Link mobile number to aadhar card

How to link mobile number to Aadhar Card : [FULL GUIDE]

Link mobile number to aadhaar card

How to link mobile number to Aadhar Card : [FULL GUIDE]

Aadhar has become an important document not only to establish your identity and avail social security schemes but also for financial matters such as filing income tax returns (ITR), keeping your bank account active, and investing in financial products like mutual funds. This article will guide you how to link mobile number to Aadhar card 

Earlier on in the year, it was announced that customers had to link their mobile numbers with their Aadhar. There are many advantages of linking the two. For example, you can e-verify your ITR using Aadhar. In this process an OTP is sent to the mobile number linked to your Aadhar. You can even update personal details linked to your Aadhar online using an OTP sent to your registered mobile number. Downloading your e-Aadhar also requires verification via OTP sent to your mobile number.

Also check out: How To Locate Nearest Aadhar Center : [FULL GUIDE]

If you want to link mobile number to Aadhar, there can be two scenarios:

1. You are linking it for the first time;
2. You have changed your phone number and want to update your Aadhar data by replacing the old number with the new one.

How To Link mobile number to Aadhar for the first time:

This needs to be done offline. Most online transactions are OTP (one-time-password) authenticated, i.e., the password is sent to the registered number. Since you are linking your number for the first time, online authentication is not possible. To do this offline you need to follow these steps:

• Visit your nearest Aadhar center (Click here to locate nearest aadhar center) to get the Aadhar Update/Correction Form or
Click here to download form from the UIDAI website. 
• Fill out the form correctly; submit it to the concerned person at the center and mention on the form that only mobile number is to be updated.
• While submitting the update form, along with photocopy of your Aadhar card you also need to provide photocopy of an Identity proof document such as PAN Card, Passport, Voter ID card (Click here for the complete list of supporting documents). 
• Following the submission your biometrics will be verified at the enrolment center. Your thumb impression will be verified. While applying for Aadhar your biometrics were recorded and to authenticate the changes, they are verified.
• After verifying the biometrics, you will be given an acknowledgement slip. Usually it takes 2-5 working days for the updation to happen but as per the UIDAI helpline the turnaround time for the updation is 10 days.

Also Check: Documents Required To Update Aadhar Card Online and Offline

Updating your mobile number

You can link mobile number to aadhar card online, but make sure that your existing number linked to your Aadhar, is functional and handy. This is because the OTP to authenticate the updation would be sent to your existing number. You will be able link your new mobile number with Aadha only after submitting the OTP sent on your old number.

• On the UIDAI website, there’s an option under the Aadhar Update tab that will redirect the user to the Aadhar Self-Service portal.
(Click here to go to the portal directly)
• Enter your Aadhar number, and the Captcha text and request for OTP.
• The OPT will be sent to your existing mobile number, and after submitting it you’ll be redirected to a new page, where you can update the desired details.
• Under ‘Select field(s) to update’, select ‘Mobile Number’
• Now enter your new mobile number that you want to record in the database and submit.

How to claim gst input credit

How To Claim GST Input Credit : Conditions To Be Satisfied

How to claim gst input credit

What Is GST Input Credit?

First of all, let us know what is GST Input Credit. Well, GST Input credit is nothing but a balance of the amount of tax you paid at the time of purchasing goods that is kept safe until you pay your tax for your output. Now, when you pay your tax of output, automatically the previous balance amount kept safe for you will automatically be used and your total tax to be paid will get reduced. We will also discuss how to claim GST input credit but before that, let’s understand by an example how this thing actually works

Example: Suppose X bought goods for Rs 100 and paid Rs 18 additional as GST(Total: Rs 118). Now X sold goods to Y for Rs 200 and charged GST of Rs 36(Total : Rs 236). Now, X can claim GST input credit of Rs 18 that he paid at the time of purchases while paying tax to the government. (i.e net GST, X need to pay is only Rs 18).

How To Claim GST Input Credit

To claim GST input credit  –

  • You must have a tax invoice(of purchase) or debit note issued by registered dealer
    Note: Where goods are received in lots/installments, credit will be available against the tax invoice upon receipt of last lot or installment.
  • You should have received the goods/services
    Note: Where recipient does not pay the value of service or tax thereon within 3 months of issue of invoice and he has already availed input credit based on the invoice, the said credit will be added to his output tax liability along with interest.
  • The tax charged on your purchases has been deposited/paid to the government by the supplier in cash or via claiming input credit
  • Supplier has filed GST returns
    Possibly the most path breaking reform of GST is that input credit is ONLY allowed if your supplier has deposited the tax he collected from you. So every input credit you are claiming shall be matched and validated before you can claim it.
    Therefore, to allow you to claim input credit on purchases, all your suppliers must be GST compliant as well.

 

There’s more you should know about input credit –

  • It is possible to have unclaimed input credit. Due to tax on purchases being higher than tax on sale. In such a case, you are allowed to carry forward or claim a refund.
    If tax on inputs > tax on output –> carry forward input tax or claim refund
    If tax on output > tax on inputs –> pay balance
    No interest is paid on input tax balance by the government
  • Input tax credit cannot be taken on purchase invoices which are more than one year old. Period is calculated from the date of the tax invoice.
  • Since GST is charged on both goods and services, input credit can be availed on both goods and services (except those which are on the exempted/negative list).
  • Input tax credit is allowed on capital goods.
  • Input tax is not allowed for goods and services for personal use.
  • No input tax credit shall be allowed after GST return has been filed for September following the end of the financial year to which such invoice pertains or filing of relevant annual return, whichever is earlier.

Conditions for claiming Input Tax Credit

  • You must be registered under GST
  • Supplier of goods/service must be registered under GST
  • Supplier has issued ‘Tax Invoice’ to you
  • Supplier has actually deposited the tax to the government.
  • Supplier has furnished the GST return and has credited your GSTIN by amount of GST paid by you to him
  • If the inputs are received in installments, you will be able to get credit only when last installment is received.
  • Payment must be within 180 days of the date of issue of invoice. In case you have not made the payment within 180 days, credit availed by you will be reversed. However, you will be able to claim credit once you make the payment again.
  • In case of part payment, proportionate credit will be allowed.

Also check : 1) GST Do’s and Dont’s

                       2) Impact Of GST on Households

                       3) GST  Invoice Formats

gst input credit

Complete Guide : Will I Get The GST Input Credit Or Not?

gst input credit

Complete Guide : Will I Get The GST Input Credit Or Not?

GST has been welcomed with all the pomp and show, and deservingly so. It has inherent advantages. We all know that amount paid as GST on purchases or even expenses can be claimed as GST input credit. This was not possible in the earlier regime of VAT and Service Tax. 

Example: If you were dealing in sale of goods where VAT was chargeable and had paid service tax for availing service of Chartered Accountant, you could not avail the credit of service tax paid to your CA against payment of VAT. This is now possible under GST since there is no difference in tax on goods or services. Now, if your VAT payable on goods sold is Rs 30,000, and if you availed services of a CA and paid GST of say, Rs 18,000, then you will get a GST input credit of Rs 18,000 against payment of Rs 30,000 GST payable. Hence, you net GST payable will be Rs 12,000 only.

Woaahh, what a relief to an entrepreneur. But, but, but, there is little sad news, just little.

There are certain expenses, on which credit will not be allowed.

Continue reading “Complete Guide : Will I Get The GST Input Credit Or Not?”

Documents Required For GST

Documents Required for GST Migration/ Registration

Documents Required for GST Migration/Registration

Documents Required For GST

We guided you on how to migrate your business registration from Service Tax or VAT to GST in ‘GST registration awaits Service Tax registrants!’. Here, we bring you the documentation requirement to carry out the migration. Here is the list of documents required for GST migration, depending upon your business entity:

1. Documents required for Private Limited Company (Pvt Ltd)/Public Company (limited company)/One person company (OPC):

    – Company documents

  • PAN card of the company
  • Registration Certificate of the company
  • Memorandum of Association (MOA) /Articles of Association (AOA)
  • Copy of Bank Statement
  • Declaration to comply with the provisions
  • Copy of Board resolution

    – Director related documents

  • PAN and ID proof of directors

    – Registered Office documents

  • Copy of electricity bill/landline bill,  water Bill
  • No objection certificate of the owner
  • Rent agreement (in case premises are rented)

2. Documents required for Limited Liability Partnerships (LLP):

    – LLP documents

  • PAN card of the LLP
  • Registration Certificate of the LLP
  • LLP Partnership agreement
  • Copy of Bank Statement of the LLP
  • Declaration to comply with the provisions
  • Copy of Board resolution

    – Designated Partner related documents

  • PAN and ID proof of designated partners

    – Registered Office documents

  • Copy of electricity bill/landline bill,  water Bill
  • No objection certificate of the owner
  • Rent agreement (in case premises are rented)

3. Documents required for Normal Partnerships

    – Partnership documents

  • PAN card of the Partnership
  • Partnership Deed
  • Copy of Bank Statement
  • Declaration to comply with the provisions

    – Partner related documents

  • PAN and ID proof of designated partners

    – Registered Office documents

  • Copy of electricity bill/landline bill,  water Bill
  • No objection certificate of the owner
  • Rent agreement(in case premises are rented)

4. Documents required for Sole proprietorship/Individual

    – Individual documents

  • PAN card and ID proof of the individual.
  • Copy of Cancelled cheque or bank statement.
  • Declaration to comply with the provisions.

    – Registered Office documents

  • Copy of electricity bill/landline bill,  water Bill
  • No objection certificate of the owner
  • Rent agreement (in case premises are rented)

We can help you find Chartered Accountants where you can get GST Registration done , at a mere cost of Rs 999/- (excluding DSC cost).
Click here to visit CA in Delhi’s homepage to choose from a list of Chartered Accountants in Delhi to get GST Registration done.

how to register for gst

How To Register For GST : Step By Step Guide

How To Register For GST : Step By Step Guide

GST GST GST! I have heard so much about GST, I know that it is Goods and Service Tax, it will be one nation, one tax regime, taxes will be simplified and much more. Now what?
It’s time for some action, bro! Get registered. It’s a show time. This post will guide you how to register for GST

Service Tax registrants, if you were not registered under VAT, your enrollment into GST will start from 9th January, 2017. For VAT registrants, last date of December 31st has been extended till January 31st to give you more time to migrate.

Yes, I am an action man, CA In Delhi, tell me what to do!

It will give you immense pride to know that this entire GST migration and registration procedure is paperless. You won’t have to visit to submit hard copies. Here is a stepwise process to migrate to GST:

  1. Provisional ID and Password: You will be provided provisional ID and password by Service Tax Department (Central Board of Excise and Customs) once you log in. In case you have not received the same, contact the servie tax department.
  2. Create user id and password on GST: Once you get a provisional ID and password, you need to create a unique username and new password using provisional ID and password on GST common portal www.gst.gov.in. On creation of the same, you get a provisional GST number.
  3. Fill Enrollment Application: Here you need to provide details of your business, proprietor, managing director, partner, karta, authorized signatory, among other details. You would also need to fill details of principal place of business, additional places of businesses, and bank details.
    Supporting documents will be attached in every stage of filing. You can check the list of documents here.
  4. Details of goods and services supplied: Details of the top 5 services along with the Service Accounting Code should be given under the details of services. Similarly, HSN wise details of 5 top goods should be specified.
  5. Submit Application: All the applications will be submitted electronically- either through Digital Signature Certificate (DSC) or Aadhaar number. DSC submission is mandatory for companies and LLP, while other tax payers can submit using Aadhaar One Time Password.

The process is complete, and after successful verification, you will receive Acknowledgement Receipt Number (ARN) within next 15 minutes. Save this number for your record, so that you can track your application once GST Act comes into force.

We can help you in migrating to GST at a mere cost of Rs 1,200/- (excluding DSC cost).

Click here to initiate process

GST Registration

GST Registration : Migrate to GST Now

GST Registration

What is GST & How to do GST Registration?

GST (Goods and Service Tax) is a tax levied when a consumer buys a goods or services. The main aim of introducing GST is to bring all the taxes in a single umbrella. This bill helps to eliminate the cascading effect of taxes on production, distribution prices on goods & services. Goods & service tax refers to indirect tax which replaces taxes levied by the central & state government.

GST bill abolish indirect taxes like VAT, Service tax, excise, octroi.

Migration to GST

If you’re an existing taxpayer registered under any of the below mentioned authorities, then you are Liable to migrate and enrol under GST system portal.

  • Central Excise
  • Service Tax
  • State sales tax/VAT (except exclusive liquor dealers)
  • Entry tax
  • Luxury Tax
  • Entertainment tax

Migration here means validating the data of existing taxpayers and filing up the remaining key fields.

Steps to migrate to GST can be read here.

We can help you in migrating to GST at a mere cost of Rs 1,000/- (excluding DSC cost).

Clicke here to initate proces

CA In Delhi

Start A Partnership Firm : Full Guide

Partnership Firm

Related image

A Partnership is a business structure in which two or more individuals manage and operate a business in accordance with the terms and goals set out in the Partnership Deed. Partnership registration is relatively easy and is prevalent among small and medium sized businesses in the unorganized sectors.

WHY PARTNERSHIP REGISTRATION?

  • Relatively Cheaper than Company and LLP
  • Minimal Compliances
  • Easy to establish
  • Audit not required

Partnership can be done with deed registration as well as without deed registration.

To initiate process:

With deed registration (Rs 8,000/-) :  Click here to initate process

Without deed registration (Rs 3,500/-)Click here to initiate process

Private Limited Company

Start A Private Limited Company

Start A Private Limited Company

Image result for private limited company

Hmmm…I want to start a business, raise funds from investors and expand operations all over. I want investors to own my company, but should not interfere in my day to day operations. At the same time, if something goes wrong, I want my liability to be limited. But, but. but,…. compliance requirements are relatively higher and so is the costing.

If you are planning to raise funding, we believes private limited company should be the preferred choice of business. It allows a significant degree of separation between operations and ownership. It gives investors a choice of exiting the company without any hassle by just selling the shares without being liable for company affairs.

It is a privately held business entity with limited liabilities.

Another fact that we want you to know is that if a business is planning to go global, then the Private Limited Company is the only form which allows 100% Foreign Direct Investment, without any prior government approval.

Private Limited Company should be the preferred choice of business if you are planning to raise funding. It is a privately held business entity with limited liabilities.

It allows a significant degree of separation between operations and ownership. It gives investors a choice of exiting the company without any hassle by just selling the shares without being liable for company affairs.

If a business is planning to go global, then the Private Limited Company is the only form which allows 100% Foreign Direct Investment, without any prior government approval.

 

WHY PRIVATE LIMITED COMPANY?

 

EASE OF FORMATION

A Private Limited Company can be formed by two persons only, by complying with the prescribed formalities of the Companies Act. With Spice forms, this is the fastest way to register a company

SEPARATE LEGAL ENTITY

The biggest advantage of a Private Limited Company is that its identity is distinct from that of its members. A company is a separate person having its own rights & Obligations.

PERPETUAL SUCCESSION

In case of death of the owner or transfer of shares, your business won’t get affected. There will be no effect on firm’s continuance.

LIMITED LIABILITY

The greatest benefit of Private Limited Company is limited liability. If any liability arise then its member is not personally affected; members are only liable for unpaid shares held by them and not more than that. Stakeholders are not liable for corporate debts and liabilities

GREATER FLEXIBILITY

A Private Limited Company is required to perform lesser legal formalities as compared to a Public Limited Company. It enjoys special exemptions and privileges under the company law. Therefore, in Private Limited Company, less number of compliance is required.

SECRECY

A Private Limited Company is not required to publish its accounts or file several documents. Therefore, it is in a better position than a public company to maintain business secrets.

INVESTMENT

Flexibility to raise investments or loans from NRIs and Foreigners. Easy to raise investments and corporate loans

TRANSPARENCY

Private Limited Company enjoys enhanced transparency thus able to win the trust of general public.

MINIMUM COMPLIANCE

Private Limited Company enjoys enhanced transparency thus able to win the trust of general public.

MOVING STEP BY STEP


Time Period:

Within 7 days, if documents are ready!

Click here to initiate process