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  On March 29, 2017, the Indian Parliament approved the Goods and Service Tax Act, which went into effect on July 1 of that same year. A variety of existing indirect taxes, including excise duty, VAT, service tax, etc., were replaced, and it was hailed as a landmark tax reform for the nation. Therefore, we are attempting to clarify the various T ypes of GST Registration used for filling out GST in this article. If you're unsure of how to file GST, The Staff at LegalRaasta is here to assist and direct you. What is GST? A value-added tax known as the Goods and Services Tax (GST) is imposed on the supply of goods and services for domestic use. GST is a comprehensive, unitary indirect tax regime that applies to the entire nation. The total cost of the goods includes this tax. When a buyer purchases the aforementioned item, the price includes GST. The company or seller then sends the government their share of the GST. This tax is imposed by the Indian Central Government. This tax

Before starting any business, a person should familiarize himself with the pertinent laws and regulations around their line of business. Additionally, this includes any taxes that their company might have to pay. The Goods and Services Tax, which was implemented in 2017, intends to assist small businesses by replacing the intricate center and state taxing systems with a straightforward, unified one. You must be completely knowledgeable about GST registration for small businesses if you are planning to start a new firm. All small enterprises must register for GST since the GST Act requires them to. This article therefore explains whether GST is also necessary for small businesses. A Goods and Services Tax Identification Number (GSTIN), which is used to track tax payments and outstanding balances, is given to the business owner upon GST filing . Therefore, if you are unsure of the benefits that the GST will give you, speak with a member of the legalraasta consultancy team.   Need fo

Businesses must first assess whether they are eligible to register under the most recent indirect tax scheme before beginning the Registration for GST process . Any person or organization engaged in commercialized business must comply with the New GST Registration and Eligibility Criteria because it enables the proprietary to discharge taxes and take advantage of input tax credit. Certain enterprises must register with the GST regime. They will face severe penalties if they conduct company operations without being registered. The GST Council states that a business entity must meet a number of GST Filing requirements in order to be eligible for GST registration . So, in this blog, we'll explain what the eligibility requirements for GST are and how LegalRaasta can help you further by describing how to fill out GST forms in an efficient and affordable way. What is GST Registration? The Goods & Services Tax (GST) is an indirect tax that is paid when purchasing goods or services fo

  A company is the most common type of business structure in India and has grown significantly since the launch of the Startup India initiative. Now, business owners from all over are swarming to the Ministry of Corporate Affairs to register their companies. Why the sudden fascination? Is Registering a Company in India worthwhile? The rationale for business registration in India is examined in this article. Your business can hold real estate in its name and enjoy eternal succession because it is a legal entity. It's crucial that you incorporate your business with the Registrar of Companies if you want to register it as a "distinct legal entity". This post will also lead you through a quick registration process in India from the comfort of your home. Let's simplify the difficult procedure of company registration into 7 easy stages.   Ø   Step 1: Obtain a DSC: As soon as registration is done online, the first thing to do is to get a DSC (DSC). DSC makes sure tha

  It is not challenging to follow the steps for incorporating a business. You must, however, be aware of every stage and supply precise information. If you follow these steps, incorporation should go smoothly, and your business will be operational in no time. This article aims to clear up all of your questions regarding how to establish a business in India, including what types of companies can be registered there, what the eligibility requirements are, and how to create a company online. To help you get started right away, it will go above and above by outlining the procedure in the most straightforward way imaginable. A prominent provider of CompanyIncorporation Services in India , Legalraasta has an experienced staff of qualified specialists who can assist you with the procedure. There are several forms of online company registrations: Ø   One Person Company (OPC): This type of Private Limited Company has just one director who is in charge of conducting and supervising all bus