Can You Use a Residential Address for GST Registration?
Residential Address
Quick answer: Yes. You can use your home as the principal place of business for GST registration, whether…
What Happens If a Supplier Does Not Pay GST After You Claim ITC?
Supplier
Quick answer: If your supplier does not deposit GST after you claim Input Tax Credit (ITC), the GST…
Financial Modelling for UAE Businesses: How to Forecast Costs, Cash Flow and Profit
Direct Answer Financial modelling for a UAE business means building linked forecasts of costs, profit and cash flow…
Is GST Registration Required for a Home-Based Business?
GST Registration
Quick answer: It depends on your turnover and the nature of your supplies, not on working from home.…
Can One Person Have Two GST Registrations for Different Businesses?
One Person
Quick answer: Yes, but only in specific cases. GST registration is PAN-based and state-wise, so one person with…
When Does a Proprietorship Need a Tax Audit?
Proprietorship
Quick answer: A proprietorship needs a tax audit under Section 44AB when business turnover exceeds ₹1 crore (or…
Tax Audit Applicability for Business: Turnover Limit and Conditions
Tax Audit Applicability
Quick answer: Tax audit applicability for business depends on annual turnover, gross receipts, cash transaction limits, and the…
What Happens If Tax Audit Is Not Completed Before the Due Date?
Tax Audit
Quick answer: If your tax audit report is not filed by the due date, you can face a…
What Is Clause 44 in a Tax Audit, and What Details Are Required?
Clause 44
Quick answer: Clause 44 of Form 3CD in a tax audit asks for a breakup of your total…
Loan From Director or Partner: How Should It Be Shown in Books?
Loan from Director
Quick answer: A loan from director should be recorded in a separate unsecured loan account under borrowings from…