Conversion of a Partnership Firm into a Private Limited Company In this article we will discuss about the Conversion of partnership firm into a private limited company in depth. Most partnership firms in India come to a stage where they want to diversify, seek capital or obtain the reputation that a private limited company has. […]
Read MoreGST Returns to Become Time-Barred After 3 Years Starting 2025 A new reform made by the Government of India in the GST regime that will affect all the taxpayers has been announced as of late. From the earliest of January 2025, GST returns will be barred by time, three years from the date they were […]
Read MoreConversion of Private Limited Company to LLP In this article we will discuss about the conversion of private limited company to LLP, Bolting change of Private Limited Company (PLC) to Limited Liability Partnership (LLP) has become the trend among the business owners who looked forward to more freedom, less regulation, and taxes. This guide covers […]
Read MoreGST Amnesty Scheme 2024 Under Section 128A GST Amnesty Scheme 2024: The introduction of Section 128A in the Central Goods and Services Tax (CGST) Act marks a significant step towards easing tax compliance for businesses. Proposed during the 53rd GST Council Meeting, this section aims to provide conditional waivers of interest and penalties for specified tax periods. This scheme […]
Read MoreConversion of Trust into a Section 8 Company In this article we will discuss about the Conversion of trust into a section 8 company, Especially for organisations that work in the charitable field, it can be a great advantage and more importantly adds credibility to the trust converted as a Section 8 company. After the […]
Read MoreGST Under RCM on Metal Scrap from Unregistered Persons The Goods and Services Tax (GST) mechanism in India is one of the primary roads maps with a view to integrate the taxation system of the country. Where the tax laws of GST are particularly peculiar is through the so called Reverse Charge Mechanism (RCM) which […]
Read MoreTax Compliance Calendar for FY 2024-25 for Public and Private Companies November marks an important month for companies to ensure compliance with various statutory requirements. These apply equally to private and public companies under different rules and regulations. Below is an outline of the critical compliances, their legal basis, and deadlines. Rule 9A of the […]
Read MoreComplete Guide for Converting a Society into a Section 8 Company The Companies Act, 2013 in India provides an avenue for societies that aim to promote charitable objectives to register as Section 8 companies. A Section 8 company is a non-profit organization, created primarily for social or charitable purposes, such as promoting commerce, art, science, […]
Read MoreCBIC Makes Virtual Hearings Mandatory for Departmental Proceedings CBIC GST Updates: The Central Board of Indirect Taxes and Customs (CBIC) has issued revised guidelines mandating virtual hearings for all departmental proceedings under the CGST, IGST, Customs Act, Central Excise Act, and Chapter V of the Finance Act. Under these new directives, personal hearings must now […]
Read MoreNovember Tax Compliance Calendar for FY 2024-25 Considering the fact that tax compliance affects all businesses regardless of the size, it is very important for any business to stay up to date to avoid cases of penalties, ensure smooth operations and to achieve credibility. Below are the due date chart for November 2024’s tax compliance […]
Read More