Legal requirements for selling goods or services through social media platforms like Instagram, Facebook, YouTube etc.

We all have presence in social media. It keeps us connected and makes us approachable. One of the most important & emerging area in Social media would certainly be selling goods or services through Social media networks like Facebook, Instagram, LinkedIn, YouTube etc. While most of us are aware of how to sell the goods… Continue reading

Management & compliance requirements to be met by an Ecommerce business

You have an Ecommerce business. Whether you own an e-commerce portal or you are a seller on portals like Amazon, Flipkart etc. In order to start selling and to meet the compliance requirements, one need to take care of various compliances like GST Return Filing, ITR filing, trademarks, TCS and TDS applicability, etc. All these processes… Continue reading

Process of claiming refund of GST on export electronically

Here, I aim to discuss the new procedures around claiming refund of GST for businesses engaged in export of goods or services. Earlier due to the unavailability of electronic fund module on common portal, a temporary mechanism was devised and implemented wherein applicants were required to file the refund of application and the supporting documents… Continue reading

Why & How to register under MSME

MSME stands for Micro, Small, and Medium Enterprises. In accordance with the Micro, Small, and Medium Enterprises Development (MSMED) Act in 2006, the enterprises are classified into two divisions. Manufacturing enterprises – engaged in the manufacturing or production of goods in any industry and Service Providers. For these small-scale industries, it is essential to make them… Continue reading

Income Tax Implication on F&O (Futures & options) transactions & Intra-day trading

This article is about how trading in derivatives(F&O) and intra-day trading is to be treated under the Income tax, i.e. the income tax implications on F&O (future & options) trading We will briefly discuss the following: 1. Basic understanding of the concept 2. Computation of income- F&O & intra-day trading 3. Calculation of turnover- F&O… Continue reading