One of the earliest and simplest business structures to establish in India is the Proprietorship Firm. A proprietorship is a form of business where the owner possesses, operates, and manages the whole business. The proprietorship and proprietor are the same, making it simple to operate, and there are very few compliance obligations. A Proprietorship Firm cannot have additional […]
Tag: GST Registration process
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 […]
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 […]