Basic Business Compliance Package

A business entity, post-incorporation, has to ensure compliance to numerous statutes and other regulatory bodies notified by the Jurisdictional Government, from time to time.
 

Such compliances are mandatory in nature, and include various activities like periodic filing of tax returns, holding and reporting board meetings, maintaining statutory books of accounts, etc.

Annual compliance packages offered by SSI cover 100% of your legal compliance requirements and are designed to be totally reliable and reasonably priced in order to ensure that you can enjoy doing your business.

Customized services offered by highly qualified and experienced professionals of SSI take care of all Statutory compliance requirements and facilitate your ease of doing business!

 

SSI’s ANNUAL COMPLIANCE PACKAGES are a one-stop solution for a business’s compliance and accounting requirements. SSI acts as a one-stop-service provider to its clients by offering them end-to-end services in a committed, timely and transparent manner.

 

More Info : Basic Business Compliance Package

How To Set Up A Company In India

Many believe that it is optional to file Income tax returns and therefore end up being non-compliant with the country’s most stringent tax law, The Income Tax Act, 1961. Income Tax returns are an annual event and are the moral and social obligation of all responsible citizens.

Income Tax is a direct tax that is charged on the income of individuals or entities who are required to pay taxes to the government. The tax is calculated on the next taxable income of the entity based on the Income slabs which are notified by The Finance Act every year during union budgets.

Income tax is commonly taken off your pay by your employer, or of the service recipient, and sent directly to the account of the central government in the form of TDS.

Individuals or entities like HUF, sole proprietorships are required to calculate their taxes and file an Income Tax return if no more tax is payable after TDS (Tax deduction at source)

Each year, one should file a tax return with The Income Tax department, to:

• Report the annual income generated
• Ensure that the correct amount of income tax has been duly paid
• Access tax credits and benefits

 Why should you opt for SSI to assist you in filing your Income Tax return?

• Expert advisors assist all our clients and offer the most valuable consultations you can ever get.
• Your confidential information is secure with us and we practice non-disclosure for all our assignments.
• We offer you 365 days of relentless support, our customer relationship team ensures you are never in doubt, for anything that relates to your taxes.

More Info : How To Set Up A Company In India

Brand Registration Online

With incremental adoption of globalization and rapid growth in several multi-national companies trying to establish their operation facilities, production houses in India, taxation in India is being aligned with global tax practices.

Therefore, it is incredibly important for every business entity to develop a thorough understanding of the transfer pricing regulations applicable on an Indian registered business entity, to plan the way for a business as well as its tax structure.

What is Transfer Pricing?

Transfer pricing generally refers to the price(s) of transactions controlled and practiced between associated enterprises. Such pricing decisions may be taken under conditions differing from independent enterprises.

Transfer pricing is the value attached to transfers of goods, services, and technology between related entities located in different territories. It also refers to the value attached to transfers between unrelated parties which are controlled by a common entity.

In other words, Profits accruing to the parent company can be increased by setting high transfer prices to siphon off profits from subsidiaries registered and operating in high tax countries and low transfer prices to divert profits to subsidiaries located in low-tax jurisdictions.

 More info : Brand Registration Online

Transfer Pricing Advisory | Company Registration Online

About This Plan

With incremental adoption of globalization and rapid growth in several multi-national companies trying to establish their operation facilities, production houses in India, taxation in India is being aligned with global tax practices.

Therefore, it is incredibly important for every business entity to develop a thorough understanding of the transfer pricing regulations applicable on an Indian registered business entity, to plan the way for a business as well as its tax structure.

What is Transfer Pricing?

Transfer pricing generally refers to the price(s) of transactions controlled and practiced between associated enterprises. Such pricing decisions may be taken under conditions differing from independent enterprises.

Transfer pricing is the value attached to transfers of goods, services, and technology between related entities located in different territories. It also refers to the value attached to transfers between unrelated parties which are controlled by a common entity.

In other words, Profits accruing to the parent company can be increased by setting high transfer prices to siphon off profits from subsidiaries registered and operating in high tax countries and low transfer prices to divert profits to subsidiaries located in low-tax jurisdictions.

Why is it mandatory for related parties to document their transfer pricing?

Finance Act, 1994 had introduced section 92A to 92F under the Income Tax Act. This separate code on transfer pricing under Sections 92 to 92F of the Indian Income Tax Act, 1961 covers intra-group cross-border transactions which are applicable from 1st April 2001, and specified domestic transactions which are applicable from 1st April 2012.

The Income Tax Act, 1961 now prescribes that income arising from international transactions or specified domestic transactions between associated enterprises should be computed having regard to the arm’s-length price.

It has been notified that any allowance for an expenditure or interest or allocation of any cost or expense arising from an international transaction or specified domestic transaction also shall be determined having regard to the arm’s-length price.

 More Info :  Transfer Pricing Advisory | Company Registration Online

Documents Required For Startup Registration

 

A Start-up comes into existence when a founder comes up with a great idea accompanied by an execution plan that can potentially change the way an Industry works and/ or gives a solution to a specific consumer need.
 

In a view to support such ideas for creating a better future, developing an effective Start-up ecosystem, and catalyzing the creation of employment opportunities through them in the country, The Government of India has launched a Startup India Initiative as their flagship scheme to promote innovative ideas and incentivize the entrepreneurs for setting up their ventures.
 

These programs are managed by a dedicated Startup India Team, which reports to the Department for Industrial Policy and Promotion (DPIIT)

Do you have a Startup?

Then you must meet the following criteria to be considered eligible for DPIIT Startup recognition to avail of the benefits declared by the Central/ State government(s) from time to time:
 

• Company Age: Period of existence and operations should not be exceeding 10 years from the Date of Incorporation.
   
• Company Type: Incorporated as a Private Limited Company, a Registered Partnership Firm, or a Limited Liability Partnership
   
• Annual Turnover: Should have an annual turnover not exceeding Rs. 100 crores for any of the financial years since its Incorporation
   
• Original Entity: Entity should not have been formed by splitting up or reconstructing an already existing business.
   
• Innovative & Scalable: Should work towards development or improvement of a product, process, or service and/or have a scalable business model with high potential for the creation of wealth & employment.
    

More Info :  Documents Required For Startup Registration

Startup India Registration Online

 In GST Regime, businesses whose ANNUAL Turnover exceeds

INR 40 Lakhs, for the supply of goods, and (Rs 20 lakhs for Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Puducherry, Sikkim, Tripura, Uttarakhand) INR 20 lakhs, for the supply of services, are mandatorily required to be registered as a normal taxable person.

Goods and Services Tax (GST) was introduced by the Government of India in 2017 to facilitate their mission of One nation, one tax, one market; The introduction of GST has led to the absorption of several Central and State taxes into one tax structure which offers complete and comprehensive set-off of input goods and services, as a result, reducing the cost of locally manufactured goods and services.

 In GST Regime, businesses whose ANNUAL Turnover exceeds
INR 40 Lakhs, for the supply of goods, and     (Rs 20 lakhs for Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Puducherry, Sikkim, Tripura, Uttarakhand) INR 20 lakhs, for the supply of services, are mandatorily required to be registered as a normal taxable person.

Who else is required to get GST registration done, even if Turnover based threshold limits have not been crossed?

1.  Agents of a supplier & Input service distributor
2.  Those paying tax under the reverse charge mechanism
3.  A person who supplies via e-commerce aggregator
4.  Every e-commerce aggregator
5.  Any person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person

How can SSI help, if you want to register yourself under the GST mechanism?

SSI uses a comprehensive approach to first help its clients in understanding the GST mechanism by:

1. Discussing applicability of GST on their respective business
2. Elaborating prescribed limit(s) for the statutory exemption
3. Identifying the rate of GST applicable to the products and services being sold
4. Listing out the intervals, mode, and manner for payment of GST and several other compliances that become applicable post-registration.

Get More Info :  Startup India Registration Online

Trademark Registration | Company Registration in India

 

Trademarks are unique identities that can be registered with the regulatory authorities in order to legally protect a product, service, or a business name from not only illegal impersonators, counterfeits, copies, etc but also from solicitation of unwarranted ownership that is often showcased by third parties on purpose to either willingly encash or to spoil a reputation built by the actual owner of a brand.

Unique identities and expressions can be logos, photographs, slogans, words, color combinations, graphics, etc.

SSI recommends that if you have a unique product name, brand, or logo then the only legal recourse to protect your exclusive ownership rights is to register it as a trademark.

A registered trademark becomes the intellectual property of your business and its registration certificate acts as a protective cover.

In India, trademarks are registered and regulated by the Controller General of Patents, Designs and Trademarks, Ministry of Industry and Commerce, Government of India. You can register your trademark under the provisions of The Trademark Act, 1999.

A registration certificate once obtained is valid till 10 years from the date of registration and provides the owner a right to sue the entities who try and copy a registered trademark.

A ™ can be obtained within 3 days. However, to get a ® symbol, it may take up to 2 years from the date of application.

In case a Trademark registration is nearing its expiry date, the owner can apply for the renewal for an incremental period of 10 years by submitting an application with requisite forms.

SSI offers comprehensive solutions to get Trademark Registrations and transfers done in India, Nepal & Lebanon in a professional, fast, and diligent manner.

With the assurance of covering all the compliances and statutory requirements, our aim is to provide you a hassle-free one-stop solution for all your Trademark related needs.