A compounding application format is a document used by taxpayers to apply for compounding of an offence committed under the Central Goods and Services Tax Act. Compounding of an offence means that the taxpayer requests to pay a specified amount of money in lieu of prosecution for the offence committed. This application is submitted to … Read More “Compounding Application Format: How to Apply for Compounding of GST Offences” »
One Person Company (OPC) is a relatively new concept in India that was introduced by the Companies Act, 2013. It is a type of company structure that allows an individual to set up a company with limited liability and separate legal identity, just like any other company. However, the main advantage of an OPC is … Read More “One Person Company in India” »
If you are planning to start a business, obtaining a trade license is one of the essential steps that you should take. A trade license is a legal document that permits a business to carry out its operations in a specific area. It is a must-have requirement for most types of businesses, and it comes … Read More “Seven Proven Benefits of a Trade License Worth Considering” »
A One Person Company (OPC) is a type of business entity that is owned and operated by a single person. In recent years, OPCs have gained popularity due to their ease of formation, limited liability, and other benefits. One crucial aspect of protecting an OPC’s brand and intellectual property is through trademark registration. In this … Read More “Trademark registration for a one person company” »
In today’s business landscape, joint ventures have become a popular way to expand operations and gain a competitive edge. Joint ventures can help businesses pool resources, share risks, and tap into new markets. In this blog post, we’ll explore ways to grow your business with a joint venture. Identify the Right Partner The first step … Read More “Ways to Grow Your Business With A Joint Venture” »
Recurring Deposits (RD) are a popular investment option in India, offering a secure and predictable way to grow your savings. RDs allow you to invest a fixed amount of money every month for a set period, usually ranging from six months to ten years, and earn interest on your deposits. With the help of an … Read More “RD Calculator: A Guide to Understanding How Your Money Grows” »
A provisional patent application is a type of patent application that allows inventors to establish a filing date for their invention while they work on developing and refining their idea. It is not a full patent application, but rather a placeholder that can be used to secure the inventor’s priority over the invention. In this … Read More “Requirements for a provisional patent application” »
It has become commonplace in today’s transnational and globalised world to meet people from other cultural backgrounds and nations, which may occasionally lead to such bonds where we desire to spend our lives together by entering into a social union. The Special Marriage Act, 1954 is one such Act of the Indian Parliament that allows … Read More “Procedure for Marrying an Nri/ Foreigner in India“ »
In India, an indirect tax known as the Goods and Services Tax (GST) is imposed on the provision of goods and services. GST registration is mandatory for all businesses with an annual turnover above 20 lakhs.
Introduction: MSME Udyam registration is a process of registering a micro, small, or medium-sized enterprise (MSME) in India. The registration provides a number of benefits for the business, including access to government schemes and programs, easier access to credit and loans, and recognition as a legitimate business entity. Benefits: MSME Udyam registration is the ability … Read More “What are the Benefits of MSME Udyam Registration?” »
