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The Goods and Service Tax is the biggest indirect tax reform that blends all the other taxes into one single tax structure. Under GST Regime, the goods and services are now taxed under a single law being Goods and Service Tax Laws. The taxes are levied at a single rate. The collection is then bifurcated between both Central and State Government in name of CGST and SGST or IGST.
Threshold Limit for Registration
GST Registration is mandatory for the business entities based on the criteria of turnover or activities. The business dealing in goods and those providing service have to mandatorily apply for GST Registration if their aggregate turnover for a financial year exceeds Rs.40 Lakhs and Rs.20 Lakhs respectively. However, for businesses making supplies and providing services in the North Eastern States, the same is Rs. 20 lakhs and Rs. 10 lakhs respectively. Owing to its benefits, many dealers also obtain voluntary registration under GST.
A fundraising pitch showcases to the investor your exciting vision & mission, business model, product’s USP, significant traction achieved, monetization strategy, and a team that you have. It also speaks of post-funding goals and projections. An effective pitch makes it very clear to investors why they should not let pass this opportunity.
FinXpres as your leading legal consultant offers quick Pvt ltd Company Registration service across India at nominal pricing. Here you will find how you can register your company. We take care of all legal formalities and fulfill the compliances, as defined by the Ministry of Corporate Affairs. Post-approval of the company registration process, you receive a Certificate of Incorporation (CoI), along with PAN and TAN.
There are many advantages to Private Limited Company registration. This type of company offers limited liability for its shareholders with certain restrictions placed on the ownership. An LLP has partners, who own and manage the business. Whereas in private limited company registration, directors may be different from shareholders.
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