Informative Articles on Legal Licenses
Under GST, there are 21 offences. These have been categorized into heads as follows for ease of understanding: False or incorrect invoices: Any goods or services that are provided by a taxable person without an invoice or with a fraudulent invoice. He violates the regulations of the GST by issuing any invoice or bill without …
The majority of us are curious and perplexed about the Goods and Services Tax (GST). Even before the GST regulation went into effect a few months ago, many business owners were scrambling to complete the necessary paperwork in order to comply with the new taxation system. Is it necessary for a sole proprietorship to have …
As per common people, a digital signature is a code attached to a message or a document. Verifying the code confirms that the message was unchanged or it was not tampered with. It should not be confused with a digital signature certificate, which is equal to paper certificates to validate the identity of the holder. …
Established under the Food Safety and Standards Act 2006, the Food Safety and Standards Authority of India (FSSAI) is a statutory body that works under the Ministry of Health and Family Welfare. Before FSSAI Act 2006, a number of food laws were from various ministries, organizations, and agencies to set standards and enforce set rules …
How to renew the import-export code? It is essential to update every data of a company to remain relevant in business. The information includes branch details and business activity status like whether you are a manufacturer or merchant in the Import Export Code. If your information is not updated or incorrect, it may lead to …
To make the process of managing GST easier, the government also introduced some tools for the officials, businesses and consultants. The GST Prime is a tool by the National Informatics Centre (NIC) to provide complete assistance to the tax administrators of the state/center to analyze and monitor the tax collection and compliance in their jurisdiction. …
Selling items or wares in the worldwide commercial center is really an incredible possibility for the development of the business. There was a period when it was truly intense for individuals to set-up and run the firm of Import Export in India. Putting your administration or item on the map on the planet was a …
What is a digital signature?A digital signature a kind of electronic mark is a numerical calculation regularly used to approve the genuineness and respectability of a message (e.g., an email, a Mastercard exchange, or a computerized report). digital signatures make a virtual finger impression that is special to an individual entity or matter and are …
The GST rate slabs are decided by the GST Council. The GST Council revises the rate slab of goods and services periodically. The GST rates are usually high for luxury supplies and low for essential needs. In India GST rate for various goods and services is divided into four slabs: they are 5% GST, 12% …
The Goods and Services Tax Act of 2017 was passed by the Indian Parliament, bringing about the foundation of the Goods and Services Tax (GST) in India. It is a utilization put together or backhanded added charge with respect to the inventory of labor and products. It is forced at each phase of the assembling …