Trademark is a symbol of your business.A trademark helps BUILD VALUEof your product/service/business. It helps distinguishes your product or services with others. If you have a trademark but not registered you cannot take legal action in case of infringement of your trademark by others. Trademark registration is an investment for your business as it helps you protect identity and prevent others from unauthorized use.
You are at the stage where your business is growing, public will recognize and remember it if you have a trademark. But having a trademark without registering the same will only create risk for you. With trademark registration available at such reasonable cost in today’s date, you should get your trademark registered to maximise protection and value.
To begin the trademark registration at the most reasonable cost in India reach out to us at caonweb.com
Benefits of Trademark registration
You become the legal owner of the registered trademark and no another person has the right to use your registered trademark without your prior permission.
One of the best qualities of trademark registration is that it helps you to establish a unique identity of your company. And no other competitor can apply or use your trademark for similar goods or services.
Creation of Asset
A Registered trademark can act as an asset as the owner of the trademark can easily sell, franchise or allow it on the contract basis to another party. It creates a kind of intellectual property for the same.
Popularise your Brand
A Registered trademark is easily searchable as it is available in government trademark database. It also helps you to get popular among people which are a great sign for your company.
TDS (Tax Deducted at source) is a form of indirect tax collected by the revenue authorities of the Indian government as per the Income Tax Act 1961. This tax is usually collected at the time of generation of income or rather at the time of making payment. It is the amount deducted from payments of various kinds such as salary, contract payment, commission etc.
MSME is for manufacturing as well as service sector. MSME Registration is not mandatory, However Registering under MSME/SSI will directly benefit enterprises due to various subsidies/Exemptions/Incentives/Schemes by the Government.
Why MSME/SSI registration
1. PRIORITY LENDING/LOW RATE OF INTEREST BY BANK
2. VARIOUS TAX EXEMPTION FOR ENTERPRISES
3. SUBSIDIES BY CENTRAL AND STATE GOVERNMENT
4. BENEFITS IN INFRA SUCH AS CHEAPER ELECTRICITY RATES
Whether you want to start a business/already a startup/already an enterprise falling under the category of MSME as defined above. Be at any stage of business, we at caonweb will help you get register under MSME at the most reasonable cost. You could also avail services such as bookkeeping and other compliance requirements which may come up in future. Our team of professionals can guide you on the benefits you can avail.
Documents Required For MSME Registration
Proof of business address
Identity proof of the promoters/proprietor/partners/directors
Proof of constitution of the business
Also MOA, AOA, Form 32, Form 18, certificate of incorporation in case of companies
Incorporating a Company in India/ Planning startup in India/ Becoming entrepreneur/doing business in India/How to start a business/Expand business in India
We at caonweb can help you at any stage of your entry into a business. We provide the most simple one-stop solution. With our team of experts, we have hands-on experience in setting up a business legally. After you become a legal entity, we with the most reasonable cost and the hassle-free procedure can take care of your bookkeeping/taxation/compliance requirements. You also have an option to do everything online.The entire process of registering a company in India is regulated by a body called MCA (Ministry of Corporate Affairs). The incorporation and registration process requires certain formalities to be fulfilled.
Our team at CA on Web is available at your service and will help you to obtain the registration in a small time frame of 7 to 12 days. All you need is to plan for the business and all the paperwork and formalities will be handled by our team of experts.
Steps involved in company registration
Select the type of company to be incorporated i.e. private, public, LLP, OPC Step 2
Provide us with 6 proposed name for the company.Step 3
Fssai Registration Online | 1 Day Directly From Government
FSSAI Registration issued by FSSAI is required for carrying on activities related to any stage of manufacturing, processing, packaging, storage, transportation, distribution of food.
FSSAI license is mandatory before starting any food business and it is basically 14-Digit registration number which is printed on food packages.
This step is taken by the government to ensure that food products undergo certain quality checks, thereby reducing the instances of adulteration, substandard products and improve accountability of manufacturers. FSSAI gives the opportunity of applying for registration or license all over India. CA ON WEB can help your business obtain FSSAI Registration or license.
Who is eligible for FSSAI Registration or License:-
Based on Annual turnover an FBO has to either apply for simple registration or apply for the license given by FSSAI.
Below 12 Lakhs
Registration FORM A
State License FORM B
Above 20 Lakhs
Central License FORM B
Note: Annual turnover basis may vary according to case wise
Why should you get FSSAI license?
There is a high degree of consumer confidence in safety & quality of food.
Every person exporting any one or more of the Scheduled products shall, before the expiration of one month from the date on which he undertakes such export or before the expiration of three months from the date of coming into force of this section, whichever is later, apply to Authority to be registered as an exporter of the Scheduled product or Scheduled products, Provided that the Authority may, for sufficient reason, extend the time limit for registration by such period as it thinks fit. Registration once made shall continue to be in force until it is canceled by the Authority.
The Agricultural and Processed Food Products Export Development Authority (APEDA) was established by the Government of India under the Agricultural and Processed Food Products Export Development Authority Act passed by the Parliament in December 1985. The Act (2 of 1986) came into effect on 13th February 1986 by a notification issued in the Gazette of India: Extraordinary: Part-II [Sec. 3(ii): 13.2.1986). The Authority replaced the Processed Food Export Promotion Council (PPC). Under APEDA only License is required. There are no return filing requirements under APEDA.
APEDA is mandated with the responsibility of export promotion and development of the following scheduled products:
Fruits, Vegetables and their Products
Meat and Meat Products
Poultry and Poultry Products
Confectionery, Biscuits and Bakery Products
Honey, Jaggery and Sugar Products
Cocoa and its products, chocolates of all kinds
Alcoholic and Non-Alcoholic Beverages
Cereal and Cereal Products
Groundnuts, Peanuts, and Walnuts
Groundnuts, Peanuts, and Walnuts
Floriculture and Floriculture Products
Herbal and Medicinal Plants
In addition to this, APEDA has been entrusted with the responsibility to monitor import of sugar.
Following documents are required for registration:-
Application form duly filled, sealed and signed by the authorized signatory
Self-certified copy of Import-Export code issued by D.G.F.T. Bank Statement (for latest 2 months) and a canceled cheque
List of Directors/Partners/Proprietor on company’s letterhead in triplicate
Pvt. Ltd./Public Ltd. Co.’ s/societies should forward a copy of their Memorandum and Article of Association and Partnership firms should forward a copy of partnership deed attested by Notary
Self-certified copy of PAN issued by Income Tax Department
The company should compulsorily mention their e-mail ID, phone and fax number etc. in their application
In case the exporter desires to register as Manufacturer Exporter, they should furnish a self-attested copy of the registration of the company with the relevant certification agencies to ascertain the manufacturing status of the exporter for the products given below:-
If your gross total income (before allowing any deductions under section 80C to 80U) exceeding INR 250000. This limit is INR 300000 for senior citizens (Who are more than 60 years but less than 80 years old) and INR 500000 for super senior citizens (Who are more than 80 years old).
A company or firm irrespective of whether you have income or loss during the year.
Income tax is imposed on both types of income i.e. direct or indirect income earned by assessee. Direct Income includes salary, wages etc. whereas indirect income includes interest, rent, commission etc.
Income tax return (ITR) is a valid legal document which proves that all the taxes have been paid on the income earned by the assessee in a particular financial year. It contains all the necessary details of the annual income earned and the taxes paid thereupon. Every Indian citizen is required to file income tax return as per the provisions of Income Tax Act 1961.
Income tax return If not filed
Penalties for non-filing income tax return?
Under section 271F, the assessing officer may levy a penalty of Rs 5,000 when you have not filed your return. (applicable until FY 2016-17)
Penalties for non-filing an income tax return from FY 2017-18?
The penalty of Rs 5,000 is applicable if Return for FY 2017-18 is filed after the due date (31st July 2018) but by 31st December 2018. The penalty of Rs 10,000 is applicable if Return for FY 2017-18 is filed after 31st December 2018 but by 31st March 2019.
Note: Penalty is limited to Rs 1,000 for those with income up to Rs 5 lakhs.
Income tax forms for e-filing
There are a different category of taxpayer viz. Individual, HUF, Firm, LLP, Company, Trust and AOP/BOI. As per Income tax act, 1961 there are in total 7 income tax returns which assesse can use to file his returns. Due Date is different according to audit or a non-audit case of such categories as defined in section 139(1).
ITR-1 (Sahaj) :
This is solely for individual taxpayer
Who are earning income from salary or through pension
Who earn income either from one house property or from investments.
An Agriculturist whose income below INR 5000
Who have neither income from any business nor any casual income.
And whose income amount is less than 50 lakhs.
This is also for individual taxpayer
Whose income is greater than 50 lakhs.
An Agriculturist whose income above INR 5000.
An Agriculturist whose income below INR 5000
Who has foreign income.
This is for Individuals and HUF who have income from proprietary business or are carrying on the profession.
This is for assesses who opted for presumptive taxation scheme under section 44AD, 44AE and 44ADA of income tax Act. However, if the turnover of business mentioned exceeds 2 crores, then they have to file itr-3.
This is for assesses being firms, LLP’s, AOP, BOI, cooperative society, local authority and artificial judicial person.
This is solely for companies except those who are claiming exemption u/s 11. As per section 11 those organizations whose income from property held for charitable or religious purposes.
This is for persons including companies which are required to file their returns under following sections: Section 139(4A) – To be filed by every person in receipt of income derived from property held under trust or other legal obligation wholly for charitable or religious purposes or in part only for such purposes. Section 139(4B) – To be filed by political parties provided their total income earned is above the non-taxable limit. Section 139(4C) – To be filed by every
scientific research association ;
news agency ;
association or institution referred to in section 10(23A);
institution referred to in section 10(23B);
fund or institution or university or other educational institution or any hospital or other medical institution
Section 139(4D) – To be filed by every university, college or other institution, which is not required to furnish the return of income or loss under any other provision of this section. Last Date for filing income tax return for F/Y 2016-17:
For Non-Audit case i.e. 5th August 2017.
For Audit case i.e. 30th September 2017 but Indian finance ministry has extended it to 31st October 2017.
Our team at CA on Web is available at your service and will help you in e-filing of income tax returns in a small time frame of 7 to 12 days.
We are providing a range of Audit and Assurance Services and business services to a diverse client base ranging from small businesses & start-ups to substantial international groups and development sector.
Tax Audit u/s 44AB of Income-tax Act, 1961:Audit of accounts of certain persons carrying on business or profession
Tax Audit is compulsory in the following cases:
In case a person carries business
Where a person carries business is required to get his accounts audited by a Chartered accountant if his total sales/turnover/gross receipt exceeds Rs.1Crore in the previous year, before 30th September of the relevant assessment year. However, this section shall not be applicable to the person who declares profit U/S 44AD and has total sales/turnover/gross receipts less than Rs.2Crore.
In case a person carries profession
Where a person carries a profession is required to get his accounts audited if the gross receipts in the previous year exceed Rs.50 lacks. Also, where a person carries profession, declares profit U/S 44ADA, and declares the profit less than the deemed profit and his total income exceeds the limit which is not chargeable to tax, then he requires to get his accounts audited.
However, this section shall not be applicable to the person who declares profit U/S 44AD and has total sales/turnover/gross receipts less than Rs.2Crore.
If failed to get accounts audited as required by sec 44AB –Penalty – Lower of
1) 0.5% of total sales, turnover or gross receipts of business or profession
Someone mentioned on twitter how she is planning to cut off her outdoor eating habits as she feels the surge in bills post GST. When we asked her how much was she charged post-GST, She had no clue about the rates. Well, that’s bad we thought. Being aware of basic rates is very important. It is always better to know basic tax rates because you never know you could end up getting cheated. It’s basic stuff, everybody must know what the taxes they are liable for. Spare a minute and read this,
Establishment of Restaurant
Non AC-Not serving alcohol
Non AC-Serving alcohol
5 star Restaurant
For an AC restaurant-18% rate is applicable whether or not it is serving alcohol
The rates are same for takeaways and dine in
If restaurant has AC in any portion of the restaurant, you will have to pay the standard rate 18%. You will not be charged at a different rate of non AC if you are sitting at a non AC portion or ordering for takeaway from non AC portion.
Since liquor is not covered under GST and it is state Governments control. So if you have ordered for food and alcohol both. GST will have to be charged only on your food bill. VAT will be charged on alcohol as per State Government prescribed rates.
What about Service charge? Should GST be imposed on the amount before Service charge or after service charge?
Service charge imposed by any Restaurant is not a tax. Don’t confuse service charge with service tax. As per the Ministry of Consumer Affairs, Food and Public Distribution, service charge levied by the restaurants, is the voluntary amount paid by the customers, at their discretion.
Government has issued guidelines that Service charge is not mandatory but hospitality industry reacted by saying that guidelines is not law and they would continue to levy service charge unless Government comes up with law to prohibit the same.
Therefore what restaurants do is they put a visible notice at the outlet/also highlighted in menu sometimes that service tax would be levied by them. There is no clarity yet on if a consumer can deny or not because as of now if restaurant is informing you in advance, you would have to pay it as a general practice. So next time you see SERVICE CHARGE on your bill, don’t think of tipping the staff! As your Service charge is basically like the tip which would be used by a restaurant for staff welfare.
And yes, sadly, GST will be levied on entire sum of food bill, including service charge.
Thanks for reading! You could always get in touch with professional through caonweb.com for any questions you have.
Agri Exchange is the name given to the Trade portal. An attempt first of its kind has been endeavored by APEDA, Govt. of India, where online trading is the specialty. In its stride, a joint collaboration of UNCTAD and Ministry of Agriculture has given the portal a shape. Globally buyers and sellers in the Agri business world has been given a platform to offer negotiate and transact a deal. Apart from this, it has been loaded with the latest statistics pertaining to India and the world.