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The Goods and Services Tax is an indirect form of taxation that has dramatically simplified Indian taxation laws. GSTR4 serves as the GST return for composition dealers, which is a scheme offered under the GST regime for certain types of taxpayers. The GST return for the composition scheme must be…

On May 03, 2021, Ministry of Corporate Affairs published a General Circular No. 06/2021 relaxing the time and additional fees to be payable by any Company or LLP till July 31, 2021, regarding Forms that are scheduled for filing between 01 April 2021, to 31 May 2021 (except charge related forms). A fee waiver…

Every Indian at some point in his/her life has thought ‘Apna ghar hona chaiye.’ Bearing this in mind, buying an apna ghar is not as simple as it used to be. If you have ever tried to purchase a home in India, the word RERA is something you must’ve heard…

To contract out everything to a third party like from Housekeeping to Internet Security is coined as ‘Outsourcing’. Outsourcing various activities let companies concentrate on its core functions.  It can actually save company’s valuable time and hence company can handle its important operations effectively. Many types of tasks can be…

A Franchise agreement is a legally binding document that governs Franchisor and Franchisee and defines all rules and regulations related to franchise. There is no prescribed format for the Franchisee agreement as to the terms and conditions, methods of operations of various franchises depend upon the nature and type of…

Now a days Trade License has become a very crucial document for an individual or a person who wants to commence or set up a new business in a certain specific area/location/site. This kind of a license allows a person to carry on its trade or a business for which…

The 43rd GST council meeting was held on 28th May 2021. The council has announced GST Amnesty Scheme 2021 and provide big relief by providing waiver /reduced late fees and interest. Apart from reduction/rationalization in late fees and interest for pending returns, Due dates for filing of GSTR-1, GSTR 3B,…

Income tax return is a crucial statement of income of the concerned assessee, both for government and the individual or person filing it as it provides bases for many in depth conclusions like per capita income, sector wise growth etc. As India has a number a small scale industries or…

Table of contents: Introduction Requirement to become a director Types of Director in a company What are the provisions of appointment and cessation of directors? What are the Duties and Responsibilities of Directors? Conclusion Introduction: In today’s era, Private Limited Company is one of the most common and popular form…

Companies rely on funds to manage the affairs of their business successfully. Shareholders in a company play a vital role in raising funds, and in that process, they become its stakeholders. They exercise control over the share of profits in proportion to the money they invest. Dividend is known as…