FSSAI is a regulatory body that was established by the government of India in 2011 to handle food-related issues in various sectors and ministries. Its main objective was to ensure proper standards are taken care of while manufacturing, storage, distribution, sale of food. Healthy standards are maintained for human consumptions. Types of FSSAI License: – …
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mylegaltax
Goods and service Tax is destination-based consumption tax from manufacturer to consumer in same pattern and same rate. It has replaced many indirect taxes in Indian and the government has successfully achieved “One Nation One Tax” Agenda. GST was introduced in India from July 2017. If the turnover is exceeding 40 lakh rupees in a …
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mylegaltax
Goods and service Tax is destination-based consumption tax from manufacturer to consumer in same pattern and same rate. It has replaced many indirect taxes in Indian and the government has successfully achieved “One Nation One Tax” Agenda. GST was introduced in India from July 2017. If the turnover is exceeding 40 lakh rupees in a …
by
mylegaltax
Late Fees Under Goods and Service Act: – Late Fees is charged to taxpayers when the returns are not filed on or before the due date. The late fees have to be paid by the taxpayer in cash through the portal and cannot use ITC for payment of late fees. The late fees are also …
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mylegaltax
Documents Required for New GST Registration: – For individuals and Sole Proprietors ü PAN card and Aadhar Card ü For Self occupied property · Utility Bill · Registry copy of property ü For Rented · Rent Agreement · Utility Bill ü Proprietor’s photograph ü Bank account Details ü Partnership Firm: – ü PAN card of …
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mylegaltax
Gratuity is a benefit received by an employee for services rendered to an organisation. For companies covered under the Gratuity Act, this benefit is paid when an employee completes five or more years of service with the employer. An employee gets gratuity when he/she resigns, retires or is laid off. In case of death …
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mylegaltax