GST Council to Regulate Gold Transportation
The GST Council is expected to finalize rules in the coming week to regulate the transportation of gold and precious stones worth ₹2 lakh or more by merchants. These rules aim to enable states to monitor the movement of these valuable items and prevent tax leakages. The proposed regulations would allow states to require GST-registered […]
ITC MISMATCH IN GSTR-3B VS GSTR-2A/2B
Over the past year, the GST departments of almost all states have issued notices regarding discrepancies in Input Tax Credit (ITC) using the GST ASMT-10 form. These notices seek an explanation from taxpayers regarding the difference between the ITC claimed in GSTR-3B and the ITC available inGSTR-2A/2B. This has raised an important concern among taxpayers […]
What is the process of Pvt Ltd Company Registration?
Before understanding of Pvt Ltd Company Registration Process. we have to understand the, what is a Private Limited Company? What is a Private Limited Company? A Private Limited Company is the most common type of business entity in India. Business owners hold Pvt Ltd Company privately, and the members of the company have limited liability […]
Union Budget 2023-24
Announcing its last full budget before the 2024 elections, the NDA government focused on a slew of measures that expanded Capital Expenditure spending and tied in various priorities including Green Growth, Youth Power and Inclusive Development. This was also accompanied by major tax announcements for the salaried class, with changes in tax slabs and a clear intention to shift […]
Classification under GST: Role of HSN
Classification under GST: Role of HSN What is classification? There are thousands of tradable commodities chargeable to different rates of tax. Then how does one ascertain the applicable rate of tax on a particular product. The answer to this question is by classifying goods in different groups sub-groups according to their nature, composition etc. and […]
GST REGIME & ITS IMPACTs
GST is a comprehensive consumption tax on goods and services. It will cover in its ambit all forms of supply of goods and/or services such as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business. GST […]
Boosting-up the Startup Ecosystem in India
Boosting-up the Startup Ecosystem in India Innovation in India is not just limited to certain sectors. We have recognized start-ups solving problems in 56 diverse industrial sectors with 13% from IT services, 9% from healthcare and life sciences, 7% from education, 5% from professional and commercial services, 5% from agriculture and 5% from food & […]
Indian Startup Ecosystem
In recent years, a global jargon “Startup” has got into the focus and much needed attention in many parts of the world. An endeavour nation with the largest young population in the world, India cannot be far behind in enabling the right ecosystem for the growth of start-ups. There are no fixed parameters on […]
