GST Registration
REGISTRATION OF GST MADE EASIER FOR SERVICE PROVIDERS
RJA 01 Jan, 2018
GST Registration for Service Providers Registration of GST has been made easier for service providers by implementing modified rules in the 23rd GST Council Meeting. Turn Over limit remains the same for service providers as well Service providers to register for GST must have a turnover of Rs.20 lakhs ...
OTHERS
Quick Review on RERA Act: Registration Requirement & Process
RJA 28 Dec, 2017
Quick Review on RERA Act: Registration Requirement & Process Who is a Real Estate Agent? Section 2 (zm) of RERA defines real estate agents. According to the definition, a “real estate agent” means any person, who negotiates or represents other persons for transfer of a real estate property by ...
GST Filling
THRESHOLDS AND ELIGIBILITY CRITERIA OF MONTHLY GST RETURN IS TURNOVER EXCEEDED 1.5 CR
RJA 12 Dec, 2017
GST RETURN FILLING: GST Return filling means return prescribed or required to furnished by or under GST Acts or by the rules made thereunder. A GST return is a completed document that has details of sale/revenue which a taxpayer is required to file with the GSTN authorities. This is ...
INCOME TAX
LEGAL STATUS OF BITCOINS IN INDIA
RJA 12 Dec, 2017
What's Cryptocurrencies-Bitcoin? Bitcoin is a cryptocurrency invented by a few unknown groups of people. You can buy or sell bitcoins on a bitcoin exchange. The currency is not controlled by any bank or government. Blockchain is the leading technique behind bitcoin and other cryptocurrencies. It's a public ...
ROC Compliance
Common mandatorily annual compliance of Private Limited company
RJA 11 Sep, 2017
COMPLETE FILING OF YOUR COMPANY ROC ANNUAL COMPLIANCE- COMMON COMPLIANCE’S WHICH A PRIVATE LIMITED COMPANY HAS TO MANDATORILY ENSURE- TIME IS RUNNING OUT-: - While you are busy planning the business strategies, there are various compliance’s which are required to be followed ...
Goods and Services Tax
SAC CODES FOR LEGAL AND ACCOUNTING SERVICES
RJA 27 Jul, 2017
Heading no. 9982 Legal and accounting services Group 99821 Legal services 998212 Legal advisory and representation services concerning other fields of law. 998213 Legal documentation and certification services concerning patents, copyrights and other intellectual property rights. 998214 Legal documentation and certification services concerning other documents. 998215 ...
Goods and Services Tax
GOODS AND SERVICES TAX IMPACT ON REAL ESTATE
RJA 07 Jul, 2017
GST IMPACT ON REAL ESTATE The new Goods and Services Tax regime charges under-construction properties at 12% with reducing logistic costs. It also provides for a simplified tax structure for buyers and input tax credits that allow builders to increase profit margins as well as transfer benefits of the same to ...
Goods and Services Tax
SALIENT FEATURES OF NEW GST SYSTEM IN INDIA
RJA 22 May, 2017
SALIENT FEATURES OF NEW PROPOSED GST SYSTEM IN INDIA : In keeping with the federal structure of India, it is proposed that the GST will be levied concurrently by the central government (CGST) and the state government (SGST). It is expected that the base and other essential design features would be ...
Goods and Services Tax
Latest news from the GST council - final GST rates structure in India
RJA 22 May, 2017
LATEST NEWS FROM THE GST COUNCIL – FINAL GST RATES STRUCTURE IN INDIA We already know that the GST slabs are pegged at 5%, 12%, 18% & 28%. According to the latest news from the GST council, the tax structure for common-use goods is as under. GST Rates Structure Tax Rates Products 5% Edible ...
Goods and Services Tax
GST : Value of supply under GST Act
RJA 09 Apr, 2017
VALUATION OF SUPPLY UNDER G.S.T Calculation of Value of Supply under GST Supply value is an important concept in the sense of GST as it specifies the GST payable in a transaction. Pursuant to the GST Act, the value of the supply of products or services is the ...
One Person Company
Inc-29 One Person Company Registration
RJA 20 Mar, 2017
The company registration process is being fast-tracked by Form INC-29 which is formed by the ministry of corporate affairs. The Companies Act of 2013 includes the One Person Company. This is why the fast track registration process is also applied to the One Person Company Registration. This particular article will talk ...
Business Setup in India
Everything That You Need To Know About Limited Liability Partnership
RJA 20 Mar, 2017
It is a tactful process and it includes a step by step process. LLP is an emerging small business entity practised in India under a certain act known as LLP Act, 2008. The relaxation of the FDI rules which concern LLP has drastically increased the interest amongst certain NRIs and Foreign ...
One Person Company
Registration of One Person Company
RJA 18 Mar, 2017
Registration of One Person Company Start a business, sure? One of the first considerations that could come to mind is the legal structure of your business? In this article, we will explore the various types of organization structures that are available and how we can settle on the best corporate ...
Business Setup in India
How To Name Your Indian Business
RJA 18 Mar, 2017
Shakespeare said, "what's there is a name"? Well, it means a lot in the industry. The name of your firm is the first and new start to determine when you start a business and it has to be wisely selected because it will be your company's ...
Limited Liability Partnership
Conversion of the Partnership Firm into LLP
RJA 17 Mar, 2017
Conversion of the Partnership Firm into LLP The Limited Liability Partnership in India was introduced by the Limited Liability Partnership Act of 2008. It was organized for a number of reasons which include creating a flexible environment for small enterprises and uplifting the service sector so that the business synergies can ...
Business Setup in India
Advantages of a Private Limited Company
RJA 15 Mar, 2017
Beginning a company is an exciting and gratifying process and these days, virtually everybody wants to operate a business. The selection of a corporate company is one of the essential choices before going into a business venture. This can be a proprietorship, corporation, joint corporation or private business. A good ...
One Person Company
The Rules for Incorporation of the One Person Company
RJA 12 Mar, 2017
INCORPORATION OF ONE PERSON COMPANY It was recommended in 2005, by the committee by Dr. JJ Irani. The One Person Company was introduced in India in the year 2013. The Draft Rules under the act known as the Companies Act 2013 has defined the incorporation process of the One Person Company. ...
Limited Liability Partnership
All About Compliance Post LLP Incorporation
RJA 03 Feb, 2017
All about Compliance Post LLP Formation For the perfect and efficient functioning of the Limited Liability Partnership, there are compliances and legal matters that need to be settled. To file an LLP Agreement: This agreement looks over the powers and entitlements of the partners and the organization itself. This ...
Business Setup in India
What Are The Duties Of Partners in Limited Liability Partnership?
RJA 02 Feb, 2017
Limited Liability Partnership or in short LLP is a kind of partnership in which, as the name says, has limited partnership rights and liabilities. General Duties of the partners in LLP: The foremost thing in any of these kinds of partnerships is the trust factor among every partner. No one ...
Goods and Services Tax
Overall Impacts of GOods and Service Tax
RJA 28 Dec, 2016
One of the most emerging taxes of the future that is added on consumption goods and value-added basis is the Goods and Services Tax (GST). From now one cannot distinguish between the ‘Dual GST’ that is going to be imposed on goods and services. The tax will be ...
Goods and Services Tax
GOODS AND SERVICES TAX Impact on Tea industry
RJA 27 Dec, 2016
The two tea associations i.e. the Indian Tea Association (ITA) and the United Planters’ Association of Southern India (UPASI) are worried about the GST rates. They believe that if the GST rates, which will be announced soon, are higher than the present VAT rates which are between 5-6 ...
Goods and Services Tax
Impact of Goods and service Tax on Pharmaceutical Sector
RJA 26 Dec, 2016
The current tax structure of our country contains many complications because of the multiplicity of taxes, tax surging, and a large number of necessary responsibilities. In order to create a more uncomplicated tax structure, various Indirect taxes have been incorporated in the GST. In the GST act, there has been ...
Goods and Services Tax
Impact of GST on Textile Industry
RJA 24 Dec, 2016
Impact of GST on Textile Industry The textile industry and especially the cotton value chain are going to be affected negatively by the changing GST rates. Although the GST rates are not announced yet it is likely to bring a great change. Dr. Arvind Subramanian Committee has recommended putting down ...
Goods and Services Tax
Impact of GST on telecommunication industry
RJA 23 Dec, 2016
With the model draft of GST law, the industry has been transformed in a great way. This has changed the new industry due to ease of registration, smooth credit flows and a single tax approach. The business and the State government must be directly involved. This is a basic requirement ...
