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Wednesday, May 18, 2022

What is the validity period of a registered food license?


What is the validity period of a registered food license?

The license issued by the FSSAI is valid for a time period of 1 to 5 years from the date of issuance. The license has to be renewed subsequently in order for the FBO to continue the business.

What is the validity period of a registered food license: The FSSAI (Food Safety and Standards Authority of India), incorporated by the Ministry of Health and Family Welfare, plays a vital role in regulating the quality of food items accessible to the public. The FSSAI provides licenses to the FBOs (Food Business Operators) depending upon their turnover and place of operation. All business owners dealing with food and food products, such as manufacturers or producers, those involved in the storage and transporting of edible products etc have to obtain the FSSAI license mandatorily.

The license given by the FSSAI is basically of three types:

FSSAI Basic Registration

FSSAI Central License

FSSAI State License

Validity of the FSSAI License:

The license issued by the FSSAI is valid for a minimum of 1 year to a maximum of 5 years. However, in order to continue the business, the FBO has to renew the license thereafter. If the license is not renewed the FBO will be subjected to penalties. The 14-digit license number should be displayed on food packages or in the place of business by the FBO.

Time Frame for License Renewal:

The Food Safety Standard (Licensing and Registration of Food Businesses) Regulations, 2011, state that the application for renewal must be made before 30 days of the expiry date as mentioned in the license. The application can be made as early as 180 days before the date of expiry.

Renewal of License for Businesses That Were Affected During Covid Lockdown:

The renewal of the license enables the businesses to carry the same license number even after its expiry. Earlier the FSSAI had not provided an option for renewal. The FBOs had to make a fresh application for the license/registration after its expiry to commence the business again. During the COVID 19 pandemic, a number of businesses were unable to renew their license/registration within the allotted time. Many FBOs were pushed to pursue a new license to continue their food business. The FSSAI allowed the renewal of licenses for such businesses under the following conditions.

The renewal of a license after the expiry is allowed for licensed FBOs that carry out online submissions of annual returns through the FoSCoS portal

The renewal shall be allowed only until 180 days from the date of expiry

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Wednesday, May 11, 2022

Difference between E-Filing and E-Payment?


Difference between E-Filing and E-Payment?

E-filing is the process of electronically filing income tax returns, whereas E-payment refers to the process of electronically paying taxes.

E-filing is an abbreviation for electronic income tax filing. E-filing is the process of electronically filing your ITR online for a specific year.  This means now you do not need to visit the nearest Income Tax Department office to file your returns. Instead, you log on to the internet and complete the task.

E-payment?

They are referred to as online payment systems. Typically, e-payments are made using debit and credit cards, direct bank deposits, and e-checks; however, other e-payment methods such as e-wallets, bitcoin, cryptocurrencies, and bank transfers are gaining popularity.

Difference Between E-filing and E-payment

E-filing is the ITR filing online which means a process of electronically filing income tax returns, whereas E-payment refers to the process of electronically paying taxes (via net banking for SBI’s debit/credit card). The taxpayer can easily and quickly discharge his obligations of tax payment and return filing by using the e-payment and e-filing facility. ​

Benefits Of E-Payment System

The following are the benefits of e-payment systems.

1.      E-payments are more efficient because they are faster

2.     Customers can pay online at any time and location with e-payments, making them easily accessible and convenient for customers. Because many payment processing solution providers offer various types of solutions, it is simple to integrate online payment solutions with businesses

3.  Online payment solutions include security, risk management, and anti-fraud tools, making them dependable and secure for customers and merchants

4.  E-payments have proven to be highly effective for international transactions because they are less expensive, simpler, faster, and, in general, real-time. People are almost at ease with online shopping and electronic payments. Accepting online payments is now a must for any business in this day and age

5.    Shopping and banking are becoming more convenient as a result of e-payments. They assist customers in reaching more clients both locally and globally

6.      E-payments are more efficient because they are faster

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Monday, May 9, 2022

All You Need to Know about all GST Forms


All YouNeed to Know about all GST Forms

The concept of Goods and Service Tax (GST) was made applicable in India on 1st July 2017. The Government has made multiple amendments to help taxpayers file returns and pay taxes easily. To facilitate transparency and ease of doing business there are multiple GST Forms notified by the Government that the taxpayers have to use to file registration requests, returns, refund applications, etc. In this article, we have put together all GSTR forms list to help you stay compliant. It is important to file the right kind of form to avoid late fees and penalties.

In this blog we'll discuss about GSTR forms, GST registration form, GST forms list, the form used for GST registration and much more as shown below:

GST registration forms

Form Name

Purpose

Registration Forms

GST REG-01

Application for GST Registration

GST REG-02

Acknowledgement for Registration

GST REG-03    

Notice Asking for Additional Information/Clarification/Documents relating to Application for registration/amendments/cancellation

GST REG-04

Application for providing clarification/additional information/documents for registration

GST REG-05

Order of Rejection of Application for Registration/Amendment/Cancellation

GST REG-06

Registration Certificate

GST REG-07    

Application for Registration as Tax Deductor at source (u/s 51) or Tax Collector at source (u/s 52)

GST REG-08

 

Order of Cancellation of Registration as Tax Deductor at source or Tax Collector at source

GST REG-09

Application for Registration of Non Resident Taxable Person

GST REG-10    

Application for registration of person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered person

GST REG-11    

Application for extension of registration period by casual/non-resident taxable person

GST REG-12    

Order of Grant of Temporary Registration/ Suo Moto Registration

GST

REG-13            Application/Form for grant of Unique Identity Number (UIN) to UN Bodies/Embassies/others

GST

REG-14            Application for Amendment in Registration Particulars (For all types of registered persons)

GST REG-15    

Order of Amendment

GST REG-16    

Application for Cancellation of Registration

GST REG-17    

Show Cause Notice for Cancellation of Registration

GST REG-18    

Reply to the Show Cause Notice issued for Cancellation

GST REG-19    

Order for Cancellation of Registration

GST REG-20    

Order for dropping the proceedings for cancellation of registration

GST REG-21    

Application for Revocation of Cancellation of Registration

GST REG-22    

Order for revocation of cancellation of registration

GST REG-23    

Show Cause Notice for rejection of application for revocation of cancellation of registration

GST REG-24    

Reply to the notice for rejection of application for revocation of cancellation of registration

GST REG-25    

Certificate of Provisional Registration

GST REG-26    

Application for Enrolment of Existing Taxpayer

GST REG-27    

Show Cause Notice for cancellation of provisional registration

GST REG-28    

Order of cancellation of provisional registration


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