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Showing posts from December, 2022

What is GST Return?

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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

Trademark Classes in Trademark Registration

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  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

Comparative analysis of GSTR 9 and GSTR 9C

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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,

How to Register a Startup Company in India

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In today's business world, the term "startup" is useful. It is the term or plan used to describe the DPIIT initiative, which is part of the Make in India initiative and aims to help and support entrepreneurs as well as facilitate the startup ecosystem by providing a number of exemptions, subsidies, and other benefits. This Startup India portal assists in numerous ways and aims to promote innovative and original Indian startups. Hurry up register your startup with us today. We provide Startup Registration at affordable prices. What Is A Startup? New businesses that are started by one or more people are called startups. A startup could be started for one of two reasons: To offer a product or idea for which no one else has the copyright or patent previously To innovatively redevelop existing facilities or products If you are planning to start a business, the following questions may bog you down: If the startup is still in its nascent , does it have to be registered? Startup

How to Transfer Rights to a Trademark in India

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We all know that trademarks are valuable intellectual property for all kinds of businesses. It has the same value as any other tangible asset. To transfer ownership of the trademark, you must submit an online application. Online registration and amendment of trademarks are examples of everything related to trademarks. You will gain an understanding of the entire trademark transfer of trademark ownership procedure in this article. Additionally, some trademarks have a higher value than other tangible assets. As a result, once you register a trademark in India, you can sell, transfer, or lease it. Trademark assignment  Transferring trademark rights from one person to another is accomplished through trademark assignment. The transfer of trademark rights to a product or service is the legal term for it. With or without the assignment of goodwill, a trademark can be assigned, whether it is registered or not. Any of the following methods can be used to achieve this: Complete Assignments The