The term “Form ITR 1” denotes an Income Tax Form filed by the individuals who are Resident other than Not Ordinarily Resident and having Annual Income up to Rs 50 lakhs. The term “Annual Income” includes income from the following: Salaries; Agricultural Income up to Rs 5000; House Property; and Other Sources Further, another name […]
In India, the Applicability of GST on Food Industry has always been the topic of Confusion and Dilemma. The reason behind this is that due to continuous change and modification in the tax regime, the Food Businesses are unable to implement all in it. In this blog, we will talk about the Different GST Rates […]
A robust mechanism that helps calculate the GST Amount accurately on various goods and services is known as Online GST Calculator. The only aim behind this device is to show the total amount of the goods and services and the value due as GST. In this blog, we will talk about the concept of GST […]
GST or Goods and Service Tax is a Destination based Tax levied on the consumption of goods and services. It is a comprehensive and multi-stage tax that is charged on every Value Addition. Further, this Indirect Tax Regime has replaced several other indirect taxes, such as VAT (Value Added Tax), Service Tax, Central Sales Tax, […]
Although the implementation of GST (Goods and Service Tax) in India was a significant change from the prevailing tax regime. However, it was a back-breaking task for the start-ups or SMEs to comply with its provisions. Therefore, to lower down the stress of these sectors government decided to introduce the Composition Scheme under GST Act. […]
Goods and Service Tax or GST Act is one of the significant reforms in the Indian Financial Sector. However, the feature that became the talk of the town was the mechanism of Input Tax Credit (ITC). ITC means a person while paying tax on sales can reduce the tax already paid at the time of […]
Indian Taxation System has consistently evolved ever since Goods and Service Tax rolled out in India. Due to the peculiar nature of GST, its applicability is still obscure to many new-age businesses. Amidst several other contemporary career fields, the Bloggers and YouTubers have made a prominent mark. The biggest speculation in this profession is how […]
The concept of a Dormant Company has been introduced recently under Section 455 of Companies Act, 2013. In simple terms, Dormant Company implies to that Company which is inoperative or inactive. It is a perfect getaway of Company strike off or closure that results in permanent shut down of the business. A Dormant Company enables […]
The Indian Government has introduced Goods and Services Tax in 2017, which is popularly known as GST. It is a tax implemented to bring all the indirect taxes and service charges under one shed. Every supplier with earnings of more than INR 20 lakhs per annum has to register under GST. Once an individual obtains […]
Several jewellers in India deceive customers about the purity of Gold ornaments and levy additional charges. It compels customers to be more cautious while purchasing a piece of jewellery. High quality and authenticity have become focal points for every individual. Thus, on what basis one can distinguish pure Gold? A Government body called Bureau of […]
Steps to Register Food Business Online with FSSAI
Ways to Get an IEC Code for Small Business in India
How to File Trademark Rectification If Error in Trademark?
CBDT Clarifies Provisions Regarding TDS Deduction from Salaries for F.Y. 2020-21
Legal and Security Services under Trademark Class 45
Know the difference between FSSAI and FCI
7 Important Things to Know about FSSAI License Renewal Process
RERA in Gujarat: Process to Register Project and Agent
Medical, Veterinary, & Beauty Services under Trademark Class 44
Start An Online Grocery Store in India: Its Concept and Process
