What's New

CBIC is working on biometric authentication of risky entities under GST as it looks to crack down on fraudsters who are misusing the PAN and Aadhaar of other people to obtain GST registration. CBIC is working on biometric authentication of risky entities under GST as it looks to crack down on fraudsters who are misusing the PAN and Aadhaar of other people to obtain GST registration, CBIC chief Vivek Johri said.

Presentation

presentaions

Notification's

startup-complainces
What is startups Compliances ?

Startups are a growing phenomenon in the business world, and with the increasing importance of technology and innovation, many entrepreneurs are venturing into this area. However, startups face a variety of challenges, including regulatory compliance.

Filing the right returns is one of the key aspects of regulatory compliance that startups need to focus on. Returns refer to the forms or statements that businesses are required to file with the relevant authorities to report their financial and other information.

In the case of startups, there are several types of returns that they may be required to file, depending on their legal structure, the nature of their business activities, and other factors.

The Most Common Returns That Startups Need To file Are :
  1. Income tax return: As mentioned in the relevant section of the website.
  2. GST return (s): As mentioned in the relevant section of the website.
  3. TDS return: As mentioned in the relevant section of the website.
  4. Annual return with MCA: As mentioned in the relevant section of the website.

In addition to filing these returns, startups also need to maintain proper books of accounts and other records to support their returns. These records include invoices, bills, receipts, bank statements, and other documents that provide evidence of the startup’s transactions.

Filing returns can be a complex and time-consuming process, especially for startups that are just starting out. However, startups can simplify the process by using online platforms.

It is also important for startups to comply with the deadlines for filing returns. Failure to file returns or filing returns after the due date can result in penalties and other consequences, such as the loss of tax credits or the inability to carry forward losses.

In conclusion, filing returns is an essential aspect of regulatory compliance for startups. Startups need to be aware of the different types of returns that they are required to file, maintain proper records to support their returns and comply with the deadlines for filing returns. By doing so, startups can avoid penalties and other consequences and focus on growing their business.

Get in Touch?

    Your Name*

    Your Email Id* :

    Your Mobile No* :

    Message :

    Google Ads