Casual taxpayers who conduct businesses occasionally can now register for the goods and services tax (GST), which will allow them to execute work that comes their way once in a while.Read more
In a move meant to curb benami transactions and therefore the use of black cash in realty deals, the govt. is going to build Aadhaar-based authentication necessary at the time of registration of documents like agreement purchasable, power of lawyer and can among others. The govt. has additionally firmed up plans to modify electronic registration of properties, that Aadhaar-based authentications are going to be a requirement in company formation in India.Read more
Ecommerce companies such as Amazon, Flipkart and Swiggy concerned about losing business after the rollout of the goods and services tax (GST) on July 1 shouldn’t have to worry about being forced to exclude products sold by unregistered vendors in company formations services.Read more
Come July 1 and leasing of land, renting of buildings as well as EMIs paid for purchase of under-construction houses will start attracting the Goods and Services Tax.Sale of land and buildings will be however out of the purview of GST, the new indirect tax regime. Such transactions will continue to attract the stamp duty, according to the legislations Finance Minister Arun Jaitley introduced in the Lok Sabha yesterday for approval.Electricity has also been kept out of the GST ambit in pvt ltd company registration in Delhi.Read more
The government on Tuesday free anti-profiteering rules underneath the products and Services Tax (GST) regime that offer for cancellation of pvt ltd company registration in India of any entity or business if it fails to expire the good thing about lower taxes or input diminution to customers during a conterminous manner.Read more
If you have not already registered your business under GST or you are a new business and do not have a VAT or service tax or excise registration, you may be worried about how to go about this. It is widely known that GST registration is mandatory when aggregate turnover exceeds Rs 20 lakh (Rs 10lakh for NE States).
Aggregate turnover is the basis on which GST registration is done and determines who needs to register on the GSTN. So how does one calculate aggregate turnover? Whether it is possible to have multiple company formation in Delhi for a business that operates in one state? Are centralized registrations possible? Let us delve deep into these issues.Read more
It's only less than a month left until Goods and Service Tax (GST) sees the light of the day. India's biggest tax overhaul crossed its final hurdle last week when GST Council agreed to tax gold and silver jewellery at 3 per cent tax rate.
With GST to be implemented from July 1, it's the ideal time to check if your monthly budget will be affected under the new tax regime. We've put down a list of goods and services that will become cheaper or costlier once GST comes into force.Read more
Description - Due to the increasing working population and their enhancing buying power, retail is one of the fastest growing economic sectors of India. If ventured correctly, you can reap significant profit in the retail field. But always remember the fact that a new business setup in India needs great research, hard work and investment of time and money. So, if you are a novice in this field, it is advisable to search for a credible company that can help you set up your new business venture following the right procedure, rules and regulations.Read more
The enrolment window for Goods and Services Tax Network (GSTN), the IT backbone of GST, will be reopened on June 1 for 15 days, the finance ministry said in a statement. Around 61 lakh taxpayers out of total 84 lakh assesses have already enrolled under the first phase of enrolment on the new payment portal of GSTN that ended on April 30, it said.Read more
Since the passing of the GST Constitutional Bill by the Rajya Sabha in August last year, the country has been preparing itself for the new tax regime. The new GST law is India?s biggest tax reform initiative which is expected to improve compliance levels, increase government revenue in company registration in India and create a common playing field for businesses by amalgamating a host of central and local taxes.Read more
The revenue department has extended by a month till April-end the enrolment of dealers with GSTN, the IT backbone for the new set-up, as so far only 60 per cent of the existing assesses are done with the switchover.Read more
Fortunately, the new rules and regulations are easier when it comes to start-up a new business in India. Also, there are hassle free new company registration service providers available in India who take care of A to Z of forming and registration of the company. In this post, we will touch upon various forms of new company registration In delhi presently available and which is best suited for your business.Read more
The government plans to introduce a new version of the integrated company incorporation gurgaon form in a measure aimed at enhancing ease of doing business that targets reduction in average number of days for incorporating a company to one to two days from more than four days at present.Read more
In a significant step towards improving the ease of doing business in India, the Corporate Affairs Ministry will soon centralise the whole process related to registering a new company formation gurgaon and strive to complete the processing within a day.Read more
Registering a new company could not be simpler when registering online with company formation India. We are companies house e-filing partner which allows us to set up new limited companies online for our clients in the UK and overseas through our sister company. The company incorporation India website is integrated directly with companies house allowing you to check the availability of your company name. We can help clients from their companies within just 3 hours through our quick online company formation service.Read more
Even as the contours of the GST remain fluid, the Delhi government has eased the procedure for grant of company registration in India to fresh applications to encourage more traders to contribute towards its kitty of Value Added Tax (VAT).
In circular issued on Friday, The department of trade and taxes said that applicant dealers would be granted registration within a day of applying through a mobile platform, even as it eased guidelines around the provision of bank details for the purpose. The provision of providing bank account details at the time of applying for Company registration in Gurgaon under the DVAT and CST act has been made optional which will encourage more traders to register.
The Union ministry has issued a notification expanding the adjudication powers of sales and excise tax officers to resolve old tax-related issues in an attempt to clear roadblocks and smoothen tax (GST) which will be decided after deliberations at the council meeting scheduled in November in company formation in India
Powers of adjudication have been increased across ranks in light of GST, now more cases will be decided at lower ranks, disposal of these cases will be faster .”a senior tax official told ET. The tax department got the notification from the finance ministry with instructions issued company registration in India
Most cases were lying unheard at the level of commissioner and the pendency was increasing and this will help reduce the backlog. The tax official said.A majority of the cases are pending at the level of the sales tax commissioners and joint commissioners. The power of additional and joint commissioners can now investigate and clear cases between Rs 50 lakh to Rs 2 crore from the earlier ceiling of Rs 50 lakh. Only the commissioner can investigate and assess cases above Rs 2 crore, which is band that has been untouched by the notification. Read more
The government has put out the draft rules for the goods and services tax for discussion ahead of the September 30 meeting of the centre and states to discuss the regulations. In view of the right deadline, the finance ministry has asked for feedback by September 28. Rules relate to registration, invoice and payments, laying down procedures, guidelines and documentation.Read more
In order to incorporate a business, you must file a company formation documents with the state of the government. Unlike a sole ownership or general partnership certificate, both of which are form as soon as the owner or owners conducting business, a corporation law or LLC must be created with the state, and each state has its own incorporate requirements.
Regardless of whether you are forming a Corporation or a corporation company the company formation documentary is called the Articles of Incorporation or Certificate of Incorporation. This document provides the state with necessary information on your business. The information included of Incorporation is a matter of public record, meaning that anyone can access it.Read more
While starting the business, an entrepreneur has many options on the choice of business entity that he should start with and larger the number of options larger the chances of confusion. In India, you can register a Pvt. Ltd. Company, Limited Liability Partnership, One Person Company, or Partnership firm for purpose of carrying your business. This decision of selecting the right entity is very crucial and depends upon certain factors like liability, nature of business, number of owners, scale of business, taxation, estimated tenure of the business, future plans, closing etc.
This guide is dedicated for those beginners who want to become entrepreneurs. Before you learn the steps for becoming an entrepreneur, you first need to understand who is an entrepreneur. The person who identifies a need, takes risks, is creative, innovative and ultimately produces solutions to address the chosen need is called an entrepreneur. All of us want to become entrepreneurs but few are able to achieve this feat. So what are the steps required to become an entrepreneur or how to start a startup? Everything is explained as follows: