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Harshit tiwari

Be optimistic • 1y

Anyone please explain following questions :- What is difference between loss & liabilities? If I go for sole proprietorship ,then is it mandatory to file compliance ? Can I hire employees in sole proprietorship? Can I use saving account for sole pr

Shrutika

Radhe radhe !❤️😄 • 1y

Loss is thing if you sale a product at 2 rs and the making cost was 3rs Then loss is one rs Where as if you took loan to make that product i.e 3rs Then the liability is 3 rs , 2 ) Yes You can hire employees, As My Mother is Sole Proprietor

Harshit tiwari

Be optimistic • 1y

Is it mandatory to take GST in sole proprietorship & What compliance maintain in sole proprietorship

Shrutika

Radhe radhe !❤️😄 • 1y

Generally the registration requirements for GST depends on your threshold of business/ services of a particular State, but still it can also depend on what type of business/ service are you dealing with

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