Cancellation of registration under GST

Cancellation of Registration under GST

Cancellation of GST registration defines that the taxpayer won’t be a GST registered individual anymore; they’re going to not need to pay or collect the tax. Taxpayers who have earlier registered under the GST Act can apply for cancellation of GST registration any time they shall close their business or if the other situation emerges. …

Auditor & Compliance Officer

Auditor & Compliance Officer

The distinction between the auditor and therefore the compliance officer isn’t always apparent. There are obvious parallels, and therefore the two have common characteristics with some overlap, so it’s fair to confuse them with almost fusion. In certain instances, they need to function together, but there are distinct variations. One interesting difference is that an …

Advantages of Foreign Direct Investment

Advantages of Foreign Direct Investment

Foreign Direct Investment: a far off Direct Investment (FDI) is predicated on controlling ownership during a business in one country by an entity in another country. FDI provides a situation wherein both the host and therefore the home nations derive some benefits. the house countries cash in of the huge markets opened by industrial development …

What is Accounting and Why it is Needed for a Company?

What is Accounting and Why it is Needed for a Company?

If you’re venturing into starting a replacement business, you’re presumably to listen to the terms accounting. Accounting are often a difficult task and a stressful task, especially for start-ups. What is accounting? The process of keeping a record of your business’s financial transactions is termed as accounting. the method of Accounting includes a series of …

Who Needs to Register for GST in India

Who Needs to Register for GST in India

A ‘taxable person’ under GST, may be a one that carries on any business at anywhere in India and who is registered or required to be registered under the GST Act. a person who engages in economic activity including trade and commerce is treated as a taxable person. ‘Person’ here includes individuals, HUF, company, firm, …

Circumstances When Goods can be Detained Under GST

Circumstances When Goods can be Detained Under GST

Any transportation or movements of goods valuing more than Rupees 50,000 by a listed person must be convoyed by an e-way bill. The proper officer has the power sanctioned by the Centre Government or State Government to interrupt goods in transit. The person in charge of a vehicle loading goods more than Rupees 50,000 is …

Announcements by FM in Wake of COVID-19

Announcements by FM in Wake of COVID-19

India is facing an enormous decline in government revenues and growth of the income as coronavirus hits economic activities of the country as an entire . A fall in investor sentiment impacts privatization plans, government, and industry. to enhance the economy, few steps were required to be taken thus the Indian government announced many reforms …

Payroll Services in India – Introduction

Payroll Outsourcing in India

Your search for the best payroll consultants in Delhi ends right here! SCBC is a premium agency offering payroll services in Delhi. One of the most important processes in any organisation is processing salary for employees. This process is more than just crediting salary in the employees’ accounts. The admin or the HR needs to …