GST Number Search What is GSTIN? Before the implementation of GST, all the taxpayers were registered under the state VAT law and they were assigned a unique TIN number. On the other side, the service providers were assigned a service tax registration number by the Central Board of Excise and Custom (CBEC). Since the GST…
What Needs to Register for GST in Indiad Goods and Services Tax (GST) is an indirect tax which has been implemented in India on 1st July 2017. The major objective behind the implementation of GST is to make a uniform tax in India. GST is basically based on the Canadian model, which is now a…
GST Registration for Proprietorship Proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts. Sole Proprietorship is the easiness form of business done in India since it…
Impact of GST on MSME GST and MSME GST (Goods and Services Tax) was introduced in the year 2017 on the month of June. GST registration is mandatory for all the businesses in India who lies under GST criteria. Implementation of GST has made a drastic change in the taxation system, some of the sectors…
How to Register in MSME What is MSME Registration? MSME represents Micro, Small and Medium Enterprises and any venture that falls under any of these three classifications. MSME venture are the foundation of any economy and are a motor of monetary development, advancing fair advancement for all. Thus, to help and advance MSME, the Government…
Benefits of Gumasta License The Municipal Corporation of Greater Mumbai was earlier named as Brihanmumbai Municipal Corporation. This is the primary civic body that governs the financial of India, Mumbai. It is one of the richest Municipal Corporations that was established under the Bombay Municipal Corporation Act of 1888. The annual budget of this municipal…
All About Public Limited Company Registration A public limited company is a legal designation of a limited liability company. This means that the public company grants limited liability to the owners and management. It offers shares to the public and has limited liability. The shares can be acquired by anyone though initial public offerings or…
GST Compliance Checklist for your Business As the GST has been imposed after July 1, 2017, it has become mandatory for all businesses to prepare for final stages of implementation of this tax reform. GST is a procedure that is technologically driven. Accurate and timely GST compliances are necessary. One may begin with GST Registration.…
Thresholds and Eligibility Criteria under GST Registration The New GST Registration and Eligibility Criteria is mandatory to any individual or group involved in commercialized business, as it enables the proprietary to discharge taxes and avail the benefits of input tax credit. In the GSR regime, certain businesses have to register mandatory. In case they carry…
Pros and Cons of GST Registration GST Regime in India Before the introduction of Goods and Service Tax (Often referred as GST), Indian consumers paid various taxes on goods and services. Since the constitution allows both the center and state to levy taxes, each state levied their own taxes on the goods coming into their…