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OPC Compliance Requirements It is a company incorporated by one person. This type of company can be formed with only one director and one member, as per Section 2(62) of the Company’s Act of 2013. The OPC structure was introduced to allow a sole entrepreneur to start and manage a limited liability entity. That is … Read More “Compliance Requirements of the OPC” »
Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services. Many indirect taxes have been replaced by it, including VAT, service tax, CST, and excise duty. The government introduced the CGST Act on 1st July 2017 to establish GST as a comprehensive indirect tax. Individuals and businesses must … Read More “Two GST registrations can be made with one PAN card?” »
Are you planning to export food products from India to the USA? That’s great! I’m excited for you. With the economy of the US being one of the biggest in the world, it is not surprising that Indians all over the country profit by exporting food to the US. According to India’s foreign trade policy … Read More “How Can I Export Food Products to the USA From India?” »
Due to the ongoing COVID-19 pandemic, the GSTR-1 filing deadline has been pushed back. The new deadlines are listed below. India’s taxation system and economy have undergone a major change since the introduction of GST (Goods and Services Tax). Taxation has been simplified and more straightforward due to the GST, which combines numerous indirect taxes … Read More “GSTR-1 Filing Deadlines” »
