Ridhi Business Solutions Pvt Ltd

Ridhi Business Solutions Pvt Ltd Our Humble Beginnings...Our journey started in 2010 with a small Partnership firm. Now Ridhi is a professionally managed, Business Consulting firm.

Team Ridhi: Because every Growing Business needs a Best Friend. Audit & Assurance:
We evaluate your current position, re-engineer your processes and create robust Standard Operating Procedures. Our management audit team evaluates the application of the SOPs with periodic audits. Accounting:
While you are busy growing your business, it is not easy to keep an eye on the goal post. We take the grin

d of book-keeping off you & provide you reporting that helps you focus on what matters. M&A Advisory:
Wrong assumptions & approach could be disastrous in an M&A transaction. Our specialists guide you to help make the right decisions. We handle all aspects - Independent valuation, due diligence reviews, contract negotiation and drafting, & post-transaction integration. CFO-as-a-service:
Our virtual CFO works with you as a strategic partner. He keeps a close eye on your numbers, analyses them and gives you actionable insights. You 'pay-as-you-use'​ making this service value-effective. Taxation & Compliance:
We ensure that you stay on the right side of the law always. Our compliance team does registrations in time, gives you the right alerts, does filings and gives you smart advice. Business Growth:
We help you find ways to grow your business – with new products, business models or new ways of doing things. Through a deep analysis of your current status, we go into your operations to find out root causes that are preventing growth. We couple the rigor of finance & processes with an open approach. Our group companies in Media & Branding, IT network & web/app development services & export-import services complete the full suite of services that any growing business will need. Our clients include small and medium enterprises in the Arabian Gulf and India across verticals like restaurants & hospitality, consumer retail, FMCG & IT hardware sales. Call us now so can support you with services that turn your challenges into your strengths. Specialties
Start up Services, Accounting and Book keeping, Compliance Services, Business Process Modeling, Branding & Advertising, Software & Technologies, Web Solution & Online Marketing, International Trade Assistance

Website
http://www.ridhibiz.com

Industry
Management Consulting

Type
Privately Held

Headquarters
28/973 A, opposite Kerala Ground Water Department, Near Thondayad Signal, Thondayad, Calicut-673017, Kerala

Company Size
11-50 employees

Founded
2010

23/06/2020
12/06/2020

No Late Fees on GSTR-3B for NIL returns, Late Fee capped at 500rs: GST Council

The Goods and Services Tax (GST) Council today decided to waive off late fees on GSTR-3B with Nill Liabilities. The Finance Minister Nirmala Sitharaman said that, For the period from July 2017 to Jan 2020, which is prior to the COVID period, a lot of Return Filing has been pending. For all those who have no tax liabilities but who have not filed their returns between July 2017-Jan 2020, there will be zero late fees.

The Finance Minister also said that, For people who have a tax liability, the maximum late fee for non-filing of GSTR-3B returns for the period July 2017 – January 2020 has been capped to Rs 500. This will apply to all returns submitted on July 1, 2020. Small taxpayers whose aggregate turnover is up to ₹ 5 crores will be provided a waiver of late fees and interest if they file the form GSTR-3B for the supplies affected in months of May, June, and July 2020, by September 2020, no late fee or interest.

For small taxpayers whose aggregate turnover is up to ₹ 5 crore, the rate of interest for late furnishing of GST returns for Feb, Mar and April 2020, beyond July 6, 2020: the rate of interest is being reduced from 18% to 9% GSTR-3B is a monthly self-declaration that has to be filed a registered dealer from July 2017 till March 2020.

04/03/2020

MCA launches LLP Settlement Scheme, 2020; Shall allow a One-Time Condonation of Delay in Filing Statutorily Required Documents with Registrar

The Ministry of Corporate Affairs ( MCA ) has launched the Limited Liability Partnership LLP Settlement Scheme, 2020. It has been observed that due to applicability of additional fee on late filing, which in case of inordinate delay could actually become a financial burden, a large number of Limited Liability Partnerships (LLPs) have remained non-compliant, mainly on account of their inability to pay late fees for the cumulative period of delay. As part of Government’s constant efforts to promote ease of doing business, it has been decided to give a One-time relaxation in an additional fee to the defaulting LLPs to make good their default by filing pending documents and to serve as a compliant LLP in future. Accordingly, the Central Government has decided to introduce a scheme namely “LLP Settlement Scheme, 2020”, by allowing a One-time condonation of delay in filing statutorily required documents with the Registrar. LLPs, that wish to avail themselves of the scheme, may file the pending documents/Forms and make good the defaults, to gain immunity from prosecutions for such defaults. The Scheme shall come into force on the 16th March, 2020 and shall remain in force up to 13th June, 2020. It would be applicable to a “defaulting LLP” for filing overdue documents, which were due for filing till 31st October, 2019 on a payment of a nominal additional fee of Rs 10/- per day for the period of delay, in addition to any fee as is payable for filing of such document or return, subject to a maximum amount of Rs. 5,000/- as the additional fee per document. The Scheme shall apply to the filing of the following documents: Form-3- Information with regard to the limited liability partnership agreement and changes, if any, made therein; Form-4- Notice of appointment, cessation, change in name/ address/designation of a designated partner or partner and consent to become a partner/designated partner; Form-8- Statement of Account & Solvency (Annual or Interim); and Form-11- Annual Return of Limited Liability Partnership (LLP). The Scheme is being introduced in pursuance of the Government’s objective of providing greater Ease of Living to the citizens of the country and is expected to provide significant relief and a window of opportunity for LLPs to abide by the Law & conduct business accordingly.

Outsource your Accounting & Backoffice services with RIDHI..!For More Details : +91 9037371155, +91 9037371188
24/06/2019

Outsource your Accounting & Backoffice services with RIDHI..!

For More Details : +91 9037371155, +91 9037371188

08/03/2019

GOVT NOTIFIES INCREASE IN GST THRESHOLD LIMIT

The Central Government, on Thursday notified the increase in GST threshold limit in a relief for small traders. The increased threshold limit will be applicable from 1st April 2019. Further, the effective date for availing higher turnover cap of Rs 1.5 crore for availing composition scheme by traders has also been fixed as April 1.

The Government also notified that the service providers and suppliers of both goods and services with a turnover of up to Rs 50 lakh would be eligible to opt for the GST composition scheme and pay a tax of 6 per cent from the beginning of next fiscal. The decisions taken by the GST Council headed by the Finance Minister Arun Jaitley has now been made applicable to the taxpayers.

These decisions would come into effect from April 1, a finance ministry statement said. “There would be two threshold limits for exemption from registration and payment of GST for the Suppliers of Goods i.e. Rs 40 lakhs and Rs 20 lakhs. States would have an option to decide about one of the limits.

“The Threshold for Registration for service providers would continue to be Rs 20 lakhs and in case of Special Category States Rs 10 lakhs,” it said. Also the GST Composition Scheme, under which small traders and businesses pay a 1 per cent tax based on turnover, can be availed by businesses with a turnover of Rs 1.5 crore, against the earlier Rs 1 crore, with effect from April 1.

22/02/2019

Brief Analysis of Companies (Incorporation) Amendment Rules 2019

The new Amendment says that every company _incorporated on or before 31 Dec 2017_ (excluding striked off companies, companies undergoing Liquidation, strike off, dissolved companies) must file this new _Form INC-22A or also called as Form ACTIVE_ in which you have to file the information of Registered office with mandatory photo of director / KMP in that office and such director / KMP must only certify this form.

Further, the company's KYC will be done by filling in longitude and latitude and then be verified by OTP on company's Email ID.

After all this, we have to further give details like names of all directors, details of Auditors, details of CEO, CFO, MD, Company Secretary, Annual Filing.

Due date - on or before April 25, 2019.

After that the penalty is 10,000/- and further penalty as per Section 12 of the Act.

It also has to be noted that before Form ACTIVE is filed.. its mandatory to complete the Annual filling pending till date.

If Company is not filing Form ACTIVE than it will be disbarred from filing the following forms:

(i) SH-07 (Change in Authorized Capital);
(ii) PAS-03 (Change in Paid-up Capital);
(iii)DIR- 12 (Changes in Director except cessation);
(iv) INC-22 (Change in Registered Office);
(v) INC-28 (Amalgamation, de-merger).

10/01/2019

Breaking: Key Takeaways from 32nd GST Council Meeting, GST exemption Limit Hiked.

The 32nd GST Council meeting concluded in New Delhi with a catena of changes in the present Goods and Services Tax regime. In a significant move, the Council has rationalized the Composition Scheme and approved disaster cess proposed by Kerala subject to conditions. Another important decision made by the Council is the hike in GST exemption Limit to 40 lakhs.

1) Council approves the levy of 1% Disaster Cess by Kerala on Intra-State Sales for two years.

2) Exemption Limit for GST doubled to 40 Lakhs all States, 20 lakhs for North-East Small states.

3)GST Composition Scheme Threshold increased to 1.5 Crore w.e.f 1st April 2019.

4)Quarterly Tax payment and Annual Return for Composition Taxpayers. GST Composition Scheme extended to Service Providers with turnover up to 50 Lakhs. 6% GST applicable to such services.

5)To discuss relief to real estate sector, GoM comprising 7 members formed. For Lottery also, GoM constituted.

Address

1st Floor, Belvedere, Behind Calicut Books, Opp. Kuthiravattam Mental Hospital, Calicut/16
Kozhikode
673016

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm
Saturday 9am - 3:30pm

Telephone

+919037371155

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