Traders Promised Registration in One Day

Even as the contours of the GST remain fluid, the Delhi government has eased the procedure for grant of registration to fresh applications to encourage more traders to contribute towards its kitty of ValueAdded Tax (VAT).

Guidelines eased:

In circular issued on Friday, The department of trade and taxes said that applicant dealers would be granted company registration in india within a day of applying through a mobile platform, even as it eased guidelines around the provision of bank details for the purpose. The provision of providing bank account details at the time of applying for registration under the DVAT and CST act has been made optional which will encourage more traders to register.

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7 ways your Outsourced Services saves your Time and Money

In today’s globally connected world where the customers are based out of another country, the developers are based out of a different location and most of the communication happens on platforms like slack or base camp, the advantage is that work no longer needs to be kept within the four walls of an office. Key functions today can be performed remotely which benefits the small businesses.

1. Benefits the bottom line of a company

It is expensive to hire in-house resources to manage financial aspects. It can be financially straining for small businesses to hire a full-time accounting staff or specialist. Hiring in-house employees also attract additional costs like insurance, taxes, provident fund, training cost etc. Additionally, there’s cost of office space, stationary, supplies etc. which is spent on the accounting team. An outsourced payroll services benefits from eliminating all such expenses and managing the supplemental complexities.

2. Pay for what you use expert services

One of the major benefits of outsourcing payroll processing is that there are no fixed costs involved. It allows the business to receive an increased return on investments. Moreover, the business owners get an access to a trained and experienced specialist in handling complex accounting challenges. Fortunately, by outsourcing the accounting needs of the business, the founders can regain their focus on the core elements of their business.

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Authorized Persons to Exchange Old Notes Held by Foreigners Up to Rs 5,000 Till Dec 15.

Attention of Authorized Persons is invited to the A.P. (DIR Series) Circular No. 16 dated November 9, 2016 giving certain exemptions to foreign tourists visiting India. In super session of instructions issued therein, it has been decided that foreign citizens (i.e. foreign passport holders) can exchange foreign exchange for Indian currency notes up to a limit of Rs. 5000/- per week till December 15, 2016 subject to the tenderer submitting a self-declaration that this facility has not been availed of during the week in accounting outsourcing companies in India. The Authorized Person shall keep the passport details and the above declaration on record. Authorized Person may also ensure that the total value of such exchange to Indian currency notes does not exceed Rs. 5000/- during the week.
2. The Instruction in respect of issue of prepaid instruments by Authorized Dealer Category I Bank shall continue in indirect taxation in India.
3. Authorised Persons may follow the above instructions and bring the contents of this circular to the notice of their constituents.
4. The directions contained in this circular have been issued under section 10(4) and section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions/approvals, if any, required under any other law.

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Top Reasons to hire Professional for the Legal Paperwork of Your Business

Starting your own business could be troublesome and might not be success all the time in payroll management services. If the foundation are not relayed properly. We have enumerated the top legal documents that need to be acquired before you launch your first startup we will discussing the top five reasons why you should consider the help of a professional for handling your legal business documents.
There are some legal documentation payroll services providers as well as small business legal documentation services on the internet that you can choose from depending on your budget. Money is involved here. So you definitely want to make each penny count. Be sure not to fall to fall to the lure of cheap priced legal documentation services that may end up being fake and will be the main reason for your downfall.

Check out the reviews and opinions of other customers before putting your money on someone. Since these legal documents are a pre requisite to the success of your start up. Here are top five reasons why you should hire a professional for the legal paperwork of your business.

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Demonetisation to Help Revive Affordable Housing Segment.

Demonetisation will help revive the latent demand in the housing sector as people now hope to buy houses in transparent deals, said Sriram Kalyanaraman, managing director & CEO, National Housing Bank. In an exclusive chat with ET’s Saikat Das, Kalyanaraman said some segments of the housing sector will especially benefit from it as prices may correct 15-20% with adequate supplies. Edited excerpts…
Will demonetisation drive demand in the housing sector in direct foreign investment in India?
Housing finance is a long term requirement, and the demonetisation exercise will have a long term impact as it will benefit both consumers and the industry. Most of the housing finance players have put in place systems for e-payments and e-receipts in chartered accountant firms in mumbai. Demonetisation will further improve the use of e-transactions and reduce cash dealings. It will result in greater transparency in property contracts, which will also bring in greater professionalism in the industry. As a result, the latent demand, particularly in the affordable segment is expected to revive, thereby increasing sales.

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Huge Challenges for CAs after GST implementation

Chartered accountants in India will have huge opportunities and challenges when the goods and services Tax(GST) is implemented.

Addressing the ICAI international Conference Jnana Yagna here, the urban development minister said chartered accountants should play a vital role addressing issues such as curbing black money.

Introduction of  GST (goods and services tax), which is round the corner (Goods and services tax), which is round the corner is one of the pioneering and game changing transformative initiatives taking shape In our country GST introduction is a huge challenge and opportunity for the chartered accountants and you need to get ready for enabling this change in a smooth and seamless manner. Venkaiah added.

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