Breaking Down the 53rd GST Council Recommendations for Businesses The 53rd meeting of the Goods and Services Tax (GST) Council, which took place on June 22nd, 2024, has delivered some important updates businesses need to be aware of. These changes focus on making compliance easier, adjusting tax rates, and supporting
Micro, Small and Medium Enterprises (MSMEs) are a very important constituent of the Indian economy. They contribute significantly to the employment generation and economic development of the country. Moreover its also important to note that they contribute to almost 30% to the GDP of India. The Indian government introduced Udyam
The Union Budget 2024-25 created a sense of mixed emotions to taxpayers. While some changes helped further lower taxes and increase disposable income, others lead to impacts on tax planning on investments. Let’s understand more about the key changes of the budget Making the New Tax Regime Sweeter If you’ve
What is a Trade License in Kerala? Trade license is a common layman’s term for registering your business under the Shops& Establishment Act, Kerala. The provisions of this act are equally applicable to all organizations undertaking any kind of business / commercial transactions in Kerala. Also, it is worth noting
A CIN is a unique identification number assigned to every company registered under the Companies Act, 2013. Similar to the CIN for Companies , LLP are assigned an LLPIN ( Limited Liability Partnership Identification Number) It’s a combination of letters and numbers that helps identify a corporate entity registered in
