Affidavit Drafting: An Essential Skill for Legal Documentation
Affidavit is Legally binding document which is created under an oath, it acts as a testimony of facts and events. It certifies that information is true and accurate to the affiant’s knowledge and belief. Affidavit Drafting includes essential attachments such as documents, records and letters. All these documents shall be submitted in the court in […]
Time of Supply under GST: Rules and Implications
For calculating and discharging tax liability its important for knowing date when the tax liability is arising this means the date in which it has occurred. In GST its called Time of Supply. GST has given different provisions for determining the time of supply of goods and time of supply. Section 12,13 and 14 of […]
How to Choose the Right Business Structure: Pvt. Ltd. vs LLP
Business Structure in India from which an entrepreneur could choose for establishing a business or company. Private limited companies and Limited Liability Partnerships are two business structures. Private Limited Company registration have been in existence for a much longer time. Limited Liability Partnership Structure was introduced in 2008 in India. So, the Pvt. Limited Companies […]
The Role of GST Return Filing in Business Compliance
GST means Goods and Services Tax, its an indirect tax which is placed on the supply of Goods and Services in many countries. The main aim of GST is simplifying the complex tax system by changing different taxes like sales tax, service tax, excise tax and many more with a single unified tax. GST in […]
Understanding the Legal Framework of Trade Licenses in India
As per the Shop and Establishment Act,1953 a Trade Licence should be acquired under the government Shop and Establishment Act and Rules, 1953. It mentions the regulatory rules and the requirements which shall be followed for guaranteeing the best operation of a Company. Its a letter of authorisation which gives the applicant authorisation for carrying […]
LLP Agreement: Creating a Solid Foundation for Your Business
LLP is form of Partnership which enables the professional expertise and entrepreneurial initiative for combining and operating in a flexible, innovative and efficient manner as hybrid mix up of companies and partnerships by providing benefit of the limited liability which allows the members the flexibility for organising the internal structure as Partnership. Here we get […]
Decoding SLA: Understanding the Meaning and Importance
SLA full form is Service Legal Agreement which is done between a customer and service provider which involves a particular and quantitative features of the service offering. SLA also provides the expectations in regard with service quality, availability and corresponding responsibility. SLAs are made for making sure that the service executives are receiving clarity in regards […]
Types of Assessment in Income Tax: An Overview
The amount payable on the taxable Income which is paid to government for income earned by an individual or business within a jurisdiction. This enables the government to fulfill the public duty properly and on time. The Income Tax Act, 1961 includes the provisions which govern the Income Tax Assessment. Here we discuss the types […]
The Impact of Trade Licence on Indian Business Environment
Trade Licence are also known as Business License this official document which gives permission to individuals and business to start and conducting a particular trade or business in a particular designated area and location. It serves as regulatory tool for ensuring that the business are adhering to the safety standards and comply with regulations which […]
Unpaid Wages: Understanding the Arrears of Salary and How to Handle
Salary deficit or arrears of salary are abstrued. As HRs are required to calculate multiple parameters for ensuring that the arrears are paid on time. When there is a delay in payment of the employee’s salary or any miscalculation it need to paid the arrears. Although its easier to say than to do as these […]
