legal-n-tax

Goods and Services Tax (GST) has streamlined indirect taxation in India, yet the GST refund mechanism remains one of the most technical and procedure-driven aspects of the law.  GST Refund Services in India  play an important role in helping businesses understand refund eligibility, statutory provisions, documentation, and compliance requirements under the GST framework. This article explains the GST refund concept, types of refunds, procedures, timelines, and the role of professional assistance in a structured manner. Understanding GST Refunds in India A GST refund refers to the process through which a registered taxpayer can claim excess tax paid or accumulated input tax credit (ITC) under the GST law. Refunds may arise due to exports, inverted duty structure, excess payment of tax, or cancellation of registration. The Central Goods and Services Tax Act, 2017, along with corresponding rules, governs the refund mechanism. GST Refund Services in India focus on interpreting the...

Charitable trusts, societies, and non-profit organizations in India operate within a defined legal and tax framework under the Income Tax Act, 1961. Among the most significant compliance requirements for such entities are  80G and 12AB Registration .  These registrations play a crucial role in determining the tax status of charitable institutions and the benefits available to donors contributing to them. This article provides a detailed, factual overview of the concept, legal relevance, procedure, online system, and cost-related aspects associated with these registrations. Understanding 80G and 12AB Registration 12AB registration  is the foundational registration granted to charitable organizations under Section 12A/12AB of the Income Tax Act. It establishes the legal recognition of an organization as a charitable entity eligible for income tax exemption on its surplus income, subject to compliance with prescribed conditions. 80G registration , on the other hand, allows d...

Fundraising is a structured and regulated process that requires careful planning, financial clarity, and legal awareness. Organizations seeking capital—whether for expansion, social impact initiatives, or operational sustainability—often rely on expert guidance to navigate the complexities involved.  Fundraising advisory services  play an important role in helping entities understand funding options, regulatory requirements, and long-term implications. Legal N Tax India operates as a fundraising consulting firm that focuses on providing informational and compliance-oriented guidance across various fundraising stages. Understanding Fundraising Advisory Services Fundraising advisory services involve professional guidance aimed at helping organizations prepare for, structure, and manage fundraising activities. These services are not limited to identifying funding sources; they also include assessing organizational readiness, understanding applicable laws, and ensuring financial t...

Micro, Small, and Medium Enterprises (MSMEs) play a pivotal role in India’s economic framework. They contribute significantly to employment generation, industrial output, and entrepreneurial growth. As businesses seek to utilise government-backed benefits, subsidies, and regulatory support, MSME registration has become an essential compliance step. This blog provides an in-depth, educational overview of  MSME registration in Delhi , its relevance, eligibility requirements, documentation, and the structured approach needed for completing the process accurately. Understanding MSME Registration in Delhi MSME registration is designed to formally recognize micro, small, and medium-sized units and provide them access to various schemes and support initiatives. In Delhi, the process follows the national framework established under the Micro, Small and Medium Enterprises Development Act. Registration is completed through the Udyam portal, which assigns a unique Udyam Registration Number. T...