Importance of business license Importance of business license, A business license is important for several reasons: Legitimacy and Compliance: A business license provides legal recognition to your business and demonstrates that you are operating within the laws and regulations of your jurisdiction. It helps establish your business as a legitimate entity and can enhance… Read More »
Benefits of registering a Trademark Benefits of registering a Trademark, Registering a trademark can provide several benefits to a business or an individual, including: 1.Legal protection: Registering a trademark gives legal protection to the brand or product name, logo, or slogan. It helps prevent others from using a similar or identical mark, which can… Read More »
Statutory authority Statutory authority under the GST law to check unfair profiteering activities is the National Anti-Profiteering Authority (NAA). The NAA is a quasi-judicial body that was set up under the GST Act to ensure that the benefits of GST rate reductions and input tax credit are passed on to the end consumers by the… Read More »
Introduction With the implementation of the Goods and Services Tax (GST), many consumers have been confused about whether they must still pay service charges at restaurants, hotels, and other service-oriented businesses. This article provides a step-by-step understanding of the service charge, its applicability after GST, its benefits, limitations, and frequently asked questions. Definition… Read More »
Benefit of GST number Benefit of GST number: Introduced on July 1, 2017, the Goods and Services Tax (GST) is a comprehensive indirect tax implemented in India. Under the GST regime, businesses are assigned a unique identification number known as the GST number. This 15-digit alphanumeric code plays a vital role in tracking the… Read More »