Professional Documents
Culture Documents
Retail is one of India's fastest-growing economic sectors because the working population is increasing and the buying power of the people is also increasing.
TAN
TAN stands for Tax Deduction and Collection Account Number, issued by authorized agent of National Securities Depository Limited It is a 10 digit alpha numeric number Mandatory for all persons who deduct or collect tax taxes are deducted from various clients in the bills and this is mentioned in form 16 or form 16 a when issued to deductees.
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TIN
TIN stands for Taxpayer Identification Number
Registration Act
Objective : to ensure that all land related information are furnished and thereby correct land records can be maintained also used for recording of transactions relating to other
immovable property
provides for registration of supporting documents which give these documents more authenticity Registering authorities are present in all the districts
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registration, opening and closing hours, daily and weekly working hours, holidays, leave, health and safety measures wages for overtime work
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Employees Pension Scheme as applicable The firm also has to make contributions under the Employees State Insurance Act, 1948
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contract labour
The license may impose conditions as to work, fixation of wages and other essential amenities in respect of contract labour
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Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service) Act, 1979
regulates the employment of inter-state migrant
workmen and provides for their conditions of service
Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service) Act, 1979
Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service) Act, 1979 principal employer provides for the displacement allowance and journey allowance contractor provides for adequate wages, medical facilities and other benefits
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of
his
employment
on
superannuation
or
retirement or resignation in case of death of an employee it is payable to the nominee of the employee
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workmen
amount of compensation depends on the nature
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National Tribunals
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domestic market:
1. CST 2. VAT 3. LABOUR CERTIFICATE
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STEP 1
Any shop has to apply for sales tax registration with that sales tax office in whose circle that shop falls in Patna has 6 circles implying 6 offices
Returns..
Quarterly RETURNS have to be filed by 31st of next month. The return includes the details of the goods bought as well as goods sold during the quarter also includes the details of the CST and LST (Bihar
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Against the C form, a CST of 2% has to be paid. In absence of C form, a CST of 5% has to be paid.
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