#gsbtaxation

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What is the fee for the trade license registration?

There is a different fee structure for trade licenses in different states. Some cities gather business licenses on annual or yearly fees and other cities receive depending upon the business annual sale. Trade license registration is granted by the municipal corporation of the area.

What is the validity of Trade Licenses Delhi?

A registered trade license has a validity period of one year which has to be renewed on an annual basis. After the validity period of one year, the application for the renewal of a trade license is required. This is done with the aim that the business entities will be able to continue their businesses in compliance with the contemporary and applicable provisions of local laws. Following are the documents that are required for trade license renewal: 

Original copy of the trade license

Previous year challan

Updated paid property tax receipts

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What is the process of Hallmark registration?

Following are the steps that must be followed in hallmark registration:

The first step is to send the jewels to the Assaying and Hallmark center for the assessment of jewelry.

Before sending the jewelry tp the Hallmark following particulars should be informed:

The description of the jewels and other products 

No. of the stones in the jewel in any

The purity of jewels in carats

The overall weight of the consignments

The jeweler should maintain a register of consignments sent to the Hallmark authority. An authorized representative of the jeweler should sign every entry in the register. 

Registrar can cancel the hallmark registration after all the corresponding stock items are sold.

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What is the procedure of Drug license registration?

The procedure of Drug license registration:

Step 1. Document preparation: The first step in obtaining the drug License in India is to prepare all the required documents for drug license which includes, preparation of key plan and site plan and various affidavits and declaration as prescribed under the Drugs and Cosmetics Act. 

Step 2. Application filing: The application for obtaining a drug license is filed online, with the payment of government fees. Along with an online application for a drug license, all the documents are also scanned at the time of filing an application. 

Step 3. Inspector Visit: After application filing, an inspector from the department visits the premises to check the authenticity of documents and verify the application. 

Step 4. Grant of License: After the Inspection is complete and in case personal interview is called for is cleared by the competent person and upon verification all information and documents furnished are correct then drug license is granted. 

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What are the documents required for import & export code?

Following are the documents that are required for IEC code registration-:

PAN card of the applicant

Address proof of business premises

Electricity bills

Details of Directors/partners

A digital signature of the applicant

Canceled cheque

Copy of bank account

Passport size photograph

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Introduction

ISI mark or the Indian Standard Institute, which's referred to as BIS, maybe a standard body in India which checks the standard and therefore the efficiency of various products in India and hence confine check if the corporate is following the laid out standards given by the Institute. Now there's a really common misconception amongst the overall public that ISI Certification and ISO Certification is one and therefore the same thing. However, this is often not in the least true, albeit both the certification works on by laying out different standards and aim for one thing that's high-quality products and services to tend out they're still considerably different. Whereas ISO Registration Certification is provided to a corporation and therefore the way it works, the interior working system (in accordance with the International Standards laid out by the ISO), ISI Certification is given bent products also, more commonly referred to as ISI mark.

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What are the documents required for section 35ac registration?

The following documents are required for 35ac registration in India to accept donations for NGO.

Name and address of the applicant managing and affairs of the association and managing the association during the last three year.

Address proof

Pan card, adhaar card and other id proof.

If association and institution is notified under section 10(23)c is approved for section 80G.

In detail the particular activities done by the association or institution during the last three year preceding the date of application if the association or institution is three year old.

And such other information about the association or institution.

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What is the process of Hallmark registration?

Following are the steps that must be followed in hallmark registration:

The first step is to send the jewels to the Assaying and Hallmark center for the assessment of jewelry.

Before sending the jewelry tp the Hallmark following particulars should be informed:

The description of the jewels and other products 

No. of the stones in the jewel in any

The purity of jewels in carats

The overall weight of the consignments

The jeweler should maintain a register of consignments sent to the Hallmark authority. An authorized representative of the jeweler should sign every entry in the register. 

Registrar can cancel the hallmark registration after all the corresponding stock items are sold.

[gsbtaxation-blog]

Why should you apply for 12a/80g registration?

Why should you apply for 12a/80g registration: 

Tax Benefits: The most important advantage of section 12a registration is the income tax exemption provided to the donors of trusts or NGOs. NGO can avail rebates by getting 80g registration.

No renewals: Section 12A is a one-time registration. There is not any kind of requirement for any renewal under this registration. 

Get new donors: If an NGO has registered for section 12a & 80g registration only then it is eligible for government funding and private donors are also given 50% tax deduction in Income tax on the donations.