Finance Facts

Turnover limit for GST Registration

In India, the turnover limit for GST registration is a pivotal criterion that defines the applicability of GST for businesses. GST, a comprehensive indirect tax, is levied on the supply of goods and services across the country. The turnover threshold acts as a demarcation point, distinguishing businesses that fall within the GST ambit from those that are exempt.

What is GSTIN

GSTIN stands for Goods and Services Tax Identification Number. It is a unique 15-digit alphanumeric identifier assigned to every individual

What is UAN Number?

The UAN (Universal Account Number) is a unique 12-digit number assigned to every employee who contributes to the Employee Provident

What is Financial Year and Assessment Year

The financial year (FY) and assessment year (AY) are fundamental terms in the realm of taxation and financial planning, playing a pivotal role in the determination and calculation of income tax liabilities for individuals and businesses. Understanding these concepts is crucial for complying with tax regulations and efficiently managing financial affairs.

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