GST (Goods and Services Tax) is applied when a business’s overall revenue exceeds a predetermined limit. Aggregate turnover is the total sales value of all taxable and exempt goods and services, as specified in Section 22 of the CGST Act.
If your entire annual revenue is greater than Rs. 40 lakh for sales of commodities, Rs. 20 […]
Under the GST registration limits, companies or company owners with a taxable turnover of more than 40 lakhs must register as regular taxable persons for Normal States. Those with a taxable turnover of less than 20 lakhs, on the other hand, must register as particular taxable persons or Special States. You can reach the GST registration […]
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 […]
