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Memorandum of Association (MoA) & Articles of Association (AoA) for GST Registration

Memorandum of Association (MoA) & Articles of Association (AoA) When registering a Private Limited Company, Public Limited Company, or a Limited Liability Partnership (LLP) under GST , certain legal documents must be submitted to validate the structure and objectives of the business. Two of the most important documents are: Memorandum of Association (MoA) Articles of Association (AoA) These documents serve as the foundation of a company’s legal identity and are required during GST registration. 1. What is the Memorandum of Association (MoA)? The Memorandum of Association (MoA) is a legal document that defines the objectives, powers, and scope of a company. It outlines the relationship between the company and its shareholders. Key Contents of MoA: Name Clause – Specifies the registered name of the company. Registered Office Clause – Defines the location of the company’s head office. Object Clause – Lists the main and ancillary objectives of the company. Liability Clause – Speci...
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What If Partners Change After GST Registration?

 what if partners changed after GST registration In a partnership firm, changes in partners are common due to business expansion, restructuring, or personal reasons. However, when partners change after GST registration, it is important to update the details with the GST department to ensure compliance and avoid legal issues. In this blog, we will discuss the steps to take when partners change and how to update GST registration accordingly. Is It Mandatory to Update GST Registration After a Change in Partners? Yes , it is mandatory to update the GST registration when there is a change in the partnership structure. Since a partnership firm is registered with GST based on its Partnership Deed , any modification in partners needs to be reflected in the GST records. Failure to update partner details can lead to complications such as: Mismatch in legal documents Problems in filing GST returns Issues during GST audits Possible penalties for non-compliance Steps to Update GST Registratio...
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TDS & TCS Under GST: Understanding Compliance and Registration Requirements

In India, the Goods and Services Tax (GST) system is designed to ensure that businesses are taxed transparently and efficiently. The provisions of GST include mechanisms such as Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) to facilitate seamless tax collection and improve compliance. Businesses that are required to deduct or collect tax under these provisions are also mandated to obtain GST registration , regardless of their turnover. In this blog post, we will explore the concept of TDS and TCS under the GST regime, the businesses that are required to comply with these provisions, and why they must be registered under GST. What is TDS and TCS under GST? Under the GST framework, both TDS and TCS are mechanisms that help ensure taxes are deducted or collected at the source of the transaction. Let’s break them down: TDS (Tax Deducted at Source) TDS is a system under which the person making a payment (i.e., the deductor) deducts tax at the source of the paymen...
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  1. GST Registration Requirements If your business deals with  both exempt and non-exempt  goods/services, you will still be required to register for GST if your  aggregate  turnover exceeds the prescribed threshold limits. For example: If your business generates revenue from  exempt goods  but also deals in  taxable goods  that cross the threshold limit, you must  register for GST . Businesses engaged in both categories may have to file  GST returns , ensuring compliance with the tax system. Additionally, if the business is engaged in  interstate supply  (i.e., supply across different states within India), GST registration will be mandatory regardless of turnover.
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  E-way Bill Compliance
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Who is a Non-Resident Taxable Person (NRTP)? In the Indian Goods and Services Tax (GST) framework, taxation applies not only to domestic businesses but also to foreign entities and individuals engaging in economic activities within the country. One such category under GST is the Non-Resident Taxable Person (NRTP) . Definition of a Non-Resident Taxable Person (NRTP) A Non-Resident Taxable Person is defined under Section 2(77) of the Central Goods and Services Tax (CGST) Act, 2017 , as a person who: Is not a resident of India Supplies goods or services in India , either directly or indirectly Engages in business or commerce in India , whether through an agent or otherwise In other words, any business entity or individual who is not a permanent resident of India but makes taxable supplies in India is considered a Non-Resident Taxable Person under GST. These individuals or businesses must comply with GST laws and follow specific registration and compliance procedures to operate in India....
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The GST (Goods and Services Tax) regime in India has had a significant impact on various sectors, including the hospitality industry. Restaurants, hotels, and restaurants-cum-hotels have specific provisions under GST based on their operations, including whether or not they serve alcohol. Understanding the GST implications for these businesses is crucial to ensure compliance and to benefit from available exemptions and reduced tax rates. In this blog post, we will discuss how GST applies to restaurants , hotels , and restaurants cum hotels , with a focus on businesses that serve alcohol and those that do not. GST for Restaurants and Hotels: Basic Overview GST Rate for Restaurants Restaurants, whether standalone or part of a hotel, fall under GST regulations for the services they provide. The GST rates vary based on the type of establishment and services offered: Restaurants Without Alcohol : For restaurants that do not serve alcohol , the GST rate is generally 5% (without input ta...
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