Start-up India Scheme is a flagship initiative of the Government of India, intended to build a strong eco-system for nurturing innovation and Startups in the country. The keyword is innovation. The business either develops a new product/ service or redevelops a current product/service into something better. How to register your startup with Startup India: Step… Continue reading Start-up India – Steps to get register
Author: Bhaskara Consulting Group
GST compliant business may still be vulnerable to Profession Tax Notices
In continuance to the Government’s efforts to link all the data of the taxpayers, the Maharashtra Profession Tax Department has started issuing e-notices to all the persons who have a Goods and Services Tax Identification Number (“GSTIN”) in Maharashtra but have not yet taken Profession Tax registration, i.e., Profession Tax Enrolment Certificate (“PTEC”) and/or Profession… Continue reading GST compliant business may still be vulnerable to Profession Tax Notices
Two amendments to Income Tax that will hit hard to Builders & Developers
While Real Estate sector all over country is facing stagnancy and even downward trend due to multiple factors such as high rates of GST, compliance under RERA, absence of financial credit, etc., two amendments made to Income Tax Act through Finance Act, 2017 and Finance Act, 2018 will act as further blow to industry. Most… Continue reading Two amendments to Income Tax that will hit hard to Builders & Developers
Small Businesses and Start-ups shall be Collaborating rather than Competing
It stands to reason that small businesses were the backbone of India, and recently, technology start-ups are pushing us into the future. We usually see the two groups as entities at complete opposite ends of the spectrum. Small businesses are usually simple businesses serving their local communities. Start-ups, however, are living on the cutting edge… Continue reading Small Businesses and Start-ups shall be Collaborating rather than Competing
CA’s certificate under MahaRERA – Form 3 vis-a-vis Form 5
Real Estate sector is one of the exception sector where end-consumer pays for the product before getting delivery of such product. That is, unlike other goods or services, customers pay significant purchase price in advance, which is often as large as life savings of a person and hence faces huge risk. On the other hand, over-ambitious… Continue reading CA’s certificate under MahaRERA – Form 3 vis-a-vis Form 5