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CA SRIYANS

Auto Calculation of Route Distance for Generation of E-Way Bill

Electronic-way Bill – associate electronically generated document that is needed to be carried for movement of products price extraordinary Rs fifty,000. The validation of e-way bill is for a definite time-period, supported the sort of merchandise being transported and therefore the distance between supply and destination. Distance between supply and destination was perpetually major issue whereas making E-way bill among alternative issues. Now, E-waybill system is being enabled to machine… Read More »Auto Calculation of Route Distance for Generation of E-Way Bill

Post Incorporation Compliances for Private Limited Company

When your company is incorporated, a set of compliance-related formalities must be completed to maintain compliance as mentioned in the Companies Act, 2013. Non-compliance could lead to penalties on the Directors and the Company that is why it is essential for those incorporating a company to be aware of the post-incorporation compliance requirements of a company. Obtaining the Certificate of Registration for your Company is an exciting and memorable moment… Read More »Post Incorporation Compliances for Private Limited Company

Post Incorporation Compliances for LLP

Nowadays the procedure of incorporating a company has been made easier which encourages full compliance by the companies. The management need to be fully aware of the post-incorporation compliance to avoid penalties. Obtaining the Certificate of Registration for your Company is an exciting and memorable moment in your business start-up journey. You might have gone through the procedure of arranging needful and required documents as per prescribed standards of MCA… Read More »Post Incorporation Compliances for LLP

Nominee Under One Person Company

To register an OPC, a nominee must be designated by the sole director of the company. Because one person companies only have one director, the nominee would become the member of the company in case of the death or incapacitation of subscriber. According to the first provision to section 3(1) of the Companies Act 2013, at the time of incorporation of OPC, the sole member of OPC is needed to… Read More »Nominee Under One Person Company

Disadvantages of LLP

Limited Liability Partnerships also referred as LLP and introduced in 2000 by the Partnerships Act 2000 to provide partnerships with the limited liability previously only available to companies. LLP’s may be suitable when the earnings of partners are defined clearly and not simply added to one pot and distributed by dividend. In LLP, the earnings of the members are counted as personal income. The Limited Liability Partnership (LLP) gives you… Read More »Disadvantages of LLP

Benefits of Proprietorship Firm

Sole Proprietorship, you can say is a one-man business organization. Furthermore, a sole proprietor is a person (not a legal person/entity) who have their ownership and manages this type of entity. In Proprietorship Firm, the owner and the entity are same and does not have a separate legal entity. Additionally, a sole proprietorship usually does not get incorporated or registered. So, it is the easiest form of business form and… Read More »Benefits of Proprietorship Firm

Benefits of Private Limited Company

A Private Limited Company is the most common form to carry on a business as an entity intending to make a profit and enjoy the benefits offered by it, particularly limited liability. It is a voluntary association of at least 2 and not more than two hundred members/ shareholders, whose liability is limited according to the shares held by them. The shares of a Private Limited Company cannot be traded… Read More »Benefits of Private Limited Company

National Anti-Profiteering Authority Rules On Passing On Benefits Of Lower GST Rate To Home Buyers

The National Anti-Profiteering Authority aka NAA is the statutory mechanism which come under GST law to check the improper profiteering activities by the registered suppliers under GST law. The core function of authority is to ensure that the compatible advantages of the reduction in GST rates on goods & services done by the GST Council and of the Input tax credit (ITC)are passed on to the recipients by way of… Read More »National Anti-Profiteering Authority Rules On Passing On Benefits Of Lower GST Rate To Home Buyers

Filing CMP-08 Return: Due Date | Eligibility | Penalties

CMP-08 form filing need to be done by all composition taxpayers. Form CMP-08 is a form for quarterly return filing by every taxpayer who comes under GST- Composition Scheme, applicable from FY 2019-2020 onwards. He/she can use a quarterly statement of CMP-08 to affirm or declare the self-assessed details of the tax payable by a composite dealer in the given quarter. This form can also be used as a challan… Read More »Filing CMP-08 Return: Due Date | Eligibility | Penalties

UDYAM Registration Benefits

The concept behind introducing UDYAM Registration was to simplify the procedural format to register their business under Micro Small Medium Enterprise or MSME. UDYAM Registration is also known as MSME Registration, a government registration that is provided along with a recognition certificate & a unique number. This is to certify small/medium businesses or enterprises. The new procedure for registration of micro, small and medium enterprises (MSMEs) in the name of… Read More »UDYAM Registration Benefits