A Private Limited company can be incorporated within 15 working days.
GST or Goods and Service Tax is a kind of indirect tax applicable on the supply of goods and services across the country. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services. In effect, GST provides revenue for the government.
A Private Limited company can be incorporated within 15 working days.
Minimum 2 members required to incorporate Private Limited Company
Minimum Authorised Share Capital 100,000 (INR One Lac)
The Tax rate for a company incorporated in India is the lowest in the world.
GST return filing is completely an online process in India. GST filing is a very easy and quick process. However, it is necessary that returns are filed correctly and error-free to ensure that GST credit can be passed on to the next stage. Once your GST registration is done, GST return filing is mandatory. Based on the turnover and the activities, the requirements and period of filing returns are prescribed under law.
An assessee whose total income exceeds the "maximum amount", which is not chargeable to the income tax are required to file Income Tax Return. An income tax return is a form where taxpayers declare their taxable income, deductions, and tax payments. This procedure of filing income tax returns is referred to as income tax filing. The form and time limit for filing ITR are different for different taxpayers based on the criteria.
TDS (Tax Deducted at Source) is an indirect system of deduction of tax according to the Income Tax Act, 1961 at the point of generation of income. Tax is deducted by the payer and is remitted to the government by him on behalf of the payee. A TDS Return is a quarterly statement that has to be submitted to the Income Tax Department of India. Submitting TDS Return is mandatory if you are a deductor. It has details of TDS deducted and deposited by you.
TCS (Tax collected at source) is the tax payable by a seller which he collects from the buyer at the time of sale. Section 206C of the Income-tax act governs the goods on which the seller has to collect tax from the purchasers. Every tax collector has to submit a quarterly TCS return i.e in Form 27EQ in respect of the tax collected by him in a particular quarter.
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