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GST Registration
GST Return Filing
ITR filing
Online Accounting
Trademark Registration
Gumasta Licence
(S & E)
Food Licence
Trade Licence
GST Registration
Register yourself as a trusted business of this country with GST online
in minutes.
Ask our experts to guide you for an easy GST Registration.
In any tax system registration is the most fundamental
requirement for identification of tax payers ensuring tax
compliance in the economy. Registration of any business
entity under the GST Law implies obtaining a unique number
from the concerned tax authorities for the purpose of collecting
tax on behalf of the government and to avail Input tax credit
for the taxes on his inward supplies. Without registration, a
person can neither collect tax from his customers nor claim
any input tax credit of tax paid by him.
GST registration usually takes between 2-6 working days and can also depend upon
the number of document given by you. For certain businesses, registration under
GST is mandatory. If the organization carries on business without registering
under GST, it will be an offence under GST and heavy penalties will apply.
There are four different types of GST as listed below:
The Central Goods and Services Tax (CGST)
The State Goods and Services Tax (SGST)
The Union Territory Goods and Services Tax (UTGST)
The Integrated Goods and Services Tax (IGST)
Application Reference Number (ARN) is an acknowledgement issued by GSTN system
portal to the taxpayers who have successfully submitted their application after
completing the full process. It has come to notice that some of the taxpayers
have made ARN mandatory for buying things from their vendors.
GST Return Filing
Stay ahead of deadlines and file your returns on time with an all-time
available team.
Start Playing it safe now.
GST returns essentially stands for filing of all GST. Every individual who is
covered under the GST Act must produce their income to the Tax Department of
India. This is known as return and it includes details of every sale and
purchase.
Late filing attracts penalty called late fee. The late fee is Rs. 100 per day
per Act. So it is 100 under CGST & 100 under SGST. Total will be Rs. 200/day*.
The maximum is Rs. 5,000. There is no late fee on IGST in case of delayed
filing.
Along with late fee, interest has to be paid at 18% per annum. It has to be
calculated by the taxpayer on the tax to be paid. The time period will be from
the next day of filing to the date of payment.
You will be required to register under GST, even if your business' annual
revenue is less than Rs 20 lakh, which is the threshold for businesses which are
required to be registered under GST.
The GST replaces numerous different indirect taxes such as:
Central Excise Duty
Service Tax
Countervailing Duty
Special Countervailing Duty
Value Added Tax (VAT)
Central Sales Tax (CST)
Octroi
Entertainment Tax
Entry Tax
Purchase Tax
Luxury Tax
Advertisement taxes
Taxes applicable on lotteries.
ITR filing
Simply fill any type of Tax Return like salary tax, capital gains,
business, professional or property taxes.
Comprehensive Tax return services at your
fingertips.
A tax return is a form or forms filed with a tax authority that reports income,
expenses, and other pertinent tax information. Tax returns allow taxpayers to
calculate their tax liability, schedule tax payments, or request refunds for the
overpayment of taxes. In most countries, tax returns must be filed annually for
an individual or business with reportable income, including wages, interest,
dividends, capital gains, or other profits.
Anybody who is less than 60 years of age and has an annual income more than
Rs2.5 lakh has to file income tax returns, according to the Income Tax Act. For
senior citizens, the cut-off is Rs3 lakh, and for those who are more than 80
years old, the cut off is Rs5 lakh.
Yes, you can file return of income voluntarily even if your income is less than
basic exemption limit.
In total, there are six ITR forms for individuals, namely, ITR-1, ITR-2, ITR-2A,
ITR-3, ITR-4 and ITR-4S.
Online Accounting
We offer overall cashflow management and tracking along with payroll
services.
Enhance your productivity and let Legal251 handle your accounting.
Online accounting, occasionally referred to as cloud audit, is the practice of handling
your organization's accounts and financial resources online by collaborating with a remote
access bookkeeping firm.
Everything is managed remotely when you work with online accountants. You provide them with
digital files and online access to your accounts. The accounting firm will often have online
accounting software that you can connect to and use to collaborate on your financial health and development closely.
Yes, Online Accounting is very useful for every business type because it gives you the
freedom to work from anywhere through any device. There is no need for managing heavy systems & files.
Online accounting practices allow you to analyze complex financial data, generate reports
that appropriately include quarterly and year-end closing records, monitor and check taxation
concerns and filings, and so on.
Trademark Registration
Become a Brand with a ™ Sign on your logo, slogan or company name.
Get your Intellectual Property protected now.
Trademarks in India are registered by the Controller General of Patents Designs
and Trademarks, Ministry of Commerce and Industry, Government of India.
Trademarks are registered under the Trademark Act, 1999, and provide the
trademark owner the right to sue for damages when infringements of trademarks
occur.
Before you apply, you should search the USPTO's trademark database (Trademark
Electronic Search System, or TESS) to see if any trademark has already been
registered or applied for that is:
Similar to your trademark
Used on related products or for related services, and
Live
A trademark that meets all three criteria will prevent your trademark from being
registered because it creates a likelihood of confusion.
The "®" indicates that a trademark has been registered with a country's
trademark office, and the "™" means that the user is claiming rights to the
brand without registering the mark. A "®" mark constitutes a claim of having
stronger trademark rights than a "™" mark, which only claims use of a certain
sign, independent of actual registration.
Ideally, you want to trademark them both as two separate trademarks because each
would protect different elements of your brand. One would protect the literal
part of it, the name, and the other would protect the graphic representation of
that name.
Gumasta Licence (S & E)
Gumasta Licence is a mandatory registration required for
doing any kind of business in the state .
Gumasta Licence is the Licence obtained under the Shops and
Establishment Act .
The Shop Act Registration is valid for a lifetime.
Business owners, entrepreneurs, self-employed professionals, private limited companies,
sole proprietors, partnerships, and LLPs must obtain a Gumasta License. They intend to open
physical stores, hotels, or commercial establishments in Madhya Pradesh. According to the
Madhya Pradesh Shops and Establishment Act, all employers with ten or more employees must obtain a gumasta license. Upon submission of the license, the concerned officer will register the establishment in the register of establishments and issue an enrolment certificate and the Labour Identification Number (LIN). This license or certificate is the primary or mandatory requirement to get recognized by all the banks and NBFCs working for people in MP.
Yes, every business location requires its gumasta license.
"Establishment" means a shop, commercial space, residential hotel, restaurant, theatre,
or another place of the public to which this Act applies, as well as any other establishment
that the [State] Government may declare to be an establishment for this Act by notification in the Official Gazette.
Food Licence
Food licence or FSSAI Licence is granted to all manufacturers,
traders,
restaurants carrying out any food business which may
involve manufacturing or processing.
The major importance of the FSSAI License is that it ensures that your food is verified chemically and hence is safe to consume.
You must renew your food license before the validity of the FSSAI License expires to continue your operation. If your food license is about to expire, stay alert and remember that you must apply 30 days before the FSSAI license or registration expires.
The FSSAI license number is a 14-digit number on the food package label that contains information about the manufacturer, registration details, the FSSAI emblem, and the brand owner's license number. In the case of an imported food product, the importer must show the FSSAI logo and license number and the importer's name and address.
FSSAI can be contacted through a variety of methods. Consumers can file complaints and provide input regarding food safety issues such as tainted food, hazardous food, poor food, food labelling errors, and deceptive claims and ads for a variety of food products.
Trade Licence
A trade Licence is a document/certificate that gives permission
to the applicant
(person seeking to open a business) to commence
a particular trade or business in a particular area/location.
It is essential for every business that carries out a trade to have a Trade Licence. You can use the
Legal251 app or web to get this registration done at the local municipality quickly.
From the time you apply, Legal 251 will assist you in obtaining your trade licence in 5-10 working days.
Yes, the government has made renewing this licence a necessity every year.
Failure to submit the renewal may result in a penalty or fine.
Yes, regardless of what area of the business you're in, you'll need a Trade Licence. This licence is
required for every business that trades goods or services for money, and a Food Establishment licence is necessary for a restaurant.
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