If you are a business owner or a taxpayer in India, you must be familiar with the Goods and Services Tax (GST) regime that was introduced in 2017. GST is an indirect tax that replaced several other indirect taxes such as Value Added Tax (VAT), Central Excise Duty, and Service Tax. It is a comprehensive …
TDS Provisions on Virtual Digital Assets: A Guide for Investors
With the rise of virtual digital assets like cryptocurrencies and tokens, investors are turning to these assets as an alternative form of investment. However, the taxation of these assets can be complex, particularly with regard to Tax Deducted at Source (TDS) provisions. In this blog post, we will provide a guide to TDS provisions on …
How to do Startup Valuation For Startups!
Startup valuation is a crucial aspect of starting a business. It is the process of determining the worth of a company, which is used for a variety of purposes such as fundraising, mergers and acquisitions, and even selling the company. A startup valuation helps entrepreneurs understand the value of their company, set realistic expectations for …
Summons Under GST Laws, Taxpayers Duties and Guidelines
In this blog post, we will be discussing the various duties and guidelines to be followed by a taxpayer when issued with a summons under GST laws. A summons can be issued for multiple reasons, such as an inspection or investigation undertaken by the tax authorities. As a taxpayer, it is essential to understand your …
Type of Pay Roll Schedule
Let’s look at what the term “pay schedule” means. Pay schedules are nothing more than the dates that the salary is paid by an employer to the employee. Pay schedules are a combination of two parts of information that include your pay period as well as the date you receive your paycheck. The payroll schedule …
Why GST Return Changes will Improve ITC Complexities
India’s GST law would have been executed in India through the narrative of national ambition. To ease the whole GST (Goods and Service Tax) framework for India Inc, the government is enduring a lot via revising the reporting method to make the GST a Good and direct tax. For non-compliant assesses only, would be asked …
How to Draft Legal Notice for Company Closure
Are you thinking of your company closure? Read to know the legal formalities of how to Draft Legal Notice for Company Closure. The process of closing a company is the procedure of bringing the company’s life in a way to an end. During the winding-up procedure, the firm’s assets are managed to benefit its creditors …
Compliance under GST on Business Reconstitution
In case of transactions of amalgamation or merger, one needs to take note of the fact that there are two different dates, namely, the effective date from which the scheme would be given effect (which has to be indicated while applying the amalgamation or merger as filed before NCLT) and, second, the date of order, …
What is the Meaning of FORM MD-7 and FORM MD-9?
A person or a company involved in the manufacturing of Medical Devices in India can distribute/communicate the products by applying through the concerned Authority. The process of application is to apply for a Loan or grant, or a license to sell or distribute products in India. In the the Medical Devices Rules, 2017, an Manufacturing License to Manufacture …
Section 8 Company Registration
An institution or group of people voluntarily joins together for a purpose that is not governed by the government, it is referred to as a Non-Governmental Organization (NGO). In the Companies Act, 2013 an NGO is legally registered as a Section 8 organization and is overseen by the Ministry of Corporate Affairs (MCA). The proposed name …