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DISSOLUTION OF PARTNERSHIP FIRM
Various circumstances might occur when all the partners of a firm decide to terminate the relations between them in order for a complete closure of the firm to come in action. Such a closure of a firm is termed as the “dissolution of firm” according to the section 39 of Indian Partnership Act. Further, section 189 of Income Tax Act […]
INTER STATE SUPPLY AND INTRA STATE SUPPLY IN INDIA
It is very important to understand the concepts of inter state supply and intra state supply as it has great significance under GST . So why does this two concepts has a great significance under GST? Under GST, the liability to pay the tax arises at the point of the supply and the place of the supply. The nature of […]
Trademark Registration Process
Investing the time and money to create a specific brand and seeing another using the same brand name is not a fun state of affairs to deprive you of your hard-earned brand reputation. Trademark (TM) holders sometimes end up in protracted litigation because their brand name was not licensed in India. Brand name trademark registration process is not a challenging […]
GSTR 2 EXCEL FORMAT
GSTR 2 A is generated on the common portal in JSON format and all transactions done gets reflected in...
COMPLIANCE CALENDAR OF APRIL 2019
INTRODUCTION When it is about business and about the management of a corporate company, the compliance refers to the company obeying all of the legal laws and regulations regarding the matters pertaining to how they manage the business, how they manage their staff, and their treatment towards their consumers....
FORM-11: ANNUAL RETURN OF LLP
After registration of a Limited Liability Partnership (LLP), there are a number of compliances that need to be done. There are two such forms which are filed annually. While one is Form 8, which deals with Statement of Accounts and Solvency; the other is Form 11 which deals with...
GST COMPOSITION SCHEME
GST is one of the most remarkable tax reforms of India. It is an indirect destination based tax imposed on goods and services. The taxes prevailing earlier such as service tax, VAT etc. were subsumed by GST. The purpose behind GST was to create ‘one nation, one tax’ and...
ALL ABOUT CGST, SGST AND IGST
GST or Goods and Services Act is an indirect tax imposed on the supply of goods and services in India. It was introduced for the first time on 1st July, 2017 by the President of India and Government of India. It was based on the concept ‘one nation, one...
DISSOLUTION OF PARTNERSHIP FIRM
Various circumstances might occur when all the partners of a firm decide to terminate the relations between them in...
INTER STATE SUPPLY AND INTRA STATE SUPPLY IN INDIA
It is very important to understand the concepts of inter state supply and intra state supply as it has...
DISSOLUTION OF PARTNERSHIP FIRM
Various circumstances might occur when all the partners of a firm decide to terminate the relations between them in order for a complete closure of the firm to come in action. Such a closure of a firm is termed as the “dissolution of firm” according to the section 39...
INTER STATE SUPPLY AND INTRA STATE SUPPLY IN INDIA
It is very important to understand the concepts of inter state supply and intra state supply as it has great significance under GST . So why does this two concepts has a great significance under GST? Under GST, the liability to pay the tax arises at the point of...
Trademark Registration Process
Investing the time and money to create a specific brand and seeing another using the same brand name is not a fun state of affairs to deprive you of your hard-earned brand reputation. Trademark (TM) holders sometimes end up in protracted litigation because their brand name was not licensed...
PROPRIETORSHIP VS PARTNERSHIP VS LLP VS PRIVATE LIMITED COMPANY VS OPC
The initial task before commencing a company is to select the ideal type of company for the business. It is very important to decide on the type of firm or legal entity which you want such as LLP, OPC and Proprietorship etc. before commencing a business. The entrepreneurs should...
THE INCOME TAX RETURN FILING FOR THE PROPRIETORSHIP FIRM
INTRODUCTION The proprietorship firms are required to file an income tax return just like Limited Liability Partnership firms and Companies which are registered in India. Since the proprietorship firms are usually considered to be similar as the proprietor which means the proprietor is treated like an individual only, the...
OPENING A BANK ACCOUNT FOR SOLE PROPRIETORSHIP
INTRODUCTION When an individual does a business in the name of one person only, it is called as a sole proprietorship. Proprietorships are not the registered business hence they fall under the category of the unregistered business. They are not registered under Central Government. They work as an independent...