What is the process of filing a Letter of Undertaking (LUT) under Goods & Service Tax (GST)?
Posted Date : 08-Sep-2023 , 05:28:55 pm | Posted By
Ishita Ramani
Introduction
All registered taxpayers who wish to export goods or services without paying IGST (Integrated Goods and Service Tax) must submit a Letter of Undertaking (LUT) in GST RFD-11 form through the GST website. This article is going to focus on “What is a Letter of Undertaking un...
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Category : GST |
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Share Transfer Process in Private Limited Company
Posted Date : 05-Sep-2023 , 04:48:17 pm | Posted By
Ishita Ramani
Introduction
In a Private Limited Company, the shareholders are involved in deciding who owns the business. You must transfer the shares if you want to bring in new investors or change ownership during the course of your business. Today, we will look at the process of transferring shares in...
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Category : Income Tax |
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0 | Hits : 959 |
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Change in the Registered Address of the Company
Posted Date : 02-Sep-2023 , 02:26:34 pm | Posted By
Ishita Ramani
Change in the Registered Address of the Company
Introduction
A business will choose to engage in all business-related activities in the jurisdiction in which it has been registered. The registered office of a company can be its corporate headquarters, a manufacturing facility, a br...
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Category : Corporate Law |
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Indian Government lost Rs 1 lakh crore in taxes in FY'21 due to corporate tax cut
Posted Date : 01-Sep-2023 , 07:21:43 pm | Posted By
CA. Dr. Gaurav Bhambri
The government lost a little over Rs 1 lakh crore in 2020-21 on account of a cut in corporate taxes, Minister of State for Finance Pankaj Chaudhary said on Tuesday. In September 2019, the government announced a cut in base corporate tax for then existing companies to 22 per cent from 30 per cent; an...
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Category : Corporate Law |
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Concept of Combined Supply and Impact of change in Rate of Tax
Posted Date : 01-Sep-2023 , 10:03:03 am | Posted By
Sunil Jain
Concept of Combined Supply & Impact of Change in Rate of Tax
By- CA Sunil P. Jain & CA Ayush S. Jain, Indore
Many a times more than one supply is made together. It may be a case of Goods & Goods (mobile with charger) or Goods & Services (e.g. AC sold with transportation & f...
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Category : GST |
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0 | Hits : 527 |
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What is Corporate Identification Number (CIN)?
Posted Date : 31-Aug-2023 , 02:54:56 pm | Posted By
Ishita Ramani
Introduction
This blog includes information on the corporate identification number (CIN), covering information on the CIN for companies, what it is, how to check it, and other related information. The Registrar of Companies (ROC) assigns each company incorporated in India with a unique iden...
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Category : Corporate Law |
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0 | Hits : 542 |
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Exploring Form 60 and Form 61: Benefits, Issues, and Considerations in Indian Financial Transactions
Posted Date : 29-Aug-2023 , 09:34:14 pm | Posted By
NIKITA AGARWAL
Exploring Form 60 and Form 61: Benefits, Issues, and Considerations in Indian Financial Transactions
Form 60 and Form 61 are used in India for certain financial transactions. Form 60 is used when an individual does not have a Permanent Account Number (PAN) and is carrying out specified transaction...
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Category : Income Tax |
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First Auditor: Process to Appoint the Auditor
Posted Date : 28-Aug-2023 , 05:30:49 pm | Posted By
Ishita Ramani
Introduction
Every entity in charge of the business is required to perform an audit everyday, every week, every month, every six months, and every year. The Company must carry out an audit to evaluate its financial stability and to confirm that it is in compliance with all applicable laws, ...
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Category : Corporate Law |
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0 | Hits : 447 |
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GST Rates on Sporting Goods and Toys
Posted Date : 25-Aug-2023 , 04:44:17 pm | Posted By
Ishita Ramani
Introduction
India has a fixed GST (Goods and Service Tax) rate that is broken down into five tax rate slabs: 0%, 5%, 12%, 18%, and 28%. The GST rate for toys and sporting goods is 12%, 18%, or 28%. Let’s explore the GST on toys and sporting goods in more detail. Let’s quickly r...
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Category : Corporate Law |
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0 | Hits : 561 |
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Form MGT 14: Types of Resolutions
Posted Date : 23-Aug-2023 , 04:19:33 pm | Posted By
Ishita Ramani
Introduction
Form MGT 14 was created by the Companies Act, 2013 in order to provide specific decisions to the Registrar of Companies (ROC). Such resolutions must be filed after they are officially accepted by a meeting of the company’s creditors, shareholders, and board of directors. ...
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Category : Corporate Law |
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0 | Hits : 402 |
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How to registered a foreign LLC in Wyoming?
Posted Date : 21-Aug-2023 , 05:18:47 pm | Posted By
Ishita Ramani
Introduction
If you own an LLC that is not located in Wyoming and wish to do business in Wyoming, you must establish it as a foreign Wyoming LLC. This is done by submitting an Application for Certificate of Authority. We are going to discuss about “How to registered a foreign LLC in W...
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Category : Corporate Law |
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Form DIR-5 : Surrendering A DIN
Posted Date : 16-Aug-2023 , 12:29:36 pm | Posted By
Ishita Ramani
Introduction
A DIN, or Director Identification Number, must be obtained for everyone who holds a position as a director or partner of a company or LLP (Limited Liability Partnership) that is registered in India. Therefore, as part of the business registration or LLP incorporation process, D...
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Category : Corporate Law |
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0 | Hits : 585 |
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Words that are restricted by MCA for a Company Name
Posted Date : 12-Aug-2023 , 05:19:44 pm | Posted By
Ishita Ramani
Introduction
When choosing a company name, there are numerous dos and don’ts to keep in mind. Keeping these in mind, a proper name should be picked because a business’s name has the ability to create or break the enterprise; also, certain names are restricted or prohibited by MC...
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Category : Corporate Law |
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0 | Hits : 502 |
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Register a Delaware LLC for Non-US Resident
Posted Date : 12-Aug-2023 , 04:43:41 pm | Posted By
Ishita Ramani
Introduction
You don’t have to be a resident of Delaware or even go there to create a Delaware LLC (Limited Liability Company). Anyone from any country can set up a Delaware LLC or corporation and engage in legal economic activity, with the exception of citizens of prohibited nations ...
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Category : Corporate Law |
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Benefits of Company Registration in USA for Foreign US- Resident
Posted Date : 10-Aug-2023 , 01:04:00 pm | Posted By
Ishita Ramani
Introduction
Do you want to start a business in the US but you don’t live there? Additionally, do you wish to establish a business in the US but are unsure of the benefits of doing so? This blog will be useful to you since it describes the benefits of company registration for foreign non-resi...
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Category : Corporate Law |
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0 | Hits : 486 |
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General view on INTRADAY TRADING
Posted Date : 05-Aug-2023 , 08:37:43 am | Posted By
NIKITA AGARWAL
Intra-day trading is a trading strategy where traders buy and sell stocks within the same trading day, aiming to profit from short-term price movements.
Meaning: Intra-day trading, often referred to as same day trading, is a trading where traders buy and sell financial instruments, such as st...
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Category : Shares & Stock |
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0 | Hits : 665 |
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Step wise Human Resource Audit with Checklist and its Benefits
Posted Date : 02-Aug-2023 , 08:40:07 pm | Posted By
NIKITA AGARWAL
A human resource audit is a comprehensive review and evaluation of an organization's HR policies, practices, and procedures. It helps identify strengths, weaknesses, and areas for improvement in the HR function.
Here are the steps to conduct a human resources audit, along with examples:-
...
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Category : Auditing |
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1 | Hits : 875 |
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Some common mistakes to avoid while filing GST returns (GSTR-1 and GSTR-3B)
Posted Date : 01-Aug-2023 , 11:28:05 am | Posted By
NIKITA AGARWAL
GSTR-1 and GSTR-3B are two types of GST returns that businesses registered under the Goods and Services Tax (GST) regime in India need to file to comply with tax regulations. Here's an overview of each return:
GSTR-1: GSTR-1 is a monthly or quarterly return that provides details of outward supp...
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Category : GST |
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0 | Hits : 666 |
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ITR Filing - What Happens If You Miss the Income Tax Return (ITR) Filing Deadline?
Posted Date : 31-Jul-2023 , 01:12:46 pm | Posted By
S.Mahajan
ITR filing last date 2023: What happens if you miss July 31 deadline?
If you happen to miss the July 31 due date, you can file a belated return until December 31, but keep in mind that a late fee will be imposed. Late fees A late fee of Rs 5,000 will be imposed if the return is furnished a...
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Category : ITR |
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0 | Hits : 784 |
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ALL ABOUT FORM 15CA & 15CB - PROVISION, APPLICABILITY, PROCESS AND DOCUMENTS
Posted Date : 30-Jul-2023 , 10:37:35 pm | Posted By
NIKITA AGARWAL
The introduction of Form 15CA and Form 15CB in the Income Tx Act of India was primarily aimed at strengthening tax compliance and enhancing transparency in foreign remittances.
Reporting foreign transactions in Form 15CA and Form 15CB is a crucial compliance requirement for certain remittances ma...
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Category : Income Tax |
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0 | Hits : 805 |
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