Introduction GST, an indirect tax, is levied on the provision of goods and services within India. Implemented on July 1, 2017, GST replaced several previous indirect taxes like VAT, service tax, and excise duty. For Private Limited Companies (Pvt Ltd), adhering to GST regulations is critical for legal compliance and smooth business operations. Filing GST returns after getting GST registration […]
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What is Company and what are its benefits? A company in India is a voluntary association of individuals formed for the purpose of carrying out business activities, which can be for-profit or non-profit. It is a distinct legal entity separate from its members (shareholders) and is recognized by law. This means that the company itself can own property, incur liabilities, […]
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A private limited company is a type of business structure that offers limited liability protection to its owners (shareholders). It allows them to raise capital through the sale of shares. Unlike sole proprietorships or partnerships, the liability of shareholders in a private limited company has limitation to the amount they have invested in the company’s shares. This means that their […]
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