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Author Archives: Yogita Goyal

Advance Tax Payment: Due Dates And Interest on Late Payment

Salaried, freelancers and businesses– If your total tax liability is Rs 10,000 or more in a financial year you have to pay advance tax. Advance tax applies to all tax payers, salaried, freelancers, and businesses. Senior citizens, who are 60 years or older, and do not run a business, are exempt from paying advance tax. Presumptive […]

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How and When to Register in Different States under GST?

Have you completed your GST registration but still wondering if you need to register in other states? It’s true, you may have to get your business registered in other states as well. If your operations are limited to a single state, then you need to register in that one particular state. But if you have […]

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7 steps to register your startup in Startup India

To get the “Startup” recognition under per Startup India you just have to follow theses 7 steps- 1. Incorporate your business You must first incorporate your business as a Private Limited Company or a Partnership firm or a Limited Liability Partnership You have to follow all the normal procedures for registration of any business like obtaining certificate of Incorporation/Partnership registration, PAN […]

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Cases in which GST registration is compulsory

  We will explain the situations under which registration under GST is mandatory. Under GST as a general rule, a person whose turnover exceeds Rs.20 Lakhs (10 Lakhs in special category states) need to take registration under GST.  However, the following categories of persons, irrespective of turnover, are required to take compulsory registration under GST. A Person making Inter-state taxable supply A person […]

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Waiver of late fee on filing of GSTR-3B for August and September, 2017

In view of the difficulties being faced during the return filing process and in order to further facilitate taxpayers,  he competent authority has decided to waive the late fee on filing of GSTR-3B for the months of August and September, 2017. The necessary software changes are being carried out in the IT system. Electronic cash […]

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GST Revenue Figures – As on 23 rd October, 2017

The Goods and Services Tax (GST) was introduced on 1st of July, 2017. The total number of GSTR 3B returns filed for the month of September 2017 is 42.91 lakhs (as on 23.10.2017). The last date for payment of GST as well as filing of GSTR 3B return for the month of September 2017 was […]

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What are the Pros (advantages) and Cons (disadvantages) of GST in India?

Thinking about GST Pros and Cons? The Goods and Services Tax is a unified, destination-based tax that was implemented in India from July 1, 2017 to effectively replace all the existing indirect taxes, including service tax and vat. The GST has directly affected the businesses involved in the selling/buying of good and services, as well […]

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Company Incorporation in India

Company Incorporation in India How to Incorporate in India | Forming Company in India | Forming Subsidiary in India | Starting Business in India | How to form Subsidiary in India | Opening Branch in India | Types of Companies in India | Corporate Laws of India | Companies Act   Private Limited Company We provide […]

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Mandatory Compliances for an Limited Liability Partnership (LLP)

Keep your limited liability partnership from being a defaulter by following just little compliance as “Prevention is always better than Cure”. Every LLP after its incorporation with MCA should take care of certain compliances and practical aspects associated with it. One of the important legal factors associated with LLP or any business is to follow the mandatory […]

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