B. Pramanik Association is a renowned law practice firm that handles a variety of legal issues. GST & Income tax is one of them. GST is a tax that the government charge on product and services whereas Income tax is determined based on the overall amount of income a person earns over a financial year.
B. Pramanik Association assists businesses and firms in calculating actual GST and income tax as per the Government rules and regulations.
The issues with India's current indirect tax system, which is a significant barrier to the creation of a single common market and future economic progress, would be greatly reduced by the implementation of a contemporary Goods and Services Tax (GST).
GST and income taxes are important to a country's economy because they determine how much each individual is paid and how much they are contributing to the welfare of the country.
Direct tax includes Income tax, corporation tax, property tax, Wealth Tax, Inheritance Tax, Gift Tax
Indirect tax: Excise duty, Service tax, sales tax, VAT now they have all combined as a GST
The government has a few guidelines and regulations for applying the GST.
An applicant for GST:
All GSTs are applicable. According to the business and income module.
Income tax is a form of direct taxation that the government levies against individual earnings. These earnings are divided in 5 forms
B. Pramanik Association has experience with all types of taxes, paperwork, and offering services in a clean manner.
To calculate GST you must be aware Net price of the goods and the relevant GST rate that applies to the Good GST may vary 5%. to 12%), While income tax is a direct tax on certain types of income that the government has established for a certain amount.
while they both are taxes but different from each other
Yes, GST is a taxable income
Government uses these taxes for the county and regional needs, including infrastructure, water management, road construction, energy, etc.
Income Tax is a Direct tax that government takes on some particular earing.VAT is an old form of GST.
Our staff includes skilled lawyers who have helped several clients submit their income taxes and GST.
Yes it differs from business to business. It may vary on the percentage as well.
It is advised to file your income tax and GST returns on time because failing to do so could result in significant problems down the road.
According to government regulations, taxes and GST are also applicable to freelancers. whether from work or a business, if your revenue will be reflected in your account then you are applicable to GST and Income tax as per the government rules.
Indeed, you can pay your income tax and GST online. There are some online payment options for income tax and GST.
When I first applied for income tax, I was really puzzled. B. Pramanik Association,
however, clarified all of my questions and helped me access my income tax in a
straightforward manner. I now retain them permanently for all of my legal and income tax-related work. completely delighted with their performance and perfection.
It has been a pleasure working with B.Pramanik Association and their team. They gave me a clear explanation of the laws and income tax-related issues as my case was little completed but they did an amazing job and clear my all doubts. I am extremely satisfied with