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GST

GSTN Mandates HSN Code Reporting: Effective February 2025

Starting from the January 2025 tax period, the Goods and Services Tax Network (GSTN) has introduced significant changes to Table 12 of the GSTR-1...

Team Counselvise - January 25, 2025

Company Law and IBC

Foreign Exchange Management Act (FEMA) for Foreign Transactions

In a globalized world, businesses, individuals, and governments engage in cross-border transactions. So, we must regulate foreign exchange to ensure stability and legality. The...

Team Counselvise - January 23, 2025

Company Law and IBC

Government Schemes and Incentives for Private Limited Companies in India

India is an entrepreneurial powerhouse, offering countless opportunities for businesses to grow and thrive. The government provides many schemes and incentives for Private limited...

Team Counselvise - January 18, 2025

GST

The Reverse Charge Mechanism (RCM) Under GST

The GST has simplified India's indirect taxes. It introduced the Reverse Charge Mechanism (RCM) to boost tax compliance and widen the tax base. RCM...

Team Counselvise - January 13, 2025

Company Law and IBC

Private Limited Company and its Registration Process

What is a Private Limited Company? Private company means a company having a minimum paid-up share capital as may be prescribed, and which by its...

Team Counselvise - January 11, 2025

GST

Input Tax Credit in GST: Eligibility and Conditions

The Goods and Services Tax (GST) has revolutionized the way businesses operate in India. One of its most significant benefits is the Input Tax...

Team Counselvise - January 9, 2025

Startups

The Startup India Scheme and Section 80-IAC Tax Exemption

The entrepreneurial spirit in India is flourishing like never before. With innovation and ambition at its core, the government has launched initiatives to empower...

Team Counselvise - January 8, 2025

Income Tax