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Showing posts from June, 2020

What is GST Registration

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n the GST Regime, businesses whose turnover exceeds Rs. 40 lakhs* (Rs 10 lakhs for NE and hill states) is required to register as a normal taxable person. This process of registration is called GST registration. For certain businesses,  registration under GST  is mandatory. If the organization carries on business without registering under GST, it will be an offence under GST and heavy penalties will apply. GST registration usually takes between 2-6 working days. We’ll help you to register for GST in 3 easy steps. *CBIC has notified the increase in threshold turnover from Rs 20 lakhs to Rs 40 lakhs. The notification will come into effect from 1st April 2019.

WHAT IS GST IN INDIA?

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GST is an Indirect Tax which has supplanted numerous Indirect Taxes in India. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017. The Act became effective on first July 2017. The tax imposed and gathered by the Center until 1 July, 2017, that are subsumed by GST include Central Excise duty, Duties of Excise (therapeutic and toilet preparations), Additional Duties of Excise (goods of uncommon significance), Additional Duties of Excise (material and material items), Additional Duties of Customs, Special Additional Duties of Customs, Service Tax, and Central extra charges and cesses. The State charges subsumed under GST include State VAT, Entry Tax, Central Sales Tax, Entertainment and Amusement Tax, Luxury Tax, Purchase Tax, Taxes on ads, Taxes on betting, wagering and lotteries, and State extra charges and cesses identifying with the supply of wares and administrations.

INCOME TAX RETURN CONSULTING & FILLING SERVICES

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We are offering Income Tax return services , tax return filing preparation and all kind of tax returns consultant services. We provide tax consulting services such as: Income tax return & tax filing preparation Income tax advisory services Income tax: salary returns, business returns and other tax filing accounting services for Individuals, HUF’s, Firms, Companies & Society etc.

Welcome to iCreativez Consultancy Services

Creativez Consultancy Services is a premier professional services firm adding value to the business of its clients for more than 3 decades. We do this by providing a wide gamut of services in the financial space which range from Entry Level Strategy, Taxation consultancy services , GST, Audit and Assurance, Mergers and Acquisition to Corporate Financial and Risk Advisory. Today’s Business World demands quality professional services that are provided in a timely and a cost effective manner. We at iCreativez Consultancy Services believe in placing our client’s needs squarely in front at all times, understanding the complexities of their business environment and developing solutions in accordance thereof. Consistent, customized and workable solutions are offered to our clients backed with the highest level of efficiency and technology. We strive with an ever- increasing desire to fulfill the needs of our clients where quality counts.