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Month: May 2024

Comprehensive Guide to Filing Form INC-20A: Declaration for Commencement of Business in India

Introduction Form INC-20A is a mandatory filing under the Companies Act, 2013, that certain companies must submit to the Registrar of Companies (RoC) to declare the commencement of their business. This guide provides a detailed overview of Form INC-20A, including who needs to file it, due dates, the step-by-step filing process, and penalties for non-compliance. […]

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Comprehensive Guide on GST Laws for Display of GST Registration Certificate

Goods and Services Tax (GST) laws in India mandate specific requirements for the display of the GST registration certificate. This guide provides a thorough overview of the relevant provisions, compliance requirements, and best practices to ensure that businesses adhere to the regulations concerning the display of the GST registration certificate. 1. Introduction to GST Registration […]

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Comprehensive Guide to GSTR-9C: Reconciliation Statement & Certification

1. Introduction to GSTR-9C What is GSTR-9C? GSTR-9C is a reconciliation statement mandated under the Goods and Services Tax (GST) regime in India. It is a statement of reconciliation between the annual returns filed in GSTR-9 and the audited annual financial statements of the taxpayer. This document ensures that the values reported in the GST […]

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Guide to GSTR-9 Annual Return: Comprehensive Overview

What is the GSTR-9 Annual Return? The GSTR-9 is an annual return that must be filed by taxpayers registered under the Goods and Services Tax (GST) regime in India. This return consolidates the details of all the monthly or quarterly returns filed during the year. It serves as a comprehensive summary of the outward and […]

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A Comprehensive Guide to Trademark Class 2

Trademark classification is an essential part of the process when applying for trademark registration. The classification system used internationally is known as the Nice Classification, named after the city of Nice, France. It categorizes goods and services into 45 classes. Class 2 specifically deals with paints, varnishes, and other similar products. This guide provides a […]

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FSSAI Compliance Made Easy: Registration, Licensing, and Essential Documentation

Starting a food business involves navigating various regulations and standards to ensure safety and quality. In India, the Food Safety and Standards Authority of India (FSSAI) plays a crucial role in regulating and supervising food safety. Understanding FSSAI registration is essential for ensuring compliance and building trust with consumers. This guide provides an overview of […]

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Unlocking GST: A Deep Dive into ITC Restrictions – Explore Why You Can’t Claim Input Tax Credit in These Scenarios

Certainly! Here’s a detailed guide on cases where Input Tax Credit (ITC) under the Goods and Services Tax (GST) in India cannot be availed, focusing on various categories like motor vehicles, food and beverages, insurance services, membership fees, and more, along with examples for better understanding: 1. Motor Vehicles and Conveyances Input Tax Credit cannot […]

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Comprehensive Guide to Key Statutory Due Dates for LLP Annual Filing FY 2023-24

Certainly! Here’s a detailed guide focused on the important statutory due dates for LLP (Limited Liability Partnership) annual filing for the Financial Year (FY) 2023-24 in India. Important Statutory Due Dates for LLP Annual Filing FY 2023-24 1. Annual Return (Form 11) Due Date: May 30, 2024 Details: Who Needs to File: Every LLP registered […]

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Trademark Class 1 in India: Everything You Need to Know

Certainly! Trademark Class 1 primarily encompasses chemicals used in industry, science, photography, agriculture, horticulture, and forestry. Here’s a detailed guide focused on Trademark Class 1: Understanding Trademark Class 1: Scope of Class 1: This class covers a wide range of chemicals used in various industries such as agriculture, pharmaceuticals, photography, and more. It includes chemicals […]

Demystifying Duty Drawback: A Comprehensive Guide from Eligibility to Accounting Treatment

Certainly! Here’s a detailed guide focused on Duty Drawback, covering its definition, eligibility criteria, application process, accounting treatment, and key considerations: Guide to Duty Drawback 1. What is Duty Drawback? Duty Drawback refers to the refund, reduction, or waiver in whole or in part of customs duties assessed or collected upon the importation of goods […]

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