Business News India

Tuesday, 3 October 2017

Commerce ministry to Align Foreign Trade Policy With GST

The commerce ministry will come out with a notification to align the foreign trade policy (FTP) with the provisions of the Goods and Services Tax (GST), which will be rolled out from July 1.
The ministry will have to come out with a notification as it has not been able to revise the FTP as was planned earlier. How to apply for gst registration
In a statement, it said that the ministry will release the reviewed FTP in September and not before the GST rollout as was being planned.
It was announced earlier that the mid-term review of FTP would be released before July 1 to align it with the rollout of Goods and Services Tax (GST). GST consultants.

For more information visit at: https://goo.gl/QJjNcf

Procedure For Company Incorporation In India

Types of Business Entities in India

Types of Companies in India - Types of Corporate Entities in India - Types of Legal Entities in India - Options for Foreign Investors Doing Business in India

In India, the following types of business entities are available:

Private Limited Company

We provide consistent services in Private Limited Company Formation in India. We follow well defined service plan and are supported by professionals holding rich industry experience. Incorporation of Company in India includes Private Limited Company Incorporation, Company Registration India. Moreover, we also emphasize on every detail while maintaining close proximity with clients regarding best legal advice. Private Limited Company is the most prevalent and popular type of corporate legal entity in India. Private limited company registration is governed by the Companies Act, 2013 and the Companies Incorporation Rules, 2014. To register a private limited company, a minimum of two shareholders and two directors are required. A natural person can be both a director and shareholder, while a corporate legal entity can only be a shareholder. Further, foreign nationals, foreign corporate entities or NRIs are allowed to be Directors and/or Shareholders of a Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.

For more information See: Private Limited Company

Public Limited Company

Brooks Consulting have rich experience in providing services for Formation of a limited Company , Incorporation of Company in India, Online Company Registration in India and Company Registration in Delhi India. As per the governing rules, a ‘Company’ can be registered/setup up in India Formation of public limited where the Incorporation of Company formalities all over India is the same.

For more information See: Public Limited Company

Read more information visit at: https://goo.gl/JNNs5i

Payroll Management Services

More than only standard accounting and tax filling services, Brooks Consulting helps in corporate tax filings and annual returns for the companies. We work closely with all our clients as we firmly believe that clear understanding of their business goal is crucial to impart the best payroll management services.
Which system and procedures should be used to effectively deal with your company’s tax commitments? Where do you start? Tax management is daunting and risky undertaking at the best of times but these days businesses also need to combat with economic uncertainty and ever-changing regulatory oversight. Making sure that you have the right workforce in place and are employing the latest technologies to effectively manage your tax obligations, is not an easy task, especially if tax management is not the core job of your company. What’s more, tax deduction is different to different companies, depending on their divergent responsibilities within a company but one thing is certain it can relief even distressing financial burdens that can impede a company’s development. Also, if you are doing business in Europe, you need to make adjustments in compliance with European law. Fortunately, at Brooks Consulting, we can help you answer these tax-related questions. Payroll processing company.

Read more information visit at: https://goo.gl/QJjNcf

Wednesday, 13 September 2017

Aadhaar Linking: 4 Deadlines That You Can't Afford To Miss

Aadhaar, the 12-digit unique identity number issued by the Unique Identification Authority of India (UIDAI), has to be mandatorily linked to your mobile phones, permanent account number or PAN, mobile phones and is also to be shared with financial institutions and has to be submitted to avail the various social security schemes. There are different deadlines for each of these.

1. Aadhaar PAN Link: Deadline December 31, 2017
The CBDT (Central Board of Direct Taxes) has extended the last date for linking of Aadhaar with PAN "to facilitate ease of compliance by the taxpayers". The new deadline is December 31, 2017, while the former one was August 31, 2017.
Linking Aadhaar-PAN is mandatory for processing of income tax returns (ITRs) for assessment year 2017-18.

2. Aadhaar Mobile Phone Link: Deadline is February, 2017
All mobile phone numbers not linked with Aadhaar will be deactivated after February 2018, according to a report by news agency Indo-Asian News Service (IANS) citing sources.
That means mobile phone service users will have to link their Aadhaar numbers with mobile numbers. Telecom companies had been earlier instructing users to start the process of linking Aadhaar with phone numbers.

3. Aadhaar financial institutions, banks link: December 31, 2017
The government has made it mandatory for all banks and financial institutions to mention the Aadhaar details of clients in the KYC (Know your Customer) document. A KYC document basically provides all the details that authenticate the identity of a user. People who have taken loans are also supposed to file their Aadhaar details. If you fail to link it with your bank account by December 31 this year, it may even become inoperable.

4. Aadhaar Details For To avail Social Security Schemes: December 31, 2017
Your 12-digit Unique Identity Number has to be provided for all social security schemes by December 31, 2017. In order to avail your pension, LPG cylinders or government scholarships, one must provide his Aadhaar card details.

Source:http://www.msn.com/en-in/money/topstories/aadhaar-linking-4-deadlines-that-you-cant-afford-to-miss/ar-AArSiq7?li=AAggbRN&ocid=iehp

Tuesday, 5 September 2017

Budget session: PM Modi Hopes For Breakthrough on GST.

As the Budget session of Parliament resumed today, Prime Minister Narendra Modi hoped there will be a breakthrough on the Goods and Services Tax (GST) bill and that issues will be discussed in a democratic manner.
“We hope that there will be a breakthrough on the GST because all states have positively cooperated. All political parties have also extended cooperation in a positive way,” he told reporters outside Parliament. How to apply for GST registration

The second leg of the Budget session resumed today after about a month-long recess.
“We are meeting after a break and the budget proposals will be discussed in details,” he said.
Hoping for a healthy debate in the House, the Prime Minister said, “I believe that the level of discussion will go to a higher level. Attention will be drawn towards the issues related to the poor people.” New GST registration

For more information visit at: https://goo.gl/1FwUPP

India's GDP growth seen picking Up to 6.6 PCT But GST Fogs Outlook

India economic process probably accelerated to six.6 p.c within the quarter simply concluded, however analysts polled by Reuters are sounding more and more distressed that confusion over a replacement product and services tax can dampen activity in coming back months.
The forecast, from a survey of over forty economists condemned the past week, compares with growth of 6.1 p.c within the initial 3 months of the year, the slowest pace in 2 years. The vary of forecasts was wide from five.7 p.c to seven.2 percent. company registration in Delhi.
It would leave Asia's third-largest economy behind China, that last reportable growth of half dozen.9 percent; however still among the worlds prime playacting economies.

Prime Minister Narendra Modi's government shocked the country last November by scrapping high-value banknotes, wiping out regarding eighty six p.c of money in circulation, that crimped client demand in a very preponderantly cash-reliant economy.company formation in Delhi.

For more information visit at: https://goo.gl/jiFTBH

Payroll services For Expatriates

With so many businesses operating on an international level, the number of employees going abroad for the work is proportionately increasing. Managing an expat payroll is indeed an additional payroll accounting challenges; however, it is pivotal to keep international business moving effectively for both employers and workers alike. Whether you are currently running an expat payroll or simply looking for the expansion in the future, Brooks Consulting can provide you with the right candidate. Outsourcing payroll processing

Whether you’re have a multinational company or a sole trader, our glorious years of experience enables us to impeccably review your business structure and make viable recommendations in order to ensure that you perfectly maximize the efficiency of your worldwide operations. Our online Payroll management services will manage it all by :-

For more information visit at: https://goo.gl/S3ptGJ