The goods and services tax (GST) is a form of indirect federal sales tax that is imposed on a select range of goods and services in accordance with the GST slab that is annually approved by the budget. The vendor will add the GST to the price of the item or service after the GST …
Indirect Tax and Tax Technology in India – Evolution and Adoption of a Digital Backbone
The indirect tax ecosystem in India is moving into a phase of technological development with an aim to further the principle of ‘Doing Business with Ease’. The adoption of technology is now an integral part of our regular lives, and leveraging this fast-growing revolution, the government has also introduced and adopted several windows through which …
5 Tax Saving Techniques You Need to Pay Attention to
Each year taxpayer is required to file their Income Tax Return (ITR). The Income tax return comprises the information of your annual income along with the payable tax which you require to file. Under different sections of the Income Tax Act 1961, there are some tax rebates and exemptions are being provided by the Government …
Collectors Told to Enforce New Rules on Hotel Service Charge
The Central Consumer Protection Authority (CCPA) has focused district collectors to confirm enforcement of guidelines issued in regard to service charge by hotels and restaurants. On receiving grievances, the district collectors have been directed to inspect and submit the report to the CCPA within 15 days. The CCPA has also printed to chief secretaries of …
How To Get A Food License For My Business?
Have you ever seen food shops being vacant? Even a small tea shop flourishes and increases incredible response from people. Yes! Food always gets more courtesy than expected. If you are forecasting to do a business, you can very well start with the food business. No food business can be begun unless a valid license …
How to Register Partnership Firm
A Partnership is one of the most important formulae of a business organization. A partnership firm is where two or more persons come together to form a business and divide the profits in a decided ratio. The partnership business contains any kind of trade, occupation, and profession. The bond between the partners is known as a partnership …
GST Registration
About GST Registration Concept: – Goods and Services Tax is a merged indirect tax policy that covers VAT, CST, Service Tax, Central Excise duty, Entertainment Tax, etc, and is legal all over India with effect from 1st July 2017. When to register for GST: – GST is compulsory to register when annual turnover surpasses INR 40/20 lakh …
How to Register a Private Limited Company
Step 1: Obtain a Digital Signature Certificate The initial phase in company registration is obtaining a Digital Signature Certificate. The board of directors or managing director of the private company requests to have their own Digital Signature Certificate, as it is required while filing e-forms and submitting tax returns. The Digital Signature Certificate acts as a …
Trademark Registration in India
Definitely, you’ve heard the term “trademark.” However, you may not be clear on how trademarking could advantage your own small business. Do you want to deliberate trademarking? What do you understand by trademark? How do you get started? What does trademark mean? The term trademark refers to an identifiable badge, phrase, word, or symbol that signifies …
Top Factors Why Gold Price in Increasing?
In Indian tradition, gold is one of the most valued metals. No auspicious occasion goes by without the use of this metal, from festivals to marriages to birthdays. Indian temples are known for their new and ancient gold idols, which are well-protected against theft and burglary. Gold is regarded by the majority of Indians as …