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GST Composition Scheme- (Updated FY 2020-21)

Since there have been many amendment in GST Composition Scheme from time to time, I am analyzing all affected provision of GST composition scheme at one place. In this regard, I am presenting- GST Composition Scheme- Analysis (Updated FY 2020-21)”
What is a composition scheme?
Composition scheme is an alternative method to tax small taxpayers while simplifying compliances and reducing their compliance costs. Such schemes have existed in the previous regime of VAT laws, service tax laws and excise laws as well. Even the income tax law has Section 44AD, 44ADA and 44AE to provide for a flat rate of taxation in case of small assessees (Name given to such scheme under Income tax is Presumptive scheme of taxation). Know how to open PPF account & also find out best option in NPS vs PPF account
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[창업특강] 공유경제와 스타트업
<12월 창업특강> 공유경제의 모든 것! 공유경제 분야에서 두각을 나타내고 계신 세 분의 강사님을 모시고 진행되는 창업특강! 많은 관심과 참여 바랍니다~ ○ 일시 : 2017. 12. 11.(월)~13.(수) 18:00~21:00 ○ 일정 : 1차–2017.12.11.(월) 공유경제가 바꾸는 세상 2차–2017.12.12.(화) 가수 현아는 왜 옥상에 올라갔을까? 3차–2017.12.13.(수) 한국BNB시장과 창업 ○ 장소 : 서울창업카페 홍대점(재단법인 홍합밸리) ○ 신청 : http://hhv.or.kr/Edu_December ○ 강사 : (1차) 최대헌 대표(마이샵온샵) (2차) 양병우 대표(프리바아워) (3차) 김지윤 대표(비플) ○ 문의 : contact@honghapvalley.org / 02-337-1314 ■ 주차는 불가합니다. 대중교통을 이용해주시기 바랍니다. ———————————————— <Education for Startup in December> ※ Event will proceed in Korean Honghap Valley Foundation is inviting EVERYONE to <Sharing Economy&Startup> Education! ○ Date and time : 1st session : December 11, 2017 (Mon) 18:00 to 21:00 2nd session : December 12, 2017 (Tues) 18:00 to 21:00 3rd session : December 13, 2017 (Wed) 18:00 to 21:00 ○ Location : Seoul Startup Cafe in Hongdae (Honghap Valley Foundation) ○ Application : hhv.or.kr/Edu_December ○ Lecturer (1) Myshoponshop (Store sharing) (2) Privahour (Rooftop sharing) (3) Bple (Space sharing) ○ Contact us : contact@honghapvalley.org ■ There’s no parking place, please use public transportation.
TaskRabbit: How to Become a Tasker
What some have called "a more legit Craigslist" is rapidly becoming a reliable source of income and labor in big cities. TaskRabbit (@TaskRabbit), a trendsetter in the newfangled sharing economy, offers any U.S. citizen with a smartphone the chance to get in on the action. I started tasking as a way to make ends meet. Teaching in the Bronx through a major volunteering platform wasn't very lucrative, so I started scrubbing toilets. It more than doubled my income. (Hold on, how did you get this gig and where do I sign up?) Below, find a step-by-step walkthrough of the application process. 1:: Click "Become a Tasker". Go to www.taskrabbit.com, scroll to the bottom. It's in the "Discover" column. 2:: Click "Start Application". Lost yet? ( ͡ᵔ ͜ʖ ͡ᵔ ) 3:: Connect to a Facebook or LinkedIn account. *Click* 4:: Set your availability. Days are divided into Morning, Afternoon, and Evening. Toggle your availability. You will not be required to work these hours! This is to get a sense of your general availability and can be changed any time. 5:: Determine your work area. Draw your map by clicking the pen symbol at the upper left of the map and tracing your boundaries. This map can be edited any time you'd like. 6:: Upload Your Photo. Use a personable photo. Clients are hiring complete strangers based on a picture and short bio. Choose a photo that makes you look friendly and energetic. Check out this profile photo experiment by Jason Seiden for more about how your profile photo works for (or against) your business. 7:: Complete your bio. Be concise and convincing. That means showing a little personal flavor while proving your work ethic. You will write a "Quick Pitch" for each skill you add to your profile, so this is the time to introduce yourself and establish report. 8:: Do you have a vehicle? This includes bicycle! Having a vehicle (especially a car) opens you to special opportunities and you'll be able to charge higher rates. 9:: Set your Rates & Skills. You control your business (mostly). TaskRabbit lists average rates for every skill so use those to guide your business. Charge higher rates if you have professional expertise or industry tools. Charge lower if you're a beginner. *TaskRabbit charges a 30% service fee for first-time Clients and 15% for return Clients. Make sure you gain repeat customers. Model excellent customer service skills and build your personal brand! A comprehensive list of skills you can list on your profile. If you need to edit your application after submitting, visit https://support.taskrabbit.com/hc/en-us/articles/204411000. If you have questions, comments, or curiosities, comment below and I'll be right with you! You can read more about my time spent tasking at thetaskr.wordpress.com.
Excise Advisory Service in UAE
The introduction of excise tax in the UAE in 2017, every single person conducting the business of specific products which are considered to be harmful to human health and environment need to pay a tax to the Government. The excise law is applied to products described in the excise goods category, including tobacco, energy drinks, carbonated drinks, etc.  this is one of the leading accounting and bookkeeping firm, which offers excise tax advisory services in the UAE to help business with tax auditing and payment. By availing proper tax consulting services, you can ensure if the reported excise tax liability is accurate and submitted to the authority within the date mentioned by the tax authority. Excise Tax Consulting Excise tax is a form of indirect tax levied on specific goods called “excise goods” which are typically harmful to human health or the environment. The Excise tax was introduced across the UAE in 2017. The purpose of levying excise tax is to reduce the consumption of unhealthy and harmful commodities as well as to raise revenues for the government that can be spent on beneficial public services. Ultimately, consumers need to pay more for goods that are harmful to human health or the environment.  Under the UAE Federal Decree-Law No. 7 of 2017 on Excise Tax, it is the responsibility of a business to register for excise tax. The deadline for registration for companies was November 30, 2019. The deadline for registration of stocks is January 15, 2020. It is advisable that a Taxable person engaged in activities relating to excise goods such as tobacco products, carbonated drinks, and energy drinks should empower an audit firm to get professional advice on Excise Tax issues.    is one of the leading accounting, tax, and bookkeeping services providers, who provide excellent excise tax advisory services in UAE to its clients and ensures that the clients comply with the tax law. Who should Register for Excise Tax?  The companies that are engaged in the following areas are to Register for Excise Tax: - The import of excise goods into the UAE The production of excise goods where they are released for consumption in the UAE The stockpiling of excise goods in the UAE in certain cases A warehouse keeper who is responsible for overseeing an excise warehouse or designated zone.  Rights of a person during a Tax Audit relating to Excise Liability in UAE  During the proceedings of Tax Audit, a taxable person has the following rights -  To monitor the procedure while the documents are being removed by the auditor To get back the documents if removed by the auditor once the tax assessment is completed.  To demand and obtain a receipt from the auditor against the removal of any record or document.  Products to be Registered as Excise Goods  Carbonated drinks including any aerated beverage except for unflavored aerated water Energy drinks, which comprise any beverages which are marketed, or sold as an energy drink, and containing stimulant substances that give mental and physical stimulation. Tobacco and nicotine products Electronic smoking devices and tools Fluids used in electronic smoking devices and tools Sweetened drinks.  Products Exempted from Excise Tax -  Ready-to-drink beverages containing at least 75 percent milk or milk substitutes Baby formula/Baby food Beverages consumed for special dietary needs  Beverages consumed for medical uses. Rate of excise tax- As per the Cabinet Decision No. 52 of 2019 on Excise Goods, the rate of the excise tax is given as below: 50 per cent on carbonated drinks 100 percent on tobacco products 100 percent on energy drinks 100 percent on electronic smoking devices 100 percent on liquids used in such devices and tools 50 per cent on any product with added sugar or other sweeteners. New excise list and tax rates -  50 per cent on Sweetened drinks  100 percent on Electronic smoking devices and tools  100 percent on Liquids used in electronic smoking devices  Minimum Price for Tax Registration -  A minimum price of Dh0.40 must be applied per individual cigarette; and a minimum price of Dh0.10 must be applied on waterpipe tobacco, ready-to-use tobacco or similar product.  Records to be maintained as per Excise Tax Law in Dubai, UAE  A tax registered person is required to maintain the following documents as per the Excise Law in the UAE for a one-year period prior to Excise Tax implementation Accounts and supporting documents of all imported, produced or stockpiled Excise products/ goods. Proof of excise products sold outside the UAE. Supporting documents of excise goods exported outside the UAE. Detailed account of physical inventory held by the taxable person. Account of excise goods if lost or destroyed. Tax record regarding tax due on excise goods imported/manufactured by the taxable person in the UAE. Tax record regarding tax due on excise goods that are purchased or produced for the purpose of stockpiling. Proof of tax deducted on tax paid and submitted on excise goods sold outside the UAE Statement of item-wise details of excise goods physically kept by the taxable person in the context of value and quantity. Statement of information concerning average monthly inventory held by the taxable person. Statement of information concerning average monthly sale for each excise item. Statement of details concerning excise products manufactured by the taxable person. Statement of details concerning excise products purchased from outside the UAE (Import) by the taxable person. Item wise details of Excise goods produced by the taxable person. Item wise details of Excise goods imported by the taxable person. Item wise details of Excise goods sold locally by the taxable person. Item wise details of Excise goods sold outside the UAE (Export) by the taxable person. Item wise details of Excise goods released from the specified designated zone. Details of the companies and retailers the excise products are sold by the taxable person. Tax Compliance and Penalties  FTA has the authority to conduct audits of taxable businesses and then impose penalties on those that do not comply with the law.  FTA’s database is linked directly to the customs department and the taxable items under excise list have item codes that can be easily identified. Following the implementation of excise duties on the newly added items, importers will not be able to clear any of the taxable items through customs if they are not registered with the FTA. The failure to register for excise duties within the deadline invites a penalty of Dh20,000 The failure to register excess existing stocks of taxable items as of December 1, 2019, ahead of January 15, 2020, could invite a penalty of Dh20,000.
2017년 2월 8일 해피뉴스
안녕하세요, 2017년 2월 8일 해피뉴스입니다. 사이클 남녀 단체추발, 하루 만에 또 한국신기록 경신 한국 사이클 대표팀이 아시아선수권대회에서 이틀 연속으로 남녀 단체추발 한국신기록을 경신했습니다. 대표팀은 인도에서 열린 단체추발 본선에서 한국신기록을 세웠는데요, 전날 예선전에서 세웠던 한국신기록을 하루 만에 또다시 뛰어넘은 겁니다. 대한민국 사이클 대표님 파이팅입니다. '도깨비' 열풍에 놀란 대만 총동 "대만산 드라마 키워라" 대만에서 한국 드라마가 인기를 끌자, 대만의 차이잉원 총통이 정부 차원에서 영상 산업을 육성할 것이라며 적극적인 지원 의지를 밝혔습니다. 대만사람들이 설 연휴에 시청한 드라마 순위를 보니까, 도깨비를 포함한 한국 드라마가 상위 8개를 싹쓸이했다고 하는데요, 대한민국 콘텐츠의 수준이 발전한 것 같아서 기분이 좋습니다. 김주성, 아시안게임 금메달 연금 기부…장애아동 3명 지원 농구선수 김주성이 아시안게임 금메달 연금을 기부합니다. 김주성은 2002년 부산아시안게임과 2014년 인천아시안게임에서 금메달을 땄는데요, 지난해부터 연금을 소속팀 연고지인 원주 지역의 소외계층을 돕는데 사용하고 있습니다. 올해는 장애아동 3명을 새롭게 선정해서 1년간 지원하기로 했다고 합니다. 내일은 해피뉴스가 더 많았으면 좋겠습니다. 고맙습니다. ※ 해피뉴스를 제보해주세요! 그날 해피뉴스에 반영하도록 하겠습니다. @hululup @dhsm1028 @hunger18 @jwon0807 @glxy238 @SongMiji @sjparkdct @helloje @ljg352 @chopinjy @mukaeby @ange1111 @ahxhzl621 @wogus7407 @nayaayji @zbrc @liloc11 @yjm9621 @jungmin2005 @KiyoungSung95 @stsopie @dbtmdfl33 @Snowdrops @kimbyungyeon @nasknask @HaEl2030 @yeoidoboy @woosam68 @galaxy5 @ssh0205 @christianos @chanel7250 @jinijini7272 @JuhukAn @istmary @toughgirl @seunghee0122 @dlwhdgur83 @kkulmat @rradiant @NewstarKim @willowhyun @chichitoto @halo2372 @applesm33 @wef7532 @kthw0920 @cecina @oddf @jshbj10 @ssong0v @rinachoi779 @Bora1121 @JiyeonGhim @tahoc0504 @nn880808 @arsjarsj1 @hee334433444 @SeongchanYeo @mku92 @renyu1 @gusdud2100 @dudge961122 @youngin77 @britney99y @dreamian2000 @bignangja @KimHyeYeon @lej6136 @danmidanmi @shinchh @jhkim2857 @swbae12 @HYESUNHA @sarafina @HanwhaV2 @shihzhu @maerye @1107phj @joje87 @msj508 @sw010202 @lianhua @kimuh06911 @rlawlgp916 @bongbong09 @seong2k @MinjaSin @seni7410 @shine82 @sjc715 @vennass @luckytonado @KhanYang @insuk1948 @medirons @onlyhandsome @byun6560 @nanajisu @chloe070607 @rejoice214 @pjuho1945 @JerryL @suhhyogeun @jhkim2857 @tmdgjs5555 @hothand11 @elley0328 @fcuk @GayoungKim1989 @bart @pyk4581
Fashion, Trends and Styles
Welcome! Thank you for visiting here. To understand Fashion, Trends and Styles well, we have to look at many important aspects related to them. One by one we will discuss on all of those important aspects. Let's Start an Exciting, Pleasing and Never Ending Fashion Journey! First of all, we will try to know and understand the actual definition of the fashion. However, it is not so easy to define the fashion completely because for example, this idiom is very popular "Many Men, Many Minds", everyone has tried to understand and define the interpretation of fashion in his/ her own way. According to some fashion experts, fashion means a look which is trending during a specific geographical place or boundary i.e. village, city, metro city, region, country or we can say worldwide. Fashion is a self presentation and it fulfills and allows everbody to show their uniqueness, personal tastes and style. Fashion may be core of your personal identty. The squeeze of all of them is something like this. From our point of view, fashion is a great way to express yourself by some particular references of apparels, jewellery, artificial jewellery, footwear, lifestyle, make-up, hair-cut style, accessories and body posture during a specific period at a specific geographical place or boundary i.e. village, town, city, metro city, region, country or worldwide. On the other hand fashion defines you, your personality or who you are. Whenever you look yourself in the mirror after wearing latest, stylish, trendy and fashionable clothes or jewellery, fashion gives you happiness with an extra-ordinary feeling i.e. Feeling of being Number One, Feeling of being Confident, Feeling of Greatness! Agree or Not? For More Fashion, Trends and Styles related information, you are most welcome to visit at our fashion blog: https://dadreeios.blogspot.com/
Nasal Spray Packaging Market – Global Industry Trends & Forecast to 2028
Global Nasal Spray Packaging Market is expected to undergo a CAGR of 8.25% during the forecast period 2021-2028 and would reach USD 2,600 million by 2028. Market Analysis and Insights - Nasal Spray Packaging Market: Nasal spray packaging is used to manufacture liquid-filled polymer containers. Nasal spray packaging is regarded as a superior method for aseptic filling of parental preparation. Nasal sprays are used as relieve from sneezing, runny nose and itchy nose. They are produced and packaged in the droplets form ranges from 20-200 microns. The change in lifestyle, growing general population, and hectic way of administrating drugs and most importantly the increase in pollution levels are a major driver to the growth of nasal spray market. In addition, improvement in patient compliances, the successful way of drug administration paves the way of the global nasal spray packaging market. Increase in the cases of cerebral spinal fluid leaks, chronical sinusitis, allergic rhinitis and infections have pumped more demand to the global nasal spray packaging market. However, fluctuations in the prices of raw packaging materials will create hindrances for the market growth rate. Rising costs of innovative packaging solutions will further dampen the market growth rate. Rising environmental concerns and stringent regulations policies imposed by the government on the application of plastic will also derail the market growth rate. Also, growing availability of alternatives in the market will hamper the market growth rate. Nasal Spray Packaging Market Scope and Size: Global nasal spray packaging market is segmented on the basis of product type, container design, and dosage form. The growth amongst these segments will help you analyses meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications. · On the basis of product, global nasal spray packaging market is segmented into decongestion nasal spray, steroid nasal spray, salt water solution/ saline nasal spray, and others. · On the basis of container design, the nasal spray packaging market is segmented into pressurized canisters, pump bottles. · On the basis of dosage form, the nasal spray packaging market is segmented into unit/single dose, bi dose, and multi dose. Get the sample copy of Report here: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-nasal-spray-packaging-market Nasal Spray Packaging Market Country Level Analysis: The countries covered in the nasal spray packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America. Key Players Nasal Spray Packaging Market The major players covered in the nasal spray packaging market report are · Berry Global Inc., · Gerresheimer AG, · AptarGroup, Inc., · West Pharmaceutical Services, Inc., · Amcor plc, · Novato AB (publ), · Bormioli Pharma, · Coster Tecnologie Speciali S.p.A., · Plast Vision, RAEPAK Ltd., · SGD Pharma, · Comar Get Full Access of Report: https://www.databridgemarketresearch.com/reports/global-nasal-spray-packaging-market MAJOR TOC OF THE REPORT · Chapter One: Introduction · Chapter Two: Market Segmentation · Chapter Three: Market Overview · Chapter Four: Executive Summary · Chapter Five: Premium Insights · Chapter Six: Global Autoclave Market by Product & Procedure type Get TOC of Report: https://www.databridgemarketresearch.com/toc/?dbmr=global-nasal-spray-packaging-market Browse Related Reports: North America Kaolin Market Global Semirigid PET Multilayers Film for Food Package Market Global Vertical Form-Fill-Seal (FFS) Packaging Machine Market About Us: Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Contact: Data Bridge Market Research Tel: +1-888-387-2818 Email: Sopan.gedam@databridgemarketresearch.com
Top CEO Salaries Revealed, the World Responds
In a world of 1%, Occupy Wallstreet, and many Americans angry with wealth inequality we got some pretty big news today. In a new just-approved rule the world must come clean about their pay. Companies must now disclose the pay gap between workers and the CEO. USA Today states: The average CEO of Standard & Poor's 500 companies were paid 216 times more than the median employees at their companies, according to a USA TODAY analysis of worker pay data from Glassdoor.com and CEO pay data from S&P Capital IQ. Some CEOs making up to 800 times more than their workers. I’m going to sum up the two responses I’m hearing the most: It’s cool, yo I mean they are the CEOs for a reason right? Now I know exactly how much they make and what it’s like to be them. It’s good that they are sharing this information, because if I believe in a world with less wealth inequality, then I can know what companies are working for that as well! It’s not cool, dawg You are revealing private information, and this rule is useless! The private information that is reveals could lead to a bad reputation for the company, and is also a shaming tactic for the CEOs that worked so hard to get where they are and deserve more pay! Personally, I think it’s actually a good idea to disclose this information. It puts the company in perspective, and really reveals how worker-minded the company says they are. Essentially it puts their money where their mouth is...
Excise Tax Registration - UAE
Excise tax registration A person who conducts (or intends to conduct) activities like producing, importing, transferring or stockpiling of excise goods should pay excise tax.  They must register within 30 days after either the onset of business, or the effective date of the law, whichever is earlier. They cannot be a part of any transaction involving excise goods until they have registered for excise tax in the UAE. There is no registration threshold for excise tax. Exceptions to excise tax registration A person who does not import excise goods regularly will not have to register for excise tax. They will need to prove that they do not import excise goods more than once in six months or four times in twenty-four months. Excise tax will still be due on imports where the value of the excise goods exceeds the duty-free threshold. Excise tax deregistration If a person who has registered for excise tax is no longer dealing with excise goods, they can apply for deregistration. Questions to ask yourself before completing the registration form Should I register for excise tax? Do I plan on supervising a Designated Zone as a warehouse keeper? If yes, you will need to complete additional forms. Do I have all the supporting documentation & information that I’ll need to upload? Am I an authorized signatory of the business being registered (a director, an owner, or someone with the power of attorney to sign on behalf of the business)?
Excise Tax - UAE
An excise tax is an indirect tax imposed on the sale of a particular commodity. These goods are taxable if they are imported into the UAE, manufactured in the UAE, or stockpiled in the UAE.  Excise tax is levied on products that are harmful to people or the environment. The primary purpose of the excise tax is to reduce the consumption of those particular goods to restrict unhealthy practices. In certain scenarios, goods will be physically labeled to show that the excise tax has already been paid to the government.  Which products are subject to excise tax? Carbonated drinks: All aerated beverages except for unflavored aerated water. Products used for making aerated beverages, including concentrates, powders, gels, and extracts will also be considered excise goods. Tobacco and tobacco products Energy Drinks: Certain beverages include energizers which provide mental and physical stimulation, such as caffeine, taurine, ginseng, and guarana. Any concentrate, powder, gel, or extract that is made into an energy drink is also subject to excise tax. Scope of excise tax A person must register and pay excise tax if they are involved in the following activities: Importing excise products. Producing or manufacturing excise goods. Transferring excise products out of a Designated Zone Stockpiling excise goods in the normal course of business. Selling excise goods in the UAE. The excise tax will be borne by the seller and the tax amount will be included in the total sale price of the excise product
VAT Return Filing Services In UAE
Calculation of VAT is a tiresome and dreary process as a compilation of entire taxable supplies and exports for the period has to be calculated. After subtraction of the net supplies and demand, VAT return has to be filed through the online portal of the Federal Tax Authority. It is done under the e-services by visiting eservices.tax.gov.ae by filling up the form for return filing, commonly known as Form VAT 201. Most importantly, VAT is applicable likewise on tax-registered businesses managed in UAE mainland as well as free zones, although the exchange of goods between designated zones are deemed tax-free.  The VAT return filing of UAE is highly difficult for businesses that have little or no experience in filing the VAT, as it requires consolidated details of sales/ purchase. The details also need to feed in a specified format according to FTA, making it more complex. Therefore, it is wiser for all kinds of eligible businesses to go after VAT return filing services offered by popular vat consultancy such as NSKT Global due to various perks: Collating and compilation of all transactions for filing VAT in described format by FTA. Development of summary and consolidated details of Sales/ Purchase, Output and Input VAT. Reduction of chances of missing the deadline to zero, ensuring compliance at all times. Utilization of the latest taxation software for efficient tax filing. FTA approved tax agents/experts available to represent in front of the authority on behalf of clients as and when required. Calculation of VAT is a tiresome and dreary process as a compilation of entire taxable supplies and exports for the period has to be calculated. With the integration of the latest technology, NSKT Global experts have become masters of VAT filing, which has built them an impressive clientele. NSKT Global is one of the best VAT Consultancy firms in the UAE. Our team is encouraged to foster open-mindedness in the services we deliver. It helps us understand the business goals of the organization before we start any engagement with the companies.
CI Scientists - Pharma Competitive Intelligence | Competitive Intelligence Biotech
We are a boutique consulting firm providing competitive intelligence support to the Pharma/biotech industry. Here at CI Scientists, science is in our DNA. We inculcate the spirit of inquiry in all we do, disrupting the way CI is practiced in the Pharmaceutical/Biotech space. We are here for you anytime, always! An email or phone call away. Each day, we better our deliveries than the previous ones. Our solutions are customized with stringent process compliances in place. It helps us deliver strategic and actionable competitive insights in an efficient manner, making it a win-win story every time. Consulting services – connecting the dots from data to intelligence: a) Integrated monitoring – A continuous consulting service that monitors the market on a rolling basis, ensuring that you are aware of your competition. b) Conference intelligence – Comprehensive coverage of global scientific conferences, both on-site and virtual. c) Ad-hoc projects – Analyses ranging from promotional content, clinical trial info’, hypothesis testing, MOAs, etc., delivered with speed and accuracy. Products customized for every client: a) EazeeView – A web-based dynamic platform that hosts all your CI needs in a secure environment. b) AssetView – A 3-D, framework-based tool that enables your early-stage asset planning. c) CliniView – The in-house AI-enabled global clinical trials database. More Info : https://ciscientists.com/pharma-competitive-intelligence
VAT Deregistration Service in UAE
VAT de-registration, also known as cancellation or termination of VAT registration is typically done when a business needs to cancel its VAT registration with the UAE Federal Tax Authority. VAT deregistration in UAE can be approved by the FTA only if the termination reasons are valid and the conditions are fulfilled as per the law. Businesses in UAE can de-register from VAT in case if their turnover after registering with the FTA did not exceed AED 187,00 in the first 12 months after registration or if the business ceases producing taxable supplies Deregister for VAT VAT Deregistration in UAE is an online procedure done through FTA portal. Nevertheless, the businesses which stop functioning need to obtain company liquidation letter from the Govt authorities to apply for the deregistration of VAT. offers seamless VAT deregistration services in Dubai and UAE to help businesses cancel their VAT services. In a recent issuance, the FTA announced that companies can opt for deregistration from the VAT based on certain conditions in accordance with the Federal Decree-Law No. 8 of 2017. VAT De-registration in UAE is a procedure that allows a business to withdraw from paying taxes either voluntarily or mandatorily. Once the application for the VAT deregistration in UAE is submitted to the FTA; it will check the application and cancel the VAT number provided to the entity if it has complied with the law. If the reasons are not valid and the conditions are unfulfilled, the FTA may reject the application for deregistration. The FTA proclaimed that the UAE Tax System is based entirely on voluntary compliance by Taxable Persons, whether it is with regard to registration, filing Tax Returns and payment of due tax or de-registration. Hence, a company can apply for the deregistration voluntarily or mandatorily, as discussed below: - Voluntary Deregistration As per Article 17, a Registrant cannot apply for VAT Deregistration within 12 months of the date o Tax Registration. A company can go forward with voluntary deregistration procedure: - If it has completed 12 months of the date of Tax Registration. If it does no longer supply the goods that are taxable. If its annual turnover is below AED 187,500 even after supplying taxable goods. If its total value of the anticipated taxable supplies or expenses subject to tax in the coming 30-days period will not exceed the voluntary registration threshold. If the company is closed forever. Mandatory Deregistration A company can go forward with mandatory deregistration procedure: - If the company no longer makes revenue of AED 375,000. If the company doesn’t supply any taxable goods. VAT Deregistration for Groups FTA will approve the cancellation of VAT registration for a group: - If the registered business no longer meets the requirement to be considered as a group. If the companies in the group are no more financially associated with the group. If it foreknows the tax status as a group can result in any sort of tax evasion. Once the deregistration number is approved, the authorities will cancel the VAT number issued on registration. If any company wishes to reregister, they can fill the registration form once again, and a new VAT number will be issued to them. Situations for disapproval of the application The registrants will not be de-registered if, It fails to submit the application within 20 business days. It has not paid all due taxes and administrative penalties. It has not filed all required tax returns for the period in which they were registered. Failure to submit the de-registration application within the period specified in the tax legislation will lead to the imposition of administrative penalties of Dh 10,000 as stipulated in the Cabinet Resolution No. 40 of 2017 on Administrative Penalties for Violations of Tax Laws in the UAE. How to Submit Deregistration Form? Fulfil all the criteria to deregister for VAT in UAE. Log in to the VAT Account on FTA Portal. Fill the VAT deregistration form along with the details and the reason for the VAT deregistration. Receive SMS confirmation on the registered number for submission. Submit the form electronically. After the successful submission, you will find the application status as “Pre-Approved.” It will be “Approved” only when you clear all the liabilities. If you have any plan to continue your business or you are waiting for any new investor, it is not advisable to move forward with the VAT cancellation process. If such a situation arises, better keep the TRN, and file the tax return as ZERO if the company expect a good return within the next twelve months period.