Finsec Solutions

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Finance and Accounting Outsourcing
Why outsource your finance department?
Finance and accounting outsourcing is a growing trend among middle market and high-growth companies, providing a cost-effective way for organizations to improve the finance and accounting function. The key benefits of outsourcing include fractional use of finance and accounting professionals, enhanced processes and technologies, and stronger compliance measures.

Outsourcing enables organizations to scale resources up and down as needed with no obligation to pay salaries or benefit costs. Additionally, it alleviates the burden of hiring, training and maintaining accounting staff.

Organizations can take advantage of advanced technology platforms to gain real-time visibility into their businesses.

What is GST Registration?

Under any taxation law, registration is the most fundamental requirement. A supplier of any goods or services needs to get registered under GST as per the applicable criterion. Under GST, without registration a person can neither collect tax from his customers nor can he claim credit for the tax paid by him. Registration under GST is State-wise and it is PAN based.

Who are required to be registered under GST?

The answer to this question depends on the aggregate turnover of the supplier of goods or services in a financial year. Every supplier whose aggregate turnover in a Financial year exceeds Rs 20 lakh is liable to be registered under GST. However, the limit of Rs 20 lakh will be reduced to Rs 10 lakh if the person is supplying goods or services in a Special Category States.

Further, Notification No. 10/2019 exempts any person who is engaged exclusively in supply of goods (i.e. not providing any services) having aggregate turnover in the financial year upto Rs 40 lakh from registration requirement i.e. such persons are not liable to be registered even if their aggregate turnover exceeds Rs 20 lakh or Rs 10 lakh.

Finsec Solutions updated their business hours.

Finsec Solutions updated their website address.

Ladies and Gentlemen,

It is my great pleasure to announce the opening ceremony of our short step to the big dream, Finsec Solutions Accounting and Bookkeeping.

We are a team of Accounting and Finance professionals which includes CAs, ACCAs, CPAs, CMAs, CFPs and other Accounts and Finance experts. This is a complete platform for Bookkeeping, Tax Consultancy and Financial Management and Financial Planning.

Last but not the least, We expect and appreciate your continued support for the future.

Have a wonderful day!