What are the Benefits of Using GST LUT for Businesses
Introduction The Goods and Services Tax (GST) Law introduced the concept of a Letter of Undertaking (LUT) to facilitate seamless exports and simplify the compliance process for businesses in India. The LUT allows exporters to undertake exports without the need to pay tax upfront and claim refunds later. In this article, we will delve into […]
Limited Liability Partnership (LLP) Company
An LLP (Limited Liability Partnership) is a type of business formation that combines the benefits of a partnership with those of a limited liability company. Partners in an LLP have limited personal liability for the debts and obligations of the business, which means they are not personally responsible for the partnership’s losses or wrongful acts. […]