Category: GST

What to Know About Capital Gains Tax When Investing Abroad….!

Introduction Investing in international markets can be exciting and profitable. However, it also comes with challenges, especially when it comes to taxes. One of the most important taxes to understand is capital gains tax, which is applied to profits made when selling an asset for more than what you paid for it. At My Dream Consultant, we aim to make these complex topics easy to understand. This guide will explain capital gains tax in simple terms and provide answers to frequently asked questions. What is Capital Gains Tax? Capital gains tax is a tax you pay on profits earned when you sell an asset, like property or stocks. If you invest abroad, the tax rules depend on: Where the Asset is Located: The country where your investment is based usually applies its tax rules. Your Tax Residency: Your home country may also tax you on the same profit. Tax Agreements Between Countries: Many countries have agreements (called Double Taxation Treaties or DTTs) to avoid taxing the same income twice. Types of Investments and How They Are Taxed Real Estate Investing in foreign property can give great returns, but it often comes with extra costs, such as property taxes and sometimes higher capital gains tax rates. Stocks and Equities If you invest in foreign stock markets, you may need to pay tax both where the stock is listed and in your home country. Some countries deduct tax on dividends at the source. Holding stocks for a longer time may qualify you for lower tax rates in certain countries. Cryptocurrencies Cryptocurrencies like Bitcoin are taxed differently across countries. Many treat them as assets, so selling them for a profit may trigger capital gains tax. How to Reduce Capital Gains Tax Here are some top ways to reduce your tax burden: Use Double Taxation Treaties (DTTs) DTTs between countries can help you avoid paying tax twice on the same income. Plan Your Tax Residency Moving to a country with lower taxes might reduce your tax liabilities, but you need to follow the rules for becoming a legal resident. Hold Investments for a Longer Time In many countries, keeping an asset for more than a year can qualify you for lower tax rates. Get Expert Advice Hiring professionals like My Dream Consultant ensures you get the best tax-saving advice and stay compliant with the law. Common Issues in Cross-Border Investing Currency Changes: Exchange rate fluctuations can affect your returns and taxes. Different Tax Rules: Tax laws vary widely between countries, so you need to know the rules in both your home and the investment country. Reporting Requirements: Many countries require detailed reporting of foreign investments. Mistakes can lead to penalties. Get Your Firm Registered @60% Discounting Price —-! Click Here !—- FAQs: Capital Gains Tax on Foreign Investments What are long-term and short-term capital gains? Long-term gains: Profits from assets held for a longer time (like over a year) often have lower tax rates. Short-term gains: Profits from assets held for a shorter time are usually taxed at higher rates. Will I pay tax in both countries? It depends. If your home country has a Double Taxation Treaty (DTT) with the country of investment, you might only pay tax in one country or get a credit for taxes paid abroad. How can I know my tax residency? Tax residency is based on where you live most of the time or where you have strong personal and economic ties. An expert can help determine your residency status. Can I deduct expenses from my taxes? Yes, in many cases. You might be able to deduct expenses like maintenance costs for property or fees for managing investments. How are cryptocurrencies taxed? In most countries, cryptocurrencies are treated as assets. If you sell or trade them for a profit, you’ll likely owe capital gains tax. How can I avoid double taxation? By using DTTs, you can claim tax credits or exemptions to avoid being taxed twice on the same income. How My Dream Consultant Can Help You At My Dream Consultant, we are one of the top firms offering expert tax advice. We can: Help you understand capital gains tax rules in different countries. Plan strategies to reduce your tax burden. Ensure you follow all reporting rules to avoid penalties. Whether you’re investing in property, stocks, or cryptocurrencies, we’re here to make your international investment journey smooth and profitable. Final Thoughts Investing abroad offers great opportunities, but understanding the tax implications is essential. By staying informed and seeking professional advice, you can minimize taxes and maximize returns. Contact My Dream Consultant today to learn how we can help you succeed in your international investments while staying tax-compliant. Keywords: Best tax strategies, top advisory firms, international investments, capital gains tax, tax savings, foreign investments, double taxation treaties. Conclusion Investing abroad opens up great opportunities for wealth creation, but understanding the tax implications, especially capital gains tax, is crucial. Proper planning, knowledge of Double Taxation Treaties, and compliance with local and international tax laws can save you from unnecessary tax burdens and penalties. In this blog, you’ve learned the basics of capital gains tax on foreign investments and its impact on your finances. At My Dream Consultant, we specialize in global tax planning and have earned a reputation as Jaipur’s trusted consulting firm. If you need help with international investments or tax strategies, contact us today and let us guide you toward smarter financial decisions!

Global Expansion: Understanding the Impact of Different Tax Systems

Introduction In today’s interconnected world, expanding a business internationally can open up new markets, diversify revenue streams, and strengthen brand presence. However, a crucial aspect of global expansion is understanding how different tax systems can impact business profitability and operations. This guide by My Dream Consultant, a top consultancy firm in India specializing in global business solutions, breaks down the essentials of tax systems worldwide, making it easier for companies to navigate the complexities of international taxation. What Are the Types of Tax Systems Globally? Countries around the world have unique tax structures influenced by their economic goals, political landscape, and fiscal policies. Below are some of the main types of tax systems you may encounter: Territorial Tax System In a territorial tax system, a country taxes only the income earned within its borders. This means that any profits earned abroad are not subject to the country’s taxes. Example: Countries like Hong Kong and Singapore adopt this model, making them attractive for companies with significant overseas operations. Worldwide (or Global) Tax System In a worldwide tax system, residents or corporations are taxed on their global income, regardless of where it is earned. Example: The United States primarily follows this system, taxing U.S. corporations on income earned anywhere in the world, though some credits or exemptions may apply. Zero or Low-Tax Jurisdictions Some countries offer extremely low or even zero corporate tax rates to attract foreign investment. Example: The Cayman Islands, Bermuda, and the UAE are well-known for their favorable tax policies, making them popular for multinational companies seeking tax efficiency. Get Your Firm Registered @60% Discounting Price —-! Click Here !—-   Key Tax Terms You Should Know Corporate Tax Rate: The percentage of a company’s income paid to the government in taxes. Double Taxation Agreements (DTAs): Treaties that prevent companies from being taxed twice on the same income when operating in two countries. Transfer Pricing: Pricing of transactions between related entities in different countries, which can impact taxes based on how profit is allocated. Why Tax Systems Matter in Global Expansion Different tax structures can significantly impact a company’s profitability, cash flow, and strategic planning. Here’s why understanding these tax systems is crucial: Profitability Optimization: A company that expands to low-tax countries can optimize its net income by reducing its tax liabilities. For example, setting up regional headquarters in countries like Ireland (with its low corporate tax rate) can lead to substantial savings. Compliance and Avoiding Penalties: Each country has unique compliance requirements, and failing to meet them can result in fines, penalties, or even criminal charges. Knowledge of local tax laws is critical to avoiding such consequences. Long-Term Financial Planning: Understanding tax systems allows for better long-term planning, helping businesses to structure their investments and operations strategically. How to Choose the Right Country for Expansion Choosing the right country for expansion is more than just picking a low-tax destination. Here are some factors to consider: Tax Incentives and Credits: Some countries offer tax incentives to encourage foreign investment in specific sectors, such as technology, manufacturing, or renewable energy. Researching these can help you make an informed decision. Repatriation of Profits: How easily can profits be transferred back to your home country? Countries with strict repatriation rules may restrict profit flow, impacting your cash reserves. Local Tax Regulations: Understanding local tax regulations, including VAT, import duties, and excise taxes, will ensure smooth operations and prevent unexpected costs. Double Tax Avoidance Treaties (DTAs): Countries with DTAs can offer tax relief, making it more economical for companies to operate across borders. The Role of My Dream Consultant in Your Global Expansion Journey My Dream Consultant, the best consultant in India for international business expansion, provides comprehensive support to companies seeking to establish a global presence. We guide clients in navigating complex tax systems, ensuring compliance with international regulations, and making informed decisions for sustainable growth. Our expertise in cross-border taxation, double taxation treaties, and transfer pricing enables us to offer strategic solutions that optimize profitability and minimize risks. Practical Tips for Managing Tax Systems in Multiple Countries Here are some strategies that businesses can use to manage taxes effectively when expanding internationally: Utilize Double Taxation Treaties: When expanding into a country with a DTA, take full advantage of tax relief provisions to reduce tax liabilities. Consider Holding Companies: Many businesses set up holding companies in tax-efficient jurisdictions to streamline operations and take advantage of lower taxes. Work with International Tax Experts: A reputable consultant like My Dream Consultant can provide guidance on compliance and planning, ensuring your business operates smoothly in multiple countries. FAQs: Global Expansion and Tax Systems Q1: What is the benefit of setting up a holding company in a low-tax jurisdiction?A holding company can offer tax advantages, such as reduced tax on dividends or capital gains. Setting up in a low-tax jurisdiction can help minimize the corporate tax burden while centralizing management of international operations. Q2: What are Double Taxation Agreements (DTAs), and why are they important?DTAs are treaties between two countries to prevent double taxation on the same income. They are essential for businesses with international operations, as they can help reduce tax liabilities and avoid the complexity of being taxed in two countries. Q3: Which tax system is best for a company planning global expansion?There isn’t a one-size-fits-all answer, as the ideal tax system depends on a company’s specific needs and goals. Working with consultants, such as My Dream Consultant, helps companies choose the right jurisdiction based on factors like tax rates, incentives, and compliance costs. Q4: Can companies repatriate profits from low-tax jurisdictions without heavy tax penalties?Many low-tax jurisdictions have favorable repatriation policies. However, it’s essential to consider the tax laws of both the home and host countries. Consulting with experts can provide clarity and strategies to repatriate profits effectively. Q5: How does My Dream Consultant help companies manage international tax compliance?My Dream Consultant offers comprehensive guidance on global tax systems, double taxation avoidance, and compliance management. Our experienced team helps companies design tax-efficient structures,

How to Legally Minimize Taxes When Expanding Abroad…..!

Expanding your business to international markets can open up exciting new opportunities. However, navigating the tax landscape of different countries can be complex, and without proper planning, you might end up paying more than necessary. At My Dream Consultant, we guide businesses on how to structure their operations in a way that legally minimizes taxes while staying compliant with international laws. Here’s how you can do it too.  Choose the Right Country for Expansion Not all countries have the same tax laws, and choosing the right destination for your business can make a significant difference in your tax burden. Some countries offer lower corporate tax rates, while others have specific tax treaties with India that can help avoid double taxation. For example, countries like Singapore, UAE, and Mauritius are known for their business-friendly tax environments. Tip: Research which country offers the best combination of market opportunity and favorable tax treatment for your industry. My Dream Consultant can assist in evaluating potential markets. Understand Double Taxation Treaties Double taxation occurs when your business is taxed both in India and in the foreign country where you are expanding. Fortunately, India has signed Double Taxation Avoidance Agreements (DTAAs) with many countries to prevent this. These treaties ensure that you don’t pay taxes twice on the same income. By structuring your business operations in countries with which India has favorable DTAAs, you can significantly reduce the tax impact. My Dream Consultant can help you navigate and leverage these treaties to your advantage. Consider Incorporating in Low-Tax Jurisdictions Some countries or regions, like the Cayman Islands, British Virgin Islands (BVI), and Hong Kong, offer zero or low corporate tax rates. While these jurisdictions might seem attractive, it’s important to ensure that your business activities align with the legal requirements of operating in these areas. Many global firms use these countries for holding companies to minimize taxes on foreign earnings. Tip: Seek professional guidance to understand whether incorporating in a low-tax jurisdiction is suitable for your business model. My Dream Consultant provides advisory services on structuring global operations for tax efficiency. Use Transfer Pricing Strategies If your business involves related companies in different countries (for example, subsidiaries or branches), transfer pricing becomes crucial. This refers to the pricing of goods, services, or intellectual property between the related entities in different countries. Ensuring that transfer pricing policies comply with both Indian and international tax laws can help you legally reduce taxes. Get Your Firm Registered @60% Discounting Price —-! Click Here !—-   Take Advantage of Tax Credits and Incentives Many countries offer tax credits, exemptions, or incentives to businesses that bring foreign investment, create jobs, or contribute to certain sectors like technology, renewable energy, or manufacturing. By expanding into a country with these incentives, you can significantly reduce your overall tax liability. For example, countries like Ireland and Canada offer various R&D tax credits, while countries like Mexico and Malaysia provide tax holidays for new businesses. My Dream Consultant can help identify the right incentives that fit your expansion plans. Avoiding Permanent Establishment (PE) Issues When expanding internationally, it’s important to avoid unintentionally creating a Permanent Establishment (PE) in the foreign country, which could subject your entire business to taxes there. PE rules vary from country to country, but in general, they apply when your business has a substantial presence in the foreign country. By carefully structuring your business, such as through contractual relationships rather than physical offices, you can limit your exposure to PE taxation. My Dream Consultant helps clients plan their global footprint in a way that minimizes the risk of PE status. Consult with a Global Tax Expert Lastly, international tax laws are constantly evolving, and compliance is crucial to avoid penalties. It’s essential to work with professionals who understand the nuances of both Indian tax law and the tax systems in the countries you’re expanding into. Conclusion Expanding abroad offers many growth opportunities, but it’s vital to minimize tax liabilities legally and strategically. By selecting the right country, leveraging tax treaties, and utilizing incentives, businesses can enjoy reduced tax burdens while maximizing profits. Let My Dream Consultant be your partner in navigating the complexities of global expansion and optimizing your tax strategies. In this blog, you’ve just learned “How to Legally Minimize Taxes When Expanding Abroad.” We are India’s top searchable consultancy firm, My Dream Consultant, with over 10 years of expertise. If you are planning to expand globally and want to ensure tax compliance, we are here to guide you. Jaipur’s Top Global Tax Advisory Firm—for any doubts regarding international tax planning, we are always ready to assist. Get expert guidance on minimizing taxes abroad by clicking here.

PM MITRA YOJNA: FOR TEXTILE SECTOR

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type=”1_2″ layout=”2_3″ spacing=”3%” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”rgba(239,239,239,0)” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”false” last=”false”][fusion_imageframe image_id=”2851|full” max_width=”” style_type=”glow” blur=”14″ stylecolor=”#0a0026″ hover_type=”none” bordersize=”0″ bordercolor=”” borderradius=”” align=”none” lightbox=”no” gallery_id=”” lightbox_image=”” lightbox_image_id=”” alt=”” link=”” linktarget=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]https://www.mydreamconsultant.com/wp-content/uploads/2021/10/7-oct.jpg[/fusion_imageframe][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””] *PM MITRA YOJNA: FOR TEXTILE SECTOR* PM Mitra Scheme : PM Mitra Scheme : on 6 oct 2021 held the cabinet meeting  Prime minister narendra modi, takes some decisions in these PM Mitra Scheme is one of them, This scheme is for the textile sector. Its full name is Pradhan Mantri Mega Textile Integrated Textile and Apparel Scheme. Seven new textile parks will be set up under this scheme. According to the government, this is going to bring a big revolution in the textile and manufacturing sector. After the cabinet meeting, Union Minister of Commerce and Industry and Textiles Piyush Goyal said that there is a lot of enthusiasm in the textile sector. the cabinet has approved the mitra scheme Under the PM-Mitra Yojana (Mega Integrated Textile Region and Apparel), 7 textile parks will be built in the country and about 21 lakh people will get direct and indirect employment from these textile parks. Governments of Tamil Nadu, Punjab, Odisha, Andhra Pradesh, Gujarat, Rajasthan, Assam, Karnataka, Madhya Pradesh and Telangana have shown interest in developing Mitra-Park Piyush Goyal said that it has been decided to create an integrated textile value chain under the PM Mitra scheme. For this, Rs 4445 crore will be spent in the next 5 years. Under this, 7 textile parks will be set up across the country. He also said that there was talk of capturing 5-F for a strong hold in the field of economy. 5-F means fiber to farm, fiber to factory, factory to fashion and fashion to foreign. All these links together strengthen the value chain, but now they are all different. *Grow Your Business Register Your Startup Here* According to Mr. Pyush Goyal cotton is grown in Gujarat and Maharashtra, from there it goes to Tamil Nadu, where spinning takes place. Goes to Rajasthan and Gujarat for processing. The garments are made in Delhi-NCR, Bengaluru, Kolkata and have to go to Mumbai and Kandla for export. All this can now be done in an integrated manner. The Union Minister said that 7 lakh people will get direct employment and 14 lakh people will get indirect employment due to this step of the government. He told that talks are being held with the states for textile parks. These parks will be set up in the state which will give cheap land, water and get labor easily. Along with this, it will also be seen that there should be a demand for textiles. Mr. Piyush Goyal said that the estimated cost of setting up 7 parks will be Rs 1700 crore. The units which will make big investment in the beginning, will also be provided help on first come first serve basis. A unit of up to Rs 30 crore can be given by the government in 3 years. He told that the textile park will be built in greenfield or brownfield places located in different states. 500 crore will be provided to develop all green field parks. While an amount of Rs 200 crore will be allocated for the development of brownfield park. The government said that under the PM Mitra scheme, work from spinning, weaving, processing, dyeing and printing to manufacturing of clothes will be done at one place. According to the government, this will reduce the cost of logistics. Due to the presence of the entire value chain at one place, the cost of logistics will come down. Under this scheme, Mitra will develop the Parks in Special Purpose Vehicle Public Private Partnership mode. The ownership of this special purpose vehicle will be with the state government and the government of India. According to the government, the scheme aims to help Indian companies emerge as global companies. World class industrial infrastructure will be developed to attract investment in PM Mitra scheme. *Worried About Your Startup Get Free Consultation* [/fusion_text][fusion_separator style_type=”default” sep_color=”rgba(239,239,239,0)” border_size=”0″ icon=”” icon_circle=”” icon_circle_color=”” alignment=”center” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” /][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””][/fusion_text][fusion_content_boxes layout=”icon-with-title” columns=”1″ heading_size=”2″ iconspin=”no” icon_align=”left” animation_direction=”left” animation_speed=”0.3″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” /][fusion_social_links icons_boxed=”” icons_boxed_radius=”” color_type=”brand” icon_colors=”” box_colors=”” tooltip_placement=”” blogger=”” deviantart=”” digg=”” dribbble=”” dropbox=”” facebook=”https://www.facebook.com/MY-DREAM-Consultant-102829418000245/” flickr=”” forrst=”” instagram=”https://www.instagram.com/mydreamconsultant/” linkedin=”” myspace=”” paypal=”” pinterest=”” reddit=”” rss=”” skype=”” soundcloud=”” spotify=”” tumblr=”” twitter=”https://twitter.com/MYDREAMCONSULT2″ vimeo=”” vk=”” whatsapp=”https://api.whatsapp.com/send?phone=918764369079&text=” xing=”” yahoo=”” yelp=”” youtube=”https://www.youtube.com/channel/UCdOZs17rpwXfoA6yT3VWzrA” email=”” show_custom=”no” custom_5=”tel:+918764369079″ alignment=”center” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” /][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” animation_type=””

How To Start Electrical Vehicle Business in India

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background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”true” last=”false” margin_bottom=”86px” padding_right=”114px”][fusion_sharing tagline=”” tagline_color=”#5e5e5e” backgroundcolor=”” title=”How To Download Udyam Registration Certificate Online In Just 2 Minutes.” link=”https://www.mydreamconsultant.com/download-udyam-registration-certificate-online-in-just-2-minutes/” description=”SG93IFRvIERvd25sb2FkIFVkeWFtIFJlZ2lzdHJhdGlvbiBDZXJ0aWZpY2F0ZSBPbmxpbmUgSW4gSnVzdCAyIE1pbnV0ZXMu” icons_boxed=”yes” icons_boxed_radius=”” color_type=”brand” icon_colors=”” box_colors=”” tooltip_placement=”” pinterest_image=”” pinterest_image_id=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” /][fusion_blog layout=”large” blog_grid_columns=”” blog_grid_column_spacing=”” blog_masonry_grid_ratio=”” blog_masonry_width_double=”” equal_heights=”no” number_posts=”6″ post_status=”” offset=”0″ pull_by=”category” cat_slug=”” exclude_cats=”” tag_slug=”” exclude_tags=”” orderby=”date” order=”DESC” thumbnail=”yes” title=”yes” title_link=”yes” content_alignment=”” excerpt=”” excerpt_length=”” strip_html=”yes” meta_all=”yes” meta_author=”yes” meta_categories=”yes” meta_comments=”yes” meta_date=”yes” meta_link=”yes” meta_tags=”yes” scrolling=”pagination” grid_box_color=”” grid_element_color=”” grid_separator_style_type=”” grid_separator_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” /][/fusion_builder_column][fusion_builder_column type=”1_2″ type=”1_2″ layout=”2_3″ spacing=”3%” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”rgba(239,239,239,0)” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”false” last=”false”][fusion_imageframe image_id=”2844|full” max_width=”” style_type=”glow” blur=”14″ stylecolor=”#0a0026″ hover_type=”none” bordersize=”0″ bordercolor=”” borderradius=”” align=”none” lightbox=”no” gallery_id=”” lightbox_image=”” lightbox_image_id=”” alt=”” link=”” linktarget=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]https://www.mydreamconsultant.com/wp-content/uploads/2021/10/4-oct.jpg[/fusion_imageframe][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””] *Electric Vehicle Business In India* Electric vehicle the key to permanent solutions of a better, cleaner India for the sustainability of its populace. At a crucial juncture when all countries are engaged in freeing Mother Earth from the claws of carbon emissions, or CO2, India can play a lead role in it by switching over the EV mobility to ensure a greener and cleaner ecology. By promoting the EV sector’s organic growth and enhancing its popularity among the people with governmental media programmers, a substantial cut in fossil-fuel run vehicular mobility can be made possible. During the pendency of COVID-19, we watched how the environment improved due to lesser emissions from petrol and diesel-run vehicles and industries in India. In many cities, the smog completely vanished. In many parts of India, people could even view distant mountains that had been impossible for them to see for decades due to the atmospheric hindrances created by the emission of the smoke from fossil-fuel run vehicles. For India’s sustainable green planet goal, a robust push in cleaner mobility is essential. Only Electric vehicle can do this. The argument behind is that the fossil-fuel vehicles contribute 60 percent of PMs (particulate matter-related atmospheric pollution), and over 20 percent of CO2.The Electric vehicle, on the other hand, is smoke-free. They do not choke urban India with hydrocarbon pollution, something that the UNICEF aptly termed as “danger in the air.”  The petrol and diesel-run vehicles are hugely inefficient as nearly 70 percent of the precious fuel simply is wasted. It can neither be recycled, recovered, or reused. We know it takes millions of years to create natural fossil fuel, unlike the batteries that can be made as and when you need. On the other hand, the EVs are rechargeable, involving zero-wastage of energy. They do not have even a single iota of harmful effects on human health and ecology. The heavy petrol and diesel trucks alone cause over 30 percent of vehicular particulate pollution. As far as urban India as a whole is concerned, all fossil fuel-vehicles are responsible for nearly 29 percent of pollution. India is one of the largest car markets in the world but that market is on the brink of a transformation. The Government of India is promoting electric mobility in a big way and the Department of Science and Technology (DST) is working towards technological solutions through R&D efforts with industry and R&D laboratories to realize the electric dream of 400 million customers by the year 2030. *Grow Your Business Register Your Startup Here* *Environmental benefits* One of the biggest advantages of driving electric is the improvement it can make to the environment we live in. Pure electric vehicles have no tailpipe, so they don’t emit any exhaust gases, which reduces local air pollution particularly in congested cities. Electric vehicle are an attractive solution for councils challenged to clean up air quality to improve their residents’ health and quality of life. In india’s electric vehicle (EV) market is estimated to be a Rs. 50,000 crore (US$ 7.09 billion) opportunity by 2025, with two- and three-wheelers expected to drive higher electrification of the vehicles. In 2020, India was the fifth-largest auto market, with ~3.49 million units combined sold in the passenger and commercial vehicles categories. It was the seventh largest manufacturer of commercial vehicles in 2019. The two wheelers segments dominate the market in terms of volume owing to a growing middle class and a young population. Moreover, the growing interest of the companies in exploring the rural markets further aided the growth of the sector. India is also a prominent auto exporter and has strong export growth expectations for the near future. In addition, several initiatives by the Government of India and major automobile players in the Indian market is expected to make India a leader in the two-wheeler and four-wheeler market in the world by end of this year (2021). *Worried About Your Startup Get Free Consultation* *Market Growth* Indian automobile exports stood at 1,419,430 units from April 2021 to June 2021 as compared to 436,500 units in April 2020 to June 2020. EV sales, excluding E-rickshaws, in India witnessed a growth of 20% and reached 1.56 lakh units in FY20 driven by two wheelers. According to NITI Aayog and Rocky Mountain Institute (RMI) India’s EV finance industry

Good News For Tax Payers, Govt. Extends Due Date Of All Taxes Under The Income Tax Act,

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background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”true” last=”false” margin_bottom=”86px” padding_right=”114px”][fusion_sharing tagline=”” tagline_color=”#5e5e5e” backgroundcolor=”” title=”How To Download Udyam Registration Certificate Online In Just 2 Minutes.” link=”https://www.mydreamconsultant.com/download-udyam-registration-certificate-online-in-just-2-minutes/” description=”SG93IFRvIERvd25sb2FkIFVkeWFtIFJlZ2lzdHJhdGlvbiBDZXJ0aWZpY2F0ZSBPbmxpbmUgSW4gSnVzdCAyIE1pbnV0ZXMu” icons_boxed=”yes” 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type=”1_2″ layout=”2_3″ spacing=”3%” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”rgba(239,239,239,0)” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”false” last=”false”][fusion_imageframe image_id=”2768|full” max_width=”” style_type=”glow” blur=”14″ stylecolor=”#0a0026″ hover_type=”none” bordersize=”0″ bordercolor=”” borderradius=”” align=”none” lightbox=”no” gallery_id=”” lightbox_image=”” lightbox_image_id=”” alt=”” link=”” linktarget=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]https://www.mydreamconsultant.com/wp-content/uploads/2021/09/ITR-update.png[/fusion_imageframe][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””] The extension of e-filing comes after taxpayers reported difficulties in filing these forms online The Finance Ministry on Sunday extended the deadlines for e-filing of various forms that come under the Income-Tax Act, 1961 after taxpayers reported difficulties in filing these forms online. “On consideration of difficulties reported by the taxpayers and other stakeholders in electronic filing of certain Forms under the provisions of the Income-tax Act,1961 read with Income-tax Rules,1962 (Rules), Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for electronic filing of such Forms,” the Ministry said in a statement. Meanwhile, the income tax return (ITR) filing deadline for FY 2020-21 for individuals has already been extended to September 30, 2021, from its earlier usual deadline of July 31, 2021. You Must File ITR Within the Due Date or Pay a Late Fee of Rs 5000 Individual taxpayers, pay attention, please. You must file your Income Tax Return on or before September 30 or you will have to pay a late fee of Rs 5000. The Central government recently extended the deadline for ITR filing to September 30 due to the COVID pandemic. However, ​if an individual taxpayer fails to file ITR within the due date, then they will have to pay interest on the tax due, according to Income Tax Department. As per section 234F, late filing fees of Rs 5,000 shall be payable if return furnished after the due date specified under section 139(1). However, the amount of late filing fees to be paid shall be Rs 1,000, if the total income of the person does not exceed Rs 5 lakhs. Income Tax Return: Here’s how to file it: 1. First, you need to go to the official website  https://www.incometax.gov.in for e-filing the return of income. 2. Then, you will have to log in to the e-Filing portal by entering user ID (PAN), Password, Captcha code and click ‘Login’. 3. After that, you will have to click on the ‘e-File’ menu and click the ‘Income Tax Return’ link. 4. On the Income Tax Return Page: PAN will be auto-populated. Select ‘Assessment Year’, Select ‘ITR Form Number’, Select ‘Filing Type’ as ‘Original/Revised Return, ‘Select ‘Submission Mode’ as ‘Prepare and Submit Online 5. Click on Continue. 6. Then you will have to read the instructions carefully and fill all the applicable and mandatory fields of the online ITR form. 7. Choose the appropriate Verification option in the ‘Taxes Paid and Verification’ tab. 8. Click on the ‘Preview and Submit’ button, Verify all the data entered in the ITR. 9. ‘Submit’ the ITR. For More Help Our Consultant Available Any Time For You. Please Click Here To Get Conlustataion About ITR Return [/fusion_text][fusion_separator style_type=”default” sep_color=”rgba(239,239,239,0)” border_size=”0″ icon=”” icon_circle=”” icon_circle_color=”” alignment=”center” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” /][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””][/fusion_text][fusion_content_boxes layout=”icon-with-title” columns=”1″ heading_size=”2″ iconspin=”no” icon_align=”left” animation_direction=”left” animation_speed=”0.3″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” /][fusion_social_links icons_boxed=”” icons_boxed_radius=”” color_type=”brand” icon_colors=”” box_colors=”” tooltip_placement=”” blogger=”” deviantart=”” digg=”” dribbble=”” 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link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”false” last=”true” padding_left=”0px”][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=””] India’s Leading and Experienced MSME Registering Experts… Get Your Own Msme Registered In Just One Day [/fusion_text][fusion_widget_area name=”avada-blog-sidebar” title_size=”1.5rem” title_color=”” background_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” padding_top=”2%” padding_right=”2%” padding_bottom=”0″ padding_left=”2%” /][fusion_separator style_type=”default” sep_color=”#ffffff” border_size=”25″ icon=”” icon_circle=”” icon_circle_color=”” alignment=”center” 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Benefits Of Startup India Scheme.

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animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”false” last=”false”][fusion_imageframe image_id=”2690|full” max_width=”” style_type=”glow” blur=”14″ stylecolor=”#0a0026″ hover_type=”none” bordersize=”0″ bordercolor=”” borderradius=”” align=”none” lightbox=”no” gallery_id=”” lightbox_image=”” lightbox_image_id=”” alt=”” link=”” linktarget=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]https://www.mydreamconsultant.com/wp-content/uploads/2021/07/STARTUP-INDIA-IMAGE.jpg[/fusion_imageframe][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]   In this blog, we will be discussing about how to do a startup in India and how we apply for this:- A start-up is defined as a company or a project initiated by an entrepreneur to seek, develop, and validate a scalable business model. Entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to become registered, whereas startups refer to the new businesses that intend to grow large beyond the solo founder. 1.STARTUP STATS IN INDIA:- Did you know that India is the 3rd largest startup ecosystem in the world India is expected to witness year-over-year growth of a consistent 13-15%. The Indian government defines a startup as an entity less than seven years young with an annual turnover of less than 250 million rupees and headquartered in India. 2.STARTUP ANNOUNCEMENT AND AMENDMENT:- Our beloved PM Narendra Modi announced the Start-up India campaign in 2016 to promote and encourage entrepreneurship. This mainly revolves around financing, incorporation, tax exemptions etc, to ease the functioning of startups. With these benefits being provided by the Government, the majority of the start-ups have young owners, this shows the diversity and volumes of talents that India has. According to the revised announcement on 23rd May 2017, an organization will be considered as a Startup, if it is incorporated in India as a • private limited company (as defined in the Companies Act, 2013). • partnership corporation (registered under section 59 of the Partnership Act, 1932). • limited liability partnership (under the Limited Liability Partnership Act, 2008). What Are The Eligibility Criteria For Startup Registration In India? 1. 1.Being incorporated or registered in India for less than seven years and for biotechnology startups up to 10 years from its date of incorporation. 2. 2.Annual turnover not exceeding Rs 100crores in any of the preceding financial years. 3. 3.Aims to work towards innovation, development, deployment, or commercialization of new products, processes, or services driven by technology or intellectual property. 4. 4.It is not formed by splitting up or reconstruction of a business already in existence. 5. 5.It can be incorporated as a private limited company, a registered partnership firm, or a limited liability partnership. What Are The Benefits Of Startup India Scheme? This scheme supports Startups by providing various benefits to the registered entity. The benefits include financial as well as non-financial benefits. To register under this scheme the entity must fulfill the criteria specified. • Tax Exemption • Tender Participation • Govt. Funding Opportunity • Participate in various Govt. Scheme • Participate Startup Grand Challenges • IPR Govt. Fee Concession50-80% • Self Certifications • Easy Winding up • Connect Networks • GEM Portal Seller Registration and Bid     Documents required for a startup registration in India: 1. Certificate of Incorporation / Registration Certificate and PAN 2. Email ID and Mobile number 3. Company Details ( Industry, Sector, Category, Regd. Office Address etc) 4. Directors/Partners Details ( Name, Photo, Gender, Mobile No. Email ID, Full Address) 5. Details of Authorised Representative ( Name, Designation, Mobile No. Email ID) 6. A Brief about business and products/services and notes on innovations 7. Revenue model and Uniqueness of the Product 8. Website/Pitch Deck/Video/Patent ( anyone)   Are you looking for Company Registration in India? MyDreamConsultant India’s fastest growing destination for “Online Legal Services”.We will guide you in getting all necessary documents and registration required to get Trademark Registration in India, Please click on the below link to connect with our team of experts for free consultation of trademark search. Apply for Company Registration. [/fusion_text][fusion_separator style_type=”default” sep_color=”rgba(239,239,239,0)” border_size=”0″ icon=”” icon_circle=”” icon_circle_color=”” alignment=”center” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” /][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””][/fusion_text][fusion_content_boxes layout=”icon-with-title” columns=”1″ heading_size=”2″ iconspin=”no” icon_align=”left” animation_direction=”left” animation_speed=”0.3″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” /][fusion_social_links icons_boxed=”” icons_boxed_radius=”” color_type=”brand” icon_colors=”” box_colors=”” tooltip_placement=”” blogger=”” deviantart=”” digg=”” dribbble=”” dropbox=”” facebook=”https://www.facebook.com/MY-DREAM-Consultant-102829418000245/” flickr=”” forrst=”” instagram=”https://www.instagram.com/mydreamconsultant/” linkedin=”” myspace=”” paypal=”” pinterest=”” reddit=”” rss=”” skype=”” soundcloud=”” spotify=”” tumblr=”” twitter=”https://twitter.com/MYDREAMCONSULT2″ vimeo=”” vk=”” whatsapp=”https://api.whatsapp.com/send?phone=918764369079&text=” xing=”” yahoo=”” yelp=”” youtube=”https://www.youtube.com/channel/UCdOZs17rpwXfoA6yT3VWzrA” email=”” show_custom=”no” custom_5=”tel:+918764369079″ alignment=”center” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” /][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=””] Follow us On Social Media [/fusion_text][fusion_sharing tagline=”” tagline_color=”” backgroundcolor=”” title=”How To Download Udyam Registration Certificate Online In Just 2 Minutes.” link=”https://www.mydreamconsultant.com/download-udyam-registration-certificate-online-in-just-2-minutes/” description=”SG93IFRvIERvd25sb2FkIFVkeWFtIFJlZ2lzdHJhdGlvbiBDZXJ0aWZpY2F0ZSBPbmxpbmUgSW4gSnVzdCAyIE1pbnV0ZXMu” icons_boxed=”yes” icons_boxed_radius=”50%” color_type=”brand” icon_colors=”” box_colors=”” tooltip_placement=”bottom” pinterest_image=”” pinterest_image_id=”” hide_on_mobile=”small-visibility,medium-visibility” class=”” id=”” /][fusion_text columns=”1″ column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” hide_on_mobile=”small-visibility,medium-visibility” class=”” id=”” dynamic_params=”e30=”] Share This Post on Social Media [/fusion_text][/fusion_builder_column][fusion_builder_column type=”1_3″ layout=”1_3″ spacing=”3%” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″

43rd GST COUNCIL MEETING IMPORTANT ASPECTS?

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background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”true” last=”false” margin_bottom=”86px” padding_right=”114px”][fusion_sharing tagline=”” tagline_color=”” backgroundcolor=”” title=”How To Download Udyam Registration Certificate Online In Just 2 Minutes.” link=”https://www.mydreamconsultant.com/download-udyam-registration-certificate-online-in-just-2-minutes/” description=”SG93IFRvIERvd25sb2FkIFVkeWFtIFJlZ2lzdHJhdGlvbiBDZXJ0aWZpY2F0ZSBPbmxpbmUgSW4gSnVzdCAyIE1pbnV0ZXMu” icons_boxed=”yes” icons_boxed_radius=”” color_type=”brand” icon_colors=”” box_colors=”” tooltip_placement=”” pinterest_image=”” pinterest_image_id=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” /][/fusion_builder_column][fusion_builder_column type=”1_2″ layout=”2_3″ spacing=”3%” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”rgba(239,239,239,0)” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”false” last=”false”][fusion_imageframe image_id=”2615|full” max_width=”” style_type=”glow” blur=”14″ stylecolor=”#0a0026″ hover_type=”none” bordersize=”0″ bordercolor=”” borderradius=”” align=”none” lightbox=”no” gallery_id=”” lightbox_image=”” lightbox_image_id=”” alt=”” link=”” linktarget=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]https://www.mydreamconsultant.com/wp-content/uploads/2021/05/gst-mage.jpg[/fusion_imageframe][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””] 43rd GST COUNCIL MEETING IMPORTANT ASPECTS? Finance Minister Mrs. Nirmala Sitharaman announced on Friday that in order to provide relief to small taxpayers, the GST Council has recommended an amnesty scheme for reducing late fee payable in these cases. 1. Amnesty Scheme:- In order to provide relief to the taxpayers, the late fee for not filing Form GSTR-3B for the tax periods from July 2017 to April 2021 has been reduced. Late fee has been limited to a maximum of Rs 500 (Rs. 250 each for CGST and SGST) per return for taxpayers who did not have any liability for the stated tax periods.(Nil Return). late fee has been limited to a maximum of Rs 1,000 (Rs 500 each for CGST and SGST) per return for other taxpayers having tax liability for the stated tax periods. Period of filling return:- 01.06.2021-31.08.2021. ???? Example: Assume Your 8 months return is pending, So late fee is 20 x 30days x 8month = 4800₹ P.M & it will be decreased month wise. So at the end of time you have to pay total 21,600 rs in #Normal Scheme. Where In #AmnestyScheme For nil returns total penalty is maximum 500₹. per month. So your late fees is 500₹ per month according to 8 month it is 4000₹. So you have #save total 17,600₹ & It is really a good money for you. Get Filed Your GST Return @99 Rs. Only* —-! Click Here !—- #Other Benefits :- 2.RELEXATION IN LATE FEES:- Late fee also rationalised for future tax periods. 3.COVID-19 RELIEF:- COVID-19 related goods such as medical oxygen, oxygen concentrators and other oxygen storage and transportation equipment, certain diagnostic markers test kits and COVID-19 vaccines, etc and Black Fungus related goods are also expemted under igst till 31.08.2021. 4. Simplification of Annual Return for Financial Year 2020-21:- The filing of annual return in FORM GSTR-9 / 9A for FY 2020-21 to be optional for taxpayers having aggregate annual turnover upto Rs 2 Crore(Not Mandatory). The reconciliation statement in FORM GSTR-9C for the FY 2020-21 will be required to be filed by taxpayers with annual aggregate turnover above Rs 5 Crore. 5. Extension of due date of filing various returns:-Due date extension must be read in attach press relase. Are you looking for Company Registration in India? #MyDreamConsultant India’s fastest growing destination for “Online Legal Services”.We will guide you in getting all necessary documents and registration required to get Trademark Registration in India, Please click on the below link to connect with our team of experts for free consultation of trademark search. Apply for Company Registration. 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filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”false” last=”true” padding_left=”0px”][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=””] India’s Leading and Experienced MSME Registering Experts… Get Your Own Msme Registered In Just One Day [/fusion_text][fusion_widget_area name=”avada-blog-sidebar” title_size=”1.5rem” title_color=”” background_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” padding_top=”2%” padding_right=”2%” padding_bottom=”0″ padding_left=”2%” /][fusion_separator style_type=”default” sep_color=”#ffffff” border_size=”25″ icon=”” icon_circle=”” icon_circle_color=”” alignment=”center” 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