Business Insights & Updates

Statutory & Tax 2 min read

GST Audit and Assessment: What Triggers One and How to Respond

GST departmental audits and assessments are triggered by return mismatches, high-value transactions, industry risk-profiling or random selection. Businesses must respond to notices (like ASMT-10) within the stated deadline with reconciled records to avoid demand orders.

Statura Team 25 Sep 2026

Statutory & Tax 2 min read

How to Respond to a Trademark Objection in India

A trademark objection must be answered within 30 days of the examination report using Form TM-M, with evidence of distinctiveness or prior use. Missing the deadline causes the application to be treated as abandoned.

Statura Team 25 Sep 2026

Statutory & Tax 2 min read

Trademark Search in India: How to Check Before You File

A trademark search on the IP India public search portal checks whether your brand name or logo conflicts with existing registered or pending marks in your class, before you spend on filing. Skipping this step is the top cause of rejected applications.

Statura Team 24 Sep 2026

Statutory & Tax 2 min read

Old Tax Regime vs New Tax Regime: Which Should You Choose (2026)?

The New Tax Regime is the default from FY 2023-24, with lower slab rates but almost no deductions. The Old Regime suits taxpayers with significant deductions (80C, HRA, home loan interest) exceeding roughly ₹3.5–4 lakh; otherwise the New Regime usually wins.

Statura Team 22 Sep 2026

Statutory & Tax 2 min read

GST vs Income Tax: Understanding the Difference

GST is an indirect tax on the sale of goods and services, collected from customers and paid to the government; Income Tax is a direct tax on your profit/income, paid out of your own earnings. Every registered business typically deals with both, but they are entirely separate systems.

Statura Team 21 Sep 2026

Statutory & Tax 2 min read

Annual Compliance Calendar for Private Limited Companies in India

A Private Limited company in India must file ROC annual returns (AOC-4, MGT-7), conduct a statutory audit, hold an AGM within 6 months of year-end, and pay advance tax in 4 instalments — missing any deadline triggers penalties starting at ₹100/day.

Statura Team 20 Sep 2026

Statutory & Tax 2 min read

How to Close or Wind Up a Company in India: Complete Process

A dormant Private Limited company with no liabilities can be struck off via the fast-track STK-2 process in 3–6 months. Companies with liabilities or ongoing business must go through formal voluntary liquidation instead, which takes longer.

Statura Team 19 Sep 2026

Statutory & Tax 2 min read

Professional Tax Registration: State-wise Guide (2026)

Professional tax is a state-level tax on salaries and professional income, capped at ₹2,500/year, levied by about 20 Indian states including Maharashtra, Karnataka, West Bengal and Gujarat. Delhi, Haryana, UP and several other states do not levy it at all.

Statura Team 18 Sep 2026

Statutory & Tax 2 min read

Complete Guide to GST Registration in India: Process, Documents & Thresholds

Everything a business needs to register for GST in India — who must register, the thresholds, documents, step-by-step process, and timelines.

Statura Team 26 Aug 2026