GST TRAN-1 & TRAN-2 are forms that are used in India to claim credit for taxes paid under the previous indirect tax regime, such as the Value-Added Tax (VAT) and the Central Excise Duty, under the new GST (Goods and Services Tax) regime. MAKE CORRECTIONS IN GST TRAN-1 & TRAN-2 MANUALLY What is Tran-1? i. …
KNOW EVERYTHING ABOUT GSTR-4 GSTR-4 is a GST Return that has to be filed by a composition dealer. Unlike a normal taxpayer who needs to furnish 3 monthly returns, a dealer opting for the composition scheme is required to furnish only 1 return which is GSTR 4 once in a year by 30th of April, following …
Submitting GSTR-1 in GST Portal is made easy by Goods and Services Tax Network(GSTN).It contain some procedure which is easy to follow. GSTN: EASE OF SUBMITTING GSTR-1 IN GST PORTAL What is GSTR-1? GSTR-1 is a monthly or quarterly return that should be filed by every registered dealer. It contains details of all outward supplies …
AMENDMENTS OF E-COMMERCE will come into effect from January 1, 2022.These amendments are aimed at addressing various issues related to e-commerce, such as consumer protection, data localization, and compliance with foreign exchange regulations. RECENT AMENDMENTS ON E-COMMERCE EFFECTIVE FROM JANUARY 2022 What is E- commerce? Electronic Commerce has been defined in Sec. 2(44) of the …
Restriction to avail ITC under CGST includes Capital goods,Works contract service,Motor Vehicles,Outdoor catering and certain other services. SECTION 16(2) (aa)-RESTRICTION TO AVAIL ITC UNDER CGST Section 16 of The Central Goods and Services Tax, Act, 2017 (“CGST Act, 2017”) provides that subject to such conditions and restrictions as may be prescribed and, in the manner, …
Compliances of E-commerce operator vary by region and by industry, and it’s essential for e-commerce operators to stay informed about the specific compliance requirements that apply to their business. E-COMMERCE COMPLIANCES FOR SELLER What is E-commerce? Ecommerce as it is popularly known is buying and selling of goods and services via the internet. Ecommerce generally …
GST provision impacts on restaurant and ecosystem.A recent change in the goods and services tax (GST) rules has had an impact on the restaurant industry. This change may affect the way restaurants do business and may have wider consequences for the restaurant ecosystem. IMPACT ON RESTAURANT ECOSYSTEM The recent notification stated that food ordering platforms …
Restoration of Cancelled Registration means that if a business has had its registration cancelled by the CBIC, but the decision is later overturned by an appellate court, the CBIC will reinstate the business’s registration based on the court’s order CBIC: Restoration of Cancelled Registration based on Appellate order As per S- 107 of the CGST …
Aadhar Authentication for taxpayers involves providing their Aadhar number and undergoing a verification process to confirm their identity. The purpose of this requirement is to improve the accuracy and efficiency of the tax system, and to ensure that tax payments are being made by the correct individuals or entities. AADHAR AUTHENTICATION FOR EXISTING GST TAXPAYERS …
Restore of Cancellation of GST by CBIC. Taxpayers will restore their cancelled Goods and Services Tax registration by following some simple steps. CBIC: Restoration of Cancelled Registration based on Appellate order As per S- 107 of the CGST Act, 2017 any person who is aggrieved by any decision or order passed under this Act or …
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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