Saturday, April 13, 2019

Creative Company Registration & Incorporation, Formation in Jharkhand India

Creative Company Registration & Incorporation, Formation in Jharkhand India

Get Innovative Company Registration & Formation, Incorporation, Setup Services in Jharkhand India

Companysetupindia is a leading company registration and incorporating, Register Opening services in Jharkhand India. It has an innovative professional CA Team who manages the client’s project and fast grow their business in the global market. We offer quick and reliable company registration and formation, register services with Hassle free help to establish, start, register,  incorporate, opening, Set up, Set-up, Pvt. Ltd. Co., LLP, LLC,  PLC, OPC, PTE, Process, Procedure & FAQ reliable, quick and expert consultants, at cheap, lowest at affordable cost and price
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7) How to register a company name
8) One person company registration
9) Private Limited Company Registration
10) Public Limited Company Registration
11) Section 8 Company Registrations
12) Producer Company Registration
13) Non- Banking financial Co. Registration
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18) Ready Made Company Registration
19) Winding up/ Closure of a Co. Registration

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Friday, April 12, 2019

Get Professional Company Setup & Register, Incorporation, Formation Services Nagaland India



Get Professional Company Setup & Register, Incorporation, Formation Services Nagaland 

Companysetupindia is a leading Company Registration and Setup, Incorporation, Formation in Nagaland India. They have well qualified to professional Chartered Accountants Team who does follow an innovative method to develop new business fully capable of client’s business step to step grow on a top level.  We are offering affordable company registration and Opening, Set up, Set-up, Pvt. Ltd. Co., LLP, LLC, PLC, OPC, PTE, Process, Procedure & FAQ, reliable, quick and expert consultants Services in Nagaland India.
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7) Private Limited Company Firm Registration in Nagaland
8) Nidhi Company Registration in Nagaland
9) Online Company Registration in Nagaland India
10) LLP Company Registration in Nagaland
11) PLC Company Registration in Kohima
12) New Company Registration in Kohima
13) Trademark Registration

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Wednesday, April 10, 2019

Get Professional Company Setup & Registration, Incorporation, Open, Register Services in India



Companysetupindia is a leading company registration and GST registration, formation, incorporation service providers company in Delhi NCR India. It has well CA professionals Team. It provides end to end clients business solutions all over India. We offer affordable company setup and register, open, opening, incorporation services with highly CA Professional Consultants any types of business such as DIN, DSC, MOA, AOA, COI, CIN, PAN, TAN, Digit Sign, Trademark Registration, ISO Certification, ROC Return Filing services in India.

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Friday, March 8, 2019

Company Registration, Open, Setup, Incorporation, Formation, Register, Process, Opening in Delhi India



Quick and Reliable Company Registration in Delhi India

CompanySetupIndia is a leading company registration and incorporating, Register, Opening services in Delhi India. We offer Quick and Reliable company registration, formation, Register services with Hassle free help to establish, start, register, incorporate private - public limited business any where in Delhi India. Opening, Set up, Set-up, Pvt. Ltd. Co., LLP, LLC, PLC, OPC, PTE. Process, Procedure & FAQ -companysetupindia, reliable, quick and expert consultants, at cheap, lowest at affordable cost and price.

There are following top Company Setup India Services in below lines:

1) Free company registration in India
2) pvt ltd company registration fees
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7) How to register a company name
8) One person company registration
9) Private Limited Company Registration
10) Public Limited Company Registration
11) Section 8 Company Registration
12) Producer Company Registration
13) Non- Banking financial Co. Registration
14) Nidhi Company Registration
15) Chit Fund Company Registration
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Wednesday, February 20, 2019

Company Registration, Open, Setup, Incorporation, Formation, Register, Process, Opening in Dadra Nagar Haveli India


Company Registration, Open, Setup, Incorporation, Formation, Register, Process, Opening in Dadra Nagar Haveli India

A leading Company Registration and Opening, Register, Incorporating, Formation, Incorporation Anywhere in Dadra and Nagar Haveli India. Step by step online assistance during incorporation process in easy, fast  & simple method. Hassle free help to establish, start, register, incorporate private - public limited business any where in Dadra and Nagar Haveli India. Opening, Set up, Set-up, Pvt. Ltd. Co., LLP, LLC, PLC, OPC, PTE. Process, Procedure & FAQ -companysetupindia, reliable, quick and expert consultants, at cheap, lowest at affordable cost and price.

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2) Private Limited Company
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14) Company Formation in Dadra Nagar Haveli India

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Monday, February 18, 2019

Company Registration, Open, Setup, Incorporation, Formation, Register, Process, Opening in Chandigarh India

Company-Registration-in-Chandigarh-India
Company Registration, Open, Setup, Incorporation, Formation, Register, Process, Opening in Chandigarh India

Company Registration, Open, Setup, Incorporation, Formation, Register, Process, Opening in Chandigarh India

Company Setup India is a leading Company Registration and Register, Incorporate, Open, Opening, Formation, Setup, Start,Process, Procedure, FAQ, in Chandigarh India. Step by step online assistance during incorporation process in easy, fast  & simple method. Hassle free help to establish, start, register, incorporate private - public limited business any where in Chandigarh India. Opening, Set up, Set-up, Pvt. Ltd. Co., LLP, LLC, PLC, OPC, PTE. Process, Procedure & FAQ -companysetupindia, reliable, quick and expert consultants, at cheap, lowest at affordable cost and price.

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2) How to register a private limited company in Chandigarh
3) Company Registration in Punjab
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6) Company Registration Service in Chandigarh India
7) How to Register a Startup Company in Chandigarh
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11) corporate bhawan roc Chandigarh
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Saturday, February 16, 2019

Company Registration, Open, Setup, Incorporation, Formation, Register, Process, Opening in Bihar India | +91-9953810054

Company-Registration-in-Bihar-India
Company Registration, Open, Setup, Incorporation, Formation, Register, Process, Opening in Bihar India

Company Registration, Open, Setup, Incorporation, Formation, Register, Process, Opening in Bihar India

Company Setup India is a leading Company Registration, Formation and Register, Incorporation, Setup, Open in Bihar India. Step by step online assistance during incorporation process in easy, fast  & simple method. Hassle free help to establish, start, register, incorporate private - public limited business any where in Bihar India. Opening, Set up, Set-up, Pvt. Ltd. Co., LLP, LLC, PLC, OPC, PTE, Process, Procedure & FAQ -companysetupindia, reliable, quick and expert consultants, at cheap, lowest at affordable cost and price.

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2) How to register a private limited company in Bihar
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5) Process for How to Register a Pvt Ltd?
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Company Registration, Open, Setup, Incorporation, Formation, Register, Process, Opening in Assam India | +91-9953810054


Company Registration, Open, Setup, Incorporation, Formation, Register, Process, Opening in Assam India | +91-9953810054

Company Setup India is a Top Company Registration, Formation and Register, Setup in Assam India. Step by step online assistance during incorporation process in easy, fast  & simple method. Hassle free help to establish, start, register, incorporate private - public limited business any where in Assam India. Opening, Set up, Set-up, Pvt. Ltd. Co., LLP, LLC, PLC, OPC, PTE. Process, Procedure & FAQ -companysetupindia, reliable, quick and expert consultants, at cheap, lowest at affordable cost and price.

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Thursday, February 14, 2019

Company Registration, Open, Setup, Incorporation, Formation in Arunachal Pradesh India




Company Setup India is a leading Company Registration, Formation and register, incorporation, open in Arunachal Pradesh India. Step by step online assistance during incorporation process in easy, fast  & simple method. Hassle free help to establish, start, register, incorporate private - public limited business any where in Arunachal Pradesh India. Opening, Set up, Set-up, Pvt. Ltd. Co., LLP, LLC, PLC, OPC, PTE. Process, Procedure & FAQ -companysetupindia, reliable, quick and expert consultants, at cheap, lowest at affordable cost and price.

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Friday, February 8, 2019

One Person Company (OPC) Registration


One Person Company (OPC) Registration

The concept of One Person Company in India was introduced through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. One of the biggest advantages of a One Person Company (OPC) is that there can be only one member in a OPC, while a minimum of two members are required for incorporating and maintaining a Private Limited Company or a Limited Liability Partnership (LLP). Similar to a Company, a One Person Company is a separate legal entity from its promoter, offering limited liability protection to its sole shareholder, while having continuity of business and being easy to incorporate.

Though a One Person Company allows a lone Entrepreneur to operate a corporate entity with limited liability protection, a OPC does have a few limitations. For instance, every One Person Company (OPC) must nominate a nominee Director in the MOA and AOA of the company - who will become the owner of the OPC in case the Sole Director is disabled. Also, a One Person Company must be converted into a Private Limited Company if it crosses an annual turnover of Rs.2 crores and must file audited financial statements with the Ministry of Corporate Affairs at the end of each Financial Year like all types of Companies. Therefore, it is important for the Entrepreneur to carefully consider the features of a One Person Company prior to incorporation.

CompanySetupIndia is the market leader in company registration services in India, offering a variety of company registration like private limited company registration, one person company registration, Nidhi Company Registration, Section 8 Company Registration, Producer Company Registration and Indian Subsidiary registration. The average time taken to complete a one person company registration is about 10 - 15 working days, subject to government processing time and client document submission. Get a free consultation for one person company registration and business setup in India by scheduling an appointment with an CompanySetupIndia Advisor.

There are following Services in below States Such As:
One Person Company Registration in New Delhi india
One Person Company Registration in Uttar Pradesh
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One Person Company Registration in Tamil Nadu
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One Person Company Registration in Andhra Pradesh

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Contact Us | Company Setup India | 316-317, Vats Market, Pitampura, New Delhi-110034 | T: +91-11-41117200, | M: 9953810054 | E: info@companysetupindia.com



Company Formation, Registration, Incorporation and Setup Services in Andaman and Nicobar Islands


Company Setup India is a Easy Company Registration - Formation in Andaman and Nicobar Islands India. Step by step online assistance during incorporation process in easy, fast  & simple method. Hassle free help to establish, start, register, incorporate private - public limited business any where in Andaman and Nicobar Islands India. Opening, Set up, Set-up, Pvt. Ltd. Co., LLP, LLC, PLC, OPC, PTE. Process, Procedure & FAQ - companysetupindia, reliable, quick and expert consultants, at cheap, lowest at affordable cost and price.

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6) Limited Liability Company Registration in Andaman and Nicobar Islands
7) Private Limited Company Firm Registration in Andaman and Nicobar Islands
8) Nidhi Company Registration in Andaman and Nicobar Islands
9) Online Company Registration in Andaman and Nicobar Islands
10) LLP Company Registration Online in Andaman and Nicobar Islands
11) PLC Company Registration in Andaman and Nicobar Islands
12) New Company Registration in Andaman and Nicobar Islands

Contact Us | Company Setup India | 316-317, Vats Market, Pitampura, New Delhi-110034 | T: +91-11-41117200, | M: 9953810054 | E: info@companysetupindia.com | W: www.companysetupindia.com

RBI Move to Regulate ePayments may Secure, Stabilise Ecosystem


The central bank on Thursday said it is examining the possibility of bringing payment gateway operators under its direct regulatory ambit, a move that industry players said will make the digital payments ecosystem more secure and stable. “We are considering the feasibility of directly regulating these payment operators…given their growing importance in the payment systems of the country, we deem such a step to be important,” Reserve Bank of India governor Shaktikanta Das said during his monetary policy speech. The RBI said it will soon publish a draft of the regulatory guidelines for stakeholder consultations.

Mint Road and New Delhi have been in talks for some time now to come up with a comprehensive regulatory solution for the burgeoning payment systems in the country, which is riding the growth of ecommerce and m-commerce transactions. Meanwhile, issues ranging from the fees that businesses pay for accepting digital payments to grievance redressal for failed transactions and even distinction of the types of payment gateway entities have emerged as major points of contention among the payment firms, banks and their customers. The payments industry expects the RBI to address these issues in the consultation paper. “The digital payments space has attracted a large number of players over the last few years, hence it is necessary to evolve some sort of a regulatory mechanism to ensure serious players with sound finances remain here,” said Anand Ramachandran, CFO at Ingenico ePayments India, one of the oldest payment gateway companies.

The space has evolved so much that it needs regulatory attention urgently, said Harshil Mathur, CEO of payment startup Razorpay. “There is only self-regulation of sorts in our industry since we mostly have to abide by rules set by our partner banks which also differ widely. Common RBI guidelines will help bring standardisation to the space.” Industry sources pointed out that since the RBI encouraged the companies to bring in innovations in the retail payments space, multiple players have emerged. While this has helped connect a large number of small merchants who would otherwise not be serviced by big players, it has also caused a threat to the ecosystem. Many so-called payment companies are just bringing in a technology layer over the gateway entity and not making settlements directly through a nodal bank account. In case of a failure in transaction, the merchant could be at risk of losing money, said industry executives. “Grievance redressal mechanism is of paramount importance in the payment gateway space,” said a top executive at one of the largest payment gateway entities in India.The security aspect around digital payments is also something that needs to be addressed, said Suresh Rajagopalan, president, software products business at FSS, which provides payment solutions to banks and others.

The Economic Times, 08th February 2019

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Wednesday, January 30, 2019

GST Tweak, Industry Status Top Realty Cos’ Budget Wishlist



Realty sector can be a driving force for creating jobs and GDP growth, says CREDAI. After being through the various structural changes and demand pressures over the past two years, the real estate sector is expecting the upcoming Interim Union Budget for 2019-20 to rationalise the Goods & Services Tax rates for under construction properties, further incentives for affordable housing, and convergence of stamp duties within the GST rates.

Given the sector’s linkages with other industries, contribution to the economy’s growth and support to job creation, most developers continue to reinforce a long pending demand of awarding industry status to the sector. “Boosting farm incomes and adding job opportunities are the twin tests for Union Budget 2019-20. Real estate and construction industry fit into the Budget 2019-20 scheme as the second largest employer after agriculture, and contribute close to 10% of GDP. Alignment of GST and personal income tax so as to boost home ownership is a strategic option that government may well consider exercising,” said CREDAI national president Jaxay Shah.

Despite the regulatory approval being in place for quite some time, REITs, a potent instrument of change in the real estate industry, have been held back. To make real estate investment trusts (REITs) more attractive for investors, experts are suggesting making it more tax-efficient for investors. “REITs have the potential to enhance the supply of commercial real estate — an enabler for the employment ecosystem. For unit holders, the long-term capital gains holding period for REIT units should be brought down from 3 years to 1 year,” said Shishir Baijal, chairman, Knight Frank India.

Given the liquidity pressure created by fears of defaults by realty developers and non-banking finance companies (NBFCs) following the IL&FS default in September 2018, experts are also seeking to re-finance NBFCs by raising their limits. “For the industry at large, one of the most critical steps that this budget can take is to increase the finance limits for NBFCs. NBFCs constituted more than 50% developer finance in 2018 as against 30% in 2011. The government must revive the sector by pumping in more money into NBFCs which lend to developers,” said Anuj Puri, chairman, ANAROCK Property Consultants.

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Saturday, January 19, 2019

GST Glossary and Goods & Services Tax (GST) | Definition



Goods and Services Tax (GST) Act deals with definitions, phrases, and expressions those are necessary to ensure proper implementation and interpretation of the law. Some of the major terms that are beneficial to businesses and consultants are compiled here.

Actionable Claim will have the significance assigned to it in section 3 of the Transfer of Property Act, 1882 (4 of 1882), which refers to a claim on any unsecured debt or any beneficial interest in movable property of the claimant.

Address of Delivery refers to the address of the recipient of goods and/or services indicated on the tax invoice issued by a taxable person for delivery of such goods and/or services.

Address on Record means the address of the recipient as noted in the files of the supplier. This may or may not be the same as the address of delivery.

Adjudicating Authority means any authority competent to pass any order or decision relating to the GST Act, but does not include the Central Board of Excise and Customs, the revision authority, authority for the advance ruling, and appellate authority for an advance ruling, appellate authority, or the appellate tribunal.

Aggregate Turnover means the total value of all taxable supplies, exempt supplies, exports of goods and/or services, and interstate supplies of a person having the same PAN, computed on the pan-India basis and excluding taxes. However, the value of inward supplies on which taxation is based on reverse-charge mechanism shall not be admitted.

Appellate Tribunal means the Goods and Services Tax Appellate Tribunal set up under section 109.

Application Service Providers (ASPs) are like GST Suvidha Providers (GSPs) but are more wholesome than GSPs. The support provided by ASPs will address most taxpayer compliance difficulties as they work as a liaison between the taxpayers and the GSPs.

Appropriate Government refers to the Central Government for IGST, UTGST and CGST, and the State Government for SGST.

Assessment means the determination of tax liability inclusive of self-assessment, re-assessment, provisional assessment, summary assessment, and best judgment assessment.

Capital Goods are goods that are capitalized in the books of accounts of the person claiming the credit and are intended to be used during business.

Casual Taxable Person is a person occasionally undertaking transactions involving the supply of goods and/or services during business, whether as principal, agent or in any other capacity, in a taxable territory where he has no fixed place of business.

CGST is the tax levied under the Central Goods and Services Tax Act, 2016.

Common Portal refers to the online GST portal approved by the Central and State Governments, on the recommendation of the council.

Composite Supply means a supply consisting of two or more goods and/or services, which are naturally bundled and provided together, one being a principal supply.

Consideration relates to the supply of goods or services involving:
·         Any payment made or to be made, whether in money or kind
·         Monetary value of any act or forbearance, whether or not voluntary
However, the subsidy given by the Central and/or State Governments are not included.

Council refers to the Goods and Services Tax Council set up under Article 279A of the Constitution.

Credit Note means a document issued by a taxable person in relation to the tax invoice exceeding the taxable value and/or tax payable in respect of supply, or where the goods supplied are returned by the recipient, or where the services supplied are found to be deficient.

Debit note means a document issued by a taxable person relating to the taxable value and/or tax charged as per the tax invoice when found to be less than the taxable value and/or tax payable in respect of such supply.

Digital signature Certificate (DSC) refers to a secure digital key that certifies the identity of the holder, issued by a Certifying Authority (CA). It typically holds information about the identity of the holder. It is the digital equivalent of a handwritten signature.

Electronic Commerce means the supply of goods and/or services including digital products over a digital or electronic network.

Exempt Supply means supply of any goods and/or services that are not taxable and includes such supply of goods and/or services that attract zero rate of tax or that may be exempt from tax per section 11.

Fixed establishment is a place, other than the place of business, that has a sufficient degree of permanence and suitable structure regarding human and technical resources as to supply/receive/use services for its own.

Forward charge means the tax liability of the supplier of goods and/or services to levy the tax on the recipient of the goods and/or services and to remit the same to the credit of the government.

Fund means the Consumer Welfare Fund set up under section 57 by the Central Government.
Goods refers to all types of movable property, including actionable claim, growing crops, grass, and things attached to the land that are agreed to be severed before supply or under a contract of supply. Excludes securities and money.

Goods and Services Tax Network (GSTN) is a non-profit, public-private partnership company. Its main purpose is to provide IT infrastructure and services to Central and State Governments, taxpayers, and other stakeholders to facilitate the implementation of GST.

GST Suvidha Provider (GSP) refers to third-party applications that assist the taxable person in accessing the GST portal in an enriched manner by being more user-friendly and customer-centred.

Harmonized System Nomenclature (HSN) Code is a numeral used to classify goods for taxation purposes provided by the World Customs Organization.

IGST means Integrated Goods and Services Tax Act, 2017. Integrated tax means the IGST levied under IGST Act, 2017.

Input Service Distributor means an office of the supplier of goods and/or services that receives tax invoices issued under section 31 toward the receipt of input services and issues a prescribed document for distributing the credit of CGST, SGST, UTGST and/or IGST paid for the said services.

Input Tax in relation to a registered fixed person, means the central tax, state tax, integrated tax or Union territory tax charged on any supply of goods or services or both made to him and includes:
ü  IGST Charged on the Import of Goods
ü  Tax payable under subsections (3) and (4) of section 9.
ü  Tax payable under subsections (3) and (4) of section 5 of the IGST Act.
ü  Tax payable under subsections (3) and (4) of section 9 of the respective SGST Act; or
ü  Tax payable under subsections (3) and (4) of section 7 of the UTGST Act.

However, it does not include the tax paid under the composition levy.
Input Tax Credit means the credit of input tax.

Intrastate Supply of Goods means the supply of goods during intrastate trade or commerce regarding subsection (1) of section 8 of IGST Act, 2017.

Intrastate Supply of Services means the supply of services during intrastate trade or commerce regarding subsection (2) of section 8 of IGST Act, 2017.

Invoice shall have the meaning as assigned to “Tax Invoice” as under section 31.

Inward Supply refers to the receipt of goods and/or services, whether by purchase, acquisition, or any other means, and with or without any consideration.

Job work means undertaking any treatment or process by a person on goods belonging to another registered taxable person.

Local Authority Means:
Ø  Panchayat as defined in clause (d) of Article 243 of the Constitution
Ø  Municipality as specified in clause (e) of Article 243P of the Constitution
Ø  A municipal committee, a zilla parishad, a district board, and any other authority legally entitled to or entrusted by the Central or any State Government with the control or management of a municipal or local fund
Ø  Cantonment board as defined in section 3 of the Cantonments Act, 2006 (41 of 2006)
Ø  Regional council or a district council formed under the Sixth Schedule to the Constitution
Ø  Development board formed under Article 371 of the Constitution
Ø  Regional council formed under Article 371A of the Constitution

Market value refers to the full amount that a recipient of supply would pay to obtain the goods and/or services of like kind and quality at or about the same time and at the same commercial level, where the recipient and supplier are not related.

Mixed Supply means two or more individual supplies of goods and/or services made together by a taxable person for a single price where such supply does not form a composite supply.

Non-Resident Taxable Person is someone who occasionally undertakes transactions involving the supply of goods and/or services, whether as principal or agent, or in any other capacity, but with no fixed place of business in India.

Output Tax means the CGST/SGST on taxable supply of goods and/or services made by a taxable person or by his agent. Excludes tax payable on a reverse-charge basis.

Outward Supply refers to the supply of goods and/or services, whether by sale, transfer, barter, exchange, licence, rental, lease, or disposal, or any other means made or agreed to be made during business.

Person includes:
1)      An individual
2)      A Hindu undivided family
3)      A company
4)      A firm
5)      A Limited Liability Partnership
6)      An association of persons or a body of individuals, whether incorporated or not, in India or outside India
7)      Any corporation set up by or under any Central, State, or Provincial Act or a government company as defined in section 2(45) of the Companies Act, 2013 (18 of 2013)
8)      A body corporate incorporated by or under the laws of a country outside India
9)      A cooperative society registered under any law relating to cooperative societies
10)  A local authority
11)  Central government or a State government.
12)  Society as defined under the Societies Registration Act, 1860 (21 of 1860)
13)  A trust
14)  Every artificial juridical person, not falling within any of the preceding sub-clauses

Place of Business Includes:
       I.            A place from where the business is ordinarily carried on, including a warehouse, a godown, or any other place where a taxable person stores his goods, or provides or receives goods and/or services
    II.            A place where a taxable person keeps his books of account
 III.            A place where a taxable person is engaged in business through an agent

Principal means a person on whose behalf an agent carries on the business of supply or receipt of goods and/or services.

Principal Place of Business means the location of business specified as the principal place of business in the certificate of registration.

Principal Supply means the supply of goods and/or services that form the significant element of a composite supply and any other related supply being ancillary.

Recipient of supply of goods and/or services means:
1.      Where the consideration is payable, the person liable to pay that consideration.
2.      Where no consideration is payable, the person to whom the goods and/or services are delivered/rendered or made available.

Includes an agent working on behalf of the recipient in relation to the goods and/or services provided.

Registered Importer refers to the importer registered per the provisions of Central Excise Rules, 2002.

Related Persons Include:
a)      Officers or directors of one another's business
b)      Legally recognised partners in business
c)      The employer and the employee
d)     Someone who directly or indirectly owns, controls, or holds 25 percent or more of the outstanding voting stock or shares of both
e)      One of them directly or indirectly controls the other
f)       A third person directly or indirectly controls both
g)      Together they directly or indirectly control a third person
h)      They are members of the same family

Removal in relation to goods means:
·         Dispatch of the goods for delivery by the supplier or by any other person acting on behalf of such supplier
·         Collection of the goods by the recipient or by any other person acting on behalf of such recipient

Return refers to any return prescribed or required to be furnished.

Reverse Charge means the tax liability on the recipient of the supply of goods and/or services instead of the supplier of such goods and/or services.

Securities shall mean as per subsection (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956).

Services means anything other than goods, money and securities but includes activities relating to the use of money or its conversion by cash or by any other mode, from one form, currency or denomination, to another form, currency or denomination for which a separate consideration is charged.

SGST means the State Goods and Services Tax Act, 2017. State tax means the tax imposed under SGST Act, 2017.

Supplier signifies the person providing the said goods and/or services and shall include an agent acting as such on behalf of such supplier about the goods and/or services provided.

Supply includes all forms of supply of goods and/or services such as sale, transfer, barter, exchange, license, rental, lease, or disposal made or agreed to be made for a consideration by a person in the course of business and also includes import of services for a consideration whether or not in the course of business.

Taxable Person is an individual who carries on any business at any place in any state of India and who is registered or required to be registered under GST.

Turnover in a State or in Union Territory means the aggregate value of all taxable supplies, exempt supplies, exports of goods and/or services made within a state or Union Territory.