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Composition Scheme Under GST Explained
Businesses with yearly turnover equal to Rs 1.5 Crore may select composition scheme. Turnover of all businesses with identical PAN requires adding up in order to calculate turnover for the objective of composition scheme. The following entities are eligible to choose this scheme:
As per …
Goods and Services Tax or GST was first introduced on 1st July 2017. GST is considered as one of the most praise worthy changes in the Indian taxation system. On 29th March 2017, the GST Act was passed in the Lok Sabha and it has been termed as a ‘Good and Simple Tax’. This indirect tax has replaced VAT, Service tax, Excise, Entry tax, Entertainment …
| S. | Description of Services | Rate |
| No. | ||
| 1 | Services by an entity registered under section 12AA of the Income-tax Act, 1961 (43 of 1961) by way | Nil |
| of charitable activities. | ||
| 2 | Services by way of transfer of a going concern, as a whole or an independent part thereof. | Nil |
| 3 | Pure services (excluding works contract service or … |
Insolvency & Bankruptcy Code, 2016
When an entity or organization is not capable to assemble its unsettled financial debt towards its lender, thereafter such a situation is referred as Insolvency. Insolvency can be settled by modifying the plan of repayment. In addition, a part of that loan can be written off as well. In case, such a problem is not resolved, a lawsuit may …
GST registration Process in India
Goods and Services Tax or GST was first introduced on 1st July 2017. GST is considered as one of the most praiseworthy changes in the Indian taxation system. On 29th March 2017, the GST Act was passed in the Lok Sabha and it has been termed as a ‘Good and Simple Tax’. This indirect tax has replaced VAT, Service tax, Excise, Entry …
Corporate Entity Registration
Proprietorship Registration
MSME or SSI
Registration
Import Export
Registration
Trademark
Registration
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