GST

GST Rules And Guidelines : Do’s And Don’ts (Format Attached)

GST Rules And Guidelines :  Do’s And Don’ts (Format Attached)

GST (Goods and Service Tax) is a tax levied when a consumer buys a goods or services. The main aim of introducing GST is to bring all the taxes in a single umbrella. This bill helps to eliminate the cascading effect of taxes on production, distribution prices on goods & services. Goods & service tax refers to indirect tax which replaces taxes levied by the central & state government.
GST bill abolish indirect taxes like VAT, Service tax, excise, octroi. This post will brief you about GST Rules and guidelines and what you should do and what you shouldn’t

Rules & Guidelines

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Section 80G

Know about deductions under Section 80G

Section 80G: Deduction for donations towards Social Causes

The various donations specified in Section 80G are eligible for deduction up to either 100% or 50% with or without restriction as provided in Section 80G. Section 80G deduction not applicable in case donation is done in form of cash for amount over Rs 10,000. Continue reading “Know about deductions under Section 80G”

EBITDA

Why entrepreneurs can’t ignore EBITDA

EBITDA is the pulse rate of your company, and that’s also what makes it a sweet apple of investors eye. You just cannot ignore it, just cannot! It gives a clear reflection of your company’s ‘operating’ performance. There are many more ratios to check operating efficiency, but why this ratio stands away from the crowd is its ability to facilitate comparisons in the industry. Let’s dig into more. Continue reading “Why entrepreneurs can’t ignore EBITDA”

Udyog Aadhaar

Udyog Aadhaar: Government’s treat for small and medium businesses

Namaste from Moneyम्जी! MSMEs, you are the power house of the India’s economy. Feel proud of it. The government recognizes your importance and hence, promotes you, provides you enormous benefits. Udyog Aadhaar is a valuable present that the government has provided for small and medium businesses. Continue reading “Udyog Aadhaar: Government’s treat for small and medium businesses”

How to structure your salary to save taxes?

Namaste from Moneyम्जी!

Salary! What a simple word it is. Zoom in, and you will realize this simple word is made up of so many components. These components can decide your taxability factor. Would you like to take home most of your pay or would you like to save tax or how about striking a right balance?

Moneyम्जी will help you in understanding the components of salary.

See, salary has 4 components- Basic, allowances, perquisites and retirement benefits/contribution Continue reading “How to structure your salary to save taxes?”