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Showing posts from December, 2021

Why LLP Formation & Registration Required?

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What do we understand by LLP Registration in Mumbai? It is to be noted that Limited Liability Partnership (LLP) was introduced in India by way of the Limited Liability Partnership Act, 2008. Very first idea behind the introduction of Limited Liability Partnership (LLP) is to provide a form of business entity that is simple to maintain while providing limited liability to the owners. In today’s economy, LLP is considered as one of the easiest types of business to incorporate and manage in India. Also with an easy incorporation process and simple compliance formalities, LLPs are preferred by Professionals, Micro and Small businesses that are family-owned or closely-held. What is the difference between a Private Limited Company and a LLP? The difference can be drawn considering the following important aspects: - Cost: The cost for the incorporation of a private limited company or an LLP is the same. - Features: Both LLP and Private Limited Company offers more of the less the same features

GST Consultant in Mumbai

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GST Consultants and Planning in Mumbai Goods and Services Tax  is the greatest indirect taxation reform in India that will affect the manner business is performed at the pan-India level. It is definitely going to displace nearly all those present in-direct taxation or levies such as Excise Duty, services Tax, VAT, Entry Tax, etc. Its influence will change across various varieties of companies. We, as GST CONSULTANTS Put Together, examine to get a smooth transition out of Your Pre GST era to Post GST. Our GST consultancy creates an appraisal GST compliant. Our pros Supply GST advisory products and services along with GST consulting solutions for your company beginning from bookkeeping,  GST Registration , prep of GST return, admissions in GST abide by around for GST tax-refund, Pan card, E-waybills, electronic Signature. Bashmakh & Co  Composed of taxation specialists with years of expertise using VAT, Services Tax, Entry Tax, along with other Tax legislation in India. Learn More: 

What is Statutory Audit?

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  A statutory audit is an audit that is recommended by diverse rules like the Reserve Bank of India, Income Tax, Companies Act, and so on. A Chartered Accountant needs to direct numerous audits according to the diverse statute requirement. Statutory Audit of banks is obligatory. The Procedure of Statutory Audit The Statutory Auditors ought to guarantee that the audit report given by them complies with the necessities of Revised SA 700 – Producing an Opinion and making a report on financial statements, SA 705 – Modifications to the assessment in the Independent Auditor's Report, and SA 706 – Emphasis of issue passages and other issue sections in the Independent Auditor's Report. These days, every single statutory examiner is given a time allotment wherein they need to embrace the audit of the branches that are distributed to them. An auditor ought to quickly acknowledge the appointment and send a conventional communication to the branch, and all other data that he would requir