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Introduction of New Regulation by FSSAI about Food for Infant Nutrition

Corpbiz9910 Dec, 2020Legal

The FSSAI has come up with the new regulating law which is named as Food Safety and Standards (Food for Infant Nutrition) Regulations, 2019. This particular Act is regarding infant nutrition and health for the babies not above the age of 12 months. Although this Food for Infant Nutrition Regulation existed as part of the Food Safety & Standards (Food Products Standards & Food Additives) Regulations, 201. However, now the FSSAI has framed a separate regulation which has been implemented. This new regulation is more comprehensive.

An Overview on Filing of Form 10BA of Income Tax

Corpbiz9909 Dec, 2020Legal

The taxpayer must declare deductions under section 80GG while recording ITR by full-filling the conditions. Individuals and HUFs can claim 80GG in any of ITR Forms, which is ITR 1, ITR 2, ITR 3, and ITR 4 depending upon their revenue experts. The expected date for filing ITR is 31st July of the next financial year if the tax audit is not suitable.

Explanation on the Applicability of Section 194O under Tax Deducted at Source

Corpbiz9908 Dec, 2020Legal

A new TDS section 194O was unveiled in the Union Budget 2020. E-commerce has become the primary choice for traders and buyers in the recent past. With the increase in online sales, there has been a significant increase in the number of buyers and sellers who trade via online platforms (e-Commerce website). The seller must address their tax liabilities on such income.

Overview on Cost of Trademark Registration

Corpbiz9907 Dec, 2020Legal

Trademark is a branch of Intellectual Property Rights which aims to protect the owner of the goods and services from infringement. It includes words, name or sign which differentiates goods from the goods of other enterprises. A Trademark is a helping tool for the marketing of the goods and makes it easier for the owners as well as the customers, and increases financing of the businesses.

Know in Detail About the Filing of Form GST ITC-03

Corpbiz9905 Dec, 2020Other

Form GST ITC-03 is the form which is submitted by registered taxpayers in exceptional circumstances where an input tax credit availed has to be reversed. Where the taxpayer opts for composition scheme or where his supplies become exempt, he must file a declaration to intimate ITC reversal and payment of tax on inputs held in the stock.

Cloud Kitchen: The Next Big Thing in the Food Industry

Corpbiz9904 Dec, 2020Other

A cloud kitchen is a restaurant kitchen that accepts orders through online ordering systems. Cloud kitchens are commonly engaged in delivering food orders to the customerâ€™s doorstep. Cloud kitchens may have an online ordering application or website for accepting orders via numerous food delivery platforms.

Shedding Light on Food License for Domestic Food Selling Business

Corpbiz9903 Dec, 2020Legal

If you enjoy cooking then start your own Domestic Food Selling Business. These days you can sell food through apps such as Zomato & Swiggy, so it is a grand chance to turn your talent into a business. For a home-based food business, you need to attain the food safety requirements.

How MSME Registration Can Ensure Business Growth?

Corpbiz9902 Dec, 2020Other

MSME is known as Micro, Small, and Medium Enterprises which are considered as the greatest asset to the economy because their contribution is remarkably huge, unlike other sectors. At present, the MSMS sector accounted for 45% of Indiaâ€™s Total Industrial Employment and 50% of the countryâ€™s total exports.

Everything you need to know about FSSAI License Renewal & Validity

Corpbiz9901 Dec, 2020Legal

The entire food business operator in India must obtain FSSAI License, and it is required by all the manufacturers, distributors, transporters, retailers, etc. eligible as per the Food Safety & Standard Act of India Act, 2006. The whole process of FSSAI License Renewal has to be done within 120 days before the expiry date of the FSSAI Registration.

An Overview on How to Get License for Homemade Food Selling in India

Corpbiz9930 Nov, 2020Legal

The Indian government on 23rd August 2006 renders their approval to act to consolidate all the laws regarding food and to set up the Food Safety and Standards Authority of India (FSSAI). That will make the standard on how the food items should be prepared and what should it contain from the safety viewpoint.