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GST

Composition scheme biz need not file purchase details while filing GST quarterly returns

 

Businesses opting for composition scheme under GST need not file details of purchases made from their vendors at the time of filing quarterly return GSTR-4, the Finance Ministry said Wednesday.

In a clarification, the ministry said there have been doubts regarding the manner of filing the quarterly return by composition dealers in Form GSTR-4 in the absence of auto-population of the details of inward supplies received from registered suppliers.

“In this regard, it is to clarify that the taxpayers who have opted to pay tax under the composition levy shall not furnish the data in serial number 4A of Table 4 of Form GSTR-4,” the ministry said in a statement.

Serial number 4A of Table 4 of Form GSTR-4 gives details of purchases made from GST registered vendors.

Over 18 lakh businesses opted for composition scheme, which allows them to pay taxes at a concessional rate and makes compliance easy under the Goods and Services.Tax (GST) regime which was rolled out on July 1, 2017. Businesses with annual turnover of up to Rs 1 crore can opt for the scheme.

The last date for filing GST returns for the July-September quarter for such dealers is October 18.

SOURCE- Economic Times.

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Investment Advisory

Women and Financial Independence

This is based on the lives of 4 women I know personally who have been cheated by their husbands. I am not getting too much into the details, but all the 4 stories have had a pattern….

H and W get married…live well. Then the H turns and says “listen why do you not look after the family and be a housewife”. In some cases the wife said “I will stay at home” or the husband says “stay at home”.

So the 28 year old woman gives up her job and becomes a housewife. Great.

Then one fine day the wife finds out about the “other woman”. In one case it was after the “other woman” was pregnant.

Wrong? Right?

None of my business. I am not passing a value judgement. Just saying that the spouse who wants to separate plans in advance and changes all the assets to single name. The other spouse will not know about this. I have seen women changing (when they wanted to leave their husbands for a different guy), and have seen men doing it too.

So how do women keep their independence in place if they give up their careers for looking after the family?

Well. I do not know. I would suggest the following:

The wife should take a salary from the H to look after her house/ their house whatever you want to call it.

What should she do other than this? Make sure that she is a joint holder of the property in which they live or a house of equivalent value in a location where she would like to live.

She should make sure that her husband’s life insurance policies are in her control and she sees her name as a nominee. No compromise on that. She should also ensure that SHE has enough cash flow to pay the premium on HIS LIFE. Her life insurance does not matter – she would be dead for it to be claimed.

She should have some investments at least which are in her name – the H could be the nominee. Make sure that there is at least one bank account where the W is the single holder.

If the parents of the W are dependent on her then there should be some life insurance in which her parents are the nominee.

What about the kids? Well it is the parents responsibility.

I know of fathers who have said “I do not have money” for their kids education. Our maid pays for the children’s education. I have no clue why he does not contribute, but I hear from her that he does not and she has to bear the costs herself.

Think about your financial independence and the financial fidelity of your husband before you chuck the job….

SOURCE- Subramoney

 

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Investment Advisory

If You Want Better Tomorrow, Start It Today….

 

SIP ( Systematic Investment Plan) is one of the greatest tool to create wealth in long term.

You have to start saving today.

Develop a regular savings habit. Avoid all unnecessary wastage’s of money. Savings is necessary if you want to build up your portfolio and achieve your financial goals. There’s no other way around it.

If you want to learn more about our smart plans Contact Us or Visit Our Office

CALL US ON 0231-2656520

 

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Investment Advisory

To Build Wealth Using MUTUAL FUNDS

MUTUAL FUNDS sahi hai !

Mutual fund Investments Are Subject To Market Risks, Read All Schemes Related Documents Carefully

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Investment Advisory

Why Women Need RETIREMENT PLANNING ?

 

Today, both men and women need to plan for retirement. With rising inflation, goods and services have become really costly. If you struggle with bills today, how will you pay the bills after retirement, when you don’t have a job? So why do women need retirement planning? Women in India have a higher life expectancy than men. Married women are also generally 3-4 years younger than spouse.

There are chances, women can outlive their husbands by a decade. While men plan for their retirement, chances are they might have forgotten to keep sufficient money aside, if their spouse outlives them.

So women, this International Women’s Day, there is something important to do.

Good retirement planning. Want to know more on retirement planning? We at Vision Money Mantra will make it easy for you

#HAPPYINTERNATIONALWOMENSDAY

Contact 0231-2656520 or DM us

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Investment Advisory

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Investment Advisory

START INVESTING IN MUTUAL FUNDS

DREAMING OF A PEACEFUL & RELAXED LIFE ….

Begin With the

RIGHT SIP AMOUNT

For Further Details Contact Us On – 0231-2656520

 

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Investment Advisory

Smart Investments for Smart Future…START SIP TODAY ✨💰

START SIP TODAY ✨💰

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GST

ADMISSIONS OPEN for 4th Batch- GST Classes_Vision Knowledge Center

Hey All

Remember ??

SEPTEMBER Starts ….

Time to file GST Return…….

Even

It is Important To Learn

How to file GST Return ?

We teach What is GST ? (In short period)

Hurry Up…. 4th Batch (Limited Seats)

 

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Investment Advisory

Have you SAVED for Higher Education for your child ???

Do you know what your child will become & at what expense ?
Education cost is increasing !!!
Start SIP Investment Planning Now…& secured your child’s future
Call our expert financial advisor 0231-2656520 ; 8624892442 for further details

 

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