Causal Taxpayers Registration Goes Live On GSTN Portal ?

Casual taxpayers who conduct businesses occasionally can now register for the goods and services tax (GST), which will allow them to execute work that comes their way once in a while.
A taxpayer must go for registration as casual tax payer at least five working days prior to the commencement of business. A casual taxpayer is a person who occasionally undertakes business transactions in a state or union territory where she has no place of business. A tax payer will also have the option to extend the registration duration once for a maximum of 90 days before the expiry of the initial 90-day period for which registration was granted in doing business in India.

Rather than registering as a regular taxpayer and being required to file ‘nil’ returns during off business months, casual taxpayers can enrol for a limited period of time, GSTN noted in its statement. After a taxpayer has opted to register as a ‘casual taxpayer’, a challan has to be generated after giving estimated values of supplies and tax and cess liability during the period of registration. The taxpayer has to make advance tax payment using the payment modes available at the GST portal, thereby completing the second stage of registration, it added in company formation in Delhi.

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Govt moves to check benami, aadhar to be made must for property deals.

In a move meant to curb benami transactions and therefore the use of black cash in realty deals, the govt. is going to build Aadhaar-based authentication necessary at the time of registration of documents like agreement purchasable, power of lawyer and can among others. The govt. has additionally firmed up plans to modify electronic registration of properties, that Aadhaar-based authentications are going to be a requirement in company formation in India.

The government plans to amend Sections thirty two and 32A of the Registration Act, 1908, for this. “Every person presenting a document at the property registration workplace for registration shall, whether or not corporal punishment or claiming beneath an equivalent, endure Aadhaar authentication in company incorporation in india.

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How GST Will Impact The Wallet Of The Common Man.

Since the passing of the GST Constitutional Bill by the Rajya Sabha in August last year, the country has been preparing itself for the new tax regime. The new GST law is India?s biggest tax reform initiative which is expected to improve compliance levels, increase government revenue in company registration in India and create a common playing field for businesses by amalgamating a host of central and local taxes.

The present rate of service tax is 15 percent and is applicable to most of the services, excluding essential ones like cultural activities, ambulance services, and certain pilgrimages and sports events. Under Goods and Service Tax, this rate would increase to 18 percent making the services more costly. For some goods like edible oil, textiles, etc. the excise duty is nil and the VAT in several states is 5 percent. Hence, the total cost of such goods is close to 8%-9%. With GST, the cost of such goods is likely to increase and this might put a hole in the budget of a common man to wholly owned subsidiary in India.

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Ease of Doing Business: Government Plans to Introduce New Integrated From For Company Registration

The government plans to introduce a new version of the integrated company incorporation gurgaon form in a measure aimed at enhancing ease of doing business that targets reduction in average number of days for incorporating a company to one to two days from more than four days at present. 

The new form, INC29, will have an option for entities to apply for director identification number or DIN and reservation of name through a single e-form in Internal auditor in India. 

"This new version of form INC29 will allow up to five directors to be appointed and greater flexibility in proposing a name for a company. Suggestions from the stakeholders are being taken," the government said in a press release. 

The reservation of a name, incorporation of company and appointment of directors of the proposed company can be filed in the integrated form. The government said the time taken for registration of a company has already been halved through measures introduced to enhance ease of doing business in company auditor in Delhi.

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Govt To Centralise New Company Registration Process to Improve Ease of Doing Business

In a significant step towards improving the ease of doing business, the Corporate Affairs Ministry will soon centralise the whole process related to registering a new company and strive to complete the processing within a day in wholly owned subsidiary in India.

The Central Registration Centre (CRC) to speed up services for incorporation of companies, set up by the Corporate Affairs Ministry, is already functional in business registration in gurgaon.

The Ministry, which is implementing the Companies Act, has been taking various measures to further improve the ease of doing business in the country, a priority of the current government.

Continuing the efforts, CRC would now carry out the processing and disposal of e-forms and all related matters pertaining to registration of companies.

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Register a New Company With Company Formation India

Registering a new company could not be simpler when registering online with company formation India. We are companies house e-filing partner which allows us to set up new limited companies online for our clients in the UK and overseas through our sister company. The company incorporation in India website is integrated directly with companies house allowing you to check the availability of your company name. We can help clients from their companies within just 3 hours through our quick online company formation service.

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Tax Promised registration in One Day.

Even as the contours of the GST remain fluid, the Delhi government has eased the procedure for grant of registration to fresh applications to encourage more traders to contribute towards its kitty of ValueAdded Tax (VAT).

Guidelines eased:

In circular issued on Friday, The department of trade and taxes said that applicant dealers would be granted company registration in India within a day of applying through a mobile platform, even as it eased guidelines around the provision of bank details for the purpose. The provision of providing bank account details at the time of applying for registration under the DVAT and CST act has been made optional which will encourage more traders to register.

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