Understanding Professional Tax in Odisha: A Comprehensive Guide
Understanding Professional Tax in Odisha: A Comprehensive Guide Recent Update: Numerous businesses registered under GST in Odisha are receiving show cause notices from the Department in Form XV due to non-payment or non-registration under the professional tax. To gain comprehensive knowledge about the applicable professional tax, please refer to the article provided below. Professional tax is a form of direct taxation imposed by state governments throughout India. As a state-specific tax, the rules pertaining to its collection, payment, and [...]
6 Tips To Keep Your Business Safe from Special All-India Drive against fake GST registrations
Six Ways To Keep Your Business Safe from Special All-India Drive against fake GST registrations Starting on 16th May 2023, the GST Department will initiate a unique nationwide campaign targeting counterfeit GST registrations. As per the official notification from the Central Board of Indirect Taxes & Customs (CBIC), a Special All-India Drive will be launched by both Central and State tax administrations from May 16, 2023, to July 15, 2023. The objective of this drive is to identify suspicious/fake [...]
Advantages of a Producer Company for Farmers, Producers, and Agriculturists
Advantages of a Farmer Producer Company A Farmer Producer Company or a Producer Company is a legally recognized entity of farmers and agriculturists who join together to collectively undertake activities related to the production, procurement, harvesting, grading, pooling, handling, marketing, and selling, or export of primary produce. The main objective of a Producer Company is to promote the interests of its members and improve their profitability by facilitating the formation of corporate businesses into companies and converting existing cooperative [...]
LLP Annual Returns: All You Need to Know
LLP Annual Returns: All You Need to Know Updated: 02-05-2023 The Limited Liability Partnership (LLP) was introduced in India in 2008 as a corporate business vehicle that provides the benefits of a partnership while also limiting the partners' liability. Despite the easy and cost-friendly incorporation process, LLPs have annual compliance requirements that must be fulfilled. LLPs must adhere to LLP annual returns, which are mandatory for all LLPs regardless of their transactions. These annual compliances include filing the Annual [...]
Complete Guide to DIR-3 KYC Filing for Directors Holding DIN | Tradeviser
Complete Guide to DIR 3 KYC Filing for Directors Holding DIN As a director of a company, you have various compliance requirements that need to be fulfilled to ensure smooth operations and avoid legal repercussions. One such requirement is the filing of DIR 3 KYC (Know Your Customer) form, which is mandatory for all directors holding a Director Identification Number (DIN). In this blog post, we'll walk you through the process of filing DIR 3 KYC, the documents required, [...]
How To Avoid Trademark Application Refusal | Tradeviser
How To Avoid Trademark Application Refusal There are several grounds for the refusal of trademark registration, depending on the laws and regulations of the particular country or region. It is to be noted that a Trademark application can be refused irrespective of it being unique on a few grounds as mentioned in the act. A trademark application can be refused either on absolute grounds or relative grounds we have tried to explain both of them here. Absolute Grounds for [...]