Exploring the Rights and Duties of Partners in a Business
According to sections 9 to 17 of Indian Partnership Act, 1932 partners involved in business have mutual rights & obligations. This controls the mutual relationship of the partners. It can be much understood by a pre-existing contract among the parties during the course of business. Upon the approval of the parties involved the agreement can […]
Designated Partner in LLP: Roles, Responsibilities, and Benefits
LLP is a new type of business entity with limited liability. It is an alternative corporative business technique that allows flexibility. It has elements of both corporate and partnership which is referred to as a hybrid between a company and a partnership. Moreover, every LLP shall have a minimum of two partners amongst whom at […]
FAQs about Import Export License (IEC) in India
For every business, it is quite important to maintain business relations. It will benefit the business owners as they can expand their business even out from their workplace. When any business wants to do business beyond their country border they will require Import Export License (IEC). This license allows them to trade easily from their […]
Understanding the Penalties for Late GST Return Filing
The goods and services tax (GST) is a value-added tax (VAT) imposed on most labor and products sold for homegrown utilization. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services. This Blog discusses the penalties for late GST Return Filing. Critics point out, […]
How to Check PAN-Aadhaar Link Status
It is mandatory to link our Permanent Account Number (PAN) card to our Aadhar card. It plays quite an important role in any type of documentation need. Whether it is about banking-related, educational purposes, or any other legal procedure. PAN is a ten-digit alphanumeric number issued by the Tax Department to a person who has […]
Demystifying GST Return Filing for Small Business Owners
The Goods and Services Tax (GST) system was presented in India with the commitment of improving the country’s complicated tax assessment framework. While the GST has to be sure to smooth out the assessment structure, entrepreneurs frequently find the course of GST return filing overwhelming. In this article, we plan to demystify GST return filing, […]
The Role of Accounting Services in Business Growth
In many growing businesses, the owners are still confused about how to handle their accounting services smoothly. However, this is not a big issue and can be easily handled with a systematic accounting function. Many professional accountants are ready to show their impressive experience in accounting. The Accounting Services process can help in tax preparation […]
GST Return Filing: The Key to Efficient Tax Management
Goods and Service Tax (GST) is a bound-together cost structure in India. It replaces different indirect accuses of a singular cost. It works on charges, avoids two-fold duty evaluation, and helps the economy with creating. This blog discusses in detail how GST Return Filing is important for tax management. It applies to the two work […]
Understanding Rule 86B of CGST Rules in GST
CGST is the final category of GST. It’s a tax levied on intrastate supplies of goods and services by the central government, and it is governed by the CGST Act. Since SGST falls under intrastate supply, it is levied in the same way, but it is now regulated by the state government. Rule 86B of […]
How to Comply with Professional Tax Registration Regulations
The Professional Tax (PT) Registration Regulation needs to be followed by any tax professionals with the right information. By following the correct process, hassle-free tax registration can be easily done. Professional Tax registration is also important for individuals and employers to fulfill their tax obligations. With Legal 251, we are working to simplify the PT […]
