A Private Limited Company in India that is engaged in exports must comply with various legal, regulatory, and tax-related requirements under multiple laws. Below is a comprehensive list of compliances to be followed, categorized under different heads BRIEF SUMMARY Area Relevant Law Key Documents Corporate Companies Act AOC-4, MGT-7, AGM Resolutions Tax Income Tax Act […]
Tag: gst registration procedure
How to register your business under GST?
The Online GST Registration is an indirect tax that aims to eliminate a number of other indirect taxes in India. GST Registration is the procedure for a taxpayer to become GST registered. Once a firm has been formally registered, it is given a unique registration number known as the GSTIN. This is a Fifteen-digit number […]
GST Registration process in India
All persons and companies supplying goods or services in India must register for GST. When the total value of a supply surpasses Rs.20 lakh, GST registration is required. To make tax reporting easier, the Ministry of Finance (MoF) simplified the GST Registration Process. If the worth of the business surpasses Rs.10 lakh per year in […]
ONLINE GST REGISTRATION IN INDIA
Goods & services tax rolled out across India since 01st July, 2017. GST is a form indirect taxation method in India and which is a more simplified version of erstwhile Value added tax (VAT). Various features of GST that makes it more simplified & efficient to use are discussed in the article. What is GST […]
GST REGISTRATION PROCESS IN INDIA
Goods & services tax viz. is popularly known as GST is a form of indirect taxation method prevailing in the India. Government of India rolled out the new format of indirect taxation on 1st July, 2017 by pushing aside the earlier regime of Value added tax (VAT). The idea of having GST is to transform […]
Impact of GST on Export of Goods and Services
GST for export of goods and services in India is zero-rated. Zero-rated supply does not mean that the goods and services have a tax rate of ‘0 ’. It means that the recipient of the supply is entitled to pay ‘0%’ GST to the supplier of goods or services. This blog will help you underst and […]
WHAT IS THE GST REGISTRATION PROCEDURE
GST REGISTRATION PROCEDURE The taxation system for goods and services in India is defined by a cascading tax structure which leads to slower economic growth. To remove this problem, a uniform and a simple tax system like GST (Goods and Service Tax) is needed to unite the nation. The main expectation from this is to […]