Did you know that if you pay a salary to even one individual, you need Professional Tax Registration

The term 'Professional Tax' may be one of those that does not fully reflect the true sense of the term. Contrary to what the name implies, it is not a levy imposed only on professionals. It is a levy on all occupations, industries, and jobs that is charged depending on the wages earned by such occupation, trade, or employment. It is imposed on workers and others doing business in the state. It is levied on employees, a person carrying on the business including freelancers, professionals, etc., subject to income exceeding..........

Trade License- Why is it needed?

A trade license is a document/certificate that gives the permission to the applicant (person seeking to open a business) to commence a particular trade or business in a particular area/location. However, the license does not allow ......

Benefits Of MSME Registration

What is MSME?

The Government of India on 2nd July 2021, revised the guidelines for MSMEs. Retail and Wholesale trade has now been included as Micro, Small and Medium Enterprises....

How to get a Udyam (MSME) Registration

Any person who intends to establish a micro, small or medium enterprise may file Udyam Registration online in the Udyam......

Everything You Need To Know About Import Export Code

In today’s day and age, going global to expand your business, gives you cutting-edge. But before you enter international waters, you’ll have to follow a few procedures.....

What is Goods and Service Tax (GST)?

The GST is a centralised tax which has amalgamated various taxes like service tax, CST, excise duty and the state taxes  such as the entertainment tax, luxury tax, octroi and VAT.

GST tax slabs and due dates

In India, there are 4 types of GST slabs: essential household items and life saving drugs, processed food or computers, hair oil, soaps, industrial intermediaries & services and luxury goods. Basic necessity goods come under the exempt list.

Who is required to register for GST?

GST was launched on 1st July, 2017, by the Government of India (GoI) and it applies to all Indian service providers including freelancers, traders as well as manufacturers.

GST Penalties you should remember

There are 21 offences under GST. For easy understanding, these have been grouped into heads of fake or wrong invoices, fraud, tax evasion, supply/transport of goods and others.

Did you know that if you pay a salary to even one individual, you need Professional Tax Registration?

The term 'Professional Tax' may be one of those that does not fully reflect the true sense of the term. Contrary to what the name implies, it is not a levy imposed only on professionals........

APOSTILLE- meaning and method

History - In 1961, many countries joined together to create a simplified method of “legalizing” documents for universal recognition. Members of the conference, referred to as the Hague Convention, adopted a document referred to as an Apostille that would be recognized by all member countries.....

What is the ‘Startup India Initiative’ launched by Govt of India

The term startup is generally used to describe innovative businesses which are in their early stages of the business cycle. With an idea to promote business as a solution to unemployment the Government of India under the leadership of Honorable Prime Minister Narendra Modi, launched the ‘Start-up India Fund Scheme’ in 2015.....

Issue of esop under direct route

Governing laws:

1. Section  62(1)(b) of the Companies Act 2013.....

GST - Registration and its benefits

Introduction of GST in India

Goods and Services Tax (GST) is a value-added tax that was introduced in India on July 1, 2017. It replaced all indirect taxes levied on goods and services by the central and state governments.....

MSME (udyam registration

Need for indian government to introduce MSME registration

The Indian government introduced MSME registration to address the challenges faced by Micro, Small, and Medium Enterprises (MSMEs) in India and to promote their growth and development...

DPIIT - Registration and its Benefits

Introduction

DPIIT stands for the Department for Promotion of Industry and Internal Trade, which is a department of the Ministry of Commerce and Industry in India. The department was established in January 2019 by merging the Department of Industrial Policy and Promotion (DIPP) and the Department of Commerce...

FSSAI - state license for mineral drinking water plant

What is FSSAI authority ?

FSSAI stands for the Food Safety and Standards Authority of India............

Import Export code

Introduction to Import Export Code (IEC)

The Import Export Code (IEC) is a 10-digit unique identification number issued by the Director General of Foreign Trade (DGFT)........

Do Startups Need DPIIT Registration to Attract Investors

Starting a new business venture requires careful planning, dedication, and securing the necessary funding. As an entrepreneur looking to attract investors for your startup, you may wonder if DPIIT (Department for Promotion of Industry and Internal Trade) registration....

Startup Registration- Process and Documents required

Under the Startup India Action Plan, startups that meet the definition as prescribed under G.S.R. notification 127 (E), are eligible to apply for recognition under the program. The Startups have to provide support documents.....

IPR Benefits under DPIIT registration

DPIIT-Recognised Startups Are Eligible For The Following Benefits:

DPIIT-Recognised Startups may apply to the Inter-Ministerial Board (IMB) for the following 

Benefits:

• Intellectual Property Rights (IPR)
• Section 80-IAC: Income Tax exemption for 3 out of 10 years.....

Recognition Guidelines for Startups:

1. Merger/Demerger/Acquisition/Amalgamation/Absorption: The resultant entity or entities formed due to such activities will not be eligible for recognition as a Startup. However, mergers or amalgamations under.......

If a company does not have MSME registration gain it still file for receiving its outstanding under the MSME act?

Introduction 

The Micro, Small, and Medium Enterprises (MSME) sector plays a vital role in the economic growth and development of a country. In India, the MSME sector is governed by the Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006. One significant provision of this act is th....

A Step-by-Step Guide to Issuing ESOPs for Startups in India under the Companies Act, 2013

Introduction 

In the competitive landscape of startups, attracting and retaining talented employees is crucial for long-term success. One effective way to achieve this is by implementing an Employee Stock Ownership Plan (ESOP). ESOPs provide employees with an opportunity to become shareholders, aligning their interests with the company's growth. In this blog post, we will provide a detailed step....