Food is the basic necessity of life and keeping a check on its quality is the responsibility of the provider. Just like any other product, food requires a stamp from an approved organization. In India, that is FSSAI (Food Security and Quality Control) ensures this task. Let us have a look at all the aspects…
The Financial Statement is the important document of the company which is required to be prepare in every financial year and audited by the auditors of the company. The Financial Statement provides an overview of the company’s assets, Liabilities and shareholders’ equity. The Financial Statement is required to prepare so that the shareholders can get…
The all-powerful GST Council on September 17th, 2021 at Lucknow decided to charge online food-delivery operators such as Zomato and Swiggy a tax with effect from 01.01.2022 and the tax will be charged at the point of delivery. Table of Content: Decision taken at 45th GST Council Meeting Current situation of collecting GST Why the Need of charging GST…
Loans are an important source of funding for the companies apart from Equity. The Companies Act, 1956 permitted the companies to borrow from the directors, shareholders, or the relatives of the directors. With the Amendment of the act, the New Companies Act, 2013 has removed the shareholders, and the relatives of the directors are removed…
गैर सरकारी संगठन कानूनी रूप से स्थापित संगठन हैं जिन्हें आम तौर पर गैर-लाभकारी उन्मुख समूह माना जाता है जिसका अंतिम उद्देश्य जनता के कल्याण, बाल शिक्षा, एक सामाजिक एजेंडा, पर्यावरण की देखभाल, वन्यजीवन आदि के लिए सार्वजनिक हित के लिए काम करना है और वे स्वतंत्र रूप से काम करते हैं सरकार से। आम…
Running a company is no cakewalk, sometimes the founders of the company take tough decisions to close down the company. In the last 3 years, nearly 3.8 lakh companies are struck off under the Companies Act, 2013. Many companies are finding it difficult to function during the pandemic. There are two ways for closing a company,…
Goods and Service Tax or GST is a major reform of the government in India. It was enforced in 2017 under 101st Constitution Amendment Act, 2016. GST is a comprehensive multi-stage taxation system applied on the sale of the goods and services in India. Before the implementation of the goods and service tax or GST…
“Minimum Government and Maximum Governance” this is the slogan of present government. To give weight to these words, government has been taking various initiatives to make things more transparent and reduce the interference of middle men so that the benefits can reach the intended beneficiary. Jana Dhana Yojana, AYUSHMAN Yojana, Loan schemes for MSMEs are…
Who doesn’t want a well-flourished business? But as they say change is the law of nature and ups and downs are part of every business. Sometimes, there comes a situation when one has to take the big step and step down from being an entrepreneur and close the business. We all know that Company is…
As date of filing income tax return is approaching, there is a conscious thought in everybody’s mind that how to take maximum benefit of the provisions of Income Tax Act, so as to minimize tax liability for the AY 2021-2022. At present, the qualified youth of the country is mostly employed in service sector due…