If you own a business dealing with goods and services, you are most likely aware of GST return filing. The indirect tax levied on your products when they are sold but did you know that there is a way you can reduce this amount? Input Tax Credit enables you to recoup some…
In India, the Goods and Services Tax (GST) is an indirect tax on various goods and services supply. After successfully registering on the GST portal, taxpayers who have been officially registered must submit periodic documents known as GST returns online. This statement of detailed information mentions a particular company's business…
Renowned in India and abroad, a private limited company is one of the most widely used company registration forms. It is essential for several reasons like offering separate entity from its members, perpetual existence, fund raising, ownership control, limited liability, tax benefits and much more. One must thoroughly understand the…
Are you an entrepreneur looking to establish a Limited Liability Partnership (LLP) in India? While it can be exciting to take the first step toward realizing your business vision, navigating the various legal requirements can be challenging. To help you get your business up and running quickly, we have outlined…
Goods and Services Tax, commonly known as GST, is implemented in India as an indirect tax procedure to replace multiple indirect taxes levied by the state and central governments. GST return filing is vital to complying with the GST regulations. The following blog presents a comprehensive overview of GST return filing…
Navigating the complex landscape of the Goods and Services Tax (GST) requires attention to detail and a thorough understanding of the various regulation frameworks. That is why working with GST return filing consultants during the GST filing process can be a strategic move. If you want to know why? Read…
A private limited company is primarily defined as a business entity owned by private stakeholders. Section 2 (68) of the Companies Act, 2013 says: "A Company holding a minimum paid-up share capital as may be prescribed, should stick to the following articles: (i) limits the number of its members to…
Startups are the lifeblood of innovation, bringing economic well-being and pushing boundaries in various industries. Amidst the exhilarating journey of launching a new venture, legal considerations often take a back seat. However, Limited Liability Partnership (LLP) registration is a pivotal aspect that demands early attention. This blog investigates the significance…
Introduction to Rule 86B In the CGST Rules 2017, the central government has added a new rule termed Rule 86B to curb fake invoice transactions. This Rule imposes restrictions on the use of ITC (Input Tax Credit) to discharge liability towards output tax. It means that the taxpayer must pay…