GST Software

Just now, when GST is turning out to be a massive confusion to the Indian Market – LegalRaasta- a Delhi-based startup has come up as a GST Suvidha Provider (GSP) by GSTN (GST Network) to facilitate end-to-end tax solutions for large corporate, tax practitioners and SMEs.  A GSP has developed technology solution for stakeholders & taxpayers to help connect to the GST systems - starting from registration of the entity to uploading of invoice details, compliances and filing returns.  GSP’s are entities authorized to evolve the GST compliance network. Every taxpayer is required to file 37 returns in a year. So, for filing these returns, LegalRaasta will be the one-stop-solution for taxpayers. It’s been more than 2 years now; LegalRaasta has been providing tax registration & return filing services and satisfying their customers successfully. Himanshu Jain, CEO of LegalRaasta Technologies Pvt Ltd, in a statement said,” Now, Legalraasta as GSP will simplify the ...

Innovation quintessentially is however about seeing, perceiving and also solving the problems in many creative ways. Innovation is considered as a facilitator of the entrepreneurship and also a way of empowering the people in order to take charge of their lives and also the economic prosperity. At the same time, entrepreneurship is also considered the answer to an innovation which is both at the individual business-level. It thus also stimulates the general business sector growth of a nation. Flourish in the entrepreneurship also however entails a focus on ingenuity, amalgamating innovation and the strategic business practices. The purpose of this article is to make the reader aware of the fact as to why innovation is however increasingly becoming critical for entrepreneurship. It is also important in order to understand that innovation doesn’t however happen overnight and also requires time and the endeavor in order to generate something actually innovative that will however make...

Business automation is however especially valuable to the entrepreneurs, because an entrepreneur’s greatest constraint is thus often on the time. One is however likely running his startup with a lean staff, but one would thus still need the results and also growth which is thus of an established company. The purpose of this article however is to make the readers aware of the 7 tools that can however help one to thus rapidly grow and automate the business. Below is thus a list of the simple-to-use, affordable tools that can thus help one in order to scale and automate the business for a faster growth. Best of all, these tools are however designed with an aim that they are thus affordable. 1. Dasheroo Today’s business environment however thus requires numerous third-party apps for success. Many of the entrepreneurs are however promoting their businesses on Twitter and Facebook, thus also measuring their sites’ performance on Google analytics, marketing email which is thus through Mail...

If you’ve however ever thought seriously about however starting your own business, you thus know that it however requires a lot of hard work and also sacrifice. However, most of the entrepreneurs will thus tell you that it’s however worth it. Entrepreneurship however comes with a lot of great perks and also rewards — from however being your own boss and also making the rules, to however also having a more flexibility and thus the ability in order to work anywhere you want. Entrepreneurship is however considered as a modern age dream. Everyone thus wants to live this dream but however very few are thus bold and also strong enough in order to bring this into reality. Every entrepreneur thus has a different story or either a reason about why he or she had however decided to start a business. Some have however known from day one that they thus wanted to work for themselves and also others thus come up with ideas while they are however working for someone else and also thus decide in o...

Quitting the corporate job and launching the dream startup is thus only half the battle. Finding people in order to actually use a product or a service is however the real fight. The purpose of this article is to make the reader aware of the tips and tricks for landing the first client. Here are thus a few tips on however nabbing the first customer and thus the next few as well. 1. Give yourself some runway Many of the promising companies however fail because they thus however don’t have the resources in thus also in order to the last long enough in order to get the things going. The more cash which one would have in the bank, the lower the risk will however be and thus the higher would thus be the chances of success. 2. Talk to everyone you know Sending an email out to everyone when one however knows announcing the new business is thus all fine and also good but thus talking one on one however to the few individuals who can however truly help one is better. When one approaches p...

Regulating the rules set for hiring and firing of the employees but apart from this main task they have many other tasks such as maintaining communication between juniors and senior and providing support to the higher management. Just like this HR firm (consultant) holds a position of authority among all HR professionals and acts as supervisor role in the startup. Now a day, Startups are getting importance because of their ideas and focusing on the single thing can help them grow their business to the next level and if the startup is founded by a group then it may be possible to handle multiple things at the same time but if there is a single person behind the idea, then he will be in great dilemma whether to focus on growth or hiring employees. Here the work of an HR firm or a human resource consultant greatly helps the business as they made it easy to hire people or make the work flow smooth in the office. As these firms help in recruiting the eligible employees, providing necessary...

The Indian IT sector, contrary to the general global perception, does not limit itself to providing service. India is gifted with a lot of genius and innovators in the software industry as well. A lot of novel software products are churned out almost on a daily basis. However, Copyright infringement is an issue plaguing this industry, primarily due to there being a lot of ignorance about the Indian Patents Act, 1970. The section 3(K) which lay down the exceptions lets a layperson construe that software patent is possible but might not always be permissible. To quote this section, “mathematical or business method or computer programmes per se or algorithms” are not permitted to be patented. At first glance, it might seem (since software is nothing but an end result of computer generated programming) that no software can be patented at all! That is, however, not the case. An intelligent drafting lawyer would know that this exception is only for standalone software products. What that ba...

Which returns should professionals and freelancers file? First of all, who are freelancers? Freelancers are self-employed individuals who don’t remain stuck to one employer. They keep on doing work for different individual or organizations. They switch very soon and find new employers very soon. They work for one organization for a contract or short period of time. "If a person works through the year on regular basis as a freelancer, along with a job, he/she would be called a professional". After the budget of 2016, being a freelancer or a professional has become easier. There was a relief for people earning less than 50 lakhs per annum. They have come under the ambit of presumptive tax. Earlier, this benefit was available to only HUFs, individual businesses and partnership firms with less than Rs 1 crore turnover under the section 44D of the Income Tax act. The professionals and freelancers must file presumptive income tax returns, since it has become easy and benef...

Loans which are provided to businesses based on their needs and are intended particularly for business purposes are called business loans. As with loans of all types, it creates a debt which must be repaid along with interest. Further, business loans are of several types, such as invoice financing, asset-based financing, mezzanine financing and the humble bank loan. Deciding which loan to opt for requires assessing the needs of the business. The maximum loan amount which any borrower can ask for in a business loan is 25 Lakhs and the term of the loan is from 1- 5 years. There are however many websites which provide business loan online but we at Legal Raasta provide you with business loan easily and without any complications. Applying for a business loan through Legal Raasta provides the borrower certain advantages as in the process is brief and convenient, the financial results are personalised and malleable and the services that are provided are customer adaptable. The steps which w...

Selecting Incorrect ITR form One must choose the correct ITR form and check which one is applicable to them. For Instance:- 1. ITR 1 form is meant only for an Individual assessee having Income under the heads such as salary , pension, income from house property and from other sources which do not include lottery etc., 2. ITR 2 form is meant only for an Individual as well as HUF assessee having Income from any of the heads such as House property , salary/pension, capital gains and other sources and for those assesses who are have foreign assets as such. 3. ITR 2A form is meant only for an Individual as well as HUF assessee who derive income from heads such as salary, pension, income from house property and income from other sources and those assesses who do not have foreign assets. * Incorrect Bank Account Number and IFSC Code The bank account number in ITR should in no case be less than nine digits and a valid IFSC code must be specified. * Incorrect claim of TDS Taxpayers are require...

Working won’t make you rich but having your own business plan will. Starting own business has become a trend of late. Many people dream of having a billion-dollar company but a few succeed in it, for having even a successful company is an achievement in itself. Starting a company is fine but making it a profitable venture is what takes a hell lot of dedication. First of all, you have to be gutsy to startup. Startup requires flexibility and must be loosely structured, for the growth and communication transfer needs to be fast. A startup may or may not be a company. It can be few guys sitting in a room and developing an application to provide services to people. It is also not about being young or old. There is no age for a startup. A boy as young as 15 can be a budding entrepreneur or a man of 40 can think of starting up. It’s not about cash either. A person with cash in thousands can start up. Also, there is no necessity of innovation. It can be an idea that can revolutionize how thin...

Tax Deducted at source as the name tells is deducted at the time the payment of the income earned is received income includes salary, Lotteries, Interests from banks, Payments of commissions and many more. When a payment is subject to TDS, a certain percentage of consideration will be deducted by the person who makes such payment. The person the person deducting the TDS is called the Deductor and whose TDS is deducted is called the Deductee. Procedure for Filing Revised TDS Return You can fill the TDS online as the e-TDS there are some simple steps that are to be followed for the TDS return online the steps are as follows 1) You have to login into your account or you have to create if you are new to the website. 2) Enter User ID and password to login into your account. 3) Go to the TDS section in the site and the choose the option of upload TDS 4) In the form provided, select the appropriate statement details from the drop down box options for Form Name, Quarter, Upload Ty...

The Companies Act, 1956 had stayed for too long and even if not said by anyone but everybody felt that there was a need for reforms in the act. And then finally it happened. The reform was right there upfront. The year against the two words were now replaced. It changed from 1956 to 2013. It was a much needed one. It brought many new companies along with it which included One Person Company and Nidhi Company. I will talk about the Nidhi Company. So, what basically is a Nidhi Company? What is its significance? How can it come into existence? A lot of other questions might be surfacing your mind. What is a Nidhi Company? Nidhi company is a Non-Banking Finance Corporation (NBFC) which is more popular in the southern part of the nation. It is recognised under section 406 of the Companies Act, 2013 and is governed by the Companies Act, 2013 and Companies (Nidhi Companies) Rules, 2014. Like all other finance corporations, it also falls under the purview of RBI. Even though it is an NBFC ...

WHAT IS A BRAND? The brand name is a word, that identifies not only a product but also its producers or manufacturers. For e.g. Apple, Sony, Lenovo, Blackberry. A brand is a name, term, design, mark, logo or a combination of the same that differentiates one seller’s product from another. A brand name is mainly used for business, marketing, and advertising. Legal protection given to a brand name is called a trademark. These days, brand suggests the values and promises that a consumer may perceive and buy into. WHAT IS BRANDING? Branding is a collection of marketing and communication methods that help to distinguish an organisation from competitors in the market and create a long-lasting impression in the minds of consumers. The main elements that form a brand’s toolbox include a identity, brand logos and trademarks, brand awareness, brand loyalty and various brand management strategies. In a growing market where traditional models of business are being replaced by more complete ...