Why you must hire GST Consultant?

Are you considering hiring a gst consultant in Delhi? Here is a guide for you to understand their services and why you must need them on board for your business

GST - Better known as Goods and Service Tax is the tax charged to a consumer for buying a good or service. These taxes may include service tax, purchase tax, luxury tax, excise duty, VAT, sales tax. It also banishes all other taxes like entertainment tax and surcharges. This helps broaden the base and leads to simplified and effective tax rates. GST consultants in Delhi can help you determine the amount of GST to be levied and registration for the same.

GST has several benefits like increase in foreign investments and GDP. It has also helped in reducing tax burden on different levels as well as on the final consumer. GST has also enabled cheaper imports and hence an increase in international competitiveness. 

Why does your business need a GST Consultant?

GST has enabled a lot many transformations in the corporate sector. It has brought new opportunities when it comes to supply chain. Businesses can now strengthen and broaden their distribution networks.

While this may seem like an easy thing to do, on paper it is not. One needs to completely understand GST laws and procedures before proceeding ahead. Many businesses are hiring CA in Janakpuri who can advise them about these laws. A top CA in West Delhi can advise you on renewing your IT system in purchase, finance and IT departments. The new tax structure can have severe impacts on the day to day running of your business. To make the process smooth, a GST consultant in Delhi can be the right choice.

What are the services provided by GST Consultants in Delhi?

The number of GST consultants in India has gone high since the introduction of GST bill. Most reputed CA in Janakpuri provide GST consultancy too.

They will offer you expert guidance on sale and purchase of goods. They also help with GST registration and implementation of effective GST. That is not all, they will also train you about the knowhow and teach you the implications of GST laws.

Why hire A GST Consultant?

GST implementation is mandate for all organisations. Whether you are a start-up or been in the market for long, your business must be GST compliant. GST compliance is easier said than done and has unique challenges. Hiring a GST consultant in Delhi can make the compliance easy. If you are in the business since long, you will have to revamp the entire organisation to make it GST compliant. This makes it all the more important to have a certified consultant on board. They can help you revamp your IT systems, invoicing and financial reporting.

Call to action

www.manishanilgupta.com are one of reputed GST consultants for corporates in India. The company provides GST registration and other services at highly competent rates. Get in touch and they will be happy to share a free quote for your business! 

Read more info about the NRI Return filing  in India,Trademark Registration in Delhi and Accounting services in west delhi

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Three reasons why you need a CA for your business

While most people think a ca is only for tax returns and trademark registration in India, there are other reasons too, why they are important for your business

Chartered accountants do not enjoy a positive reputation in our country. It comes with many reasons. Most people are often unaware of the job of a chartered accountant. It is a common misconception that a CA is only for tax returns and company registration in India. This, however, is untrue. In fact, if you think believe that, you may be missing out on huge profits.

A CA, besides offering tax consultation, also acts as a vision for the finances of your company. They can act as an investment consultants and offer lucrative investment options.

Here are some more reasons to convince you why a ca in Janakpuri is important for your business:

1. They help you with law compliance

Laws about finances are complex and rigid. Hence, having an industry expert on board is a great idea. Most tax errors do not occur due to wilful practice but due to unconscious neglect and errors. The more your organisation grows, more are the tax compliance to be followed. Hence, it is important to have an expert to give you best advice and make your business law compliant.

2. A CA helps in controlling expenses

Most businesses make plans for growth of their company. But more often than not, mere ideas are not enough. They must be backed up by adequate funding. A CA firm in Janakpuri is vital as they help you with right budgeting to create funds that you need for future plans. Whether you are starting a new venture or been in the business for years, you may need big chunk of capital for future goals. 

3. They help you with audits 

Audits - the term itself makes even the best of businessmen jittery. These are important for your stakeholders to confirm that you are financial balanced. Doing so, with your in house accountant is not possible. In fact, an audit report must be signed and certified by a professional. Hence, it is a good idea to have an external expert on board to prepare your audit report with authenticity.

A chartered account specializes in financial matters. They have required knowledge to take your company up a notch. Whether you need budgeting advice or looking for trademark registration in Delhi, India, a ca is important. 

Call to action

If you are looking for a certified CA in West Delhi, get in touch with www.manishanilgupta.com for legal and financial advice.

Source: https://www.prlog.org/12786059-three-reasons-why-you-need-ca-for-your-business.html

Become a legal owner of your brand name with trademark registration

Trademark registration in Delhi is important for every business. The article explains the various benefits that your company gets with trademark registration. 

So, you have thought of a creative brand name for business and all geared up to launch it into operations. Congratulations! But do you know the brand name is prone to copy or stolen? Hence, trademark registration in Delhi is important when setting up your business. Every business has a well thought name for its products or services. This name is often decided with an emotion attached. This name helps you stand apart from your competitors too.

What is trademark registration in Delhi?

Trademark registration is the process of registering a brand name. This makes the organisation become a legal owner of that very name. Getting your name trademarked also gives you a right to use that name to promote your business in anyway. Anything can be trademarked - an alphabet, phrase, symbol, a letter or any combination of these.

What are the benefits of trademark registration?

1 . Trademark registration comes with a myriad of benefits. Besides offering a unique identity to your business, it helps your customers distinguish your brand from others.

2.If you get your brand registered, you can protect it from infringement. In today's competitive market, there are people who resort to unhealthy ways to get ahead. They may use a successful brand to tarnish the image. By getting legal ownership of the name, you can take a legal action against such malpractices.

3. A registered brand name helps in creating a goodwill among customers. It instils a confidence in buyers that you are selling a genuine product.

4. A trademark registration also helps in offering the important details about the organisation. This helps in further instilling more confidence in customers.

5. The process of trademark also offers a unique identity to your business. With legalizing your name, you get exclusive rights to promote your business. If your name is already registered, the same cannot be allotted to any other party.

As you can see, trademark registration in Delhi, is an important tool for business. To make your business successful, it is important that you give your brand name a unique identity. This helps you safeguard your identity and protect your brand from infringement.

Trademark registration is an important process associated with the business organization. To do a prosperous business, every organization must follow this rule. This will provide unique identity to the brand. Apart from this, it will help in spreading goodwill & protecting products from infringement.

Call to action:

www.manishanilgupta.com specialize in trademark and company registration in India. The firm also specializes in ROC filing services in Delhi. 

Source:https://www.prlog.org/12785211-become-legal-owner-of-your-brand-name-with-trademark-registration.html

Learn to read a P&L Report

Business is nothing but a cluster of many different tasks. If you have entered the business market, you may find a lot many tasks which are cumbersome. One of such tasks, often loathed by many business tycoons too, is finance. No matter how much you hate handling finances, you cannot take granted. There are many firms providing accounting services in West Delhi. They help you with many aspects of finances, like tax, balance sheet, audits and P&L accounts. 

A profit and loss account is nothing but a summary of your incomes and expenses over a period of time. The statement is being prepared often for a year. Whether you do your own finances or hire a ca in Janakpuri, it is important to know how to read the statement. This will help you understand the financial condition of your business. 

To help you understand better, here are the common parts of a P&L Statement:

1. Cost of Goods sold

This is the direct cost you incur in production of goods.

2. Operating costs

These include overhead expenses that you incur in daily basis of your business. These expenses may vary as per the product you deal in. Salaries, marketing costs and rent are some common inclusions.

3. Sales

As the names suggests, this means the revenue received from selling the goods. The goods here mean only the product you are dealing in.

4. Gross profit or gross loss

The amount left after subtracting cost from revenue earned. The gross profit reflects the profitability ratio of the company.

5. Operating profit

The amount left after reducing operating expenses from gross profit. It reflects the profitability of your business after taking into account all the daily expenses.

6. Other incomes/expenses

These are extra incomes or costs which are not regular in the daily operations of business. These may include an interest earned, earning from selling an old machinery etc.

7. Net profit before taxes

This is the most important component of P&L statement. It shows the profitability factor of your business after considering all expenses. The amount also includes the tax which will be paid.

8. Taxes

As the name suggests, it is the amount due for the company to pay. To know more about taxes, rebates and returns, you can consult a ca in Janakpuri.

It is vital that you are aware of profitability of your business. It is the first step towards becoming a sound businessman. The P&L statement can help you identify what led you to losses, costs going out of hand and suggest how you can improve.

It is also an essential aspect for banks and other lending institutions. A quick glance at your statement can help the banker decide whether to give you loans in future or not.

Call to action:

www.manishanilgupta.com is an experienced chartered accountancy firm in Janakpuri. The company is also one of the leading firm for NRI Return filing in India. 

Source:https://www.prlog.org/12783975-how-to-learn-to-read-pl-report.html

Pros and Cons of GST in India

GST - Goods and Service Tax, as we all understand, is applicable on purchase of a good or service. The tax application has replaced all other indirect taxes. Numerous taxes levied by Central and State Government are now replaced by a single law. The GST applies to manufacturer, seller as well as consumer. GST consultants in Delhi are aware of changes and implication and are ready to help you with doubts.

Understanding the benefits of GST

1. Transfer of tax liability

Indian tax system is one of the most complicated one compared to other countries. It has left quite a cascading effect. Since the tax liability was given to every next person in transaction cycle, it led to a significant increase in price of a good or service. GST has come as a solution to the same, and the burden of tax is now on the consumer. The industry can hence have a better control on funds and maintain a better cash flow. The elimination of transfer of tax liability is the biggest pro of GST bill.

2. Better control on tax evasion

Taxes can be complicated. The input tax, as per the law, is creditable to service provider only if the same is mentioned in their return. This ensures that the supplier is honest at the time of filing tax returns.

3. Better transparency

In order to utilise the benefits of GST, one needs to share all information in their paperwork. A retailer registered cannot have hidden costs. To become a registered retailer and avail these benefits, you can consult a top ca in West Delhi. 

4. Better support to small business 

Reduction in tax liability has made way for small companies to join the business league. There are many schemes under the GST bill that are fruitful for small companies.

5. Better threshold with GST

With VAT system, any company with a turnover of more than 5 Lakh had to pay due taxes. The threshold is now 20 Lakh, making it easier for small businesses to operate.

Understanding the Cons of GST?

1. High cost of operations

One of the biggest disadvantage of GST is the high operational cost of business. This is due to excessive training required for employees to help them understand GST. You can however simplify this by the help of GST consultants in Delhi.

2. Need for GST consultant in Delhi for every invoice

GST has made it easy for small businesses to become independent and successful. But it also needs them to have GST implementation for every invoice. This compliance needs them to have a professional on board all the time.

3. Decrease in tax exemption

The tax exemption is now decreased from 1.5 crores to mere 20 lakhs. This is not a good news for many indigenous manufacturing companies.

4. GST returns have to be filed online

While this may not bother a lot many of us, it is still a drawback for many people. The earlier taxes were done manually. it was easy for small business owners, many of whom were not very tech savvy. The online system needs you to upload invoices, this might be difficult for many people. If you are facing the same issue, you can get in touch with a ca in Janakpuri to help you file returns.

While it is a good idea to weigh the pros and cons of GST, it is something you cannot escape. The GST law is not complicated, but sure needs a thorough understanding. If you are new in business or GST seems confusing to you, GST consultants in Delhi are just a call away.

Call to action:

If you still have queries about the GST bill or its return filing, you can contact GST consultants. www.manishanilgupta.com are reputed advisors for GST return filing and registration.

Source:https://www.prlog.org/12782949-pros-and-cons-of-goods-and-services-tax-in-india.html