Extract of Annual Return to be filed with ROC
Board of director’s report is the main part of company’s annual report as its required having details of the company. According to companies act 2013 read with Companies
Consequences of not filing Annual Return with ROC – Form MGT 7
In our previous article, we have discussed when and how to file company’s annual return and signing of annual returns. In this article, we will be discussing the
What is Input tax credit under GST – Explained with examples
The main reason of bringing GST law into India is to reduce the cascading tax effect. As per the present law, at each stage of the entire supply
Who is Liable to get Registered under GST
With effect from 1st July 2017, Goods and Service Tax (GST) has been introduced in India to combine nine existing taxes into one. In this article, we will
How to get GST Registration in India – A Step-By-Step guide
Not all suppliers in India are required to get GST registration. If you fulfil certain conditions then only registration under GST law is mandatory. After GST registration, you
Intrastate supply Vs interstate supply in GST
The meaning of intrastate supply and interstate supply is important in GST law to know the tax implication. As per the present GST law, states only have the
Restrictions on One Person Company – OPC
A company is classified as One Person or private or public limited on the basis of their number of members. According to section 2(62) of the Companies Act,
How to calculate aggregate turnover for GST registration
In this article, we will be discussing the meaning of aggregate turnover as per GST law. Before getting into the definition and things that are included or excluded,
Form 12BB – Investment Declaration Form for Income Tax
Employees are required to provide a declaration at the beginning of the financial year or at the time of joining the organization showing proposed investments and expenses eligible
All about Goods and Services Tax Identification Number – GSTIN
Business units registering under GST law will be provided a unique identification number known as Goods and Services Tax Identification Number or GSTIN. GSTIN consists of 15 unique