From various Goods and Services Tax (GST) Returns, GSTR-6 is a return form that requires Input Service Distributors (ISDs) to report their inward supplies and distribute input tax credits (ITC) to eligible recipients within their organization or group entities. In this article, we will give a simplified introduction to GSTR-6 return filing, guiding ISD through…
In India, the Goods and Services Tax (GST) regime has brought crucial changes in the taxation system, including provisions of Non-Resident Taxable Persons (NRTPs). NRTPs are individuals or businesses, whose place of businesses are not fixed but engage in taxable supplies of goods or services in India. This article provides a comprehensive overview of NRTP…
Non-Banking Financial Companies (NBFCs) in India have emerged as crucial players in the financial sector, serving the diverse financial requirements of individuals and businesses. As India’s economy constantly evolving and digital transformation reshapes the financial paths. The future of NBFCs in India holds immense potential and promise. In this article, we explore the future of…
In the sparkling city of Sikar, where entrepreneurial spirit thrives and community engagement is paramount. The establishment of a Nidhi Company can offer a catalyst for financial empowerment and local economic growth. Nidhi Companies, as unique non-banking financial institutions, give a platform for individuals to come together, foster a culture of savings, and access credit…
In this world of ever-evolving financial strategies, this fascinating expedition paves the way to tax exemption, providing you with a unique opportunity to make a lasting impact on society while optimizing your financial resources. Imagine a magical key that not only unlocks incredible tax savings but also opens the door to making a positive impact…
On receiving notification from the concerned recognized stock exchange, the depositories shall freeze or unfreeze the promoter’s entire shareholding in such non-compliant listed entity and all other securities held in their demat account to ensure effective enforcement of the Listing Regulations. If a non-compliant entity is listed on multiple recognized stock exchanges, the concerned exchanges shall…
In the realm of Goods and Services Tax (GST), businesses are required to issue specific documents for their transactions to comply with the tax regulations. Tax invoices and bills of supply play a crucial role in the Goods and Services Tax (GST) regime. They are important documents that facilitate the seamless flow of goods and…
The consumption of milk and dairy products is an integral part of our daily lives, providing essential nutrients and contributing to a balanced diet. To safeguard public health and ensure the availability of safe and hygienic milk products, the Food Safety and Standards Authority of India (FSSAI) plays a crucial role in regulating and licensing…
Investing your hard-earned money can be a daunting task, particularly when confronted with countless options and contradictory advice. But bonds are an often-overlooked investment option; these fixed-income securities are essential to any diversified portfolio. They provide consistent returns, stable income streams, and lower risk than equities. This article will explain why bonds are important to…
Jaipur is known as the pink city of India with its rich history, architectural marvels and vibrant culture. In recent years, the city has also become a business hub, with a growing number of Non-Banking Financial Companies (NBFC) performing in the region. However, before an NBFC can commence its financial activities, it must undergo a…