TaxQue Categories

Unlocking the Benefits of GST Quarterly Return Filing for Small Businesses

The Central Board of Indirect Taxes and Customs (CBIC) has introduced the Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme under the Goods and Services Tax (GST) for the benefit of small taxpayers with a turnover of less than Rs. 5 crores. This initiative allows businesses to file GST returns every quarter, reducing both costs and administrative burdens associated with monthly filing. This article delves into the details of the GST Quarterly Return Filing Option for Small Busin ...

Read More

Proprietorship vs Firm: How to Choose the Best Business Structure for Your Needs

How to choose between a proprietorship and a firm for your business?If you want to start your own business, you need to decide what kind of business structure you want to use. The business structure affects how you run your business, how much tax you pay, and how much risk you take. In India, there are many types of business structures, such as proprietorship, firm, company, limited liability partnership, etc. In this blog, we will talk about two of the most popular business structures in India: ...

Read More