Registration Coimbatore

Consultants for GST Registration in India   A consultant is an individual or a firm engaged in the business of providing economic services and generating income. Therefore, they must be registered for GST under the Goods and Service Tax Act of India. Consultants are required to register for GST if their aggregate turnover in a financial year exceeds Rs 20 lakhs (Rs 10 lakhs for special category states) or if they are dealing in taxable goods and services. However, they are not required to register if they are only dealing in exempted goods and services. The eligibility criteria for GST Registration in India is to have a place of business or residence in the state or region where the company has its registered office. In case of a person, it is essential to mention his legal name as per the PAN database, a Permanent Account Number and Mobile No & Email Address in the GST Registration form. In the case of a business, it is mandatory to submit a valid bus...

Benefits of One Person Company in India One Person Company (OPC) is a new concept introduced by the Companies Act 2013. It is a new corporate structure that does not require two shareholders to form a company. The idea of OPC was inspired by the success of One Person Companies in Singapore and USA. The Oneperson company is an ideal structure for small entrepreneurs who are starting their business. It helps them to get the benefits of a private limited company without having to comply with the compliance related burden. 1. Easily Available Credit Facility: Banks and other financial institutions prefer lending to a One Person Company rather than proprietary firms which means that they can lend you more money. 2. Simple to Get Loan from Banks: It is easier for a One Person Company to get loans as they do not require a separate statutory audit report. 3. Annual Return Filing: It is not mandatory to file an Annual retur n with the Registrar of Company, howev...

GST Annual Return Filing Services in India The finance ministry is bringing in many changes for the ease of taxpayers and their accountants. Among the major changes that are being introduced is the facility of filing of GST Annual Return. The new GSTR Annual return forms will be available from August for the taxpayers to file them. These returns have to be filed by all registered taxable persons under GST. Forms GSTR-9 and GSTR-9C will have to be filed by all normal tax payers whose turnover exceeds INR 2 crores during the financial year. They will have to also submit copies of audited annual accounts and reconciliation statements of tax paid as per audited account. Taxpayers are required to upload details of purchases and sales invoices, e-way bill data state-wise. These should be matched to tax invoices issued during the period. This is important as the figures should match to avoid any discrepancies in the amount of input tax credit claimed and the tax paid on the purcha...