Margesh Rai

LLPSBORules created obligations on Significant Beneficial Owners and Limited Liability Partnerships. The Companies Act, 2013 (the “Act”), Section 90, required people designated as Significant Beneficial Owners (or “SBOs”) for firms to declare their status. This provision was adopted by the Ministry of Corporate Affairs (MCA) in 2018. Then, by notice dated February 11, 2022, MCA […]

Corporate Social Responsibility (CSR) was initially introduced in 2013, marking a significant development in corporate governance. Over time, multiple series of proposed amendments have enhanced and refined the CSR framework. Notably, substantial amendments came into effect on January 22, 2021. The key impact of these amendments is a shift in the compliance approach – companies […]

The Companies Act of 2013 has replaced its predecessor, the Companies Act of 1956, with the goal of modernising and adapting corporate regulations to the changing business landscape. The new Act is more concise, comprising 29 chapters and 484 sections, in contrast to the previous Act. It also includes seven schedules. This Act was granted […]

GST on Penal Charges: Many indirect taxes imposed by the federal and state governments have been replaced with the single Goods and Services Tax (GST). The ability to impose and collect taxes on goods and services is shared by the federal and state governments under the GST. The GST, or goods and services tax, is […]

Merchant exports under GST come under the system of trading export. Merchant export is a commonly used term in foreign trade. Besides this, it is helpful in generating the inflow of foreign exchange earnings for the nation. The person who is responsible for carrying merchant export is known as merchant exporter. Merchant exporter is an […]

The profit potential associated with a bakery business in India has motivated the new entrepreneurs to commence their bakery business. This business is a promising one as there will never be a lack of demand for muffins, pastries, cupcakes, cakes, etc. anytime in the future. Also, the trend is on the rise due to the […]

Meat processing business in India requires proper planning, along with acquiring various licenses and permits is mandatory. When it comes to the production of meat, India has attained the leading spot. As Indian customers have become conscious of including protein-rich foods in their diet, meat has become a highly consumable foodstuff in India. The diversification […]

Starting a coffee shop business in India has become a rage in recent years due to the high demands from the millions of coffee lovers in most of the developing regions. After tea, coffee is the second leading preferred beverage in India. India is known for producing near about 3.5% of coffee production in the […]

The process of applying for a refund under GST law varies under different outlines. Through this write-up, we are going to throw light on the steps to apply for a refund under GST, GST RFD-01, and GST RFD-01A, the applicability of RFD-01, and RFD-01A, and more. Let’s Begin with RFD-01 and RFD-01A In Form RFD-01/RFD-01A, […]

Any supply to or by a unit of SEZ[1] under GST would get acknowledged as an Inter-state supply & there will be the applicability of IGST or Integrated Goods and Supply tax. The spots for Special Economic Zones are within the national boundaries of the country. Although special economic zones exist within the same country, […]

FSSAI has extended date for FSSAI Food license renewal amid COVID-19 pandemic. FSSAI has brought news of relief in the lives of food business operators by extending the grace period until June 30, 2020, to make them apply for FSSAI Food license renewal or FSSAI registration renewal either expired or on the way to get expired […]

The methods of GST Registration for e-commerce operators, along with the forms needed by taxpayers who will deduct or collect TDS/TCS, are the parts of this write-up. The impact of GST on e-commerce has been a major one in India. The Indian government has introduced special provisions and regulations for e-commerce companies to make them […]

Food Truck Business in India has gained admiration among small entrepreneurs as well as consumers. Amid the rapidly growing standalone restaurant business in India, the charm of food trucks has made it a rage in recent years. You might be getting the thought roaming in your mind that the concept of food trucks is newly […]

The claiming concerning the GST Refund on exports would witness a revamp under the new GST Return system. Under goods and service tax regime, exports get considered as zero-rated supplies. The special category of supplies under GST are- exports, deemed exports, supplies to SEZ units, and zero-rated supplies. Since zero-rated supplies fall under the section […]