Private Company Registration
FSSAI Registration
What is the FSSAI Registration? FSSAI has been implemented under the food safety and standard act, 2006 formed in the Indian National Constitution as a ruling body for laying down science-based standards for articles of food regulating, manufacturing, processing, distributing sales and import of food to ensure that the food supplied to the customers is safe for human consumption. It also helps to frame the regulations to lay down guidelines and standards by specifying an appropriate system of imposing various standards. It helps in providing technical support and scientific advice to the central & state government for introducing the policies & rules in an area that have a direct or indirect bearing of food safety and nutrition. Collect all the data regarding food safety, food consumption, contaminants in food products, Identification of risks. It also creates information that helps the public, consumers to be aware of the rapid, reliable & Objective information about food safety. It helps to develop international food standards. Food safety and standard authority is the main regulatory authority for all businesses related to food in India. FSSAI Registration is necessary for starting any food business. All the traders, manufacturers and restaurants involved in the business must get a 14 digit FSSAI Registration Number. As per the government rules and regulations, FSSAI online registration is mandatory for all businesses related to food. The food safety and standard authority of India have its head office in Delhi. This act also aims to establish a single point of reference for all food safety and standard matter by converting Multi department control to a single line command. There are mainly 3 types FSSAI license Central license, state license and the third one FSSAI registration are for petty food retailers.
...moretrade license
What is a Trade License? For operating a business within a state, municipality and corporation trade license from the concerned state government, corporation or municipality is required. Rules and regulations regarding the trade license vary from state to state. Hence, to obtain a trade license applicants first have to understand the jurisdictions under which he is operating a business. Trade license is a license that is issued by the municipal corporation which allows individuals or companies to carry out a particular business on a particular address or to carry out operations in the territory that comes under the Indian National Government. It is a certificate that allows the holder to conduct business in the specified field and on the premises on which the jurisdiction of the Indian Government extends. One of the main reasons you need a trade license is that it assures that the activities carried out by your company are not going to present any type of health hazard. In most states, the application will be made to the commissioner in the corporation for the allocation and renewal of the license. The application will be made within 30 days of starting to operate a business. The fee for the trade license is determined by the state in which you are applying it. There is a multiple amounts of trade licenses present and issued nowadays. This will help you to get your business registered as well as give authenticity to it. Trade license will be issued within 7-15 days of submission of the application. One of the most important things you can do to make your business successful is to build its reputation and brand name in the market which can be done by getting a trade license.
...moreDOT OSP License
DOT OSP License stands for telecom services providers in India such as BPO/Call Centers, E-commerce, telebanking, telemedicine, -education and other IT enabled services. Department of Telecommunication made it compulsory under the new telecom policy (NTP 1999). All OSP services providers must to get dot osp license. Overview of dot osp license The Telecom Commission formulated terms & conditions with regards to dot OSPs. As per the terms & conditions, OSP should not provide switched telephony. They are allowed to take telecom services from only authorized telecom services providers in India. Department of telecommunication provides registration to telecom resources. It includes services like telebanking, call center and other IT enabled services. Dot OSP License Registration Requirement To get dot osp license, the entity must be a private limited Company. There are some essential documents required to get dot osp license given below: Certificate of incorporation of Private Limited Company Memorandum of Association (MOA) and Article of Association (AOA) Board of Resolution or Power of Attorney Authorizing the authorized signature. Name of Business and Activities Proposed. List of Directors Present Shareholding.
...moreIEC Registration
What is IEC Registration? IEC (Import Export Code) is a 10 digit code that is issued by DGFT (Directorate General of foreign trade), Ministry of commerce. It is a registration required to import-export goods and services from India. The IE (Import-Export) Code is valid for a lifetime. It is the very first step before doing any import-export business. The IEC (Import Export Code) application is to be made by the registered head office of the applicant and apply to the nearest regional authority of DGFT (Directorate General of Foreign Trade). It is mandatory for all imports to mention their IE (Import export) code while clearing customs when their goods and services arrive in India. Moreover, the Reserve Bank of India has made it compulsory for all traders to mention their IE Code while making a payment to the foreign bank account. Therefore, IEC (Import export code) is required for everyone involved in import-export in India) A single IEC (Import Export Code) would be issued against a single PAN number. Also, a single proprietor can have a single IEC (Import-export code) and if by any circumstances there is more than one IEC allotted to a proprietor, and then it must be surrendered to the regional office for cancellation. In case an IEC is lost or misplaced then you can request the issuing authority to grant a duplicate copy of IEC (Import- Export Code) and the same must be accompanied by an affidavit duly signed and notified at the authority or the nearest regional office. Once issued IE code can be used by the entity throughout its existence and does not require any renewal.
...moresociety registration
What is society registration? A society is a Non-for-profit entity that is engaged in the promotion of charitable activities like art, education, culture, religion, music, sport, etc. It is an association of people determines to perform together for some common purpose. The procedure for registration of societies is laid down by the societies registration act, 1860 and the same has been adopted by the state government with or without amendments. NGOs (non-government organizations), trust or societies are not the same even though they sound the same. They all operate on a very different scale. They all have a difference in their formation, attributes, and other characteristics. NGO's operate at a bigger level than that of trusts. Society and NGO's (Non-governmental organization) are registered under Societies registration act 1860 whereas trusts are registered under the Indian Trusts Act. There are many other differences between societies and trusts which cannot be ignored such as trusts are normally confined at the state level whereas NGOs operate at the central level. A society can be registered for the following purposes Promotion of science Promotion of literature Grant of charitable assistance Diffusion of political education Promotion of Fine Arts Foundation and maintenance of public libraries Creation of Military orphan funds
...moreShop and Establishment Act
People who are planning to enter the business world need to understand the provisions of the shop and establishment act in India. Registration under this act i.e. shops and establishment act is mandatory for most businesses. A shop is defined as a place where goods are sold and services are offered. A shop or an establishment is the smallest form of entities where both goods and services are sold. Any shop or establishment that begins operations must apply to the chief inspector for shop and establishment Act license within the prescribed time. The application for the license must consist of the name of the employer, a number of employees, address, etc. Shop and establishment act is covered under the state legislation and also each state has framed its own rules and regulations for it. Rules are framed by the state government therefore; they will be different for different states. These rules must be followed in order to obtain the registration. The main objective of the shop and establishment was to provide statutory obligation and rights to the employer and employees. The shop and establishment aim to regulate the payment of wages, an hour of work, holidays, terms of service and other work conditions of people employed in the shop and commercial establishments. The shop and establishment act comes under the category of the state legislature and covers all the persons employed in the establishment with or without wages, except for the employer’s family. As the rules are framed by the state government, it holds the right to either exempt any enterprise permanently or for a limited period of time from all or any provision of the Act.
...moreDrug License
Having a Drug license is mandatory to carry out business in drugs & cosmetics in India under the Drugs & Cosmetics act, 1940. This act was to strengthen all the laws relating to drugs & cosmetics, which established the Drugs Control Department. A particular business entity based on their business may require different types of drug license If a businessman is carrying out his business of drugs in more than two states than he has to obtain drug licenses in every state in which business is being carried out. In other words, if drugs are sold or stocked at more than one place than a license shall be issued for each place. It is a permission granted by the competent authority under drugs & cosmetic act, 1940 to carry out business in Drugs/ medicines or cosmetics. Under this act, all types of business of drugs & cosmetics are covered including homeopathic, ayurvedic, allopathic or Unani drugs. It is the responsibility of all person engaged in this business to maintain the quality of drugs and cosmetics. If any harm is caused to the person who used or consumed the drug or cosmetic due to the negligence on the part of the manufacturer or the seller then they have to face the consequences set up by the authorities.
...morerera registration
What is RERA Registration? RERA certificate is a license or certificate issued by the real estate regulatory authority to the builders. RERA certificate is mandatory for the entire commercial and residential real estate project where the land is above 500 sq. meters or 8 apartments to apply for RERA Registration for a launching project. RERA (Real State Regulatory Authority) bill was drafted in the year 2013 and passed by the Rajya Sabha on 10 th March 2016 and on 15 th March 2016 by Lok Sabha. It came into force on 1 st May 2016 with 59 out of 92 sections. The remaining provisions came into force on 1 May 2017. RERA (Regulation and Development) Act, 2016 has become 3 years old now. In these three years act has had its ups and downs. RERA (Real estate regulation and development act, 2016 brought rapid changes in the real estate sector of the Indian Economy. It brought transparency, reduced corruption and also brought entitlement rules and procedures into the real estate sector. The aim of this act was to protect the rights of home- buyers and also aims to boost investment in the sector. This has also brought major changes in the real estate sector because before this act though the sector was regulated, many illegal activities were floating in the sector like the sector was fraught with the corruption. There were also some issues regarding the ownership of the houses among the buyers and the sellers and the main problem was that there was no coordination between the buying and selling of the home. Also, there were several issues regarding the ownership and delivery of flats. There was no obligation and the buyer had to wait for several years even after the promised time period of the delivery flat. This greatly impacted the performance of the sector and thus RERA act came into existence.
...moreCopyright Registration
What is a Copyright Registration? Copyright is the right given by the law to the creators of dramatic, musical, literary and artistic works and the producers of Sound recording and cinematograph films. It is a bundle of right including Issues copies of work to the public, communicate the work to the public, perform the work in public, Reduce the work, Make any adaptation of the work, Make any translation of the work, Make a sound recording or cinematographic firm in respect of the work. There could be little variations in the composition of the rights depending on the work. It is defined as an intellectual property right of an original work owned by an individual, copyright is fixed in a physical medium of the expression, thus enabling the holder to exclusively reproduce, perform, distribute and display the copyrighted work. The objective of copyright registration is to place on record a verifiable account of date content of the work in question, so that in the event of a legal claim or case infringement or bootlegging. Thus, any producer must apply to register a copyright for the content, media or work they produce to protect it from any infringement. Advantages of Copyright Registration 1. Copyright protection enables the copyright holder to take legal action against infringers in the court. 2. It allows the owner of the copyright to record the registration with Indian customs to protect against the importation of infringing copies into India. 3. If the registration is made within the short time of publication or at any time before the infringement of the copyrighted work, then, in that case, the copyright owner is permitted to claim the statutory damages in the high court. Without the registration, only an award of actual damages and profits will be available which are quite complicated to prove in the court. 4. One can deal with the export and import of a whole work or a part with copyright protection.
...moreTrademark Registration
What is a Trademark? Trademark is a visual symbol that may be word signature, label, numerals, a name that is capable of being represented graphically and also capable of distinguishing the goods and services of one person from the other. It is anything that makes a brand unique in the eye of the common consumer. Once registered, the same symbol or series of words cannot be used by any other organization as long as it remains in use. Trademark protection is available for certain names, devices, symbols or words that will be used in connection with a good or service. Usually is a certain mark is associated with a service that is known as service mark but Trademark is commonly used to refer both marks associated with goods and services. The main purpose behind the trademark is to allow an individual or company to distinguish them from others and to indicate the source of their goods and services. A trademark not only gives the owner the right to use the mark but allow allows him to prevent others from using the same mark which is sometimes confusing for the general public. But on the other hand, the trademark cannot prevent another company or individual from selling the same goods and services under a different mark. There are some legal requirements to register a trademark under the Act are: Selected mark should have a capability to be represented in a graphical manner i.e. in the paper form Selected mark should be capable of distinguishing the goods & services of one from the other The mark should be used in relation to goods & services for indicating or to indicate a connection in the course of trade between goods and services.
...morePatent Registration
What is Patent Registration? A patent registration gives right that is granted to the inventor by the federal government that permits the inventor to exclude others from selling, making or using the invention for a limited period of time. In other words, it is a process to file an application in order to register your invention under the patent Act. It is considered as a monopoly right granted by the government that excludes the others from using, making, selling or importing the patented product or process without prior approval. The patent system is designed to encourage the inventions that are unique and useful to society. A patent is a form of intellectual property that gives the inventor exclusive rights over his inventions. This means that other individuals, firms or organizations cannot use, sell, import or export a particular invention over a particular period of time, under a public disclosure agreement of the particular invention. In most of the countries, patents fall under civil law, but you must note that getting a patent is not an easy task as it offers the highest level of protection. Some of the unique quality of patent includes: 1. Novelty: Novelty is a simple term refers to the "anticipation" that means the patent for which you are registering must not already exist in the market. The absence of novelty must be defined by factors such as public knowledge of the patent, public use of the patent, prior publication of the patent's knowledge and also includes commercialized products and selection inventions. 2. Usefulness: Usefulness of the patent means, it must be a process, medicine, invention or any product which comes into the use of the general public or even in the use of corporates in any possible way. All the patents that have been filed either have to be used in the industries or the use of the general public.
...morepatent search services
A patent search is a search of existing patents and other publicly available documents to locate the closest existing things to your invention. A patent application is examined by the patent office and can only be issued if the patent examiner is convinced that the invention is new and not an obvious combination of things in the prior art. The data obtained from the patent search is used by the applicants to find related patents. A patent search is the first thing that is done in the process of patent registration. The objective of the patent search is to determine how the invention done is different from what already exists in the prior art. But we must keep in mind that the patent search will not tell us whether your invention infringes someone else's patent or not. Types of patent searches and opinions There are different types of patent searches and opinions not commonly known by many inventors. Below are the four types of patent searches. 1. Novelty or patentability Search Novelty or patentability is the most common search that is requested. This type of search is used to determine the likelihood of getting a patent through USPTO (United trades patent and Trademark Office). Generally, startups or the new inventions will request a novelty search in order to see whether their invention is patentable and worth the money and time to pursue. 2. Freedom to operate search FTO (Freedom to operate) search sometimes known as clearance search operated to determine if the inventor is free to operate the invention without any fear of getting used for infringement. The purpose of the FTO search is not on the disclosure portion of the prior art as in novelty search but the claim portion of the in-force patents found. Because of this reason, Freedom to operate (FTO) searches is tending to be much more complicated.
...moreDigital Signature Certificate
The world has gone online and with that, the imminent threat of frauds, hacking, and whatnot. The world needed something to secure and then came the invention of the Digital Signature certificate. With the arrival of the online transaction, the world became connected and a lot of important information was being uploaded on the internet. In order to secure the files, DSC (Digital signature certificate) became a method of signing the files and securing the files from false information. A digital signature is a mathematical technique that is used to validate the authenticity and integrity of software, message, and Digital document. In comparison to the handwritten signature or stamped seal, A digital signature offers far more security and also helps to solve the problem of tampering and impersonation in digital communications. A digital signature certificate is a secure digital key issued by the certifying authorities for the purpose of certifying and validating the identity of a person holding the certificate. It contains information about the user's name, country, pin code, email address and date of issue of the certificate as well as the name of certifying authority. The Digital signature certificate uses the class 5 encryption techniques to secure the available information on its card and loaded into the memory. However, there is another way that was introduced to protect the information or an extension of the safety and that was smart cards. This double encryption is currently the latest and more secure way of signing the documents digitally.
...moremsme registration
MSME Stands for Micro, small and medium enterprises. In developing countries, MSME is the backbone of any economy and an engine for economic growth. Therefore, to support and also to promote MSMEs, the Government of India has introduced many schemes and strategies in order to promote MSMEs through the MSMED Act. To utilize the benefits under the MSMED Act from the central and state government you must require MSME Registration. MSME Registration is beneficial for business as it provides a range of benefits such as excise exemption scheme, tax subsidies, eligibility for lower rates of interest, power traffic subsidies, capital investment subsidies, and other support. As per the MSMED Act, 2006 the micro, small and medium enterprises are basically dependent on the investment of plant and machinery for those who are engaged in the manufacturing and production process of goods, investment in equipment for business enterprises engaged in providing or rendering services. MSME Sectors contributes to 45% of India’s total industrial employment, 95% of all industrial units of the country, 50% of India’s total exports and more than 6000 types of products are manufactured in these industries. When these industries grow, the economy of the country also grows as a whole and flourishes.
...moreNSIC Registration
The government of India is the largest buyer of a variety of products. It always underlines the small-scale sector to uplift and promote their business and also to increase purchases from small-scale industries. NSIC (National Small Industries Corporation) registers these small and micro-enterprises under SPRS (single point Registration scheme) to allow these enterprises to participate in the government purchase program. NSIC helps to promote and foster the growth of MSME businesses in India by operating various schemes like single point registration for government purchase, performance and credit Rating scheme, Marketing Support for small industries and more. Eligibility for NSIC Registration All Micro and small entities who are registered with the Director of Industries(DI) or registered with District Industries Centers(DIS). As service or manufacturing enterprises or having Acknowledgement of Entrepreneurs memorandum are eligible for the registration of NSIC under its SPRS (Single point registration scheme). MSEs who have already commenced their commercial production but haven’t completed one year. A provisional Registration certificate is issued to such MSEs under SPRS (single point registration scheme) with the limit of 5 lakh. The provisional certificate issued is valid from one year from the date of issue.
...moreAgmark Registration
What is an agmark registration? agmark or agricultural mark is a certification mark that is employed on agricultural products in india assuring that they comply with rules and standards approved by the directorate of marketing and inspection, an agency of the government of india. The term agmark was derived from joining the words ‘ag’ which means agriculture and ‘mark’ means certification mark. It was legally enforced by the agriculture produce(grading and marking) act of 1937 and the head office of agmark (agriculture mark) is located in faridabad (haryana). Agmark of agricultural mark helps to certify all the agricultural products before releasing it in the market. Currently, this mark covers 205 varied categories of agricultural products and commodities including pulses, essential oil, vegetable oil, fruits and vegetables, cereals and other semi-processed commodities. This agmark certification is extremely significant for all retailers and whole sellers across the country to sell their products to a huge variety of customers. Documents required for agmark certification name of that product for which the applicant wants the standard name and address of the organization pan card of individual or business address proof of business premises such as utility bills trademark registration certificate details of machinery such as power, quantity, and capacity turnover of the company for last year copy of registration of a company such as a copy of documents issued by the registrar of companies if the applicant is a company in that case copy of memorandum of association in case the applicant is a partnership firm than a copy of partnership deed in which the firm and partnership law is mentioned.
...moreiso registration
What is ISO Registration? In Today’s world, where the quality of standards plays an important role in the marketing of products and establishing the brand power or products market supremacy. Now, the question arises on how to judge the quality of the products? The answer is ISO (International Organization of standardization). ISO Certification certifies that a Manufacturing process service, management system or documentation procedure has all the requirements for standardization and quality assurance. International Organization for Standardization (ISO) is an independent, international and Non-governmental organization that develops a standard to assure the quality, safety, and efficiency of services, products, and systems. It is a non-governmental body which consists of a total of 148 countries as a member of countries and the Central secretariat of this body is located in Geneva, Switzerland. The objective of getting you ISO registered is mainly to advance the improvement of standardization in Technology. It improves the credibility of your business as well as helps you to achieve more business. There are a variety of standards that have been set up by ISO (International organization of standardization) but the most famous and mostly used standard are ISO 9000 and ISO 14000 The ISO 9000 standard is meant for quality management. The term quality management means activities organizations do in order to improve customer satisfaction by meeting their requirements and also improving the business. On the other hand, ISO 14000 is a family standard that is related to Environmental management. The primary concern for the environment refers to the activities the organization does to minimize the harmful effects of the activities of the business for the sustenance of the environment in the future.
...moreISI MARK REGISTRATION
What is ISI Mark Registration? ISI Mark Registration is considered the most recognized sign of the quality of the India subcontinent. It is a sign of better quality that signifies that the product having an ISI mark complies with all the quality and safety standards and also safe for human consumption. Companies need to get their products certified for ISI Mark so that they could provide the best quality products to their customers to satisfy their needs as well as to win their confidence. ISI (Indian standards Institution) is a body set up under BIS (Bureau of Indian standards), formulated under the Indian constitution. It is a certification for industrial items in India. A body was set up at the time when India gained the freedom to create standards needed for profitable growth and maintaining quality in Industries production. However, after functioning for a couple of decades the Indian government decided to bring a lot of changes in their standardization system. Hence, the new body came in the year 1986 for the standardization of Indian industrial products which was called BIS (Bureau of Indian standards). The newly formed BIS (Bureau of Indian standards) took over ISI (Indian standards Institution). Since then it is doing a great job. BIS (Bureau of Indian standards) have also shifted their objectives from testing to industrial products to satisfy the consumers and also undertake various quality certification activities. You should also note that BIS (Bureau of Indian Standards) has established a chain of laboratories at various places all over the country in order to test the conformity of certified products. To test the conformity to the standards regular monitoring and inspection of the products manufacturing process, testing of samples drawn from the factory as well as the market is done.
...moreBIS Hallmark License
What is BIS hallmark license? There is no denying that Gold holds a special place in the heart of jewelry lovers. In today’s world, even the jewelry has not been spared and is suffering from spurious substances and other mixing substances. To overcome this, BIS (Bureau of Indian Standards) has come up with the BIS Hallmark License for gold and silver jewelry. All the glitters are not gold and that is true. Many buyers are not aware of the quality of gold. Hence, Sellers try to mislead their customers with low-quality jewelry. BIS Hallmark is a system that helps you to determine the quality of gold and silver. It is a certification mark issued by the BIS (Bureau of Indian standards). The certification given by this body called BIS Hallmark License certificate determines that a piece of gold conforms to the standards set up by BIS. In simple words, hallmark certification is to inform the consumers about the purity of gold and silver jewelry being purchased by them. BIS hallmark license for gold jewelry consists of several components: BIS logo, Purity of gold either on of 22K916 and corresponding to the 22 carats, or the 20K833 corresponds to 20 carats, 18K750 i.e. corresponding to 18 carats and 14K585 corresponding to 14 carats, Logo of assaying Centre, Code/logo of the jeweler. One must note that BIS (Bureau of Indian standards) hallmark certification for both gold and silver came into existence at different time periods.BIS hallmark license certification for silver was introduced five years after the system of gold has been introduced. The hallmark certification system for silver was also a successful one and can be said even more successful than Gold.
...more12A & 80G Registration Certificate
NGO can be benefited by the exemption from paying income tax by getting it registered and complying with certain other formalities. But Without 12A registration and 80G registration certificate, NGO cannot provide any benefit to the person making a donation. The Income-tax act 1961 has certain provisions which in return offer tax benefits to donors. All NGO's should not avail the advantages of these provisions in order to attract donors. An NGO can get the benefits of exemption under the income tax act and for availing such exemption it needs to 12A registration & 80G registration of the income tax act. If any donor let it be an individual, firm, company or any person making a donation to NGO that is registered under 80G, get the deduction of about 50% from their taxable income and some may also qualify at the rate of 100%. 12A registration is one time but has the validity of a lifetime. NGO that is registered under 12A claims exemption of Income Tax. A newly registered NGO can apply for both types of registrations. Application for the registration under 80G Certificate and 12A Certificate can be applied separately and can be applied together also. Every NGO, Trust, and societies have heard of such registration and also registered it under that to avail various taxation benefits to both societies as well as people to give donations to these societies. With the help of this registration NGOs, Trust and societies can obtain the maximum amount of donation from the general population. In simple words, you can say that it is beneficial for the NGOs, trusts, and societies to get them registered under 12A Certificate and 80G Certificate because even the people who are donating to the NGOs (Non-governmental organization), trusts and societies get tax exemption under the Income-tax act. Consequently, people will donate more to the NGO, trust, and societies which are registered under 12A certificate and 80G certificate.
...more35AC Registration
What is 35AC Registration? Non-Government organizations are established for the welfare of society. They also need some financial assistance to run their welfare related work so they arrange their funds through a donation made to them by the government or individuals or other bodies. In order to attract finance for these welfare organizations, some tax reliefs and benefits are provided by the government to those making donations. All NGOs (Non-government organizations) should avail the benefit of such provisions to attract potential donors. Section 35AC is one of such sections. Section 35AC is similar to 12A and 80G but quite different in their attributes and characteristics. Also, the benefits availed under both of them are different. 12A and 80G registration are considered as the most important for the NGOs (non-government organizations), trust and societies. 35AC can be stated as one of the key provisions under the income tax act and also quite beneficial and important for NGOs (Non-government organization), trust and societies. If understood properly and coherently 35AC registration can be used effectively to raise the funds and resources of NGOs (Non-government organization), trust and societies. The main motive behind the formation of section 35AC was to encourage business organizations and entities to put their contribution and increase it in the field of social and economic welfare. Under section 35AC organizations that are having income from business and professions can get a 100% deduction. Also, the benefits are not limited to the NGOs (non- government organization), trust and societies. There are several benefits availed by entities, firms or organizations in the corporate sector too.
...moreFCRA Registration service
FCRA (Foreign contribution regulation act) was enacted in the year 1976. The primary objective of this act was to regulate the foreign contributions being received by the NGOs (non-government organizations), trust and societies that are functioning within the boundary of Indian peninsular. Also, it prevents several individuals such as Political parties, electoral candidates, judges, MPs (Member of Parliament) or cartoonist from taking any foreign contribution. The time when the FCRA act was introduced the world was facing a disastrous effect of the cold war and also the reckless activities are on the rise. So, in order to keep the check on the funding by the U.S.A and the USSR, the Indian government launched the FCRA (Foreign contribution regulation act). The new FCRA act came into existence in the year 2010 and has also reduced some of the clauses and is far less stringent then the FCRA introduced in 1976. One of the major advantages of FCRA (foreign contribution regulation act), 2010 was MPs (Member of Parliament), political parties, can accept the fund as long as the funds are being channeled through the Indian Subsidiary. We can see that a number of NGOs (non-government organizations), trust and societies have been banned. The numbers of 11319 NGOs (Non-government organizations) have been banned so far under FCRA (Foreign contribution and regulation act). An NGO can receive funds from foreign countries. Section 8 companies or trusts/societies who receive a foreign donation from foreign sources are required to obtain registration under section 6(1) of foreign contribution Regulation Act, 2010. The next step is to avail registration for tax exemption on the income of an NGO. It is required to obtain approval from Income tax department under section 12A which also helps to attract donor, NGO prefers to get an 80G certificate so that contributors can utilize tax benefits on the donation made to the NGO.
...moreGST Registration Services
What is GST Registration Services tax? GST refers to the goods & services tax. It is called the largest indirect tax reform of the country. This law has replaced many indirect taxes that previously existed in India. The History of GST goes back years ago in 2006 when the then finance minister of our country proposed the idea of introducing it. GST was implemented on 1st July 2017. It is more transparent and self-policing tax regime that also helps to boost the economic growth of a country. GST is basically an indirect text to be imposed on sale, manufacture, consumption of goods and services. It is a single text that is to be imposed on the supply of goods and services that is supplied from suppliers to the consumers. With the establishment of this new Jurisdiction, India has become a unified market with one indirect tax only. GST has become a good advantage for consumption as it lessens the effect of the older tax regime. It also reduces the overall tax burden and also transparent to the consumer. Goods & services tax in India is a comprehensive, Multistage, destination-based tax that is imposed on every value addition.
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