How can I become eligible to get benefits under the Startup India Initiative?

Startups are in trend nowadays in India. The government has started promoting Startup India under the leadership of PM Narendra Modi. Startup India Initiative believes in building a strong and powerful ecosystem that is beneficial for the growth of startups. Its main aim is to empower startups through technology and innovation.

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Requirements for Setting up a Private Limited Company

A private company is a company that is entirely held by private stakeholders. The liability of patterns is limited to the number of shares owned by them. All types of businesses have their requirements for setting up before they are incorporated. The private company can be set up through an online company registration-Ontaxco portal.

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Tips to Avoid Delays in FSSAI registration

Due to the ongoing pandemic, the FBOs Food Business Operators are facing major issues regarding FSSAI registration. They are not able to meet regular compliance for startups. Additionally, the FBOs are facing a huge delay in getting an FSSAI license or FSSAI registration. Some of them are not able to renew their existing FSSAI registration for an FSSAI license.

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What are the Different Types of FSSAI License?

FSSAI or Food License is a license that is essential for business owners before starting any food business. FSSAI license is permitted to all traders, manufactures, restaurants, dairy farms implementing any food company. Apply for FSSAI license or food license registration, and get a 14-digit registered or license number that should be mentioned on every food package. An FSSAI for Food License will help you expand your business and regulate storage, manufacture, distribution, import of food, and sale.

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Reverse Charge Mechanism (RCM)

Reverse Charge is a Mechanism under which the liability to pay the tax is on recipient instead of supplier of Goods or services. In normal circumstances, Supplier collects the tax from Buyer and deposit the same to government. In simple term, we can say that, under reverse charge mechanism Buyer directly deposit the due tax to government instead of paying to the supplier.

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