Posts

Why Renew a Trademark?

-
Image
A trademark helps companies and businesses safeguard their brand image. It basically prevents individuals from stealing your logo, brand name, or brand image. As a result, anyone who has managed a company or business understands the significance of having a valid trademark. In any case, it is likewise similarly essential to leave sure that the imprint you have is legitimately substantial. Renewing a trademark is of the utmost importance because each one has a time limit. Do you still have questions about how to renew a trademark or the significance of doing so? Why trademark renewal is necessary and how to do it quickly are discussed here! What is renewal of a trademark? The owner of a trademark has the option to renew it indefinitely every ten years. Before the ten-year period ends, the trademark holder has six months to renew their trademark and keep the rights granted by the Registrar. The registrar will announce in an advertisement in the Trademark Journal that a trademark will be
Post a Comment
Read more

What is ITR-U?

-
Image
The ITR-U form is used to make changes to your income tax return. In the Union Budget 2022, the government introduced the idea of updated returns. Have you ever misrepresented your income on your ITR or neglected to report it? You have two years to update your ITR under the Income Tax Act's Section 139(8A). From the end of the year in which the initial return was filed, two years will be counted. ITR-U was introduced with the intention of maximizing taxpayer tax compliance without triggering legal action. Find out more about ITR-U by reading on. A new Form ITR-U has been issued by the Central Board of Direct Taxes (CBDT) for the purpose of updating Income Tax returns. In this form, taxpayers will be required to provide the precise reason for filing along with the amount of income that will be subject to taxation. Taxpayers will be able to use the brand-new Form ITR-U to update their income tax returns for the fiscal years 2019–20 and 2020–21. This article provides an overview of th
Post a Comment
Location: Delhi, India
Read more

What is GST Return?

-
Image
Once your business is registered, you are required to file a monthly, quarterly, and annual GST (Goods and Service Tax) return. The kind of business you run will determine the format of your GST return. The government has made it easier to submit GST returns through the GST portal. How does GST Return work? The official GST return details all purchases, sales, taxes paid on those purchases, and taxes collected on those sales. Following the filing of the GST returns , the taxpayer is obligated to pay the tax due. You are required to file GST returns on the broad categories depicted here when you register for GST: Who is required to file GST returns?  Sales Purchases ,  Sales Output on GST , Paid GST on Purchases (also known as the Input Tax Credit)Based on the nature of their transactions and business,  All business owners who have a registered business under the GST system must file GST returns. GSTR-1: Registered taxable suppliers are required to file details of outward supplies of t
Post a Comment
Location: Delhi, India
Read more

Trademark Classes in Trademark Registration

-
Image
  A word, symbol, or design that identifies the source of a product or service is known as a trademark. In India, there are two sorts of Brand name enlistment: Registration of a trademark for services and a trademark for goods. Trademarks fall into a variety of categories depending on the type of business. They are of the trademark class. Understanding the trademark registration class details is essential prior to filing a trademark application.  The service provider can be identified in relation to the activities of his or her business by using a trademark. It can be added to any name or logo that the service provider uses to identify his or her business activities to be registered. A distinctive word or symbol may be used as a mark, but it must not be identical to another registered trademark. What is Trademark Registration? A trademark is a word, phrase, symbol, or design that distinguishes one company's products from those of other companies. In commerce, a trademark can be use
Post a Comment
Location: Delhi, India
Read more

Comparative analysis of GSTR 9 and GSTR 9C

-
Image
Since CBIC released the GSTR-9 and GSTR-9C forms, there has been persistent confusion regarding who must file them and whether or not the information required for each is the same. But not any more! The GSTR-9 structure is a yearly return that must be recorded by completely enrolled available people under GST. The GST reconciliation statement for a particular FY on or before December 31 is the GSTR-9C. For businesses with a turnover of more than 5 crores, the reconciliation must also be certified by a CA. What is the annual return for the GSTR-9? Taxpayers who are registered under the GST are required to submit an annual return known as GSTR 9. Important details: It contains information about outbound and inbound supplies made or received during the relevant fiscal year under various tax heads like CGST, SGST, and IGST, as well as HSN codes. It combines all of the monthly and quarterly returns (GSTR-1, GSTR-2A, and GSTR-3B) that were submitted during that year. Despite its complexity,
Post a Comment
Location: India
Read more