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Pre-GST, the statutory tax rate for most goods was about 26.5%; post-GST, most goods are expected to be in the 18% tax range. The tax came into effect from 1 July 2017 through the implementation of the One Hundred and First Amendment to the Constitution of India by the Government of India. 1 July is celebrated as GST Day. [4]
A Corporate Identification Number (CIN) is a 21-digit alpha-numeric code issued to companies incorporated in India. CIN [1] [2] [3] is unique identification number that is given by Registrar of Companies (ROC) of various states under the Ministry of Corporate Affairs (MCA). CINs are assigned to companies registered in India by the ROC located ...
From 1 May 2018 onwards Ministry of Finance of Government of India started releasing monthly GST revenue collection data via official press release through Press Information Bureau. And to further improve transparency Government of India started issuing state-wise monthly collection data from 1 January 2020.
Udyog Aadhaar is a twelve digit Unique Identification Number provided by the Indian Ministry of Micro, Small and Medium Enterprises beginning in September 2015. [2] [3] It is also known as Aadhaar for business. [4] As of July 2018, more than 4.8 million (48 lakh) MSMEs [1] in India are registered under Udyog Aadhaar. [5]
public company and securities register — the official repository of publicly listed or unlisted companies whose at least one emission of securities was offered for the purpose of free trading to a number of persons exceeding certain threshold (varying according to jurisdiction), thus placing such a company under specific regulatory ...
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The Registrar of Companies (ROC) is an office under the Indian Ministry of Corporate Affairs that deals with administration of the Companies Act, 2013, The Limited Liability Partnership Act, 2008, The Company Secretaries Act, 1980 and The Chartered Accountants Act, 1949. These officers are from Indian Corporate Law Service cadre.
Direct tax in the form of an income tax was introduced by Sir James Wilson in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [12] The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act [4], 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.