What is Startup India Seed Fund Scheme? Easy availability of capital is essential for entrepreneurs at the early stages of growth of an enterprise. Funding from angel investors and venture capital firms becomes available to startups only after the proof of concept has been provided. Similarly, banks provide loans only to asset-backed applicants. It is essential to provide seed funding to startups with an innovative idea to conduct proof of concept trials.
Article contains Extended due date of Statutory compliances Under Income Tax Act, 1961, Central Goods & Services Tax Act, 2017, Companies Act, 2013, FEMA Law and under GujRERA. 1. Income Tax- Extended due date of Statutory compliances Sr. No. Particulars Current due date Extended due date Remarks 1 Filing of Income Tax Return for FY […]
What is the RCM (Reverse Charge Mechanism) under GST? Reverse charge is a mechanism under which the recipient of the goods or services is liable to pay the tax instead of the provider of the goods and services. Under the normal taxation regime, the supplier collects the tax from the buyer and deposits the same […]
What is Taxable Value? Value of taxable supply – Sec 15 CGST Act 2017 (1) The value of a supply of goods and/or services shall be the transaction value, that is the price actually paid or payable for the said supply of goods and/or services where the Supplier and the recipient of the supply are not related persons and The price is the […]
