BusinessWindo.com is a unique platform which provide opportunities to young & aspiring minds. It offers online consultation, to budding entrepreneurs pan India, in overcoming the initial formalities of starting a business. This is an initiative to utilise the bandwidth of legal and financial fraternity in business, by lending support to the start-ups under one roof. This one-of–its-kind platform, comprises of legal and professional experts who helps these business set ups.
BusinessWindo.com is a unique venture with an initiative to serve start-ups and new business set ups and support them with services such as New company incorporation, Tax registration, Filing of various taxes, Secretarial services, Chartered accountant services, Trademarks, Copy right, Patent and many more at affordable charges with better transparency.
Unlike other service providers, BusinessWindo provides more than 50 services to its users. In addition, all services are relatively affordable compared to the market and still maintaining the high quality standards.
With a team of young, energetic team it focuses on providing hassle free, transparent online services on www.BusinessWindo.com at affordable price.
Handled 1000+ projects and delivered substantial results.
All-round performance throughout toughest challenges and risks.
Our esteemed client’s proposition and absorb their valuable inputs.
Retain customer loyalty by providing consistent efforts and ideas.
Assure complete confidentiality of information shared with us.
Troubleshoot service-based problems & help resolve discrete technical issues.
One of the first reasons for which you should choose Businesswindo.com is because it is a capable organization in various areas of business such as Company Registration in Bangalore and GST taxation matters. The organization uses qualified professional experts in the domain of company registration to make your company registration process much smoother than before. The company provides you value for money and in this day and age this is one value that is cherished so highly. When you do business with us you can be sure that there would not be any hidden costs whatsoever and your documents would be cent per cent clear as well. This will make sure that you do not face any problem later on.
We have been in the business for a long period of time and as such we have associated with plenty of entities. They have been happy with the services that we have provided to them and this has cemented our position as a market leader in our chosen domains. More than anything else, we are committed to providing you the best service that we can – in terms of commitment and quality. When we are working with you, your problems are our problems and we would always make our best attempt to solve them to your utmost satisfaction.
GST (Goods and Services Tax) refund can be defined as the excess money that you have paid with respect to your tax liabilities in this regard. As per GST rules and regulations this process has been standardized so as to avoid any confusion in this particular regard. The process can be completed online and there is also a definite time period that has been determined for the same. If you want to know how I can get my GST refund read on and know more.
Who can claim GST refund?
All dealers who have registered for GST can claim refunds in this case. A registered dealer who is supposed to pay the tax as per RCM (Reverse Change Mechanism) can file for the refund as well.
Similarly, an ecommerce operator who is supposed to pay and collect TCS (Tax Collected at Source) can claim a refund. Dealers who deduct TDS (Taxes Deducted at Source) can be included in this group too. Dealers who export or whose work is deemed an export under GST rules can claim refund or rebate for their goods and services.
Embassies and bodies under the aegis of UN (United Nations) can claim refund for the tax they have paid on various purchases. International tourists can claim tax refund as well. If you wish to know how to claim GST refund in Bangalore these are things that you need to know.
When can the refund be claimed?
There are several cases where you can claim a refund on your GST payment. Normally, you can do so when you have made excess payment of tax because of an omission or mistake.
If you have accumulated ITC (Input Tax Credit) being the output is either nil rated or exempted from taxation. You can also claim these refunds once your provisional assessment has been finalized. If you wish to apply GST refund in Bangalore you need to know this as well.
What is the time limit for claiming the tax refund?
You can claim a GST refund within 2 years of having made the payment starting from a relevant date.
You need to remember that the relevant date in this regard tends to differ with respect to the cause for which the refund is being claimed. Following are the relevant dates for some kinds of cases:
In case there is a delay in paying your refund you would receive an interest of 24 per cent per year on the same.
Documents needed to get GST refund
The following documents need to be furnished in order to claim GST refunds:
In case of exports:
In case of supply to SEZ (Special Economic Zone):
In case of accumulated ITC:
In case of refund on account of judgment or order of a court or an appellate authority:
How to claim GST refund?
As you know, you need to do it on online portal of GST and file the refund application in the form RFD-01 within 2 years of the date that is deemed relevant in your case. The form also needs to be certified by a CA (Chartered Accountant).
The process of claiming GST refund
Here are the steps you need to follow on for GST refund application process:
In the first step you would need to log on to the GST portal. After that you would have to follow this path – Services > Refund > Application for Refund. After this you would have to choose Refund of Excess Balance in Electronic Cash Ledger. After this you have to click on Create. Once you have clicked that button a screen will appear.
This screen will reflect all the balances in the Electronic Cash Ledger. You can claim them as refund. There is an editable table here named Refund Claimed. You can enter the refund values over here as well.
After this you would have to select the bank account where you would want the refund to be credited. This needs to be done from a drop down menu. Once this is done you need to click on Save. After this you would have to click on the checkbox that is located in the declaration section. A drop down would come and from there you would have to choose the Authorized Signatory.
On the basis of the kind of organization that you are, you would need to click on Submit with DSC or Submit with EVC. DSC stands for Digital Signature Certificate and EVC stands for Electronic Verification Code. Once you have filed the form you would receive the Refund ARN (Application Reference Number) Receipt. This would be generated in the PDF (Portable Document Format) format. A GST officer would perform the necessary inspections and the money would be credited to your account.
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There are some specific reasons as to why you can cancel the registration granted to you under GST (goods and services tax). The GST cancellation process in India can be started either by the department or by you.
In case of the department they can do so out of their own motion.
In case you – the registered person – have passed away your heirs can apply for cancellation.
If the department has cancelled your registration there is a provision that allows the cancellation to be revoked.
When you have cancelled your registration you would have to file a return. This is referred to as the final return.
So before going to cancel the registration, the taxpayer or the business owners should know the factors, understand the process and clear about the conclusion part, and then can proceed for this. To make the completed the work, hire GST consultant so they can direct you the right way and solve the problem.
There is many reason to cancel GST registration. They may be enumerated as below:
If you cancel your GST registration you would not be needed to pay the tax anymore. In case of some businesses it is obligatory to register under GST. However, even if you cancel your registration and continue with that business it would be regarded as offence as per the rules and regulations of GST.
As a result you would have to pay some heavy fines for sure.
You as the registered tax payer can request for the GST registration to be cancelled. There are various causes for which this can be done as has been stated above.
You can also do this in case your yearly turnover is less than the prescribed limit. It can also be done by the tax officer on some grounds. In case business registered person has got dead, his/her heirs can request for the same to be cancelled as well.
See the following process has to be required to get done the cancellation:
In order to cancel the registration you need to know how to cancel GST registration. If you are already registered under existing tax laws such as central excise, service tax, and VAT (value added tax) but are not liable to be registered under GST you have to first submit an application.
This has to be done electronically within a certain date by way of the Form GST REG-29 at the official portal for cancellation. The registration would be cancelled by the Superintendent of Central Tax after conducting the required enquiry.
If you have registered under SGST (state goods and services tax) or UTGST (union territory goods and services tax) your cancellation would be done as per the process mentioned in the CGST.
If the superintendent feels that your registration should be cancelled you would be notified of the same by way of the Form GST REG-17.
You would be asked to show cause as to why your registration should be cancelled. This needs to be done within a period of 7 days starting from the date the notice was issued. If your answer is found to be a satisfactory one the officer would drop the motion and pass the order in the shape of the Form GST REG-20.
However, if your answer is not a satisfactory, one officer would reject the cancel of registration at a date that she or he deems to be fit. In this case you would be asked to clear all unpaid taxes, penalty, and interest within the due date.
In case you have applied for cancellation of registration by yourself and are indeed found to be not liable to be registered under the tax or fit enough for cancellation of registration the officer in question would issue an order. This would be done by way of the Form GST REG-19.
This would be done within a period of 30 days of you making the application. In this case you would have to pay a certain amount.
The payment would have to be made by way of electronic cash ledger or electronic credit ledger. The amount would be decided on the basis of the credit of input tax or output tax for any of the following:
The most valuable among these would be taken into consideration. The time period in this case is the date immediately before the cancellation.
In case you are paying on the basis of capital goods and plant & machinery you would have to pay an amount that is equal to the input tax credit that you have availed on the same. However, reductions are also applicable in these cases. This would be done on the basis of percentage points that have been prescribed. The other amount that comes into consideration in this regard is the tax that is to be imposed on the transaction value of these items – this would be done in accordance with Section 15. The higher amount in this case would be taken into consideration.
Even if you have cancelled the registration you are still liable to pay the taxes and other dues that you are yet to pay from the time when your registration was active. In this case the dues could be determined after cancellation as well.
When your registration has been cancelled you would have to submit the final return. This needs to be done within 3 months from either date when the order of cancellation was issued or when the actual cancellation happened. The later date would be applicable in this case.
You would need to do this electronically by way of the Form GSTR-10. This can be done on the official portal or by way of a facilitation centre that the commissioner has notified you about. The only exceptions to this norm are an Input Service Distributor, a non resident taxable person, and a person who is paying tax as per the Composition Scheme or TDS (tax deducted at source) or TCS (tax collected at source).
It could be that your registration has been cancelled by the superintendent on her or his own and not because of an application made by you. In that case you can make an application for the cancellation to be revoked. This can be done in the shape of the Form GST REG-21. In this case you need to make the application to the deputy or assistant commissioners of central tax. This needs to be done within a period of 30 days from the date that the order of registration cancellation was served. There are two ways to do it.
It could be that your registration has been cancelled because you did not provide the necessary number of tax returns. In that case you would have to provide the pending returns first and then file for revocation of cancellation. You also need to pay your unpaid taxes, penalties, interests, and fines – if any – in that particular regard. In case the officers find that your application is justifiable enough and that there are enough grounds for your cancellation to be revoked they would do so.
This would be done by way of the Form GST REG-22. It would be issued within a period of 30 days of having received your application and you would be informed of the same as well. However, if they find your application to be unsatisfactory you would be issued a notice whereby you would be asked to show causes as to why your application should not be rejected. This would be done by way of the Form GST REG-23. You would need to provide the reply within 7 working days in the shape of the Form GST REG-24.
In case your clarification information is good enough the officer would follow the process as in Form 22. However, if it’s not then your application would be rejected and the Form GST REG-05 would be issued. You would be informed of the same. The process for revocation is the same across all categories of GST.
If you want cancellation of GST registration in Bangalore; you need to get the expert help & support to cancel registration for sure of effective on time. For this case, it is better to get expert and professional help in these matters because they can get the job done much better than what you may have managed by yourself for sure. So, we can fix your all issues related to GST matter timely.
Private Security Agency Regulation Act (PSARA) License
We want to clear you the things. Before going to start a private security agency in Bangalore or any other cities in India; the owner should have to choose a business type and register this with the concerned Registrar department.
After this, you can proceed for PSARA license and other essential registrations (such as shop & establishment, MSME, employee provident fund, ESI, professional tax, GST, etc.) regarding this matter.
See what are the significant things required for a private security agency to make the organization trustworthy and more cohesive during its journey.
So, here you can know more about PSARA license
The term PSARA stands for Private Security Agency Regulation Act. It is something that you need before you start a private security business here in India. A private security agency is one that is supposed to provide private security guards and various other related services to establishments that hire their services.
They are supposed to act as alternates to the local police. It is the Private Security Agencies Regulation Act, 2005 – also known commonly as PSARA Rule 2005 – that takes care of the working of private security agencies here in India. After the PSARA Act was enacted it has now become obligatory for all such businesses to get a license from the concerned state level controlling authority for such work.
One of the biggest benefits of the PSARA License for Private Security Agency is that your business gets the credibility that it needs in order to succeed in a market that is as competitive as India. As such, security happens to be a rather serious issue and one can only trust service providers who have the necessary approval from the government to do such work.
Thus, when you get such a license it increases the levels of your business credibility at each and every step of the way. Apart from that you are also able to function smoothly when you have the license as well. This is because once you get such a license you can rest assured till the time you have to renew it.
The 5 most important benefits of PSARA license certificate:
At a very basic level, any Indian company can apply to get PSARA license in Bangalore Karnataka or anywhere else in India for that matter. The same is also applicable for firms as well as association of persons. If the applicant happens to be a company the majority shareholder has to be an Indian. Apart from these there are also some other conditions which have to be satisfied. The applicant company or person should not have been convicted of any offence with regards to promoting, managing, or forming the company.
In general, the applicant person or company should not have been convicted of an offence where the prescribed punishment is imprisonment for a minimum of 2 years. The company or person in question should also not have any links to any association or organization that may have been banned under any law in India because of activities that posed any threat to the public order or national security of India. If the applicant is an individual she or he should not have been expelled or dismissed from government service on accounts of moral turpitude or misconduct as such.
The following documents are needed in order to get the PSARA license:
For getting registration certificate of private security agency under PSARA Rules, 2005 and 2008; the parties have to meet the eligible criteria, documents and follow these essential procedural steps.
Step 1: Preparation of Documentation on PSARA license
Step 2: Filing PSARA application in Department on Behalf of You
Step 3: Go Through Follow Up With State PSARA Department
Step 4: Application Goes for Verification to Controlling Authorities
Step 5: Getting NOC from Concerned Police Authorities
Step 6: Signing MOU with State Training Institute
Step 7: Getting Grant of License
The first step that you need to take when you’re applying for the PSARA license is to check the entire document that you are submitting with your application. You need to gather them, notarize them, and submit them in the prescribed format as well.
In the next step you need to sign an MOU with a training institute. This needs to be done for your guards as well as supervisors. You also need to keep in mind that the training institute should be a recognized one. In every state you would get security training institutes that have the necessary recognition that allows them to impart such training in the first place.
In the third stage you would have to go for antecedents verification. In this case you would have to file the necessary details in Form-1. In case the applicant is a firm, an association of persons or a company each proprietor would have to file a separate verification form.
This is also applicable for the majority shareholders, directors, or partners with regards to the type of company. After this you would have to file your application with the necessary documents at the controlling authority in your state. After this the application would be processed for the purpose of verification. Once the concerned police authorities have provided the NOC (no objection certificate) the controlling authority would either grant the license or reject the application. In case of rejection a definite reason would be provided as well.
It takes a total of 60 days for the process to be completed and it starts from the date that you applied for the license. You can apply to work at 5 districts in a state at the most at a time. However, you need to keep in mind that the application process is different with respect to each state. There are also certain conditions that have to be fulfilled in this particular regard. As per rules and regulations of PSARA you would have to employ supervisors in order to monitor how well the security guards are working.
You also need to provide the skills and training that the supervisors need in order to do their work the right way. You should ideally prefer people who have served for at least 3 years in the armed forces of India for the work of supervisors. The Act also mentions the criteria for disqualification and qualification of the security guards. You need to adhere to them as well.
The PSARA license is valid initially for a period of 5 years. However, you can always renew the same for a period of 5 years by paying the necessary fees.
If you a private security agency that is operating in just one district you would have to pay a fee of INR 5000. In case you are operating in between 2 and 5 districts you would have to pay INR 10,000. In case you are working in an entire state you would have to pay INR 25,000.
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