Blog - PRO ADVISORS

COVID-19 & ITS IMPACT ON INDIAN BUSINESS & ECONOMY

COVID-19 & ITS IMPACT ON INDIAN BUSINESS & ECONOMY Coronavirus outbreak was first reported in Wuhan, China on 31 December, 2019. Before reading in detail about the impact, first, let us study about coronavirus.Coronavirus (CoV) is a large family of viruses that causes illness. It ranges from the common cold to more severe diseases like Middle East Respiratory Syndrome (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS-CoV). The novel coronavirus is a new strain of virus that has not been identified in human so far.WHO is working closely with global experts, governments, and other health organizations to provide advice to the countries …
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Business Structure: What Would Work Best For You?

Business Structure: What Would Work Best For You? Starting a new business follows a long to-do list. As you master your business part, I want to discuss a crucial part of this setup – choosing the right business structure. Checkout the main business structures in India.To choose one from various structures can be a daunting task. But, the clarity about the vision and scale of business makes this choice easier. You must know the level of control you want, the level of compliance you will be able to follow, the amount of investment you will require, and more.The business structure …
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Impact of GST on Real Estate Sector in India

Impact of GST on Real Estate Sector in India

Impact of GST on Real Estate Sector in India In this Article, we will discuss about the New Scheme under GST regime for Real estate promoters/ developers which was introduced by the GST council through NN. 03/2019 dated 29th March, 2019. Highlights of Revised Scheme: The new scheme is compulsory for projects commenced on or after 01-04-2019. The revised scheme applies to residential apartments in Real Estate Project (REP) and Residential Real Estate Project (RREP) and commercial apartments in RREP which are covered under RERA [Real Estate (Regulation and Development) Act, 2016]. ITC cannot be claimed. In case of on-going projects, developer has an …
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WHAT IS UDYAM REGISTRATION & ITS BENEFITS

WHAT IS UDYAM REGISTRATION & ITS BENEFITS UDYAM REGISTRATION As per the notification issued by the ministry of micro small-medium enterprises on 1st June 2020, MSMEs will now be known as Udyam. And the registration process for an organization as an Udyam will be called Udyam Enrollment Registration. Government Udyam Registration portal is a self-declaration basis portal without adding or uploading any document/ certificate/ paper.Any person who intends to establish Micro, Small, or Medium businesses will have to file for Udyam registration in the online Udyam Registration Portals. The business will subsequently be issued an Udyam Registration Number and an E-certificate namely, ‘Udyam Registration Certificate’ …
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