Goods and Service Tax is a unified tax system which is levied on different goods and services and all the companies who have a turnover of more than Rs 20 Lakh needs to register for GST.
Earlier it was clearly stated in the notice published by MCA on 06.03.2019 that any company dealing with manufacturing or any such allied activities cannot be incorporated an LLP or can be converted I to LLP, as this sector of the company does not fall under the guidelines of Limited Liability Partnership This notice by MCA faced a huge amount of criticism from media and Institute of Company Secretaries of India (ICSI).
The complaint was filed by a resident of Chandigarh, Dinesh Prasad Raturi, who purchased a pair of shoes on 5th Feb 2019 in a store located in Sector 22 D.
With people expecting a productive government, Instamojo, one of the leading payment solutions company for small businesses have also contributed their bit to make 2019 elections a platform for the MSME sector.