What are the Benefits Of Udyam Registration for MSMEs – Udyam Benefits
Micro, Small and Medium Enterprises are offered a lot of benefits by the government. In FY 2020, the MSME sector contributed 30% of the Indian GDP. The contribution of MSME is immense to the Indian economy and therefore, to further boost the MSME sector, the Government of India earmarks funds and launches various schemes. However, […]
The Foreign Subsidiary Company
A foreign subsidiary company can be an important asset to a business, providing several benefits that can help the parent company expand and grow its operations. Especially in the recent times of globalisation, a foreign subsidiary can give business access to new markets and customers, as well as provide a foothold in a country that […]
GST Impact on Education Sector in India
Are you looking for taxation scheme information of Educational Institutions under GST? Do you want to avail the tax exemption credit in the education domain? That’s exactly we are here, to provide you with informative insights about the present taxation scheme that the new GST regime has imposed on educational institutions. As you know that […]
Tax Benefits of Companies: How to Save Taxes in Companies?
Company registering a company for your business certainly brings a lot of advantages. Apart from the benefits like limited liabilities, organised structure, fund raising etc., one of the peculiar benefits is that it entails a lot of tax benefits to companies in India. The income tax law has put in place certain tax incentives in […]
GST Refunds: Step-by-Step Guide to Claim GST Refund
After obtaining GST registration, as the business evolves, there might arise certain situations whereby the registered taxpayer would demand a refund from the GST department. GST law prescribed the instances where the taxpayers can claim these GST refunds. Like the GST registration process, GST refund also has a prescribed procedure as laid down by the […]
Statutory Compliance Immediately After LLP Registration
Once you complete with your limited liability partnership registration formalities, you would be excited to start with your business journey. However, there is something more to be done after you complete with your LLP registration in India. Certain post incorporation compliances shall be carried out afterLLP registration. What are those compliances? Find out here! Statutory […]
SECTION 203 OF THE COMPANIES ACT FOR THE APPOINTMENT OF KMP
The Companies Act 2013 has been the catalyst for many new and innovative amendments compared to the previous Act. One of the most novel aspects is the compulsory designation of “key managerial Personnel”(KMPs) for certain companies. The Key Management Personnel, or KMP, are employees who hold the most important functions and roles. They are the […]
Reversal of Input Tax Credit in GST Returns – Detailed Analysis and Methodology
Input tax credit has been sparkling conversations among taxpayers and tax experts. There have been constant changes in the provisions relating to ITC. The government has been tightening the regulations relating to ITC claims in a bid to tap fraudulent claims of ITC. There are many instances where the taxpayers are required to reverse their […]
How to Appoint or Remove a Director in a Company – A Detailed Guide
How to Appoint or Remove a Director in a Company – A Detailed Guide Directors act as agents of the company and are responsible for the conduct of operations of the company. The company is authorised to appoint or remove the directors of the company subject to the prescribed procedure. The Companies Act, 2013 has […]
Private Limited Company vs One Person company
Are you an entrepreneur wondering whether to set up a company on your own or to involve others as co-founders? Clarity on the business structures available might help you make the decision. There are different types of business structures available and each has its own set of benefits and drawbacks. Private Limited Company and One […]