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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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Valuation of Supply Between Principal And Agent

Under erstwhile VAT regime, the term ‘Dealer’ who was required to register on the basis of turnover of sales, included an agent who carries on the business of buying, selling, supplying or distributing goods on behalf of any principal. This was prevalent in most of the State VAT laws. This indicates, that the agent was […]

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GST Registration – Eligibility, Process

Under the new GST regime, all entities involved in buying or selling goods or providing services or both are required to register for GST. Entities without GST registration would not be allowed to collect GST from a customer or claim input tax credit of GST paid or could be penalised. Further, registration under GST is […]

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GST on Restaurants-Analysis

GST is here, and businesses are still trying to understand the changes  required in their current systems to accommodate the new compliance model. On this note, we bring you our impact analysis on something which is very near and dear to us; or, rather to our stomachs –the restaurant and food industry. Here we will […]

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GST is simple system

June, 30th 2017 Finance minister Arun Jaitley told Deepshikha Sikarwar in an interview that prices should decline after the goods and services tax (GST) is in place July 1, while anticipating some teething troubles. Edited excerpts: How disruptive will GST be? Some experts as well as economists have suggested a dip in growth. Any change, […]

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