How a Food License Can Boost the Reputation of Your Restaurant
A Food License, often referred to as a food permit or food handler’s permit, is a document issued by a government authority or regulatory agency that grants individuals or businesses legal permission to handle, prepare, distribute, or sell food products to the public. The primary purpose of a food license is to ensure food safety, […]
Understanding the Benefits of ESIC Registration
In the complex tapestry of Indian labor laws, the Employees’ State Insurance Act, 1948 (ESI Act) stands as a significant cornerstone. It is a testament to the government’s commitment to providing social security to employees. In this blog, we will unravel the benefits of ESIC Registration, examining the various provisions of the Act, as well […]
How to simplify your GST return filing process
The goods and services tax (GST) is a tax on goods and services sold domestically for consumption. The tax is included in the final price which is paid by consumers at the point of sale and passed to the government by the seller. It’s A 101 AMENDMENT INTRODUCE GOODS AND SERVICE TAX (GST) in the […]
Blocked Input Tax Credit under GST: Explained
The blocked credits, as defined under Section 17(5) of the CGST Act, is a provision for every regular taxpayer, that expands upon the list of purchases that are not eligible for ITC claim, that is, the purchases on which GST has been paid but the business cannot claim Input Tax Credit (ITC) over the same. […]
A Comprehensive Guide to GST audit in India
What is a GST audit? GST audit is a systematic and independent examination of the books and records of an entity to ascertain and report on the facts regarding its financial operations. This compulsory audit is intended to ensure proper maintenance of books of account and other records, in order to reflect the true turnover […]
The Legal Aspects of Trademark Registration You Should Know
Trademark Registration is a crucial aspect of intellectual property protection that grants exclusive rights to use a distinctive symbol, word, or design to identify and distinguish products or services in the marketplace. In this comprehensive discussion, we will delve into the legal aspects of trademark registration, including its definition, benefits, the registration process, and the […]
Why Your Business Needs a Well-Drafted Partnership Deed
Starting a business is often an exciting endeavor filled with promise and ambition. However, amidst the enthusiasm, entrepreneurs frequently overlook essential legal aspects that can significantly impact their business’s long-term success. One such crucial document is the partnership deed. Whether you’re launching a new venture with a close friend or a family member, or teaming […]
The Core Objectives of the RBI
The Reserve Bank of India or RBI is the Central Bank of India which comes under the Finance Ministry of India. It was established in 1935 by the British government in accordance with the Reserve Bank of India Act, 1934, as a private central bank to British India, and was eventually nationalized by the independent […]
Designated Partner in LLP: Roles, Responsibilities, and Benefits
Management of the business operation and administrative affairs comes under the purview of a designated partner in LLP. An LLP combines the limited liability benefit of a company, the flexibility characteristic of a partnership, as well as favorable taxation provisions, turning it into a distinctive form of conducting business. The designated partners oversee the functioning of the […]
Legal Caveat: Exploring Their Role and Application
In the complex realm of law, legal caveats stand as formidable sentinels, bearing the Latin warning “caveat” which means “let him beware.” These legal notices serve as critical safeguards and preemptive measures in various legal contexts, bestowing notice, preserving rights, and averting unforeseen complications. In this exploration, we’ll delve deeper into the world of legal […]
