It has been more than 2 years since GST first implemented. But still, some people are unaware of the important details of GST and do not know how to do GST registration in Mumbai.

1. Filing GST Returns in Time

You should file your GST returns in time to avoid any notices from the Government. The government penalizes you if you do not file your GST Return on time. You will also have to pay interest on your Return.

1. Uploading Data in GSTR 1

GSTR 1 filing requires you to provide various details. You cannot amend the details once submitted. Hence the details you provide must be correct and you should also ensure that there are no mismatches in the data found at the time of GST Reconciliation.

1. Maintaining Proper Documentation

One of the important parts of not being on the wrong side of the tax filing is to maintain your documents properly. Even if your business does not under GST audit criteria, you should keep the healthy habit of maintaining proper documents.

1. Reconciling GST Returns with your Books of Accounts

This is to help you in identifying the errors and omissions. Reconciling saves you a lot of time, interest and penalties as all the errors or omissions are already found and addressed before.

1. Reconciling E-Way Bills Issued with the invoice details furnished in GSTR 1

You should always reconcile your e-way bills issued with that of invoice details under GSTR 1. The government can send you to notice in case of a mismatch of invoice details.

1. Reconciliation between GST Returns

If you reconcile your purchase register with your GSTR 2A, you can get accurate Input Tax Credit.

1. Reverse-Charge Mechanism (RCM) concept

You are entitled to claim ITC in case of reverse charge payments. It is also important to stay updated about all the important notifications issued by the government regarding the reverse charge mechanism

1. Information GST Authorities regarding a change in business

If there are any changes in the details of business filled during the registration, you need to inform the GST authorities 15 days before the changes an application must be submitted o the GST portal.

1. GST Audit

If your business turnover exceeds 2 crores INR mark you should get your books of accounts audited by a CA or CMA.

BDS Legal Services is one of the best GST registration service provider in Mumbai. Reach us to know more.

It has been more than 2 years since GST first implemented. But still, some people are unaware of the important details of GST and do not know how to do GST registration in Mumbai.

1. Filing GST Returns in Time

You should file your GST returns in time to avoid any notices from the Government. The government penalizes you if you do not file your GST Return on time. You will also have to pay interest on your Return.

2. Uploading Data in GSTR 1

GSTR 1 filing requires you to provide various details. You cannot amend the details once submitted. Hence the details you provide must be correct and you should also ensure that there are no mismatches in the data found at the time of GST Reconciliation.

3. Maintaining Proper Documentation

One of the important parts of not being on the wrong side of the tax filing is to maintain your documents properly. Even if your business does not under GST audit criteria, you should keep the healthy habit of maintaining proper documents.

4. Reconciling GST Returns with your Books of Accounts

This is to help you in identifying the errors and omissions. Reconciling saves you a lot of time, interest and penalties as all the errors or omissions are already found and addressed before.

5. Reconciling E-Way Bills Issued with the invoice details furnished in GSTR 1

You should always reconcile your e-way bills issued with that of invoice details under GSTR 1. The government can send you notice in case of a mismatch of invoice details.

6. Reconciliation between GST Returns

If you reconcile your purchase register with your GSTR 2A, you can get accurate Input Tax Credit.

7. Reverse-Charge Mechanism (RCM) concept

You are entitled to claim ITC in case of reverse charge payments. It is also important to stay updated about all the important notifications issued by the government regarding the reverse charge mechanism

8. Information GST Authorities regarding a change in business

If there are any changes in the details of business filled during the registration, you need to inform the GST authorities 15 days before the changes an application must be submitted o the GST portal.

9. GST Audit

If your business turnover exceeds 2 crores INR mark you should get your books of accounts audited by a CA or CMA.

BDS Legal Services is one of the best GST registration service provider in Mumbai. Reach us to know more.

It has been more than 2 years since GST first implemented. But still, some people are unaware of the important details of GST and do not know how to do GST registration in Mumbai.

1. Filing GST Returns in Time

You should file your GST returns in time to avoid any notices from the Government. The government penalizes you if you do not file your GST Return on time. You will also have to pay interest on your Return.

2. Uploading Data in GSTR 1

GSTR 1 filing requires you to provide various details. You cannot amend the details once submitted. Hence the details you provide must be correct and you should also ensure that there are no mismatches in the data found at the time of GST Reconciliation.

3. Maintaining Proper Documentation

One of the important parts of not being on the wrong side of the tax filing is to maintain your documents properly. Even if your business does not under GST audit criteria, you should keep the healthy habit of maintaining proper documents.

4. Reconciling GST Returns with your Books of Accounts

This is to help you in identifying the errors and omissions. Reconciling saves you a lot of time, interest and penalties as all the errors or omissions are already found and addressed before.

5. Reconciling E-Way Bills Issued with the invoice details furnished in GSTR 1

You should always reconcile your e-way bills issued with that of invoice details under GSTR 1. The government can send you notice in case of a mismatch of invoice details.

6. Reconciliation between GST Returns

If you reconcile your purchase register with your GSTR 2A, you can get accurate Input Tax Credit.

7. Reverse-Charge Mechanism (RCM) concept

You are entitled to claim ITC in case of reverse charge payments. It is also important to stay updated about all the important notifications issued by the government regarding the reverse charge mechanism

8. Information GST Authorities regarding a change in business

If there are any changes in the details of business filled during the registration, you need to inform the GST authorities 15 days before the changes an application must be submitted o the GST portal.

9. GST Audit

If your business turnover exceeds 2 crores INR mark you should get your books of accounts audited by a CA or CMA.

BDS Legal Services is one of the best GST registration service provider in Mumbai. Reach us to know more.

What is ISO 14001?

ISO 14001 is an international standard that framework requirements for an Environmental Management system.it provides organization with architecture to continually improve their environmental performance in order to reduced waste, cutting the costs, and customers that they are growing continuous.

What is the scope of ISO 14001 certification in Singapore?

ISO 14001 certification in Singapore helps an association get the intended outcomes of its environmental management system, which contribute value for the environment, the association itself and interested parties. Consistent with the organization’s environmental policy, the intended outcomes of an environmental management system include: One of important principles behind implementing an Environmental Management (EMS) using the requirements of ISO 14001 is the essential for continuous improvement within your EMS.it is better way to work towards continuous improvement and gain the benefits that this gives to your organization.

What is continuous improvement?

Continuous improvement is method for identifying opportunities for streamlining work and reducing waste. Continuous improvement is now being used by thousands of companies all over the world to identify savings opportunities.so continual improvement is used to monitor, plan and realize improvement in some processes that have been identified for improvement.

The continuous improvement cycle works like this:

• commitment and policy
• planning
• implementation
• Evaluation
• Review

first you create goals and set programs for your corporate environmental management system. You regularly monitor your progress with these programs and adjust your plans to better meet your commitments. At the planned cycle timeline, your top ISO 14001 Consultants and environmental managers meet and review these plans and the EMS, before deciding on any changes that need to be made in order to improve.

And then the cycle begins again, resulting in year after year of organization improvement.

In addition, if all your goals are met and the current EMS is working absolutely the review period should result in the creation of new environmental programs to deal with projects and issues that have not yet been addressed.

This whole ISO 14001 Environmental Management system is meant to regularly improve upon itself so that your organization is always able to make progress. The promise of annual growth and achievement offers a lot of benefits, if you commit your entire association to the process.

What are benefits of ISO 14001 Certification in Singapore?

It is becoming more and more essential to establish that organizations are reasoning about their environmental impact and putting in place systems that will not only advantage the environment but will also decrease costs and improve efficiency within the organization.

ISO 14001 certification certification consultant in singapore can improve an organization’s bottom line through improved environmental performance. A properly designed environmental management system (EMS) is a tool which enables an organization to achieve and systematically control its level of environmental performance. The Environmental Management system triggers procedural and technological changes that can decrease production costs. The requirement for continuous improvement in environmental impacts drives more productive use of all inputs, including energy, labour and raw materials. Decreasing pollution means improved productivity and more efficient use of resources.

The benefits of representation conformance to the ISO 14001 standard are various

• recycling and consumption, Cost savings in waste
• Advantage over competitors when tendering for business.
• Compliance with individual countries environmental regulations
• Establishing your commitment to improving the environment
• Can reduce insurance over cost.
• Shows you are exposed future focused organization
• Can increase customer engagement in the knowledge that they are working in an environmentally friendly organization
• Decreased energy consumption
• Maintaining potentially fewer surveillance visits from regulatory agencies.
• Decreased environmental liability and enforcement fines
• Management of environmental risks.

How to get ISO 14001 certification in Singapore?

If you are searching difficult to implement this management system or confused on how to get ISO 14001 certification in phillippines  Certvalue is the top ISO Consulting organization that will help to receive your organization Certified. kindly feel free to contact us contact@certvalue.com or www.certvalue.com.