In a significant move aimed at helping taxpayers and making tax rules easier to follow, the GST Council Meeting has recommended extending some important programs and relaxations through the GST amnesty scheme. These programs are designed to assist those who haven’t filed certain tax returns, those whose tax registration got canceled, and those who received […]
GST Amnesty Scheme Expands: Big News Read More »
In recent years, the Income Tax Department has been working faster to process income tax returns (ITR). But this speedy process has caused some problems. When your ITRs are processed quickly, you might not have enough time to fix mistakes you made in your original returns. This can lead to issues, like getting a bigger
Income Tax Refund surplus management Read More »
In the world of companies and how they are run, there’s something important called a Director Identification Number (DIN). This isn’t just a random number; it’s a special code that helps us know who the people are that hold important positions in companies. The law says that this Director Identification Number is really important. It
Director Identification Number is crucial: Why Read More »
The Ministry of Corporate Affairs (MCA) has introduced a program called the LLP Amnesty Scheme, outlined in General Circular No. 08/2023 dated 23rd August 2023. This program is specifically aimed at making things easier for Limited Liability Partnerships (LLPs) that struggle with meeting deadlines for submitting their forms – form-3, form-4, and form-11. The main
LLP Amnesty Scheme Read More »
In the fast-paced world of business, adhering to regulations and compliance standards is crucial for sustainable growth. Regulatory compliance ensures that companies operate within legal boundaries, fostering transparency, trust, and accountability. One such essential compliance framework is the ROC (Registrar of Companies) Compliance. In this article, we present a comprehensive ROC Compliance Checklist that covers
ROC compliance checklist: Key Guide Read More »
In the realm of company law, the process of naming a company and subsequently altering its name holds immense legal and strategic significance. This article delves into the intricacies of these processes, shedding light on the legal nuances and practical implications associated with each. Companies Act, 2013: Governing the Corporate Landscape – The Companies Act,
Company Name Availability vs. Change Read More »
With the rise of the Internet and the popularity of smartphones, the E-commerce industry has made impressive progress. In India, E-commerce has become a quick and easy way of conducting business without limitations. In this article, we will explore the concept of E-commerce operators under GST, its associated requirements, and recent updates. Definition of E-commerce
E-commerce Operators: GST updates Read More »
Form MGT 14, introduced by the Companies Act of 2013, serves as a way to officially share specific decisions with the Registrar of Companies (ROC). These decisions are required to be filed once they are agreed upon in meetings involving the company’s creditors, shareholders, and board of directors. In this article, we’ll explore the purpose
Form MGT 14: Explore Resolutions Read More »
International Accounting Standard 11 (IAS 11) stands as a cornerstone in the realm of financial reporting and accounting, specifically addressing the intricate nuances associated with construction contracts. The principal aim of IAS 11 is to provide a meticulous set of guidelines that govern the accounting treatment of both revenue and costs linked with construction contracts.
IAS 11- Construction Contracts Read More »
A one-person company is a type of business entity characterized by having only one individual as its member or owner. This unique structure offers certain advantages, particularly in terms of reduced compliance requirements compared to more complex business structures like private limited companies or Limited Liability Partnerships (LLPs). In this article, we will delve into
OPC Annual Filing Made Easy Read More »
MSME, which stands for Micro, Small, and Medium Enterprises, represents a part of India’s economy that drives growth, innovation, and progress. These enterprises, also known as Small Scale Industries (SSI), have been expanding for over sixty years. The government has actively supported MSMEs through policies and initiatives like the Udyam Registration system, investment classifications, and
Essential MSME Guide: Key Information Read More »
Reconciling purchases with the purchase register is like solving a puzzle to make sure all the pieces fit perfectly. Imagine overseeing all business expenses, such as supplies and materials. The purchase register serves as your shopping list, recording purchases and expenditures. Reconciliation involves comparing this list to actual receipts and bills, ensuring accurate records. Importance
Smart Purchase Reconciliation: Save Money Read More »
Legal Suvidha has been a one-stop Compliance Provider for all start-ups and entrepreneurs.
Want to Setup your business in India? Connect with the best Online Registration, Licenses and Return filing solution providers for business across India. Since 2007, LegalSuvidha has been a one-stop shop for all startups or entrepreneurs looking for a chartered accountant, company secretary or lawyer. We have been ensuring Startups and SMEs are fully compliant with India’s legal system. Over the past 15 years, the depth of our offerings has increased and that too at affordable prices and customer satisfaction has made our standing different and we are giving a tough competition to other online facilitators of legal services in India. We have the best team for Company incorporation, Trademark Registration, Auditing, Advisory and Tax Filing for large, medium, small businesses and Startups in India.
Most of the budding entrepreneurs are in dilemma about what kind of entity to register when they start their business. Should it be a private limited company, limited liability partnership, partnership firm, one person company or a sole proprietorship? Each of these has its advantages and disadvantages. The type of entity should be chosen only after one round of consultation with our experts, as they will be in a better position to guide on the same. For example, Registering as a private limited company would be a good fit for any venture that will look for funding at a later stage. You can contact Legalsuvidha for any type of registration and advice you need for your business transactions. We assure you of great professional service at a reasonable price. You can connect with us for a free check on the Company name availability.
The importance of intellectual property is very much but most of the businesses are not aware of the same. We at LegalSuvidha simplify the process for you to register a Trademark for your brand, to get copyright for your artistic, creative ability and will also help you in patenting the process after a proper patent search patents which will ensure that you have sole rights to your creation, be it your brand, your designs or your inventions. At Legalsuvidha, we are very well equipped to handle all your IP requirements. We facilitate trademark applications in just two days, copyright registration for all your software, pictures, audio, and video content, and can connect you to patent attorneys to conduct a patent search and file your patent applications.
To do any business in India, you need a license for almost everything. Started a manufacturing business? You need a GST Registration and a Trade License. For a food business, you need an FSSAI license. In case you have employees, You need a Professional Tax registration and Shops & Establishments Act Registration. If that’s not enough, you also need to file GST Returns and Professional Tax Returns.
There is a lot of importance of legal documentation when you start your business, whether with your Investors, partners/co-directors, employees and any vendors you deal with. By getting a lawyer to draft contracts or agreements with new vendors, employees, and investors, you’re ensuring that you have all the downsides covered. At LegalSuvidha, we connect you to lawyers who will deliver complex documents, from shareholders’ agreements and founders’ agreements to terms of service/privacy policy and non-disclosure agreements, at a reasonable cost in a few days.
It’s not enough to have started a private limited company or an LLP. You need to comply with all the requirements of the Ministry of Corporate Affairs, Central Board of Indirect taxes and Central Board of direct taxes once you register your business. You need to inform them of every relevant change you make, whether it is adding a director, removing a partner or increasing authorized share capital. You also need to file annual returns and maintain your accounts. In the case of a private limited company, you even need them audited. At LegalSuvidha, we facilitate all these services completely online. This means you can engage a professional on retainer for the year and we’ll ensure that all the formalities are completed for you while you focus on your business.
We are Authorized e-return Intermediaries and have recently launched our own ITR filing platform, this will help the salaried employees and businesses to get their ITR filed within the time and at a reasonable price. Through the use of automation, the system is highly effective and will help in filing ITR in up to 10 minutes for Salaried employees. We have on-boarded the best Chartered Accountants who will provide consultation for both Salaried employees and Businesses to file proper taxes to the government of India. This will help in avoiding legal notices in the future and will also help in getting the returns processed at the earliest. We are the first in the market to launch the ITR filing facility for FY 2018-19.
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