Online GST Registration Guide

Online GST Registration Guide All persons who are required to collect GST or a person required to collect Tax at Source or a person providing online information and data base access or retrieval services (OIDAR Service) from a place outside India to…

Foreign Company Compliance in India

Foreign Company Compliance in India Foreign companies registered in India are required to maintain various additional compliances under the Companies Act, 2013. In this article, we look at some of the unique compliance requirements for a foreign company registered in…

Statement of Origin

Statement of Origin Statement of Origin is statement provided by a registered exporter verifying the origin criteria for exports under the European Union (EU) Generalised System of Preferences (GSP). Statement of Origin shall be made out on a Commercial document such…

Certificate of Origin

Certificate of Origin Certificate of Origin is an instrument which establishes evidence o­n origin of goods imported into any country. These certificates are essential for exporters to prove where their goods come from and therefore stake their claim to whatever…

MCA Processing Time for Various Requests

MCA Processing Time for Various Requests The Ministry of Corporate Affairs (MCA) has published various timelines for processing of different types of applications pending with the MCA. In this article, we provide the respective work flow and the time prescribed. Availability…

SPICe – One Day Company Registration

SPICe - One Day Company Registration Ministry of Corporate Affairs (MCA) has recently introduced new version of SPICe (one day - one step) Company Registration. SPICe, which stands for Simplified Per forma for Incorporating Company electronically. The new SPICe form takes advantage…

Guide to Excise Duty in India

Excise Duty The primary and fundamental meaning of "excise duty" or Duty of excise is tax on articles produced or manufactured in the taxing country and intended for home consumption (i.e. consumption within the same country). It is an indirect…

Types of Customs Duty

Types of Customs Duty Basic Customs Duty Basic custom duty is the duty imposed on the value of the goods at a specific rate. The duty is fixed at a specified rate of ad-valorem basis. This duty has been imposed from…

GST Advantages and Disadvantages

GST Advantages and Disadvantages The GST is a Value added Tax (VAT) is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. It will replace all…

GST Registration Extension

GST Registration Extension for Existing Taxpayers The Goods and Services tax (GST) network has extended the date of GST registration or migration of existing taxpayers till the end of April, 2017. Since, many of the States have not migrated even 50% of…