Udyog Aadhaar- Introduction Udyog Aadhaar is called Aadhaar for business purposes. This is a unique 12-digit government identification number that is given by the Ministry of MSME. Udyog Aadhaar registration is mainly for small and medium enterprises to register themselves as MSME. Other than business entities, a sole proprietor business owner does not have any…
As the dust settles on the commencement of the long journey to implement the historic GST regime, it is worthwhile to take stock of how it impacts specific aspects of Indian infrastructure. Here are seven ways GST affects the infrastructure sector – Electricity: GST is expected to inflate electricity costs by up to eight per…
GST is a destination based taxed. Its main Objective is to consolidates all indirect tax levies into a single tax, except customs (excluding SAD) replacing multiple tax levies, overcoming the limitations of existing indirect tax structure, and creating efficiencies in tax administration. The Basic objective of GST is to remove cascading effect of the taxes.…
Numerous areas of the business world have since a long time ago whined about unofficial law. Partnerships and their representatives regularly impugn government rules as nonsensical obstacles to benefits, financial productivity, and occupation creation. Obviously, numerous organizations have utilized provisos, moved tasks abroad, and disregarded antitrust laws as they endeavored to manage guidelines. In all…
Basically, after the registration of any business entity, the tax authority provides the Unique Identification number which includes the Permanent Account Number (PAN) and State-specific number. Basically. Unique Identification Number is termed as the GST Identification Number (GSTIN) which is a fifteen-digit number. The first two digits of the GST Identification Number (GSTIN) represent the…
Women are often referred to as extravagant, spending a lot of money, shopping now and then but what about the concept of Pink Tax? Forget about the concept, why ‘Pink Tax’ came in the first place. According to Wikipedia:The pink tax refers to the broad tendency for products marketed specifically toward women to be more expensive than…
Have you ever noticed how female products and services are costlier than that of men? Goods that fit the parameters of the pink tax all share one commonality: they are being directly branded and targeted to fit the supposed needs of those identifying with the female gender. Often, such goods are categorized with pink packaging…
Pink tax refers to the broad tendency for products used by women under which they are required to pay extra amount of tax. This can also be referred to as price discrimination or gender pricing. The classic example of this is those cheap razors for sale in drug store. There is no difference between male…
As the dust settles on the commencement of the long journey to implement the historic GST regime, it is worthwhile to take stock of how it impacts specific aspects of Indian infrastructure. Here are seven ways GST affects the infrastructure sector – Electricity: GST is expected to inflate electricity costs by up to eight per…
