The documents required depend on the kind of business, constitution, or nature of activities carried out by the entity or type of GST registration process. For example, a sole proprietor/ individual, a partnership firm, and a company must procure different…
What is GST? GST is known as the Goods and Services Tax. It is levied by the government to replace many indirect taxes in India such as the excise duty, VAT, services tax, etc. GST was passed in the Parliament…
A sole proprietorship is one of the most common and oldest forms of business in India. It is a single-person establishment wherein an individual owns, manages, controls, implements, and executes his/her business on their own. A sole proprietorship does not…
The Shops and Establishments Act regulates all the shops and commercial establishments operating within the state. This Act was enacted to improve the management of working conditions and employment in shops, commercial establishments, restaurants, dining establishments, hotels, theatres, and other public…
Finance Minister Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament on Wednesday. It is likely to be the last full-fledged Budget of the Narendra Modi government before the 2024 Lok Sabha elections early next year. The government has announced…
What is Gumasta License? The Gumasta license is a business license issued by the Maharashtra government to individuals or businesses who wish to operate in the state. The Shop and Establishment Act is called Gumasta in the regional language in Maharashtra. It…
What is a Sole Proprietorship? A sole proprietorship is one of the most common and oldest forms of business in India. It is a single-person establishment wherein an individual owns, manages, controls, implements, and executes his/her business on their own.…
A Nidhi Company is a company registered under Section 406 of Companies Act, 2013. It is a non-banking finance company doing the business of lending and borrowing with its members or shareholders. It is registered as a public company and…
A Nidhi Company is a company registered under Section 406 of Companies Act, 2013. It is a non-banking finance company doing the business of lending and borrowing with its members or shareholders. It is registered as a public company and…
What is a Nidhi Company? Nidhi Company is an NBFC (Non-Banking Financial Company). A Nidhi Company is a non-banking financial entity registered under the Companies Act 2013 with the predominant objective of cultivating the habit of thrift and savings amongst its…