#AnyTaxes

[getmyca-blog]

GET GST Registration With Get My CA

GST refers to Goods and Services Tax which subsumes all taxes such as Sales tax, Service tax, Excise duty etc. into GST. GST registration is required primarily if your annual sales are more than Rs. 20 Lakh. Even if your sales are less than Rs. 20 Lakh, we suggest that you voluntarily opt for GST registration because

You will not get anytax refunds on purchases (e.g. if you buy goods worth Rs 1 lakh in a year, and tax rate is 28% – you will lose tax refund of Rs. 28,000).You cannot selloutside your state...

GST registration typically takes between 2-6 working days. You need tofile your application with the department and sign it with your digital signature. GST Registration can be done through GetMYCA.

WHO ALL NEED GST REGISTRATION?

The registration in GST is PAN based and State specific. Supplier has to register in each such State or Union territory from where he effects supply if he fulfills any of the following conditions:

Individuals registered under the Pre-GST law (i.e., Excise, VAT, Service Tax

Businesses with turnover above the threshold limit of Rs. 20 Lakhs (Rs. 10 Lakhs for North-Eastern States, J&K, Himachal Pradesh and Uttarakhand)

Casual taxable person / Non-Resident taxable person..

Agents of a supplier & Input service distributor..

Those paying tax under the reverse charge mechanism..

Person who supplies via e-commerce aggregator...

Every e-commerce aggregator

Person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person.

To know more:-https://www.getmyca.com/gst-registration

[findandselect-blog]

Military Tax Tips has been published on Find and Select Business Reviews

New Post has been published on http://www.findandselect.com/tips/military-tax-tips.html

Military Tax Tips

Hi, I'm Pong Xiong with the Minnesota Departmentof Revenue and I'm also a Marine Corp Veteran.

Did you know U.

S.

military members and veteransmay be eligible for special tax benefits? These benefits could help reduce your overallincome tax liability, which may save you money.

It's one of the ways we honor the serviceof military members who call Minnesota home.

If you're a Minnesota resident receiving federallytaxable military pay, you may be eligible for a subtraction.

Both current and retired military servicemembers are eligible.

This may lower your Minnesota taxable income.

If you are a veteran of the U.

S.

military,including the National Guard and Reserves, do not miss out on the "Credit for Past MilitaryService.

" You may qualify for a tax credit of up to$750 for your past service.

That's a dollar-for-dollar reduction of anytax amount owed.

If you've served in a combat zone or qualifiedhazardous duty area, you may qualify for a credit for your service.

The credit for service is $120 per month orpartial-months served.

And as a member of the U.

S.

military, youmay get an automatic extension if you cannot file or pay your Minnesota income tax by thedue date.

The exact extension rules depend on your dutystatus and where you're stationed.

To learn how to apply for these tax benefitsand to see if you qualify, go to www.

Revenue.

State.

Mn.

Us and click on "Members of the Military.

" Thank you for your service.

Source: Youtube