LegalWizin's blog

Following are various GST Tax slabs, also known as tax bracket:

• GST tax slab of 0%

• GST tax slab of 5%

• GST tax slab of 12%

• GST tax slab of 18%

• GST tax slab of 28%

Supplies are taxed at 0% also to allow benefit of input tax credit to the tax payer. Products like rice, milk, vegetables, spices, etc. falls under this slab. Before collecting the tax, the registrant need to check under which bracket his goods or services falls.

TRN is Temporary Reference Number which is generated on successfully submission of PART-1 while submitting application for GST registration. TRN number is used to open PART-B in GST registration and also to login in GST registration application.

What is ARN?

ARN is Acknowledgement Reference Number which signifies successful submission of GST application while submitting application for GST registration and which is generated on submission of PART-B.

The Ministry has continued such restriction till today. The partners for new LLP registration cannot apply for DIN as of now, which unable to incorporate a new LLP. However, if any of 2 parts already possess DIN, they can apply for incorporation.

Latest update has been received in June for the allotment of DIN for partners to be appointed in existing LLP.[1]

For ready-made garment ship, first you need to choose the organisation structure i.e. Proprietorship, Partnership Firm or any other.

Based on the organisation structure, you are required to obtain the business registration to establish recognition in the market.

Before entering any business market, its thorough check is must to know how far you can go and what should be your targets.

For import or exports from India, first task is to get Import and Export Registration from DGFT. But, this does not end the checklist, you need to go through many checks before steeping into global market.

I think this is a right read for you: Know what you need to take your business Global

Yes, an Individual who has attained the age of 18 years and is a resident of India can be a Nominee in one OPC and Member in another. However, in case of the death of the Member of the OPC, wherein concerned Individual is a nominee will become the member of the OPC by virtue of the Death of the original member. In that case the individual has to withdraw his membership from either of the OPC within 180 days of becoming a member.

Further, an individual cannot become a member or nominee in two OPC at the same time.

™ and ® are used to signify the common law rights vested in the trademark.

I assume that this question arises because of latest update on converting shares of listed company into Demat.

But as it is clarified, holding shares in physical form is allowed. The shareholder is required to convert the physical shares into demat only if the share transfer takes place.

For dematerialisation of shares, one is required to get in touch with a stock broker registered with your preferred Depositary - NSDL/CDSL.

Intellectual Property is creation of minds. It is a set of Intangibles owned and legally protected by the creator of the innovative Ideas. To promote the Innovations, creativity and its protection, numerous laws are enacted by Government of India to let the creators secure exclusivity and ownership rights by registering their innovations and unique ideas. Upon obtaining registration, the creator or owner enjoy exclusive right to use, sell, assign their rights, and avail monetary benefit through it, and also to protect the same.

About One Person Company (OPC): A registered company provides corporate status and many benefits to the members and directors. But, to register a Private company at least two members are required. To eliminate this drawback and allow single person to reap the advantages of company structure, it One Person Company is introduced through Companies Act, 2013. This registration is simplified with online filing process.