Browsing: GST Registration

Tax Registrations

Reading Time: 3 minutes Tax Deduction Number Registration in India – TAN Registration Tan Number is a ten-digit alphanumeric number which is allotted to by NSDL to tax deductors. This is unique number allotted for the purpose of TDS related accounting by the income tax department in India. This alpha numeric number is required to be obtained by all the individuals who are liable to deduct or collect the tax. Moreover, it is also obligatory to quote TAN in all TDS/TCS certificates, returns and payment challans. It is to be noted that each tax deductor is separately recognised by a TAN and the first…

Reading Time: 2 minutes Loan syndication consultation in Indian company In the process of Loan Syndication Consultation in Indian Company, multiple lenders work together in order to provide various fragments of a loan instead of a single lender providing the whole amount to the borrower. It happens due to two reasons: the amount is high for a single lender to provide, the amount is beyond the scope of a lender’s risk exposure levels. The need for loan syndication usually arises when a borrower requires a large sum of capital. Advantages of Loan Syndication Loan terms can be reduced Best prices available to the businesses…

Reading Time: 3 minutes Central Sales Tax (CST) Central Sales Tax basics need know Central Sales Tax basics need know The Central Sales Tax (CST) is a tax imposed on inter-state trade or sales of goods. It is imposed by the Central Government of India under Entry 92A of List I (Union List) of the Seventh Schedule to the Constitution of India. However, the liability of collecting the tax in such case is that of the state government from where the goods were sold. The Central Sales Tax is an indirect tax levied on consumers which were enacted under the Central Sales Tax Act…

Reading Time: 2 minutes Increased Service Tax Rate to be 15% Effective from June 1, 2016 Increased Service Tax Rate The Union Budget for 2016-17 was presented by the Hon’ble Finance Minister Shri. Arun Jaitley on February 29, 2016, in the LokSabha. The Finance Bill, 2016 was passed by Lok Sabha and later on by Rajya Sabha on May 5, 2016, and May 11, 2016, respectively. Now, with the final ascent of the Hon’ble President given on Saturday, May 14, 2016, the Finance Bill, 2016 proposed along with the budget has become a law. Earlier Swachh Bharat Cess (“SB Cess”) was levied @ 0.5%…