Register a company in india

How To Register A Company In India : Full Startup Guide

Do you have an idea and ready to convert that idea into reality? You are at the right place then, this post will guide you about all the essential things you need to know about company formation followed by step by step procedure to register a company in India. To register a company in India, is no more a complex and tedious task now. Government of India is actively working to make it easier for people to convert their ideas into business with no hectic and long procedures like it used to be earlier.

This post will guide you about:

1. Prerequisites to register a company in India

2. How to choose the type of company formation

3. How to register the chosen company form

4. Opening a bank account

5. How to kick start and manage business after formation

Continue reading “How To Register A Company In India : Full Startup Guide”

Impact of GST rates on your Household Budget; Who won, who lost?

Yes yes, GST rates are here! India has cleared the way for the biggest tax reform since independence in 1947.

The main beneficiaries of the new goods and services tax, due to be rolled out on July 1, include steelmakers and some consumer goods.

  • The food items which currently attracted an average of 12.5% tax under VAT laws will now be taxed at 5% under the new regime.
  • Entertainment activities, household and personal care products will become cheaper under the upcoming regime.
  • 18% tax slab for telecom, financial services.
  • Service tax on non-AC hotels will be 12%, on AC hotels that serve liquor will be 18%. Higher tax rate for luxury hotels.
  • Hotels and lodges with tariff below Rs 1,000 will be exempt. Those with Rs 2,500-5,000 will be 18%. Luxury hotels will face tax of 28%.

Continue reading “Impact of GST rates on your Household Budget; Who won, who lost?”