Lesson
The Income Tax Department's ITR-5 form is intended for use by organizations including businesses, limited liability partnerships (LLPs), associations of persons (AOPs), bodies of individuals (BOIs), artificial judiciary persons (AJPs), estates of the deceased and insolvent, investment funds, and business trusts to file income tax returns. When there are no transactions or obligations to be recorded and paid in that return for that specific tax period, Form GSTR-3B can be filed as a nil return. If you have not received any goods or services, have not made any outward supplies, and have no tax due, you may file a nil return. GSTR-1 is a monthly or quarterly return that should be filed by every registered GST taxpayer, except a few as given in further sections. It contains details of all outward supplies i.e. sales. The Composition Levy is a program under the Goods and Services Tax (GST) that aims to lessen the burden of compliance for small enterprises. Instead of completing the standard GST compliance procedure, qualified taxpayers may opt to pay a predetermined percentage of their turnover as tax under the Composition Scheme. Taxes can be defined as "an economic burden imposed on individuals or property owners to support the government. Payments are required by legislative authorities. Taxes are "not voluntary payments or gifts, but compulsory contributions imposed under legislative authority. TDS refers to the tax that is deducted when the buyer of goods or services, such as government departments, makes payments under a business contract. Employee contribution rate to EPF: 12% of Salary (Basic + DA Allowance) Employer contribution rate to EPF: 3.67% of Salary (Basic + DA Allowance) Employer contribution rate to EPS: EPF – EPS or 8.33% of Salary (Basic + DA Allowance) i.e. above Rs. 15,000 than Rs. 1,250 In Apache Kafka, a consumer group is a high-level abstraction that represents a group of consumers working together to consume messages from one or more Kafka topics. The Indian government established the Employees' Provident Fund Organisation (EPFO) as a statutory entity. Its primary goal as the nation's largest social security agency is to help people save money for retirement, among other things. Established in 1951, EPFO is governed by the Ministry of Labour and Employment. The kinds of documentation needed for a business's GST (Goods and Services Tax) registration in India can differ depending on the kind of business and what it does. But in general, the following set of paperwork is required for GST registration: