There are several advantages to registering for GST, Including the following: Mandate for Registration: (Sec 22) Who Is Not Liable for Registration? (Sec 23) The following person is not required to register, according to Section 23 of the CGST. Compulsory Registration: (Sec 24) Section 24 of CGST discusses required registration. The following groups of people …
As per the ruling of the Government of India, businesses with a turnover of Rs 40 Lakhs p.a should be registered as the normal taxable entities and shall file their Goods and Services Tax (GST) accordingly. However, sometimes the limit of Rs 40 lakhs could vary from state to state. The threshold limit could be …
A trademark search can be made on a government database or through third-party service providers. This search in the government’s database determines whether or not the selected trademark is already in use in connection with specific goods and services. Trademark: As per Section 2 (b) of The Trademarks Act 1999, “trademark refers to a mark …
The startup merely start with little resource and low investment, but the new entrepreneurs expand their business to such extent or point where it becomes difficult to manage certain different tasks, during the progress of the business journey the business person or the entrepreneurs has to move further with the legal side of the business …
Taxes are the legally required sum of money that the government demands be paid for any services, goods, administrations, activities, or exchanges. Taxes are the main sources of revenue for the government, which it uses to ensure the well being of the nation’s populace as a whole through policies, programs, and practises. The right to …
As the number of entrepreneurs has risen, the number of registrations for companies has also seen a sharp increase in India. Though the entrepreneurs have great expertise and knowledge in their field, however, they may need some assistance and guidance while making sure that the required mandatory compliances provided under the Company Act, 2013 are …
Many business owners today operate service-based enterprises like online marketplaces for e-commerce, apps, classified websites, and more, but they are unaware of the requirement to register for the applicable service tax. Service Tax: According to the Finance Act of 1994, service tax is an indirect tax assessed on a variety of services that the Central …
Compliances are the legal requirement required for any startup. Entrepreneurs aim to build strong ventures and focus on its potential customer base, its USP and market situation. Entrepreneurs shall hire or outsource resources who have good knowledge of the laws of land and business. Eligibility: Pvt. Ltd. or LLP or Partnership Firm: To be eligible …
The process of company registration depends on the type of the company, which could be a Private Limited Company, One Person Company, Limited Company, or Section 8 Company. Under the Companies Act of 2013, various types of company registration can be chosen based on the activity and requirement of the promoters. Registration Under Companies Act, …
The marriage certificate is the official document which certifies the marriage of two people under a relevant Act. On registering a marriage, a certificate is issued by the marriage registrar. In the following article we are going to discuss the procedure of marriage registration and the documents required for it. Procedure to register a marriage …
