Trade Mark Rules 2017

Image result for Trade mark rules 2017The Trade Mark Rules, 2017 have been notified and have come into effect from 06th March, 2017. These Rules, which replace the erstwhile Trade Mark Rules 2002, will streamline and simplify the processing of Trade Mark applications. Some silent features:-

  • Number of Trade Mark (TM) Forms have been reduced from 74 to 8.
  • To promote e-filing of TM applications, the fee for online filing has been kept at 10% lower than that for physical filing.
  • Based on stakeholders feedback, the fees for Individuals, Start-ups and Small Enterprises have been reduced from that proposed in the draft Rules i.e. only Rs 4,500 as against Rs 8,000 for e-filing of TM applications proposed at the draft stage.
  • Modalities for determination of well-known trademarks have been laid out for the first time.
  • The provisions relating to expedited processing of an application for registration of a trade mark have been extended right upto registration stage (hitherto, it was only upto examination stage).
  • Over all fees have been rationalized by reducing the number of entries in Schedule I from 88 to just 23.
  • Modalities for service of documents from applicants to the Registry and vice-versa through electronic means have been introduced to expedite the process; e-mail has been made an essential part of address for service to be provided by the applicant or any party to the proceedings so that the office communication may be sent through email.
  • Hearing through video conferencing has been introduced.
  • Number of adjournments in opposition proceedings has been restricted to a maximum of two by each party, which will help dispose off matters in time.
  • Procedures relating to registration as Registered User of trademarks have also been simplified.It may be recalled that the examination time for a TM application has already been brought down from 13 months to just 1 month in January 2017; this is despite a stupendous 35% jump in TM filings in 2015-16 vis a vis the previous year. The new Rules should give a boost to the Intellectual Property Regime in India.

Click here to view notification..!!

GST Enrollment Google App.

GST Enrolment app is an offline utility to enrol an existing State VAT / Central Tax / Service tax payer to new GST regime. The app enables user to fill in all the GST registration migration application form in an offline mode and the app automatically creates the data upload file accordingly. The user has to come online and login to the GST portal through app and submit the data upload file. The dealer / taxpayer will receive an email / SMS intimation upon the successful validation of information submitted by him / her in 15 mins. Once the enrolment application is submitted successfully through the app, s/he has to visit the web GST portal for editing any data or for signing the application form digitally. You can sign your application at any time later as stipulated by law, after filling up and submitting on GST portal.

Click here to download GST enrollment App.

FAQ’s

1. How can I download and install the GST Enrolment App on my mobile phone from Google Play Store?

To install and download the GST Enrolment App Android version from Google Play store, perform the following steps:

  1. On your mobile device, go to the Apps section.
  2. Tap the Play Store app on the mobile device.
  3. The Play Store App will open. Type in GST Enrolment in the search box at the top of the Google Play’s screen.
  4. Select the GST Enrolment from the displayed list.
  5. Tap the Install button. GST Enrolment App will be automatically downloaded and installed on your mobile device.

 Note: Ensure you have andriod version 4.4 and above.

  1. In the mobile device Home Page, GST Enrolment Logo (National Emblem) & Name of the app will appear. Tap the GST Enrolment App icon. Goods and Services Tax landing page will be displayed.

The GST Enrolment App icon will appear as shown below:

2. How can I fill my Enrolment Application in offline mode through Mobile app and submit it?

You can fill the Enrolment Application form in offline mode. To submit the Enrolment Application, you need to be online/ connected to internet.

For submission, you will be redirected to the GST Common Portal from your mobile device. You need to authenticate yourself with Provisional ID and password token (provided to you by commercial tax department) on the GST Common Portal and create your new user ID and password.  You can then use newly created credentials to upload the data.

3. Can I edit my Enrolment Application and resubmit from the mobile application?

No, you cannot edit and resubmit the Enrolment Application after successful initial submission from the mobile app. Howeve,r you can edit the changes in the Web GST Portal.

4. How can I check the status of the Enrolment Application if I have submitted the same through GST Enrolment App?

An e-mail and SMS will be sent on the registered e-mail address and mobile number of the authorized signatory after submission of data. You can always check the further status of the Enrolment Application from the web GST Portal.

5. What are the different documents I can upload as a proof against principal place of business?

You can upload any of these documents given below:

Document Type

Size (in KB)

Format

Tax Paid Receipt

100

JPG, PDF

Municipal Khata Copy

100

JPG, PDF

Electricity Bill

100

JPG, PDF

Rent/ Lease Agreement

200

JPG, PDF

Consent Letter

100

JPG, PDF

Any other Certificate / Document issued by Government

100

JPG, PDF

Any other Certificate or Record from Govt department

100

JPG, PDF

Bank Statement

500

JPG, PDF

6. What are the different documents I can upload as a proof against Constitution of Business?

You can upload any of these documents given below:

Document Type

Size (in KB)

Format

Partnership Deed

1000

JPG, PDF

Registration Certificate

1000

JPG, PDF

7. What are the different documents I can upload as a proof against Authorized Signatory?

You can upload any of these documents given below:

Document Type

Size (in KB)

Format

Letter of Authorisation

100

JPG, PDF

Copy of resolution passed by Board of Directors/ Managing Committee

100

JPG, PDF

8. What are the different documents I can upload as a proof against Bank Accounts?

You can upload any of these documents given below:

Document Type

Size (in KB)

Format

First page of Pass Book

100

JPG, PDF

Bank Statement

500

JPG, PDF

9. What are the specification of other documents I can upload in the Application Form?

You can upload any of these documents given below:

Document Type

Size (in KB)

Format

Photo

100

JPG

Any other documents

1000

JPG, PDF

Any supporting documents

1000

JPG, PDF

10. What will happen if I am not connected to Internet while submitting the application form?

After submitting the registration form, you will be redirected to GST Portal login page. Page cannot be opened as you are not connected to internet. You can reopen your mobile application after enabling your mobile data and resubmit it.

11. How many total tabs are there in the mobile application which are mandatory to be filled?

There are total eight tabs (Business details, Promotors / Partner, Authorized Signatory, Principal place of business, Additional place of business, Goods/Services, Bank Account and Validation).

All the tabs are mandatory to be filled except Additional place of business if your business is located at only one location.

12. How many maximum number of Promoters/Partners can be added?

You can add maximum 10 Promoters/Partners in Promoters/Partners tab.

13. How many maximum number of Authorized Signatories can be added?

You can add maximum 10 Authorized Signatories.

14. How many maximum number of Primary Authorized Signatory can be selected?

You can select only one Authorized Signatory as your Primary Authorized Signatory.

Paytm not stop working from January 15

“WhatsApp message about Paytm to stop working from January 15 is a hoax”

Paytm hoaxA rumour spreading around on social network and chat platforms about Paytm to stop working from January 15, 2017 is a hoax. The message spreading states that if you have money in your Paytm wallet, you should either use it or get it transferred to your bank account before January 15, or else forfeit it. The hoax message also claims since Paytm is converting into a bank post January 15, you will not be able to transact with your Paytm wallet money.

The message is not true and it one should completely relax as your money will not be blocked or transferred anywhere. The digital wallet service recently announced that they will be converting into a payments bank after receiving a bank licence from the Reserve Bank of India. The said move by Paytm with the user’s account is just a ‘transfer of ownership of wallet to a new company called Paytm Payments Bank Ltd,’ and you have the option to opt out from the Paytm service altogether, if you wish to.

“As per RBI guidelines, your Paytm Wallet will soon be transferred to the newly incorporated Paytm Payments Bank. Till now they were issued by One97 Communications Limited. This will happen automatically, and Paytm users do not need to do anything additional. Our customers will continue to use all the services provided by the Paytm Wallet, and enjoy all the benefits . Your Paytm wallet will work as it is, even after 15th January. Log in details, wallet balance and user experience will remain the same. Your Paytm Wallet experience will remain the same for all current use cases such as paying at stores, paying for Uber rides, ticketing, fuel, etc,” Paytm said on its blog. “Not just that, Paytm Payments Bank will also soon bring additional benefits such as a bank account, chequebook and a debit card. You will also earn interest on the money available in your account,” it concluded.

Image result for paytmPaytm Payments Bank Limited (PPBL) is 51 per cent owned by Vijay Shekhar Sharma and 49 per cent ownership is with One97 Communications Ltd.

In order to rubbish the rumours and hoax messages spreading on different social networking platforms, Paytm said, ‘There are some rumours circulating that you will not be able to use the Paytm Wallet after 15th January! Nothing could be farther from the truth. On the contrary, Paytm Wallet users will soon enjoy additional benefits through Paytm Payments Bank Account.’

Paytm users can relax as the money you hold in your digital wallet will not be blocked and you shall be able to use the service as before. Paytm, on its blog has also answered a few generic queries, which could give you some more information about the new change.

6% Profit assumed for Income Tax Calculation For Small Traders

Finance minister Arun Jaitley on Tuesday (20.12.2016) said the government’s decision to tweak the presumptive income norms would reduce the tax liability by up to 30 per cent for those small traders opting for digital transactions.

Key Points

  • Small traders and businessmen, with turnover of up to Rs 2 crore can now save tax if they choose to go digital.
  • It would also achieve the government’s mission of moving towards a less cash economy
  • The decision has been taken to incentive’s small traders/businesses to proactively accept payments by digital means.

Income TaxHe said in the Budget for 2016-17, small traders and businessmen, with turnover of up to Rs 2 crore who did not maintain proper accounts, were presumed to have earned 8 per cent income or profit for tax purposes. But if they use digital mode of payments, their income will now be presumed to be 6 per cent of the turnover and not 8 per cent.

Under the existing Section 44AD of the Income-Tax Act, 1961, in case of certain assessees (an individual, HUF or a partnership firm other than LLP) carrying on any business having a turnover of Rs 2 crore or less, the profit is deemed to be 8 per cent of the total turnover for taxation.

Request form for currency exchange (Rs 500 & Rs 1000)

Image result for Currency ExchangeThere are chances that you may not get printed forms which are necessary to exchange your notes or you can save time to fill them by standing in bank / queue by printing & filling the currency exchange form pdf file.

So simple suggestion is to take printout of above PDF, fill in advance at home and then approach bank.

  • Option 1 : Exchange old notes
    At a time you can exchange 4000 Rs only, i.e. four 1000 Rs notes or 8 500 Rs notes or combination of them to maximum 4000 Rs, per day.
  • Option 2 : Deposit old notes to your bank account
    No limit for value or quantity of old bank notes to be credited to the bank account maintained by that person (KYC norms must be complete for the bank account).

3 more days to use Rs 500 and Rs 1000 Notes

Image result for PublicGovt extends use of old Rs 500, Rs 1,000 notes to pay utility bills by another 72 hrs. In a move to assuage frayed nerves, the Central government on Friday extended the use of old Rs 500 and Rs 1000 notes for paying public utility bills such as:-

  • Electricity bills,
  • Property taxes, and
  • Water bills by another 72 hours.
  • While withdrawing Rs 500 and Rs 1,000 notes from the night of November 8-9, the government had allowed use of the old currency at government hospitals, railway ticketing, public transport, airline ticketing at airports, milk booths, crematoria/burial grounds and petrol pumps for 72 hours. This list was later expanded to include payments for metro rail tickets, highway and road toll, purchase of medicines on doctor prescription from the government and private pharmacies, LPG gas cylinders, railway catering, electricity and water bills and ASI monument entry tickets.
  • Public utility bills include only household bills. Court fee will also be allowed to be paid in old 500 and 1,000 rupee notes. Old Rs 500, Rs 1000 notes will be accepted for payment of fees, charges, taxes, penalty to central and state governments, including municipalities and local bodies. Such old notes will also be accepted for payment of
    utility charges like water and electricity. The official said while the old notes were allowed to be accepted for highway toll payment, the Ministry of Road Transport and Highways has freed national highways of any toll charges till November 14.