Asc Group

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About Asc Group

In 1995, Mr. Alok Kumar Agarwal, who is currently the CEO of the ASC Group and Managing Partner of the Chartered Accountant Business, formed "Alok Sinhal & Co.," a chartered accounting firm. This was the beginning of the ASC Group's adventure. The Group has more than 25 years of experience advising Fortune 500 multinationals and numerous Indian business houses on a variety of topics, such as company formation, business reorganisation, cross-border taxation advisory, taxation advisory, foreign trade policy, foreign direct investment, support for tax litigation, FEMA advisory, GST consultancy, legal metrology, bureau of Indian standard, internal audit, and transaction support services.

GST Annual Return Filing: A Complete Guide for Businesses

Asc Group20 May, 2023Business

Filing the GST annual return is an important compliance requirement for businesses registered under the Goods and Services Tax (GST) regime in India. This comprehensive guide aims to provide businesses with a clear understanding of the GST annual return filing process. It covers the basics of GST annual return, the types of annual returns to be filed, the information and documents required, the due dates, and step-by-step instructions for completing the filing. Additionally, it highlights common challenges and mistakes to avoid, as well as the significance of accurate and timely filing. By following this guide, businesses can navigate the GST annual return filing process with confidence and ensure compliance with GST regulations. ASC Group is the leading GST Consultant assisting in services like GST return filing, GST Audit, GST Return, etc.

Benefits of outsourcing GST compliance services to a professional GST consultant

Asc Group20 May, 2023Business

Outsourcing GST compliance services to a professional GST consultant offers several benefits. First, it ensures accurate and timely filing of GST returns, minimizing the risk of errors and penalties. Second, it allows businesses to stay updated with changing GST regulations and compliance requirements, as the consultant keeps track of any updates and ensures compliance accordingly. Third, it saves time and resources for businesses, as the consultant takes care of GST-related tasks, allowing the internal team to focus on core business activities. Fourth, it helps in maximizing input tax credits and optimizing GST processes, leading to potential cost savings and many more. Overall, outsourcing GST compliance services to a professional GST consultant like ASC Group streamlines operations, reduces compliance risks, and enhances the overall efficiency of the business.

The Bonus Issue of Shares in India: An In-Depth Guide

Asc Group08 Feb, 2023Business

This article describes the concept of a bonus issue of shares in India. It explains that a bonus issue is a method used by companies to distribute profits to shareholders by issuing new shares, without requiring them to pay any consideration. The impact of a bonus issue on the company's share capital and reserves, and how it can benefit both the company and the shareholders. In conclusion, the article encourages readers to seek assistance from the ASC Group for any questions regarding the bonus issue

EPR Authorization Mandatory Certificate for E-waste/Plastic Waste Management

Asc Group10 Nov, 2022Legal

It is mandatory for an Importer/Manufacturer/Brand Owner to obtain the EPR certificate in India to keep plastic/e-waste under control. EPR (Extended Producer?s Responsibility) refers to a policy-based approach that aims to vest potential waste generators with a liability of handling pre-consumer and post-consumer waste. We at ASC provide end-to-end solutions from Registration - Compliance - Recycling with regards to e-waste/plastic waste/battery waste EPR Authorization on pan-India basis.

A Comprehensive Guide to Section 42 of the Companies Act of 2013

Asc Group08 Nov, 2022Legal

Section 42 of the Companies Act, 2013 (the "Act") states that a company may make a private placement to a limited number of people. A private placement offer letter is a letter in which a company offers or invites a select group of people to subscribe to its shares in lieu of a public offering.

Income Tax e-filing portal 2.0 Features & Services

Asc Group08 Nov, 2022Legal

Income Tax e-filing portal 2.0 provides a range of features and services for taxpayers. The portal allows users to file their income tax returns, make payments, view their tax information, and more. The portal also provides a range of resources for tax professionals, including a searchable database of tax laws and regulations, a calendar of tax events, and more.

Documents required for Bureau of Indian Standards (BIS) Registration

Asc Group03 Nov, 2022Legal

A company can register with the BIS through the BIS registration process, and once registered, they are granted permission to use the BIS emblem on their products. An indication of quality that a product complies with the applicable Indian Standard is the BIS certification mark. For items that are not covered by an Indian Standard but which meet the parameters of the scheme, BIS-CRS registration is a voluntary programme. All manufacturers, both Indian and foreign, are eligible for the programme.

What Is GST Refund and How Do I Claim It?

Asc Group29 Oct, 2022Legal

The GST framework covers refunding any taxes that have been paid in excess of the amount of tax due. The additional tax may be owed by either the customer or the provider. Refund requests can come from either the client or the supplier. The only time a customer may ask for a refund is if they have already paid the extra tax. It is only feasible for the supplier to ask for a GST refund after the supplier has paid the excess tax.

Under Liquidation Process by Insolvency Professional, Insolvency Resolution Plan

Asc Group28 Oct, 2022Legal

The main legislation governing bankruptcy and liquidation processes in India is now the Insolvency and Bankruptcy Code, 2016. After a corporate insolvency resolution procedure, efforts are undertaken to keep the entity's business operating. The corporate debtor that is subject to liquidation proceedings has a resolution plan prepared by the resolution applicant for its restoration or resolution as a going concern.

What is the Eligibility requirement for AEO Registration?

Asc Group28 Oct, 2022Legal

A corporation or person is an authorised economic operator (AEO) if they have received certification from the appropriate government in their nation that they have satisfied specific requirements. In order to facilitate and secure cross-border commerce on a worldwide scale, the World Customs Organization (WCO) created the AEO concept in 2005.