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GST LAW

The Constitution (122nd Amendment) Bill, 2016 (GST) Highlights of the Bill The Bill amends the Constitution to introduce the goods and services tax (GST). Parliament and state legislatures will have concurrent powers to make laws on GST. Only the centre may levy an integrated GST (IGST) on the interstate supply Read More …

GST Impact on various sectors

S. NO. INDUSTRY CURRENT GST IMPACT 1 Banking Sector 15% 18% Negative 2 Consumer Staples 22% 18% Positive 3 Consumer Discretionary 15% 18% Negative 4 Media 15% +7% Entertainment Tax 18% Positive 5 Telecom 15% 18% Negative 6 Auto 27% 18% Positive 7 Metals 18% 18% No Impact 8 Cement Read More …

Apply Online Government Grant – NGO

A non-governmental organization (NGO) is basically a legally constituted organization which is operated by legal persons who act independently from any government. In those cases where the NGOs are funded partially or completely by governments, the NGO barred the government representatives from any membership in the organization in order to Read More …

FAQ’s on TRUST

What is a trust? Trust in the normal course is referred to as the confidence which one person reposes in another person to whom he transfers the property with an obligation that the funds so generated therefrom shall be utilized for the charitable and religious purposes . How are the Read More …

Formalities to be carried out immediately after Incorporation of the Private Limited Company

According to the Companies Act, 2013, every company, after incorporation, shall be required to follow the provisions of the Companies Act 2013. Following are some Post-incorporation formalities / requirements to be followed mandatory: Appointment of Statutory Auditor Pursuant to section 139(6) (1) the first auditor of the company, (who is Chartered Accountant), Read More …

Appointment of First Auditor of Newly Incorporated Company – as per CA, 2013

Hello everyone; trust all of you doing well. In this write-up we are trying to increase you knowledge about How to appoint first auditor of the newly incorporate company. Applicable Section – 139(6) of CA, 2013 Notwithstanding anything contained in sub-section (1), the first auditor of a company, other than Read More …

NOW YOU CAN DECIDE WHICH FORM OF NGO BETTER FOR YOU

As per our opinion Section 8 Company is best and popular these days. Level of transparency is very high and provisions of amendment are very easy. Donors always ready to donate funds only in high transparency organisation.  

How to apply for a Business Loan (Unsecured) under PMMY (Mudra Scheme)?

First of all I would like to Thanks all who daily visit our website. Today I would like to share small details about Mudra Loan. Micro Units Development and Refinance Agency Bank (or MUDRA Bank) is a public sector financial institution in India. It provides loans at low rates to micro-finance Read More …