Shop Establishment Certificate
Starting a business is very exciting whether it’s a retail shop, office cafe or salon or any other commercial establishment. But before you begin your operation it’s important for you to complete the important legal registrations. One of the most common requirements for business in India is to obtain a shop establishment certificate. It is […]
Company Master Data
Whether you are planning to start your business work with a new company or simply want to verify business information, company master data is one of the most useful resources available. It provides important details about companies registered in India helping you make the right decision before entering into a new business relationship. You can […]
MSME Registration Online
Starting your business is really exciting but as your business grows you will soon realize that paperwork and legal requirements become just as important as finding your customers. One of the simplest yet most valuable steps you can take is completing your MSME registration. If you have heard terms like MSME certification and Aadhar udyam […]
Detailed Guide to New TDS Section 194R With Important FAQ’s
The businesses usually provide certain benefits and perquisites and claim it as a deduction in the form of business expenditure. This opens the chances of tax leakage as the receiver of such benefits or perquisites often does not show it as their income. To tap this loophole, the government introduced a new TDS section – […]
The Best GST E-invoicing Software for Your Business
Is your business ready for e-invoicing under GST from 01 October 2022? If not, it’s almost time for you to check your applicability and make the much-needed transition into the new GST e-invoicing system. For businesses with more than INR 10 crores as a turnover, e-invoicing under GST is mandatory. First of all, e-invoicing under […]
How to Verify An e-Invoice? QR Code Verification Under e-Invoicing
Under the e-invoicing system, a QR Code or Quick Response Code is issued by the Invoice Registration Portal, along with the IRN. QR code is a two-dimensional barcode that needs to be displayed on all the B2B invoices issued by the supplier. It can be easily read by an e-invoice QR code scanner or the […]
E-invoice Digital Signature
E-invoicing is the proposed system where business-to-business (B2B) invoices are digitally prepared in an e-invoicing format and authenticated by the Goods and Services Tax Network (GSTN). Today, an invoice generated by the seller needs to be prepared and reported to two different systems i.e., GST Portal and e-Way Bill. The reason why e-invoicing is getting popular is that, […]
Advantages of GST E-invoicing
One of the main intentions of the Government in introducing this new invoicing system is to ensure that invoices issued by all the suppliers are standardized and in uniform format. Now, suppliers need not raise invoices through the IRP. First, they have to generate invoices on their internal accounting system/ERP in the specified format and […]
Understanding the Concept of LLP and its Tax Implications
Understanding the Concept of LLP and its Tax Implications Sole proprietorship and partnership firms are the simplest formats to conduct business in India. However, their biggest disadvantage persists in the fact that the liability of the sole proprietor and partners in the partnership firms is unlimited. This means, in case of losses or winding up, […]
CBDT Circular for TDS on Crypto Transactions U/s 194s: Circular No. 13 of 2022
Taxation and TDS on crypto transactions, NFTs and other virtual digital assets in India created a buzz in the minds of the taxpayers and web3.0 enthusiasts. However, a transaction in Virtual Digital Assets (VDAs) involves multiple parties and not just the buyer and seller. It can include the Exchange, broker and payment gateways as well. […]