Equipping Modern Enterprises with Powerful GST & E-Way Bill Solutions

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  • GST Filing & Reconciliation
  • E-Way Bill Automation
  • GSTIN Search & E-Way Bill APIs

Tax Deductions Under Section 80 of the Income Tax Act

Deductions under the Income Tax Act will help in saving your income by reducing the tax liability via different tax deductions available. In this article, we will understand the tax deductions under section 80 of the Income Tax Act. Section 80C As per Section 80C of Income Tax Act, an individual or member of HUF … Read moreTax Deductions Under Section 80 of the Income Tax Act

Startup Funding

Startup is a buzz word these days that has gained popularity in most of the countries but raising funds for start-up for any entrepreneur is like a herculean task. The necessity for a viable source of capital doesn’t end with the start-up cost alone, but you also need finances to meet day to day expenses … Read moreStartup Funding

Trademark, Patent and Copyright in India

Have a brilliant new idea in your mind that you’re sure will make you rich? Register a patent, trademark or copyright with the government to protect your artwork or product / services from imitators.  All three provide a legal shield against imitators trying to copy and make a buck off your innovative idea. Majorly there … Read moreTrademark, Patent and Copyright in India

Rental Agreement – Format & Terms

A rental agreement or lease agreement, an official contract signed between the owner of a property and the tenant who wishes to take temporary possession of the property for a particular period of time. Further, it shall be drafted on a stamp paper. However, there is a minute dissimilarity between the two which is discussed … Read moreRental Agreement – Format & Terms

MSME Registration Process and Schemes in India

Background Over the last 5 decades, MSME, Micro Small Medium Enterprise or Small Scale Industries (SSI), emerged as the most dynamic and vibrant sector of the Indian economy. As per the msme.gov.in report, MSME contributes around 8% of India’s GDP and covers around 90% of total India’s industrial unit producing more than 6,000 products. In … Read moreMSME Registration Process and Schemes in India

ESIC Registration Process – Benefits, Returns and Penalty

ESI is Employees State Insurance described in the Employees State Insurance (ESI) Act, 1948. It is an combined measure of employees social Insurance and task of protecting interest of employees. ESIC (Employee State Insurance Corporation) strictly regulates and administer this ESI scheme as per the bylaws given in the ESI Act of 1948. In Independent … Read moreESIC Registration Process – Benefits, Returns and Penalty

2019 Budget Key Highlights

Finance minister Piyush Goyal on Friday presented the much-awaited union budget in Lok Sabha. Here are the key highlights of the 2019 budget Income Tax Relief Individual taxpayers with annual income up to 5 Lakhs rupees will get a full tax rebate Standard tax deduction of a salaried person increased from 40k to 50k INR. … Read more2019 Budget Key Highlights

Tax Automation

With GST, tax automation will become critical in meeting regulatory requirements. GST regime mandates a high level of synchronization between tax payer’s system and GST system, which without automation will be an impossible task. Item level detail in invoices, with reconciliation of sales register and auto-populated purchase register, on a minimum three monthly returns, other events such as auto reversals demands automation of tax compliance process within any tax entity.

Nishank Goyal, CEO MIPL