GSTR-9 has been launched by Central Government on GST Portal. This form has been launched by government to submit the consolidated annual detailed statement of GST for the financial year.
NBFC stands for Non-Banking financial companies. These companies, registered under the Companies Act, 1956 are responsible for loan, advances, share acquisition, debentures, stocks and security transactions. In other words, an NBFC company can be def
Angel tax is a term dedicated for direct income tax levied upon the start-ups in lieu of the funds raised through the angel investors. The tax procedure has been decided to be put up on the exact value more than the fair value or fair market value.
In a great relief and to give boost to small business and startup entrepreneur, GST Council has today increased the annual turnover exemption limit from Rs. 20 lakh to Rs. 40 lakh for goods supplie
The trademark is the term given to something that defines the business done by a person. It can be logo or a pattern or any kind, which tells the other person about the business carried out by the
People are required to register their shops and establishments if they plan on opening a shop, hotel or any commercial place within their state. It is required to get the license within 30 days of commencement of work.
It is mandatory for a person to register for the import and export code in order to carry put import and export of goods within the country legally. A 10 digit code is provided to the person who registers for the IEC.
This is one of the recent tax forms introduced in India and encompasses other forms of taxes levied as VAT, service tax, entertainment and luxury tax, and excise duty. It is mandatory for the person to register for the GST tax if their turnover is
Food license is issued to the people who are involved in the food packing, storing, manufacturing and the export business. It is required for every person to get this license to take up the work in the food industry.
Public limited company mostly deals with the large corporate houses including the factories and the industries. Unlike the private firms, they have certain compliances that must be adhered to for the proper functioning of the company.
Majorly used by the small and the medium sized businesses, proprietorship forms are started and managed by a single person. They are easy to start and do not have much regulatory compliances.
Under the partnership firm, two or more individuals come together in agreement to become partners to run a business. They are easy to start and most of the partnership firms in existence today are either small or medium firms.
Considered to be the perfect opportunity for the start-ups and the entrepreneurs, One Person Company has only a single owner or shareholder. This is a type of private limited company.
Limited Liability Partnership is a result of a combination between the private limited company and the partnership system. As such, LLP is a partnership that comes with ceratin limited liabilities.
Private limited companies are considered to be the best choice for a start-up. They are separate legal entities under the law and find it easy to raise funds to run their business.
The concept of self-employment is one of the most celebrated in the job world. The major advantage of this genre is that it allows the economic development of the individual or the group while also generating several opportunities for others. Free
The investment domain is generally divided into two portions; long term and short term investment. Both the terms are self explanatory by the fact that they are distinguished by the extent of time by which the investment is done. Long term investm
Goods and Services Tax or GST is a proposed system of indirect taxation in India which will merge most of the existing taxes into a single tax system. This method would allow businesses to claim a tax credit to the value of GST. It would prove to
With the deadline approaching to file the income tax returns, doubts arise in the minds of the people who are facing these procedures for the first time. If you are a salaried professional, then the Form 16 for form an important component of the i
The financial year 2018-2019 is about to end soon, and the financial year, 2019-2020 is on the verge of commencement. But before the arrival and providing a warm welcome to the new financial y
The Model Goods and Service Tax Law’ is in now probably in the last stages of its implementation. This bill has been in the process of getting cleared up from various levels of the legislatur
The Goods and Services Tax bill (GST) was passed on August 3, 2016; the amended bill was passed on August 8, 2016. The new tax was originally introduced in December of 2014, with the purpose being
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