GST Composition scheme GST Composition scheme is a scheme available to small taxpayers who are registered under the Goods and Services Tax (GST) in India. This scheme allows taxpayers to pay taxes at a fixed rate on their total turnover without having to calculate the tax on individual transactio...
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Digital Signature Introduction of Digital Signature A digital signature is exactly what it sounds like a modern alternative to signing documents with paper and pen. It uses an advanced mathematical technique to check the authenticity and integrity of digital messages and documents. It guara...
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Will Indians Earning Rs 7 lakh Per year have to Pay tax or not Let’s clear out the biggest Confusion of Budget 2023-24 FM Nirmala Sitharaman announced that the rebate limit Has been increased from Rs. 5 lakh To Rs 7 lakh under the new tax Regime, which means an annual Income of up to Rs...
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BUDGET HIGHLIGHTS 2023 Union Finance Minister Nirmala Sitharaman on Wednesday presented the Union Budget 2023, the fifth budget of Modi 2.0. In the last full-fledged Budget before the general elections next year, Nirmala Sitharaman said that the Indian economy is on the right path and heading tow...
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All You Need to Know about GST Introduction GST is the new indirect tax system in India. GST was first introduced in India on July 1, 2017. It is a single tax on the supply of goods and services, from the manufacturer to the consumer. GST is levied at every stage of the supply chain, with c...
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How to View Trial Balance in Tally Prime The Trial Balance in Tally Prime is a summary of all the ledger balances. It helps in checking whether the transactions are correct and balanced. If the journal entries are error-free and posted correctly to the general ledger, the total of all debit ...
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