GST registration is required for all individuals and entities in India who provide goods or services. When the total value of goods supplied exceeds Rs.40 lakh, GST registration becomes mandatory. To make tax filing easier, the Ministry of Finance (MoF) has simplified the GST registration procedure. If the entity operates in a special category state, […]
A business must register for Goods and Services Tax if its aggregate turnover in a fiscal year exceeds Rs.20 lakhs or Rs.40 lakh for a supplier of goods. This limit is set at Rs.10 lakhs for special category states in the North Eastern and hilly regions. As we all know, businesses with a turnover of more […]
A trademark may be sold, licensed, transferred, or otherwise transferred by its owner. Transferring trademark ownership from one person to another is done through the Trademark Assignment Process. The owner of a trademark may assign it to a third party or grant a license to the recipient. After the trademark is assigned, the assignee takes ownership […]
To provide the complete details of income for the relevant financial year, all assessee must file income tax returns with the Income Tax Department. Once the assessee has filed such a return, the next step is for the Income Tax Department to examine it and determine whether it is correct. Assessment is the process of […]
The 2019 Budget suggested a number of modifications to the existing income tax legislation. This budget also included some new TDS Sections, such as Section 194M and Section 194N, in addition to other changes.
- 194M – TDS on payment to resident contractors and professionals
- 194N – TDS on cash withdrawal in excess of Rs […]
EGROOPS stands for Electronic Governance for Partnership Firms and Societies Registration. It is an official website for registering Kerala Societies and Partnership Firms using an online method. The EGROOPS were created with the goal of implementing an effective registration system for Partnership Firms and Societies in Kerala.
The Centre for Development of Imaging Technology created EGROOPS […]