Reverse Charge Mechanism under Service tax laws

Here is a complete overview of service tax reverse charge mechanism. Let us explain it in details. Know when and where it is applicable. The post gives you full details on the service tax reverse charge. As per service tax rules, every service provider collects the service tax. The service provider ultimately pays the tax…

GST Registration Services in India

Migration to GST The government will be rolling out GST from 1st of July 2017 and hence it is now high time to do GST migration. Excise and service tax assesses need to be migrated to the new Goods and Service Tax. The process is thought to be completed by 31st of March 2017. Hence…

Effects of Budget 2017 on Small Businesses

H’ble Finance Minister Mr. Arun Jaitley rolled out some good news for the small companies through the Union Budget 2017. The major attraction is surely the deduction of corporate income tax to 25% gradually. The Finance Minister also addressed the viability of MSME companies. This post details you how small businesses will get affected by…

How to Legally Register a One Person Company

While starting your own business, the very first question that comes to mind is that how to form the company. This post presents a step-wise procedure to legally register a one person company. As per the Companies Act 2013, section 2(62), a One Person Company means a company that has only one member. Any person…