The role of food Industry in India mainly includes manufacturing, packaging, processing, wholesale as well as the distribution of the complete food products. Food Industry does not compromise on the quality of products offered to the people. But, in spite of many instructions, food seller or processor are still selling adulterated food to the consumers […]
With the reduction of purified natural water, the need for setting up a mineral water plant in India is increasing every year. Therefore, people who intend to set up a Mineral Water Plant is assuredly going to garner a huge income if he/she makes an insightful approach and has a robust business plan. Along with, […]
When commencing a business, businessmen have multiple choices as to the kind of business entity that they can form. The Indian Company Law gives options including Private Limited Company, Public Limited Company, LLPs, Sole Proprietorships, etc. A businessman can form an entity as per the amount to be invested, a number of members, the burden […]
Under the Indian Company Law, entrepreneurs have multiple options of business entities when commencing a business venture. They can choose the entity of their choice depending upon the amount of capital that they want to invest, the burden of liabilities, number of shareholders, etc. Private Limited Company has become a very popular choice among the […]
Goods & Service Tax Identification Number (GSTIN) is a unique identification number allotted to business enterprises and taxpayers when they get themselves registered under the Goods & Services Act. It’s a state-specific number consisting of 15 digits. These 15 digits are comprised of the ten digits PAN no. of the enterprise or individual, two digit […]
It is a well-known fact that Private Limited Company is a highly preferred mode of starting any kind of business. There are a few mandatory ROC compliances that companies are required to follow properly once the company is incorporated. Private limited companies actually fall under the Companies Act 2013. Hence, it needs to follow all […]
We are well aware that GST is levied on the supply of goods and services. And hence, travel agencies are no exception. Therefore, GST on Travel Agents and Tour Operators are also imposed since they offer travel services to the people. In this blog, we will educate you about the GST on Travel Agents as […]
GST migration is considered as a process for insurance of the provisional GSTIN for existing and registered taxpayers under the Central Excise or Service Tax to enable the smooth transition to GST based on the implementation of the GST on 1/7/2017. Normally, the taxpayers who are registered under the VAT or excise or Service Tax […]
The Companies Act 2013 of Indian constitution comes with the definition of private limited company. It says that private companies are companies which are restricted in regard of transferability of its shares. Basically, the law prevents large share subscription from public for such companies. This is actually the major difference between public companies and private […]
FDI, known as the Foreign Direct Investment, helps Private Limited Companies in raising or obtaining funds, setting up the business, and with various other projects which aren’t easily available in India. There are various sources through which FDI can be obtained. But before we discuss how FDI can help private limited companies, it’s worthwhile to […]
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