GST (Good and Service Tax) is a tax implemented on the goods and services used in India. It came to force on 1st July 2017 and replaced all the other taxes such as excise duty, VAT, and services tax. GST registration is compulsory for businesses having a turnover of 20 lakhs per annum for services supply and 40 lakhs per annum for goods supply.
Private Limited Company(PLC) is a company which is established for the private execution of small businesses. Businesses like Industrial Marketing, consultancy services, marketing, trading, E-commerce, and technology-driven, can be started by registering a private limited company.
Accounting is the method of keeping track of the company’s financial records. Accounting services are provided by a third-party provider. He helps the team to make financial decisions by reviewing the books. Accounting services help in the smooth and efficient running of small and large organizations.
Income tax department grants the 80G certificate to NGOs under the Income Tax Act of 1961. The grant is provided to inspire more donors to donate funds to the organizations. Whereas on other hand, 12A Registration is the prior procedure carried out by NGOs, to seek a Certificate of Exemption from the Income Tax Department.