Are you confused with the type of company to choose for registration? Business running is one of the best ways to achieve financial independence and create your path on your terms. But a lot of effort is spent on establishing a company. You need to draw up a business plan to initiate. The plan usually…
Profit is the core outcome of the company’s operations, and maintaining & continuously obtaining it requires a consistency in verifying the financial records and statements of a company. To verify and correctly evaluate the financial statements, the company needs to appoint the auditors, who will make sure about the company’s accuracy, reliability, and compliance with…
In today’s business world, it is essential to have a clear understanding of legal terms and concepts. The Companies Act, 2013 governs the formation, management, and dissolution of companies in India. Three essential terms under the Companies Act, 2013, are Compromise, Arrangement, and Amalgamation. These terms are crucial for understanding the legal aspects of corporate…
In India, every company registered under the Companies Act, 2013, is required to file annual returns and financial statements with the Registrar of Companies (RoC). E-Form AOC-5 is an important document that contains the financial statements and other related information that companies have to submit to the RoC. Table of Content What is E-Form AOC-5?…
The Goods and Services Tax (GST) Act, 2017, is a comprehensive tax system that has replaced several indirect taxes in India. Under this system, taxpayers are required to submit regular returns and comply with various provisions of the law. One important aspect of GST compliance is Summary Assessment, which involves determining the tax liability based…
Rectification of Errors is an important aspect of the Goods and Services Tax (GST) regime in India. GST is a comprehensive indirect tax that was introduced on July 1, 2017, replacing several indirect taxes such as Central Excise, Service Tax, and Value Added Tax (VAT). The introduction of GST has simplified the tax system, but…
Finalizing your books of accounts entails making sure they have been accurately updated and finalized. There is no chance for account modifications. However, you must first make sure that your books of accounts are accurately completed, with all compliances compiled and you in control of the income tax and GST authorities. The finalization of your…
The GST Year-End Checklist is a GST taxpayer’s most crucial document as March approaches! The month of March is over, and the new fiscal year has arrived. Taxpayers have various obligations to fulfil before April 1, 2023, and some mandates are effective as of that day. Like this, some things have historically been implemented on…
A customs duty is a levy placed on products imported into a country. It is a significant source of money for governments and is used to control the movement of products across borders. Importers must calculate customs duty accurately since it affects the entire cost of importing products and their profitability. The goal of this…
Apart from the financial reward, a career as a Company Secretary also brings a high level of job satisfaction. Whether the company is in the public or private sector or an NGO, the Company Secretary is an essential member of the management team. The Company Secretary (CS) is a key manager of the company. He…