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Showing posts from October, 2019

A Guide To The Basic Requirements For Company Registration

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In order to run a business it is very important for the people running the business to register their company. Company Registration is the process of getting a company registered. There is a legal procedure for getting a company registered but it can become quite easy if a person has all the documentation required for the process. Requirements For Getting A Company Registered There are certain requirements that should be met in ordered to get a company registered. If any of these requirements are not met then the business would not get registered. The basic requirements are as follows. •    The most basic requirement for getting a company registered is that there should be at least 2 members in the company. If there is only a single member in the company then the company can not be registered. •    The company that is to be registered should only be for business purposes and should not possess any harm to society. If a company is harmful to the society then it would not

Ease and Importance Of GST Registration In Delhi

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Hailed as an important economic reform, there are many advantages of GST registration. The taxation process is a lot simple now for small traders and small business owners as the various indirect taxes are replaced with one simple tax. GST registration process If the overall turnover of a business exceeds 20 lakh in a financial year, it is liable to pay taxes under the GST law. From the process of GST registration to filing returns, it is very simple and can be easily done from anywhere with internet access. Moreover, after GST registration, you can be recognized legally as a supplier and be authorized legally to collect the tax. There are a lot of GST consultants in various parts of the country that make the process even easier for you. The Central Government maintains a portal through which the businesses can complete the registration process easily and there are also various GST consultants and reputable companies who can do this effectively for you. GST registration in Delhi

Some Important Facts to Know about GST Registration

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No Claims for Collection of ITC or Ta   An individual without GST registration cannot claim ITC and collect tax in India. Eligibility Who are the persons liable to take a Registration under the Model GST Law? A supplier operating a business at anywhere in India with aggregate turnover exceeding threshold limit as prescribed above in a year is liable to get his business registered. On the other hand, some categories of persons declared in Schedule III of MGL are accountable to be registered regardless of this threshold. In India, an agriculturist is not be considered as a taxable person. Hence, he/she shall not be liable to take registration. Digital Signature Taxpayers are given an option to sign the submitted application using valid digital signatures. Alternative mechanisms shall be provided under the GST Rules on Registration for those who do not have digital signature. The Refusal When registration is refused, the applicant gets information about it via a speaking order. The