POEM Guidance For Companies Not Engaged in Active Business Outside India

POEM Guidance

Previously we discussed the parameters of determining a company to be considered as engaged in “active business outside India” and the POEM guidance associated with it. Today we talk about the guidelines for those companies that are not engaged in active business outside India. POEM Guidance for companies not engaged in active business outside India For companies […]

POEM Guidance For Companies Engaged in Active Business Outside India

POEM Guidance

In our previous post, we discussed the idea of Place of Effective Management and how it came into existence. Today we will be focusing on the POEM guidance for companies that are engaged in active business outside India. Determination of “active business outside India” A company shall be considered as engaged in “active business outside India” if […]

Place of Effective Management Rules

Place of Effective Management Rules

The idea of Place of Effective Management or POEM was first introduced in the Finance Act 2015 for the purpose of determining the residential status of foreign businesses. As per the act, any business having its place of effective management in India will be considered as an Indian resident and accordingly, it’s global income will […]

Concept of Casual Taxable Person under GST

Casual Taxable Person under GST

In previous posts, we have discussed who is liable to get registered under GST. In this post, we shall examine the concept of ‘Casual Taxable Person under GST’. Who is a Casual Taxable Person under GST? Casual taxable person means a person who occasionally undertakes transactions involving the supply of goods or services or both in […]

Want to Register Under GST? Here are 6 Things To Know

Register under GST

Every person shall be liable to register under GST in the State or Union territory from where he makes a taxable supply of goods or services or both if his aggregate turnover in a financial year exceeds Rs 20 lakhs. This limit of Rs 20 lakhs is reduced to Rs 10 lakhs if the person […]

Labour Law Compliances Made Easy

Labour Law Compliances

In their continuous efforts of improving the business environment of the country, the government of India has taken necessary steps to ease the nature of doing business. The Government has been keenly observing the initiatives and benchmarks set by the ‘Doing Business Project of the World Bank.’ Launched in 2002, the Doing Business project provides […]

What is Better for a Startup – LLP or Pvt Ltd

LLP or Pvt Ltd

The first legal step towards starting a new startup venture is choosing the right entity for registering their business. Be it a Private Limited Company or a Limited Liability Partnership (LLP). Founders often find themselves stuck at making this kind of decisions as the right choice would determine the nature of the ownership and the […]

What is the Startup India Project and How To Be a Part of It

Startup India Project

The Startup India Project is an ambitious flagship initiative of the Government of India under our Prime Minister, Shri Narendra Modi. The whole purpose of this initiative is to empower startups and build a robust ecosystem by nurturing them to grow through innovation and design. This will, in turn, drive sustainable economic growth and bring […]

The most frequent problems that business owners face are to do with accounting & regulatory compliance. Entrepreneurs view time invested in doing both as unproductive time.

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