Posted Date : 05-Jun-2023 , 12:08:46 pm | Posted By Ishita Ramani

Introduction Choosing the right business structure is an essential decision for entrepreneurs, and two popular options are the Limited Liability Company (LLC) and the S Corporation. Both provide certain advantages and features that can benefit businesses in different ways. An LLC combines the flexi...

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Category : Corporate Law | Comments : 0 | Hits : 693

Posted Date : 31-May-2023 , 12:04:38 pm | Posted By Ishita Ramani

Introduction   The game development industry is responsible for creating digital, interactive entertainment products that can be enjoyed on various platforms, such as personal computers, mobile phones, and gaming consoles like Sony’s PlayStation. Since its inception in the late twentiet...

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Category : Corporate Law | Comments : 0 | Hits : 852

Posted Date : 26-May-2023 , 12:08:08 pm | Posted By Ishita Ramani

Introduction   The introduction of the Goods and Services Tax (GST) system has brought significant changes to the taxation regime in India, revolutionizing the way taxes are levied and collected. A key aspect of the GST system is the implementation of the forward charge mechanism (FCM), which...

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Category : GST | Comments : 0 | Hits : 928

Posted Date : 24-May-2023 , 11:50:46 am | Posted By Ishita Ramani

Introduction   Expanding your business into a new market like India can be an exciting and promising venture. One of the popular methods for establishing a presence in India is by forming a subsidiary company. A subsidiary is a company controlled by another company, known as the parent compan...

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Category : Corporate Law | Comments : 0 | Hits : 803

Posted Date : 22-May-2023 , 12:13:16 pm | Posted By Ishita Ramani

Introduction   Registering a company in India has become a streamlined and efficient process, particularly for foreign entrepreneurs. With India's rapid economic growth and favorable business environment, starting a company in the country presents numerous advantages. In this article, we will...

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Category : Corporate Law | Comments : 0 | Hits : 723

Posted Date : 18-May-2023 , 12:41:54 pm | Posted By Ishita Ramani

Introduction  As per the Companies Act 2013, companies are mandated to inform the ROC (Registrar of Companies) in a specific manner about the appointment of an auditor through Form ADT-1. This article provides detailed information on the filing fees for ADT-1, the process of filing Form ADT-1 ...

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Category : Corporate Law | Comments : 0 | Hits : 1050

Posted Date : 17-May-2023 , 12:35:02 pm | Posted By ILA JINDAL

As we all must be aware about that an individual’s income taxability is depends upon his residential status, which is to be determined on an year to year basis. Let us first see, when can an individual become a resident of India. An individual shall be deemed to be a resident of India if he s...

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Category : Income Tax | Comments : 0 | Hits : 1156

Posted Date : 16-May-2023 , 05:14:54 pm | Posted By Mansi Rana

SEO Reseller services have become a popular option for businesses looking to outsource their search engine optimization needs. In India, there are many SEO reseller companies that offer a variety of services to their clients. In this article, we will discuss SEO reseller services in India and how th...

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Category : Income Tax | Comments : 0 | Hits : 1036

Posted Date : 16-May-2023 , 12:41:42 pm | Posted By Ishita Ramani

Introduction If you're looking to provide the best care and benefits to your employees, registering your company for Employee Provident Fund (EPF) is essential. This blog with help you in knowing all the requirements for EPF registration for a Private Limited Company, including eligibility criteria...

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Category : Income Tax | Comments : 0 | Hits : 830

Posted Date : 13-May-2023 , 11:58:52 am | Posted By Ishita Ramani

Introduction In exchange for a salary and non-monetary benefits, employees provide services under employment transactions. This creates a supply at both ends, making it taxable under GST. In this article, we will discuss the effects of GST on employee notice pay recovery, its applicability, and the...

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Category : GST | Comments : 0 | Hits : 646

Posted Date : 13-May-2023 , 09:29:46 am | Posted By S.Mahajan

GSTN Defers of Implementation of Time Limit on Reporting Old GST e-Invoices.   Dear Taxpayers, 1. It is to inform you that it has been decided by the competent authority to defer the imposition of time limit of 7 days on reporting old e-invoices on the e-invoice IRP portals for taxpayers wit...

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Category : GST | Comments : 0 | Hits : 549

Posted Date : 12-May-2023 , 08:10:54 am | Posted By S.Mahajan

Central Board of Indirect Taxes & Customs has recently announce the applicability of GST e-invoicing for registered taxpayers upto INR5 crores with effect from 1 August 2023. Notification No. 10/2023 – Central Tax dated 10 May 2023, issued by Central Board of Indirect Taxes and Customs (C...

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Category : GST | Comments : 0 | Hits : 457

Posted Date : 11-May-2023 , 12:03:06 pm | Posted By Ishita Ramani

Introduction Section 8 companies are non-governmental organizations that are established to promote various activities such as sports, commerce, charitable works, science, art, and more. These types of companies are registered to support underprivileged populations and industries in India. In this ...

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Category : Corporate Law | Comments : 0 | Hits : 395

Posted Date : 11-May-2023 , 11:35:15 am | Posted By Simran Saxena

Income tax is a type of direct tax which is paid on the money that people and businesses make during a certain fiscal year. Declaring the income received during the financial year, the claimed deductions and the tax paid to the government are all part of the process of submitting income tax returns....

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Category : Income Tax | Comments : 0 | Hits : 627

Posted Date : 10-May-2023 , 02:50:57 pm | Posted By S.Mahajan

Advisory for Timely Filing of GST Returns  1. It has been observed that some taxpayers faced difficulty in filing GSTR-3B of March 23’ period on 20th April 2023’. On analysing the reasons, it was noted that large number of tax payers attempted to file GSTR-3B returns in the aftern...

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Category : GST | Comments : 0 | Hits : 540

Posted Date : 09-May-2023 , 12:23:55 pm | Posted By Ishita Ramani

Introduction When it comes to filing a Goods and Service Tax (GST) return, taxpayers need to exercise caution to prevent the inconvenience of unnecessary reconciliation. Therefore, it is important to understand the common mistakes to avoid while filing GST returns. But before focusing on mistakes, ...

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Category : GST | Comments : 0 | Hits : 397

Posted Date : 06-May-2023 , 01:21:29 pm | Posted By Ishita Ramani

Introduction The Goods and Services Tax (GST) is a value-added tax that replaced several indirect taxes such as VAT, excise duty, and service tax in India. This tax is levied on the supply of goods and services sold for domestic consumption. As a freelancer, understanding the rules and regulations ...

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Category : GST | Comments : 0 | Hits : 519

Posted Date : 04-May-2023 , 12:50:37 pm | Posted By Ishita Ramani

Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. It has replaced several indirect taxes like Value Added Tax (VAT), Service Tax, Central Excise Duty, and Customs Duty. GST is a self-assessment tax, and every registered taxpayer has to ...

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Category : Income Tax | Comments : 0 | Hits : 491

Posted Date : 03-May-2023 , 12:09:29 pm | Posted By Ishita Ramani

Introduction The GST system uses a nomenclature called SAC code, which was created by the Central Board of Indirect Taxes and Customs. These codes aid in identifying services and their corresponding GST rates to calculate the applicable tax amount. What is SAC code in GST? SAC stands for Servicin...

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Category : GST | Comments : 0 | Hits : 672

Posted Date : 01-May-2023 , 12:43:27 pm | Posted By Ishita Ramani

Introductio The LLP Agreement mandates that any gap in the designation of partners must be filled within 30 days of its formation. In the absence of a designated partner or in the case of a single partner, every member of the LLP is considered a partner. Failure to appoint authorized partners may r...

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Category : Corporate Law | Comments : 0 | Hits : 489