The GST Portal has recently implemented a new feature called “Initiate Drop Proceedings” for GST registration numbers that have been suspended due to the non-filing of GST returns. This feature is available for taxpayers who have filed their pending returns, such as 6 months or 2-quarters returns. The implementation of this new feature is aimed …
What is a Partnership Firm A partnership firm is a type of business organization in India where two or more individuals come together to carry on a business with a view to profit. All the partners are jointly and severally liable for the debts and liabilities of the firm. This means that each partner is …
Micro, Small and Medium Enterprises (MSMEs) are an important sector of the Indian economy, contributing to the country’s industrial output and exports. They are known to provide employment opportunities and promote entrepreneurship, particularly in the rural and underdeveloped areas of the country. MSMEs face various challenges such as access to credit, technology, and markets. To …
Gurgaon, also known as Gurugram, is a city located in the northern state of Haryana, India. It is a major center for technology and business and has become a hub for startups in recent years. One of the main reasons for Gurgaon’s emergence as a startup hub is its proximity to the national capital, Delhi. …
A Startup is a company or organization that is in the initial stages of operation, often characterized by high uncertainty, risk, and a lack of established performance or revenue. These companies are often working to develop a unique product or service, or to establish a new market. The goal of most startups is to grow …
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What is GST The Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. It was introduced on July 1, 2017 and subsumed a number of indirect taxes that were previously levied by the central and state governments, such as the Value Added Tax (VAT), …
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Goods and services tax (GST) has come into effect on 01st July 2017 with significant indirect tax reform in the country. GST has subsumed many indirect taxes in the country and made indirect taxes simpler than ever before. Since the day the GST has taken place many drastic changes have been incorporated into the GST …
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The casual taxable person is defined as a person who undertakes the transaction occasionally involving the supply of goods and services, like shops in the fairs and seasonal businesses are required to take GST registration. A casual taxable person should take GST registration prior to the commencement of business. The registration certificate is granted on …
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GST registration applies to all individuals, HUFs, companies and other taxable persons supplying taxable goods and services. GST registration is a process to get themselves registered under the GST act. If any individual is supplying goods or services, he needs to take the GST registration in Gurgaon. GST registration is not mandatory unless the supplier …
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Export of goods and services is the focus area of the government. India is a member of the World trade organization (WTO) since January 1995. India being a member of WTO has promised to provide a concessional rate or tax-free goods and services for exporters of goods and services. The concessions are in two forms …
