BENEFITS OF REGISRATION UNDER STARTUP 1. SELF CERTIFCATION UNDER VARIOUS LABOUR LAWS A. Objective To reduce the regulatory burden on Startups, thereby allowing them to focus on their core business and keep compliance costs low. B. Benefits Startups shall be allowed to be self-certify compliance for 6 Labour Laws and 3 Environmental Laws through […]
Read MoreUnder the Startup India Action Plan, startups that meet the definition as prescribed under the G.S.R. notification 501 (E) are eligible to apply for recognition under the program. The Startups have to provide support documents, at the time of application. Eligibility Criteria for Startup Recognition: The Startup should be incorporated as a private limited company […]
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Read MoreExtract of Circular No. 58/32/2018-GST Subject: Recovery of arrears of wrongly availed CENVAT credit under the existing law and inadmissible transitional credit – regarding Various representations have been received seeking clarification on the process of recovery of arrears of wrongly availed CENVAT credit under the existing law and CENVAT credit wrongly carried forward as transitional […]
Read MoreDeduction of tax at source from payment on transfer of certain immovable property 1 Provisions of Section 194-IA: (1) Any person, being a transferee, responsible for paying (other than the person referred to in section 194LA) to a resident transferor any sum by way of consideration for transfer of any immovable property (other than agricultural land), shall, […]
Read More Effective date This levy shall come into force on June 1, 2016. Charge of equalisation levy Following persons a) a person resident in India and carrying on business or profession; or b) a non-resident having a permanent establishment in India. have to charge/deduct at the rate of 6% of the amount of consideration […]
Read MoreCRUX of Sec.44AB:-In A/Y 16-17 There was the concept that Assesssee claiming less that 8% of income than he must do the Audit of accounts…but now the person who show there income less than 8%/6% in 44AD …in these cases person need not to go for audit until the limit of turnover not reaches the […]
Read MoreGST refund can be Submitted Online through The GST portal , after applying online you have to submit the Following Documents in their respective State VAT department:- Application for refund should be compulsorily filed before jurisdictional officer. Refund ARN Receipt No. (ARN) Form GST RFD-01A downloaded from GST website. Electronic Credit Ledger download from GST […]
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