Every budget brings some changes to tax laws every year and budget 2018 was no different. The changes brought in Budget 2018 are applicable form 1st April 2018 i.e. AY 2019-20. The due date for filing the returns for 2019-20 is fast approaching and here are some major changes that Budget 2018 has made which will affect the computation of your income.
The business structure you choose influences everything from day-to-day operations, to taxes, to how much of your personal assets are at risk. You should choose a business structure that gives you the right balance of legal protection and benefits.
GST has undoubtedly transformed the business environment in India. Many businesses have become more organised as their business partners prefer dealing with organised businesses to ensure that input tax credits are not lost. This means that you can survive in the market only if you are registered. Here is a comprehensive guide to GST registration process.