What is GST Compliance? Have you heard about the recent Golgappa Vendor Notice which had gone viral on social media? In case you haven’t heard about it yet, then let me share the details with you. Recently there were a lot of reports by multiple news channels that a pani-puri vendor in Tamil Nadu was summoned by the GST Department. Not for a Pani-Puri Order obviously. The article claimed that the GST Department summoned the vendor citing the reason that the Pani Puri vendor has surpassed the GST Turnover limit of the state, but has not yet registered himself according…
Author: CA Jasmeet Singh
The only two unavoidable things in this world are Death and Taxes. This is a very famous saying and true to an extent. Many of you are going the Startups and Freelancer route, which is a good way to grow your income and career. Which is why if you’re already earning a revenue, you should at least be aware of what the transaction limits are, beyond which you are performing tax blunders and in short are definitely cooked. You might be an unregistered Startup hustling around with MVP testing a Product Market Fit, or are just working as a freelancer…
Are you stuck with the traditional approach to business incorporation, like Sole Proprietorship or a Partnership Firm? Many entrepreneurs start with these models because they’re simple, but they often come with limitations in terms of liability, funding, and growth potential. If you’re looking for something that offers more flexibility, better protection, and easier management, a Limited Liability Partnership (LLP) could be the perfect option. Did you Know? Sole Proprietorships and Partnership Firms don’t give you the option to go public. If you want to understand the key facts, pros, and cons to make an informed decision, this article covers everything…
Detailed insights about which type of an organization registration should Startup Founders choose during incorporation of their company, and how using the FLIRTT model helps clear the doubts. You are a budding entrepreneur and you have finalized your disruptive idea. You have also probably done your market research and even planned a MVP. The idea is validated and you are ready to enter the market. What’s the next big step you take towards achieving your goal of turning the vision into actuality? That will obviously be to register your company/organization, to legitimate and finalize your startup incorporation. But the most…