How to raise a complain on GST payment issues

Goods and service tax is the only way to pay the Tax on sale and et the input tax credit on sale but many times we get to see the payment issues or many more on the portal of GST. So there is the option where we can easily complain about those issues which we are going through.

Offline mode

  1. Internet banking
  2. Debit card
  3. Credit card

Online mode

  1. RTGS( real time gross settlement)
  2. NEFT(national electronic fund transfer)
  3. OTC(over time counter mode)

While making payment first we have to create challan on GST portal then pay the tax through online payment and while paying the amount we may face the payment issue. So if anyone want o get rid off with the issue the can raise the complain


Kinds of GST payment issues for which we can file complain or grievance.

  1. When the taxpayer are unable to do payment through NEFT/RTGS.
  2. When the taxpayer have paid the tax and the amount has been deducted from the bank but the electronic cash ledger are not showing the amount

Who can raise the complain.

Only two concerns are eligible to raise the complain and they are followings. The GST portal handles all the grievances to resolve the issues of users and then they call to the bank based on the Common Portal Identification Number (CPIN) and the name of bank which have entered by the users of GST.

  1. Any registered taxpayers.
  2. If any user who have a temporary I’d.

How to raise a grievance in form GST PMT-07 on portal

Step1. Login to the GST portal >service >user services >grievance/ complaints.

Step2. After coming to the grievance type choose the option (grievance against payment GST PMT-07) in the drop down list as below.

Step3. Select the grievance related reason from the below drop down list.

Step4. Now you will get to fill the information of the taxpayer who want to raise the complain as bellowed.

  • The name of the taxpayer, mobile no., email address, address of business will be auto-populate as we have already logged in the gst portal.
  • After filling the necessary details you have to upload the desired documents by clicking on the tab of ‘choose file’ button , make sure the document should be in JPEG or PDF and the size should be 500 KB.
  • enter the CPIN in the discrepancy of payment section then the payment related details will be auto-populate then enter the date in which the payment has done.
  • Select the authorized signatory and do sing of that taxpayer or choose the EVC and enter the OTP.
  • Then you will get the generated tracking number to the registered email address so the you can track the process.

What is limited liability partnership

INTRODUCTION:

Limited Liability Partnership (LLP) is a body corporate formed by 2 or more partners is legal entity separate from that of its members, partners having limited liability. LLP is governed by The Limited Liability Partnership Act, 2008.

NO OF PARTNERS:

  • MINIMUM- 2
  • MAXIMUM- NO LIMIT

Among the partners there should be minimum 2 Designated Partners who shall be individuals, and at least one of them should be a Resident in India.
FEATURES:
• PERPETUAL SUCCESSION: An LLP will continue its business regardless of possible partner change.. The LLP continues to exist until it is wound up or struck off.

CAPACITY TO SUE AND TO BE SUED: Capacity means the legal competence of person. One can sue both the partnership and its partners, for damages and liability

NO LIMIT ON NO. OF OWNERS: Minimum 2 partners and there is no upper limit on Maximum no. of partners.

LOWER COST TO REGISTER: The cost of registering LLP is low as compared to the cost of incorporating a private limited or a public limited company.

NO REQUIREMENT OF COMPULSORY AUDIT:  LLP, whose turnover does not exceed  in any financial year 40 lakh rupees, or whose contribution does not exceed 25 lakh rupees, is not required to get its accounts audited.

MUTUAL AGENCY: Action of one partner does not bind others. independent or unauthorized action of one partner does not make other partners liable.

SEPARATE LEGAL ENTITY: Just like a company, LLP also have a separate legal entity. it can hold properties on its own name, can sue and be sued etc.

COMMON SEAL: If the partners decide, the LLP can have a common seal [Section 14(c)]. it is not mandatory. if it decides to have a seal, then it should be kept with a responsible person and can be affixed in a presence of 2 designated partner.
LIMITED LIABILITY: According to Section 26 of the Act, every partner is an agent of LLP and not of the partners, every partner's liability is limited to the extent of his agreed contribution.

NO DIVIDEND DISTRIBUTION TAX: LLP is liable for payment of income tax and share of its partners in LLP is not liable to tax. Thus no dividend distribution tax is payable.

REGISTRATION:

OBTAIN DIGITAL SIGNATURE CERTIFICATE (DSC):  All the documents are required to filed online and required to be digitally signed. therefore, before registration designated partners should apply for digital signature.

APPLY FOR DIRECTOR IDENTIFICATION NUMBER(DIN):  All the designated partners or those intending to be designated partner of the proposed LLP should apply for DIN.  The application for allotment of DIN has to be made in Form DIR-3. The form shall be signed by a Company Secretary in full- time employment of the company or by the Managing Director/Director/CEO/CFO of the existing company in which the applicant shall be appointed as a director.

NAME APPROVAL: LLP-RUN(Limited Liability Partnership-Reserve Unique Name) is filed for the reservation of name of proposed LLP which shall be processed by the Central Registration Centre under Non-STP. The form RUN-LLP has to be accompanied with fees as per Annexure ‘A’ which may be either approved/rejected by the registrar. A re-submission of the form shall be allowed to be made within 15 days for rectifying the defects. There is a provision to provide for 2 proposed names of the LLP.

INCORPORATION OF LLP:   FiLLiP(form for incorporation of Limited Liability Partnership) shall be filed with registrar. The form will be an integrated form. fees will be as per Annexure 'A' shall be paid.

FILE LLP AGREEMENT: It governs the mutual rights and duties between the partners and also between the LLP and partners. LLP agreement must be filed in FORM 3 online on MCA Portal. it should be filed within 30 days from the date of incorporation.

10 most important things to remember while doing export

Nowadays doing export known as very popular trading all around the world. Traders always want to precede their business towards doing export as they want to get high turnover and want to be popular all around the world. Our government also appreciates us to do exporting the goods and services as the exports are not taxable at all. But it is not simple as said. There are so many things to be remembered and the documentation is also important to keep in mind.

These followings are the documents which is necessary to have while doing export and after that we will have look on the brief knowledge about all these documents.

  • Pro Forma invoice
  • Coo certificate or country of origin
  • Customs packing list
  • Commercial invoice
  • Shipping bill
  • Bill of lading or airway bill
  • Letter of credit
  • Bill of sight
  • Export license
  • Health certificate
  • Warehouse receipt

The Pro forma invoice: – this invoice is same as a purchase order which is done by the needy person of the goods before the sale. It is based on the term and conditions which have made between the exporter and importer through any communication medium.

Coo certificate:-country of origin certificate(coo) is a kind of declaration certificate which proofs that the goods which is shipped is fully produced or manufactured by the particular country from where it is shipping.

Customs packing list: – The customs packing list is usually attached with the shipped goods in the water proof pouch. This document contains the list and numbers of goods which is exported to the particular country.

Commercial invoice: – this document is very important to issue by the exporter to the importer because the custom clearance department will always ask for the document as it contains the whole description about the goods which is going to shipped at the destiny. For example:- quantity of goods, selling price, weight, volume, packing cost, term of delivery or payments and then the custom representative will match all the things with the order and then they will decides that whether they should confirm the goods to reach at the port or not.

Shipping bill: – This is known as a traditional way which is used by the exporters since very long and it is always submit by the custom online software system (ICEGATE) and for making this document exporter have to keep required document by the ICEGATE.

Bills of lading: – the bill of lading use to issue by the carrier to the shipper which is an evidence of the transport for the goods which is must be signed by the authorized signatory.

Letter of credit: – letter of credit is shared by the bank of importer which mean the importer are doing payment on the behave of their mutual terms and condition. The order can only dispatched if the exporter have this letter of credit to them.

Bill of sight: – The bill of sight declares that, the nature of the goods which is being shipped is unsure to the exporter. And this bill indicates the importers to make sure about the shipped goods and then only they should do payment. However along with the bill of sight the exporter have to send the letter which shows the allowance of the importer.

Export license: – all the business entities must have a export license so that the custom could forward the goods for to the destiny. This should only produced by the shipper of the good according to the goods which is going to be shipped.

Health certificate: – This certificate is only mandatory at the time when the exporting goods are related to the food material. Health certificate is issued by the authorized government organization from where the shipping is going to start. The motive of the certificate is to indicate that the food materials are fully safe to consume.

Warehouse receipt: – the warehouse receipt is only needed when the ICD is involved and it is generated when all the realistic freight charges and export duties of custom have clear.

10 Things why you should not form a private limited company

10 Things why you should not form a private limited

While forming any business everybody go through a very difficult situation and that is whether they should form a Private limited company or not as they have many choice other than private limited company. And in this situation people always search for the advantages and disadvantages so that they can easily have an idea about the situation in which they are going to be and be aware from all the issues.

So here

While forming any business everybody go through a very difficult situation and that is whether they should form a Private limited company or not as they have many choice other than private limited company. And in this situation people always search for the advantages and disadvantages so that they can easily have an idea about the situation in which they are going to be and be aware from all the issues.

So here first of all let’s know about what is the private limited company.

Private limited company is a business entity which is made for the medium and large size of business, however being continue with a private limited company is not an easy task for small business entities.

So here let’s have look on the disadvantages of the private limited company and why we should not form such company in future.

Registration process: – if we talk about the process of registration then it is the long lasting process which will take around 10-15 days and the cost will be approx 16000 including all the things, which is too high as compare to proprietorship.

Ownership right: -One of the Major disadvantages is that if any entrepreneur who have desire to operate pvt. Ltd. Company then they can’t operate solo as in the section 149(1) of the companies Act 2013 it’s important to have at least 2 directors in the private limited company and 3 directors should have in public companies and a single director in one person company.

Equal right: -In the private limited companies the directors are not eligible to take their own decision. If they want any changes or any kinds of decision to be taken then they must have to take consent of all the existing partners and if any one of them is disagree from the decision then it will be against of the company act 2013.

Loan Liability: -let’s suppose if the pvt. Ltd company have taken the loan then at the time of repayment of the loan all partners are equally liable for the repayment instead of the single person but the ratio of the loan repayment will be according to their company’s deed. There are also few things to be noted while talking about the liability is that no matter what’s the nature of the company if the name of company is Mis-discribed and have done the contract. Then the partners will be liable to pay the loan liability.

Company’s wind up:-Aswe know the registration of a private limited company are very costly and time consuming same as that the process of winding up are also time consuming and costly as well. However the members of the company should register their self only when they are concern towards promoting their business or want the company to grow up with the serious mind set.

Compliances of the private Equal right: -In the private limited companies the directors are not eligible to take their own decision. If they want any changes or any kinds of decision to be taken then they must have to take consent of all the existing partners and iEqualf any one of them is disagree from the decision then it will be against of the company act 2013.limited company: -If we talk about the compliances under section 134 then there are bunch of compliances as following which is literally not easy at all.

  • Board meeting: – Inthe board meeting at least 4 board meetings should be done in the whole year and at least 1 meeting in the quarter and the in the meeting at least 2 directors or 1/3 of the director whichever is greater should be present in the board meeting.
  • Annual general meeting: – In the AGM gathering of all the shareholders of the company is mandatory within the 6 month from the closing date. In which use to do the approval of financials, appointment and re-appointment of auditor, director’s remuneration, dividends etc. the AGM must be held at the registered office.
  • Director’s report: – In the director’s report directors have to declare about their directorship of other companies every year. And it should be declared on that director’s report with signature.
  • Maintaining the statutory register and minutes book:– there are few registers which should be maintain and that is register of member, director, contract, and the last register of charges. And the registers must have to keep in the registered office.

And many more compliance is required including the ROC works as well. So that’s why it is said that why we should always lead our business towards simplicity and all the entrepreneur can grow their business with the ease.

first of all let’s know about what is the private limited company.

Private limited company is a business entity which is made for the medium and large size of business, however being continue with a private limited company is not an easy task for small business entities.

So here let’s have look on the disadvantages of the private limited company and why we should not form such company in future.

Registration process: – if we talk about the process of registration then it is the long lasting process which will take around 10-15 days and the cost will be approx 16000 including all the things, which is too high as compare to proprietorship.

Ownership right: -One of the Major disadvantages is that if any entrepreneur who have desire to operate pvt. Ltd. Company then they can’t operate solo as in the section 149(1) of the companies Act 2013 it’s important to have at least 2 directors in the private limited company and 3 directors should have in public companies and a single director in one person company.

Equal right: -In the private limited companies the directors are not eligible to take their own decision. If they want any changes or any kinds of decision to be taken then they must have to take consent of all the existing partners and if any one of them is disagree from the decision then it will be against of the company act 2013.

Loan Liability: -let’s suppose if the pvt. Ltd company have taken the loan then at the time of repayment of the loan all partners are equally liable for the repayment instead of the single person but the ratio of the loan repayment will be according to their company’s deed. There are also few things to be noted while talking about the liability is that no matter what’s the nature of the company if the name of company is Mis-discribed and have done the contract. Then the partners will be liable to pay the loan liability.

Company’s wind up:-Aswe know the registration of a private limited company are very costly and time consuming same as that the process of winding up are also time consuming and costly as well. However the members of the company should register their self only when they are concern towards promoting their business or want the company to grow up with the serious mind set.

Compliances of the private limited company: -If we talk about the compliances under section 134 then there are bunch of compliances as following which is literally not easy at all.

  • Board meeting: – Inthe board meeting at least 4 board meetings should be done in the whole year and at least 1 meeting in the quarter and the in the meeting at least 2 directors or 1/3 of the director whichever is greater should be present in the board meeting.
  • Annual general meeting: – In the AGM gathering of all the shareholders of the company is mandatory within the 6 month from the closing date. In which use to do the approval of financials, appointment and re-appointment of auditor, director’s remuneration, dividends etc. the AGM must be held at the registered office.
  • Director’s report: – In the director’s report directors have to declare about their directorship of other companies every year. And it should be declared on that director’s report with signature.
  • Maintaining the statutory register and minutes book:- there are few registers which should be maintain and that is register of member, director, contract, and the last register of charges. And the registers must have to keep in the registered office.

And many more compliance is required including the ROC works as well. So that’s why it is said that why we should always lead our business towards simplicity and all the entrepreneur can grow their business with the ease.

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