Information

No recovery of interest on Gross GST Liability
GST Liabilities
CA. Kapil Mittal

Recovery of Interest u/s 50 on net cash liability under GST

CBIC assured that no recoveries shall be made for the past periods as well, i.e., delayed GST payment made upto 31.08.2020, by any of the Central and State tax administration. Therefore, interest computation for earlier period shall be carried out in accordance with the decision taken in the 39th meeting of GST Council only.

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FSSAI Registration
FSSAI
CA. Sachin Jindal

FSSAI Registration | Types of FSSAI Registration

FSSAI or Food Safety and Standards Authority in India is an autonomous body under the Ministry of Health of Family Welfare, Government of India. The government entity was established in the year 2006 with a motive to offer license and regulate food safety and hygiene standards among the food business operators across the country. If you are into the food business, FSSAI registration and getting an FSSAI license is mandatory for you. Here in this article, we have discussed all the basic legal aspects of getting an FSSAI license in India. Scroll through to get the complete overview. 1. What

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FSSAI license
FSSAI
CA. Sachin Jindal

How To Get the FSSAI License? Requirements & Procedure

The FSSAI- Food Safety and Standards Authority of India is a Regulatory body responsible for supervising the safety & standard of food business across the nation.  To run a food business in India, an FSSAI certificate or FSSAI license is mandatory. In today’s world, as people prefer certified food consumption, FSSAI license can provide the food business with legal benefits and expansion scope. Not to forget it builds goodwill and trust, ensures food being wholesome, creates consumer awareness.  Here are the complete insights into getting your food chain registered under FSSAI. Read the necessary procedures and requirements and know How

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Atmanirbhar Bharat
Information
VJM & Associates LLP

Atma nirbhar Bharat: Details of Rs 20 Lakh Crore Package

To fight against the covid-19 pandemic, our Prime Minister Narendra Modi has addressed the nation on lockdown situations with new sets of rules & economic relief packages. Under Atma Nirbhar Bharat Abhiyan a stimulus economic package of Rs 20 Lakh Crore has been allotted for different sectors to restrain the adverse effects of this pandemic in India.

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Cenvat Credit via TRAN 1 can be claimed till 30 June 2020
Input Tax Credit
CA. Kapil Mittal

Cenvat Credit via TRAN 1 filing can be claimed till 30 June 2020

The Hon’ble Delhi High Court under the division bench of Honourable Justice Vipin Sanghi and Honourable Justice Sanjeev Narula has passed a landmark judgement allowing to file transition credit via TRAN-1 till 30th June 2020. It further directed the tax department to widely convey this judgement to file TRAN-1 across the public domain via publishing on their website so that whosoever could not claim the benefits can claim now.

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Legal Documents
Company Registration
CA. Kavit Vijay

9 Crucial Legal Documents Needed for your Business

Every business requires calculated risk-taking abilities to succeed in today’s highly competitive market. That’s why gen-y entrepreneurs love to showcase their talent and risk-taking ability in front of the world. However, ending up in the legal battleground in the process due to missing legal documents would be a big blow to a business.  Legal documents play an important role in safeguarding your business from misunderstandings and legal conflicts. Also, they help to ensure accountability and transparency whenever a dispute arises in the business space. Still, several business founders commit the common mistake of ignoring legal formalities during the early growth

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Why Should You Register a Limited Liability Partnership?
Blog
CA. Kavit Vijay

Why Should You Register a Limited Liability Partnership?

If you have to ask experts: Why are LLPs becoming the choice of business operations for startup enthusiasts? The answer will include various reasons such as low formation cost, lesser compliance and restrictions, and, most importantly, greater flexible options that only a Limited Liability Partnership offers.  1. What is a Limited Liability Partnership? Partnership firm is a simplified form of business and it is least organised as it is governed by terms and conditions mutually agreed in partnership deed. However, Limited or Private Limited Company are related complicated as it is governed by provisions of Companies Act, 2013 and also

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Benefits of Registering a Business in India
Blog
CA. Kapil Mittal

Benefits of Registering a Business in India

In the last decades, India has been contemplated as a remunerative market for doing business. The magnitude of a foreign investment indicates a promising future of an Indian economy. This assures there are more than one benefits of registering a Business in India. India is one of the most powerful countries in boosting up the global trade that leads to an increasing number of international business interests determined to invest in the market of India.  Here in this guide, we have mentioned some of the benefits foreign entities can have by starting their business in India.  Scroll through to get

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Reverse Charge under gst
Blog
CA. Sachin Jindal

A Close Insight into Reverse Charge Under GST (RCM)

Under Goods and Service Tax (“GST”), generally, a supplier of goods and services is liable to pay GST for the supplies, i.e., at the time of supply of goods or service supplier charges GST over sales consideration and collect the same from recipient and by due date deposit such GST amount to the account of government  On the contrary, in the case of Reverse Charge Mechanism (“RCM”) under GST, the recipient himself is liable to pay the tax for goods and services received by him instead of the supplier. Therefore, the recipient is liable for all compliance under GST. Here

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MSME Registration : Government Scheme, Eligibility, Documents Required
Blog
CA. Sachin Jindal

MSME Registration : Government Scheme, Eligibility, Documents Required

From creating large scale employment to gaining economic stability, MSME plays an important role to ensure the country’s economic growth. In India, more than 50 million people got employment through MSME, and it has almost 8% contribution to our nation’s GDP.  Though there are several issues related to infrastructure, lack of proper market linkages has disturbed the flourishing of MSME, both central and state governments across the country have taken some important measures to encourage. Registration of MSME does not have any legal obligation, but the registration always helps to reap various benefits from numerous government schemes.  Registering as MSME

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