the software and setting up a new company.

Accounting in Tally: Understand how to manage ledgers, vouchers, and journal entries. You’ll also learn about advanced accounting topics like cost centres and balance sheets.

Inventory Management: Learn how to track inventory, manage stock items, and generate inventory reports.

Taxation and GST: Get familiar with Tally’s tax modules, including GST, TDS, and VAT. You’ll learn how to file returns and generate tax reports.

Payroll Management: Learn to manage payroll in Tally, including salary calculations and deductions.

Reporting in Tally: You’ll learn to generate reports like financial statements, stock summaries, and tax reports.

Tally for Banking: Understand how to manage bank transactions, perform bank reconciliations, and generate bank statements.

Advanced Features: Some programs also cover advanced features like multi-location inventory management and data synchronization.

Choosing the Right Training Institute

When considering Tally Training in Chandigarh, it’s important to choose a reputable institute that offers hands-on experience with the software. ThinkNEXT Technologies Private Limited is one of the best choices in Chandigarh for Tally training.

Here’s why ThinkNEXT is a great option:

Expert Trainers: The instructors at ThinkNEXT are experienced professionals who know how to teach Tally in a way that’s easy to understand. They provide practical examples and real-life case studies to help you grasp the concepts quickly.

Comprehensive Curriculum: ThinkNEXT offers a well-rounded curriculum that covers all aspects of Tally, from basic to advanced levels. The course material is updated regularly to keep up with industry trends.

Hands-on Training: At ThinkNEXT, the focus is on practical learning. You’ll work on real projects and gain experience in solving accounting challenges using Tally.

Flexible Learning Options: Whether you prefer online or in-person classes, ThinkNEXT offers flexible learning schedules. They also offer weekend classes for working professionals.

Certification: After completing the training, you will receive a certification from ThinkNEXT Technologies Private Limited, which will enhance your resume and improve your chances of getting hired.

Career Opportunities After Tally Training

Once you’ve completed your Tally Training in Chandigarh, you’ll have a variety of career options. Since Tally is used in many industries, your new skills will be in high demand. Some of the roles you can pursue include:

Accountant: Accountants use Tally to manage financial transactions, prepare reports, and ensure that companies comply with tax regulations.

Accounts Executive: This role involves managing a company’s books, handling bank reconciliations, and preparing financial statements.

Tax Consultant: Tally makes it easier for tax consultants to manage GST, TDS, and other taxes for their clients.

Financial Analyst: Analysts use Tally to study financial data, create reports, and offer insights to help businesses make better financial decisions.

Small Business Owner: If you run a small business, learning Tally will help you manage your finances, track your expenses, and stay on top of your tax obligations.

Why ThinkNEXT Technologies Private Limited?

Choosing ThinkNEXT Technologies Private Limited for your Tally training in Chandigarh offers many advantages. Their focus on hands-on learning, experienced trainers, and flexible scheduling ensures you get the best possible training. They also offer industry-recognized certification, which can help boost your job prospects.

Experienced Trainers: The instructors bring years of industry experience, ensuring that you get practical, real-world knowledge.

Flexible Schedules: Whether you’re a student or a working professional, ThinkNEXT offers flexible batch timings, including weekend classes.

Practical Learning: The curriculum is designed to include practical exercises and real-world scenarios to give you hands-on experience with Tally.

Certification: After completing the course, you will receive a certification to enhance your resume and open new job opportunities.

Conclusion

Tally is a critical tool in accounting and finance, used by businesses of all sizes to manage their financial records efficiently. Whether you’re looking to start a career in accounting, improve your business management skills, or enhance your job prospects, learning Tally is a valuable step. By enrolling in Tally Training in Chandigarh at ThinkNEXT Technologies Private Limited, you can acquire the skills needed to excel in the finance industry.

Tally training will equip you with the knowledge and practical experience to use the software effectively, giving you a competitive edge in today’s job market. Don’t miss the opportunity to invest in your future—sign up for Tally Training in Chandigarh and take the first step toward a successful career

[bbai001]

Types of GST in India: An Ex Brief

The Goods and Services Tax is one of the many reforms the indirect tax structure of India has had to undergo. This combined various indirect levies the Centre and the State governments had been imposing on a taxpayer, thereby making taxation more straight-forward and facilitating better compliance by the business. But this cannot, certainly apply to India. GST in India is a composite sum of various kinds. There are 4 kinds of GST: Central GST, State GST, Integrated GST, and Union Territory GST. From this post, we will learn about the types of GST which are implemented in India. A GST Course in kolkata help you to gain your knowledge in this field.

Defination of GST:

The GST (Goods and Services Tax), is the name given to the unified tax over goods and services. It has obliterated many indirect taxes, such as Value Added Tax, Excise Duty, and Service Tax, to make the tax structure less complicated. It will be charged every step of the supply chain; therefore, the firms get the input tax credit of the amount paid as taxes while purchasing goods and services. It prevents double taxation and also brings greater transparency. In this regard, it does simplify the entire process of taxation and is much more efficient as compared to the old system of taxation.

Taxes Replaced Under GST:

GST was first launched in India when it replaced many indirect taxes. Some of the major taxes substituted by GST are as follows:

Central Taxes:

Central Excise Duty Additional Excise Duties Medicinal and Toilet Preparations (Excise Duties) Act, 1955 Countervailing Duty (CVD), additional import duty on subsidized products coming from other countries Special Additional Duty of Customs (SAD) Service Tax -Central Sales Tax (CST) -Central Surcharges and Cesses  

State Taxes:

Value Added Tax (VAT) Central Sales Tax (CST) on inter-state sales Purchase Tax Luxury Tax Entertainment Tax (except those levied by local authorities) Entry Tax (all types) Taxes on advertisement Taxes on lotteries, betting and gambling State Surcharges and Cesses

Other Taxes: Octroi Entry Tax, where leviable, not in lieu of Octroi

All such taxes were levied under GST system. Therefore, the government streamlined the tax structure, reduced the cascading effects of taxes and, in general, increased the efficiency and transparency in the tax system.

Types of GST in India

Central Goods and Services Tax (CGST)

Central goods and services tax is the charge of the central government for supply made intra-state within the country in regard to goods and services. In terms of intra-state supplies, both CGST and SGST are applicable, and revenues accrue only to the central government. The CGST rates in the entire country are uniform.

For example, consider a firm in Kolkata selling to another firm that is located in West Bengal also. In the said transaction, both CGST and SGST would come into play. Obviously, the central government would be receiving half of the money collected but half would go to the state government.

Why is it relevant? The CGST is essential for the knowledge of any individual pursuing a Tally Course in Kolkata or accounting person. Knowledge of the concepts of the CGST will enable businesses to determine proper compliance of the same at the state tax level without prospects of imposing fines or facing legal hassles .

State Goods and Services Tax (SGST)

SGST will be the corresponding rate of CGST, and this will be collected by the state government on all intra-state supplies. Though SGST and CGST would be simultaneously collected with each and every intra-state transaction, the revenue that is arising to SGST would be credited to the treasury of the state.

For example, if the West Bengal enterprise is supplying some commodities to other enterprise in the same state, then both SGST and CGST would be collected. But for the share of SGST, that needs to be accounted for is from the state government of West Bengal.

This has a very important aspect for professionals, as it imparts major knowledge regarding SGST, especially for those who are following a GST Course or any taxation course. Hence, it will ensure that professionals take care of state-level taxation of very importance to the business operation of a business house in a particular state.

Integrated Goods and Services Tax (IGST)

It is a tax levied whenever goods and services supplied from one state to another state, as well as imported into India from other countries. IGST or Integrated Goods and Services Tax is collected by the central government. It should be noted that CGST and SGST will not be charged on inter-state, only IGST will be charged.

IGST is paid if an industry in Kolkata is selling to another industry in Maharashtra. It is collected by the central government first and then divided between the central and state government on the basis of certain criteria.

Relevance for Businesses and Students: IGST is the main tax for any enterprise which carries out its business in interstate trades. To be aware of it is important for professionals and students pursuing an Accounting Course in Kolkata or any other course.

In the absence of correct IGST compliance, they may have to suffer a massive penalty in cross-border transactions .

Union Territory Goods and Services Tax (UTGST)

UTGST will be applied on all supplies of goods and services provided in the Union Territories of India that comprises of Andaman and Nicobar Islands, Lakshadweep, Chandigarh, Dadra and Nagar Haveli, Daman and Diu and Ladakh. Likewise in the case of SGST, UTGST shall be imposed in union territories minus that area wherein the Legislative Assembly exists, like in the cases of Delhi and Puducherry where SGST exists.

For instance, if commodities are supplied in any Union Territory like Chandigarh then CGST and UTGST would be effective simultaneously. The revenue of UTGST is accrued in the Union Territory.

Educational implication: The students studying taxation and GST in their taxation course in Kolkata would conclude that the UTGST have to be addressed as taxpayers in Union Territories face taxation problems.

Benefits of GST Implementation in India

A number of benefits have been reaped from the both for businesses and consumers due to the implementation of GST .

Ease in tax: The process of tax has become streamlined with the introduction of GST because several indirect taxes have been removed and it has really become very easy for businesses. Ease of Doing Business: GST has made doing business easier in India. It has eased cross-state transactions and created a predictable tax regime. Increased Revenue Effectiveness: The measure of revenue collection also rises, given that the process has become efficient, and tax evasion is minimal because of increasing tax compliance. Input Tax Credit: Input tax credit has enabled the businesses to claim input tax, which in turn reduces the total tax burden on the business and promotes transparency in the regime of tax.

Why is there is a need for Knowledge of GST for Aspiring Accountants?

While GST is of immense importance for the development of business, at the same time, knowledge is also very essential for the people who would plan to build their careers working in accounting and taxation. Knowledge in GST can help many acquire knowledge of several other career prospects for people who are interested in tax consulting, compliance, and accounting.

These GST and Tally courses benefit students as well as working professionals. The exposure achieved in such courses develops a broad knowledge about the process concerned with GST compliances, filing, and accounting of a student or professional.

Conclusion

There are four broad categories of GST operating in India today, namely: CGST, SGST, IGST, and UTGST. All these four forms of GST exist in the structure of indirect taxes today. What each one of them holds will be very fruitful for businessmen, as well as to all the accountants and tax practitioners. Learn more by attending a course in taxation in Kolkata or a GST Course in Kolkata and get ready to begin with a thriving accounting and taxation career.

[cryptonewshumstercoins]

Parimatch evades taxes by converting earnings into cryptocurrency

According to a GST investigation, gaming applications’ crypto-based revenue saw a 700 million rupee outflow from India.

The largest such network under investigation, Parimatch, is situated in Cyprus and even runs TV advertisements during regional sports leagues. One such network connected to Parimatch was recently demolished by the Directorate General of Goods and Services Tax Intelligence. The majority of these networks use multi-jurisdictional conversations and transactions to evade legal action.

Investigation of the matter of Parimatch

An alarming development is that Indian authorities are struggling to stop the spread of foreign gaming and betting platforms that use networks of shell companies and cryptocurrency exchanges to evade paying taxes in India.

According to a ToI article, Parimatch, a Cyprus-based organisation that even airs advertisements during regional sports leagues on television, is at the centre of one of the largest such networks under investigation.

A recent operation by the Mumbai-based Directorate General of Goods and Services Tax Intelligence (DGGI) resulted in the discovery and destruction of one such Parimatch-related network. The network was in charge of collecting Rs 700 crore from Indian gamers who used gaming apps, and the money was then transferred by converting it into bitcoin. According to a TOI report, the DGGI investigated the backgrounds of 350 people and 50 entities in Kolkata and monitored the operations of the network for months.

What helps with the illegal action? 

The majority of these gambling enterprises, with their headquarters in tax havens and operating illegally in India, use complex layers of communication and transactions spanning international borders. Dubai is crucial in enabling the flow of money via cryptocurrencies. Without formal contracts, the workers for these applications receive payment online. For instance, Parimatch only communicates with its contacts in India via email, phone calls, or anonymous people.

The director of an unregulated payment aggregator who made it possible for Parimatch’s customers to deposit money into shell companies has just been arrested by the DGGI. The collected money was subsequently transferred from the payment aggregator to the bank accounts of fictitious businesses. More than 400 bank accounts were frozen as a result of this.

Step taken by the Authorities

However, a significant percentage of these funds had already been converted from bank deposits to Bitcoin. The organization arrested a Mumbai-based cryptocurrency exchange operator for managing a group of fictitious firms with fake directors. The app’s operator disclosed that cryptocurrency had been created from the Rs 96 crore it had received from app users. The investigation, however, came to a standstill since the accused was unaware of the owner of the wallet where the cryptocurrency funds were sent. The defendant insisted that the entire operation was carried out in accordance with clear instructions obtained via phone conversations and emails from an “unknown person.”

The fake directors of the shell businesses, who were given pittances to act as the entities through which cryptocurrency was bought and transported abroad, were also questioned by the DGGI. 

The majority of these people were drivers, street vendors, or people in other roles who had exchanged a small amount for sharing their information with a book-entry operator who also handled hawala payments.The fictitious directors admitted they knew money was being transferred into their accounts or wallets using Parimatch apps. 

They claimed that video KYC of their family members were used for opening the accounts/wallets by the cryptocurrency exchange operator. They continued to be in the dark about the sums credited to their accounts and the people who received the transferred money.

The Accused person Identity

Unfortunately, the investigation has come to a standstill at this point.The DGGI has also tracked money sent to fictitious businesses with addresses in Kolkata. Before the DGGI could identify the person in charge of these shell businesses in Kolkata, it’s thought that they left the country. Authorities believe this individual turned the money into bitcoin before sending it abroad.Officials from the DGGI learned during their investigation that Parimatch had broadcast commercials with celebrity endorsements during live broadcasts of regional sports leagues. 

A senior executive from a television network informed DGGI representatives that they had signed an online agreement after receiving email instructions on how to run Parimatch advertising. Similarly, Parimatch instructed media management firms via email to recruit famous people for the advertising.

Next step of Authorities and precautions

Numerous such gaming and betting organizations are being intensively investigated by the Enforcement Directorate (ED). Many are thought to be functioning via shell firms set up in tax havens abroad. These businesses don’t have any physical locations in India and only connect via email, phone calls, or middlemen. 

According to sources, the Union Ministry of Home Affairs has been informed about this pattern and may decide to impose restrictions on certain apps and websites due to worries about national security.

Despite the availability of sophisticated tools created by Israeli businesses to track cryptocurrency movements within wallets, this initiative has had only sporadic success. 

Interoperability between blockchains enables users to access applications on other platforms and transfer cryptocurrency between exchanges, according to an expert experienced with such solutions. However, the expert pointed out, specialised techniques can still be used to track the movement of cryptocurrencies.