Which one should you choose: A Trust, Society or Section 8 Company?
All the 3 types of organizations registered in India- Trust, Society and Section 8 Company are NGOs,i.e., Non-Governmental Organizations and are commonly referred to as NPOs (Non-Profit Organizations) also. All of them can be formed for social welfare and development. But they are not the same. They have some differences. COMPARISON- TRUST, SOCIETY & SECTION […]
Compliance Calendar 2020: Update your 2020 Calendar with these due dates
As we proceed towards a new year, TS Associates brings you the year-round compliance calendar for 2020. This article lists out the important statutory compliance due dates for Tax compliance, GST filings, annual compliance & filings for private limited company and LLP. Not sticking to compliance can damage both the company and its customers. So ensure marking […]
Did you just innovate something spectacular for your startup? Patent it ASAP!
It is a fact that anything unique, useful and innovative has the potential to create a monopoly in the market. However, to encourage fair competition & provide the owner with an opportunity to earn, the patent law is created. Patents are exclusive rights that are bestowed upon the innovator or the original owner of an […]
5 Mandatory Requirements to Fulfill for Food Business.
Obtaining FSSAI Registration and License is the first step towards fulfilling mandatory food business requirements and enter into the food industry. Apart from that, there are various other licenses that are mandatory for the food industry. Here is the list of the most critical restaurant licenses required to open a restaurant in India – obtaining these, will […]
ISO Certification – A Critical Quality Assurance
ISO is the International Organization for Standardization in India. It is the independent organization that provides standards in various terms such as quality, safety, and efficiency of products and services provided by the businesses. The quality of the product/service has to be of assured and high-grade quality to stay ahead of the competition. The ISO […]
Electronic Industry Bring Down GST Rates on Energy Efficient Appliances
The electronic sector is seeking the government to lower GST rates and remove the import duty on inputs used to manufacture appliances domestically. In Budget recommendation, CEAMA’s president, Kamal Nandi said that lowering GST on eco-friendly and energy effective electronic appliances like air conditioners and refrigerators will definitely boost the demand for such items leading […]
What Changes Can you Expect From GST 2.0
In the recent GST Council Meet, it has been concluded that some amendments would be made to the GST laws in Budget 2020. In its third year, the GST regime would greet its new & overhauled version i.e. GST 2.0 whose due application would indicate the true mojo of GST. The introduction of the GST regime in 2017 […]
Govt Raises GST Collection Targets for February & March 2020
The administration currently decided to reset Goods and Service Tax collection targets. The current targets set by the government are Rs. 1.15 lakh crore for February and Rs. 1.25 Lakh crore for March, which are higher than the GST collections of December. The hike in the targets is a conclusion derived after the meeting where […]