GST Compliant Private Limited Company (PLC) Registration
Do you want to accelerate the business landscape of your company? In minutes, get done your register your Private Limited Company registration and obtain a GSTIN. This will be an effective stepping stone on the road to success and managing your business index with greater ease. Here the pertinent question is why and how? To […]
Annual Compliances for Private Limited Company
Once you obtain private limited company registration in India, you shall adhere to certain compliances under the Companies Act, 2013. The Companies Act, 2013 lays down explicit provisions that the companies shall comply with. However, apart from the Companies Act, 2013 being the primary regulatory law, the companies shall also comply with the two major […]
Buyer Not Responsible for Non Payment of GST By Seller
GST law contains stringent provisions when it comes to ITC. To track down the fraudulent claims and distribution of ITC, multiple conditions have been imposed in the GST Act. However, sometimes, genuine registered persons endure difficulties due to the stringent law as well as lack of compliance by their suppliers. In the recent case of […]
GST Number Search Online, Verify GST Number
What is GSTIN? GSTIN, short for GST Identification Number, is a 15 digit unique identification number allotted to every taxpayer. The GSTIN is issued when the taxpayer gets himself or herself registered under GST. It is necessary to obtain the GST number for every registered person. The 15 digit GST number indicates the following: What […]
Cancellation of GST Registration
As we all know, it is mandatory for every supplier, with an aggregate turnover of over twenty lakh rupees during a financial year, to take GST registration. But there are various circumstances where the proper officer can cancel this registration. The GST law provides unbounded authority to the proper officers to cancel taxpayers’ registration when […]
Know When to File INC 20A Form- Declaration for the Commencement of Business
After the Company Incorporation In India, it is mandatory for the company to intimate the registrar about the commencement of the business. As per Section 10A of the Companies Act, 2013, every company that is incorporated on or after 2nd November 2018 shall declare the commencement of the business by filing Form INC-20A with the […]
E-Ledgers under GST: Electronic Cash, Credit and Liability Ledger
The GST portal consists of three pillars that provide a snapshot of all the GST transactions that the taxpayers undertake after obtaining GST registration online. These pillars are the e-ledgers of GST that includes: Whether it’s about claiming an input tax credit, tax payment, refunds or issue and payment of any demand, the transaction ultimately […]
GST Rate Applicable for Beauty Parlours, Gyms, and Healthcare Services
Beauty parlours, gyms and healthcare services are on the rise as more and more people are shifting their attention towards healthy and sustainable lifestyle habits. As these services are more of a personalised nature, GST is borne by the end consumers. If you are planning to open a beauty parlour, gym or provide health care […]
GST on insurance
Do you want to explore new findings of GST on Insurance? With the implementation of the Goods and Services Tax or GST, India has faced widespread debate. This is because almost every industry in the country has been influenced by GST implementation and its associated rules. This has impacted the Insurance sector of India as […]
GST Portal and Enrollment
Introduction With the introduction of GST in India, it has been transforming the way the small and big businesses operate in India. To make things easy for a layman and to inculcate a smooth transaction for the GST implementation in the country, the government has launched the GST portal through which an individual can do […]