PA Associates

  GST registration through Aadhaar authentication is mandatory now or else officer has to conduct physical verification of place of business from 22nd August 2020 ·      It is important to ensure that the user’s Aadhaar has an updated registered mobile number and email for expeditiously completing the process. ·      Aadhaar authentication for new registration would substantially enhance ease of doing businesses for genuine businesses. ·      A person opting for Aadhaar authentication for new GST registration would get it within just three working days time. The GST Council in its 39th meeting held on March 14 approved of Aadhaar authentication for new taxpayers. The implementation of the same was postponed keeping the lockdown on account of COVID pandemic in view, sources in the Finance Ministry said.  However, the said facility has been rolled out on Friday, they added.   Aadhaar authentication fo...

  How to register Non governmental Organisation / Non profit organisation (NGO)? Applicable Registration act and law to register NGO In India, the registration of NGO is available under various act and laws in different states; mainly TRUST, Society and Non profit private limited company. Under Indian Trust act, charitable TRUST can be registered. In Charitable trust atleast two person are required and there is no limit for maximum members. A society can be registered under Society registration Act. In society minimum seven members are required. A non profit company can be registered under section 8 of companies act with the registrar of companies.   Members and setup team of Board of Directors To start, setup and run social entrepreneurship as in form of NGO, the founder (s) must be with a team decide and organise team of the members that will be the board of directors of the Organisation. It can be initiated and started with the like minded, dedicated persons wit...

  COMPANY ACCOUNTS – BOOK KEEPTING SERVICES Accounting records including vouchers, bills, proofs and receipts are required to be maintained under different statutory laws – Income Tax Act, Companies Act 2013 and GST Act. PA Associates, Book keeping service Under Income Tax Act If the sale/turnover/gross receipts from the business or profession is more than Rs. 25,00,000 or the income from business or profession is more than Rs. 2,50,000 in any of the 3 preceding years, then books of accounts will be compulsorily maintained. Following professions are covered under this provision – ü   Lawyers (legal) ü   Medical ü   Architectural ü   Company secretary ü   Film Artist (producer, editor, actor, director, music director, art director, dancer, cameraman, singer, lyricist, story writer, screenplay or dialogue writer and costume designers. ü   Interior decoration ü   Technical consultancy ü   Engineering ü   Accountanc...

    Private Limited Company Registration    Private limited company is the one of the top most company classification in India. It gives corporate status to the entities who registered them as private limited. A Company registration will be proceed as per the rules given in the Act of Companies act, 2013. It comes under the Minsitry of corporate affairs. Private limited companies can be start with minimum 2 Directors and maximum 50 members. The share holder can be upto 200 members. The main benefits of private limited company are the members can sell their shares to investors.   ADVANTAGES OF PRIVATE LIMITED COMPANY 1.The most important advantage of private limited company is that the shareholders have a limited liability . 2.All the Directors have equal rights to participate regarding the management, decision making of a company. In case of any conflict, all of them can sit together and solve the problem. 3.There is no limit to the nu...