Did you know India’s e-commerce market is expected to reach US$99 billion by 2024? This makes India the second-largest e-commerce market, just behind the US. As the digital market grows, so does the need for tax compliance. The GST registration process for e-commerce operators is now essential for legal and smooth business operations. The Central Board of Excise & Customs (CBEC) has set up special rules for e-commerce GST registration. This is because the sector is growing fast and has complex tax issues. If you sell online or plan to start an e-commerce business, knowing these rules is crucial for your success. Now, e-commerce business tax compliance is a must. Section 24 of the Central Goods and Services Tax Act, 2017 requires all e-commerce operators to register for GST. This includes collecting a 1% tax on each transaction, except for exempted goods and services. As an e-commerce operator, you must collect Tax Collected at Source (TCS) at a maximum rate of 1% on the ne...
Did you know over 80% of India’s companies are private limited? The Ministry of Corporate Affairs (MCA) has made setting up a private limited company easier. This guide will help you through the steps to incorporate a private company under the Companies Act 2013. It covers everything from getting pre-registration documents to filing the forms. If you’re starting or running a business, knowing how to incorporate a private company is crucial. This guide will help you with legal steps and online filing. It gives you the knowledge to successfully set up your private limited company in India. Incorporate your Private Limited Company at Just ₹ 6999/- Key Takeaways Private limited companies are the most popular in India, following the Companies Act 2013. To start, you need pre-registration documents like Digital Signature Certificates (DSC) and Director Identification Numbers (DIN). The SPICe+ form (INC-32) does it all: names your company, incorporates it, gives out DIN, PAN , a...