Category: Blog Posts

HOW TO SAVE TAX IN A PRIVATE LIMITED COMPANY

ABSTRACT This article discusses different legal and strategic about how to save tax in a Private Limited Company in India. The article starts with discussing major tax exemptions for companies in India, Section 80-IAC, and Section 80JJAA. It then highlights the necessity of compliance in the form of tax audits for a private limited company, […]

Section 8 Company Closure and Workforce Management

Introduction A Section 8 Company is a company which is established for charitable purposes. Section 8 Company is basically a Non-Profit Organisation which is registered under the provisions of the Companies Act. Establishing and running a Section 8 Company is a tedious task requiring various workforce management compliances like notice period rules for employee, employee […]

GST RATES ON GOLD

Abstract: In this article, we will discuss the impact of Goods and Services Tax (GST) on gold in India, GST rates on gold, GST on old gold exchanges, GST on sovereign gold bonds, etc. As gold holds a significant place in Indian culture and investment portfolios, it becomes crucial to know how GST affects its pricing and […]

INTELLECTUAL PROPERTIES: IN MY DREAM HOUSE

It’s a story of a dream home (sapano ka ghar). Although this story or the seed of this dream started from my childhood. I have been raised in a family of eight people: my mom dad and 5 siblings. We all used to live in an apartment in Deeg, a small city near Agra. Moreover, […]

GST Registration vs Udyam Registration : Key Differences and Business Requirements

Securing appropriate Business Registrations in India is extremely important for all businesses whether big or small in order to stay compliant with laws, take advantage of benefits offered by government and to avoid future legal penalties. Two such important Business Registrations in India are GST Registration and Udyam Registration, commonly referred to as MSME (Micro, […]

Cash Flow Blunders Indian Businesses Need to Steer Clear Of

In today’s complex business landscape, businesses need to have effective cash flow management to help the business stay afloat. Indian companies and businesses often ignore the importance of effectively managing cash inflow and cash outflow to stay ahead of the curve and keep their business functioning without day-to-day operational hassles. Thus, having a cash flow […]

GST on Plots, Property and More

The Goods and Services Tax (GST) 2017, has ushered in substantial changes to the Indian real estate industry today. These changes are impacting land transactions as whole, but also sale of developed plots, completed houses, and townships. Comprehending these implications is important for all developers, investors, and buyers. In order to comply with taxation and […]

GST on Pharmaceuticals, Ayurveda and Medicines

The rollout Goods and Services Tax (GST) has shaken up how the pharmaceutical industry in India handles taxes. When GST kicked off on July 1, 2017, and it took the place of several indirect taxes like VAT, Excise Duty, and CST setting up a single tax system under the government’s vision of One Nation, One […]

THE IMPORTANCE OF PATENT SEARCH IN INNOVATION AND TECHNOLOGY

What is a Patent? Patent is a type of Intellectual Property which grants its owner/innovator the exclusive right to use, produce, sell their unique invention for a specified and limited time frame in exchange for disclosing the technicality & functionality behind the invention to the public. However, not all inventions or innovations are patentable. Moreover, […]

Crack the Code: GST on Atta, Flour & Food Grains Explained

With the rollout of the Goods and Services Tax (GST) in 2017, various Indian industries have experienced significant shifts in the way they are taxed. The essential food products, including atta (wheat flour) and other grains, have experienced these said shifts as well. Although the government has left the essential food staples out of GST, […]