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bds-legal-services · 4 years
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What are the must follow points in GST Return filing?
It has been more than 2 years since GST first implemented. But still, some people are unaware of the important details of GST and do not know how to do GST registration in Mumbai.
 1. Filing GST Returns in Time
 You should file your GST returns in time to avoid any notices from the Government. The government penalizes you if you do not file your GST Return on time. You will also have to pay interest on your Return.
 2. Uploading Data in GSTR 1
 GSTR 1 filing requires you to provide various details. You cannot amend the details once submitted. Hence the details you provide must be correct and you should also ensure that there are no mismatches in the data found at the time of GST Reconciliation.
 3. Maintaining Proper Documentation
 One of the important parts of not being on the wrong side of the tax filing is to maintain your documents properly. Even if your business does not under GST audit criteria, you should keep the healthy habit of maintaining proper documents.
 4. Reconciling GST Returns with your Books of Accounts
 This is to help you in identifying the errors and omissions. Reconciling saves you a lot of time, interest and penalties as all the errors or omissions are already found and addressed before.
 5. Reconciling E-Way Bills Issued with the invoice details furnished in GSTR 1
 You should always reconcile your e-way bills issued with that of invoice details under GSTR 1. The government can send you to notice in case of a mismatch of invoice details.
 6. Reconciliation between GST Returns
 If you reconcile your purchase register with your GSTR 2A, you can get accurate Input Tax Credit.
 7. Reverse-Charge Mechanism (RCM) concept
 You are entitled to claim ITC in case of reverse charge payments. It is also important to stay updated about all the important notifications issued by the government regarding the reverse charge mechanism
 8. Information GST Authorities regarding a change in business
 If there are any changes in the details of business filled during the registration, you need to inform the GST authorities 15 days before the changes an application must be submitted o the GST portal.
 9. GST Audit
 If your business turnover exceeds 2 crores INR mark you should get your books of accounts audited by a CA or CMA.
 BDS Legal Services is one of the best GST registration service provider in Mumbai. Reach us to know more.
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bds-legal-services · 4 years
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Why Patent Is Important For Your Organization?
The patent registration is one of the critical and important processes in India. The idea or invention that can help the organization to get a competitive edge in the sector or industry. 
The patent registration would protect such ideas and inventions being duplicated by anyone else with legal consideration. The patent registration is the legal protection that the organization attains for the invention or ideas that would help them to run their business more successfully. 
Why is it necessary to apply for patent registration in India? 
1.   ROI
The ROI of the organization can be enhanced by multiple folds with the patent registration. The patent registration enables the organizations to perform better than other competitors in the industry. 
2.   License
The patent registration provides the license to sell the invention to any other organization if the efforts would be of benefit to the organization. 
 3.   Brand Image 
The brand image of the organization would be established in a positive manner with the patent registration.
4.   Rights
The patent registration would provide exclusive rights to the organization to use the idea or invention that would help the organization to stay ahead of their competitors. 
5.   Better Business
The patent registration helps build trust and loyalty about the organization among the audience. This, in turn, would help the organization to run the business more efficiently. 
The patent registration is one of the most critical processes that any organization would want to attain to run the business more efficiently and in a smooth manner. 
BDS Legal Services was founded in 2012 and has since expanded with an outstanding record for its diligent, efficient and innovative legal guidance centred based on credibility and integrity. Our proficiency to assist clients is to navigate through complex legal registrations, tax returns and intellectual property rights solutions in India.
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bds-legal-services · 4 years
Text
What are the must follow points in GST Return filing?
It has been more than 2 years since GST first implemented. But still, some people are unaware of the important details of GST and do not know how to do GST registration in Mumbai.
 1. Filing GST Returns in Time
 You should file your GST returns in time to avoid any notices from the Government. The government penalizes you if you do not file your GST Return on time. You will also have to pay interest on your Return.
 2. Uploading Data in GSTR 1
 GSTR 1 filing requires you to provide various details. You cannot amend the details once submitted. Hence the details you provide must be correct and you should also ensure that there are no mismatches in the data found at the time of GST Reconciliation.
 3. Maintaining Proper Documentation
 One of the important parts of not being on the wrong side of the tax filing is to maintain your documents properly. Even if your business does not under GST audit criteria, you should keep the healthy habit of maintaining proper documents.
 4. Reconciling GST Returns with your Books of Accounts
 This is to help you in identifying the errors and omissions. Reconciling saves you a lot of time, interest and penalties as all the errors or omissions are already found and addressed before.
 5. Reconciling E-Way Bills Issued with the invoice details furnished in GSTR 1
 You should always reconcile your e-way bills issued with that of invoice details under GSTR 1. The government can send you notice in case of a mismatch of invoice details.
 6. Reconciliation between GST Returns
 If you reconcile your purchase register with your GSTR 2A, you can get accurate Input Tax Credit.
 7. Reverse-Charge Mechanism (RCM) concept
 You are entitled to claim ITC in case of reverse charge payments. It is also important to stay updated about all the important notifications issued by the government regarding the reverse charge mechanism
 8. Information GST Authorities regarding a change in business
 If there are any changes in the details of business filled during the registration, you need to inform the GST authorities 15 days before the changes an application must be submitted o the GST portal.
 9. GST Audit
 If your business turnover exceeds 2 crores INR mark you should get your books of accounts audited by a CA or CMA.
 BDS Legal Services is one of the best GST registration service provider in Mumbai. 
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bds-legal-services · 4 years
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bds-legal-services · 4 years
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Legal procedures take a toll on physical and mental health. The BDS Legal Services are at your aid to make the process simple and clear. The legal services provided include Trademark Registration, Company Formation, FSSAI License, ISO certification,  Patent Registration, Copyright Registration and more. 
Dial-up if you need any of these services : 022 50677210 
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bds-legal-services · 4 years
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Why is it important to get patent registration in India?
Patent registration is the process of registering any new invention, idea or innovation and acquiring the rights to claim the exclusive ownership of the particular innovation.
The patent registration is extremely important in a developing country like India because of the ever-increasing competition to cater to increasing customers. The patent registration provides numerous advantages to the patentee and this makes it even more important and critical for most organizations.
The patent registration process in India is complex and needs expert assistance to carry out the process smoothly. The patent registration services provided by professional agencies assist throughout the process to make it simple and clear.
What are the advantages and importance of patent registration in India?
The ownership of the invention is exclusive to the owner and nobody else can replicate or duplicate the innovation.
The patent registration helps the brands to get more brand awareness and customers because of their exclusive offering.
Patent registration enables organizations to get legal protection for their innovation.
If the innovation is being used in an unauthorised way by other individuals, then the patent registration can help the patentee to move the court and lodge a complaint against the opposite party.
The patent registration process is made simple and clear with the help of a professional patent registration office in Mumbai.
Most organizations opt for professional agencies to carry out the patent registration process for a faster process of the registration.
The patent registration provides many more benefits that make the process critical for any startup or organization.
BDS Legal Services was founded in 2012 and has expanded with an outstanding record for its diligent, efficient and innovative legal guidance centered based on credibility and integrity.
With concrete experience, BDS Legal Services has led the change in the way law firms are owned, managed and operated. We are consistently ranked amongst one of the reputed law firms in India.
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bds-legal-services · 4 years
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Why is FSSAI registration critically important for Food Business Operators?
Food business industry has developed enormously over the years. The Food Standards and Safety Authority of India (FSSAI) is the regulatory body that ensures the quality of the food products or items being served to the customers. 
Every food business operator needs to get the license from FSSAI before carrying out their operations. FSSAI license helps food business organizations to carry out their business operations more effectively. 
There are numerous advantages of acquiring FSSAI license for every food organization. Some of them are:-
Legal benefit 
FSSAI registration helps organizations to gain the legal advantage of being a registered organization. The FSSAI license can be acquired easily with professional FSSAI registration service providers and would help organizations stay away from paying penalties for any issue or problem. If the food business operates without FSSAI license, then they can be imposed penalty and penalised for such an action anytime. 
Awareness 
FSSAI registration and license enables organizations to promote their brands and create a unique brand image and register their brand in the minds of the customers. People are now becoming very health conscious and they intend to look for healthy food items with proper registration and standards.  
FSSAI Logo 
FSSAI logo can be utilized only when the FSSAI registration and license has been done legally. This adds more value to the overall quality assurance of the product being promoted to the audience. 
The logo is critical to make people understand about the quality standard of the food product. 
Credibility 
The FSSAI registration and license provides credibility and assurance about the quality of the product to the audience. This enables the organization to promote their product to more people with confidence. 
This is one of the most important reasons to get FSSAI registration. 
BDS Legal Services provides exceptional services for FSSAI registration in Mumbai and across India. The experts and skilled professionals would guide throughout the process to make the complex processes simple. 
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bds-legal-services · 4 years
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Why the MSME Registration is Important for Organizations?
MSME stands for Micro, Small and Medium Enterprises. The MSME registration is a legal procedure to register the micro, small and medium enterprises under the Ministry of Micro, Small and Medium Enterprises. 
The MSME organizations receive numerous benefits for registering and being a part of the Ministry. 
The numerous advantages of MSME registration are:-
Financial Assistance 
The MSME registered organizations get priority lending from government banks for their business operations. The banks also provide short-term financing to the MSME registered companies. They can eventually develop their companies to grow much bigger with the financial aid and assistance being provided by the Government. 
Lower Interest Rates
The MSME registered companies are provided higher credit with a significantly lower interest rate. This enables organizations to function more effectively and develop at a faster pace. 
Income Tax Exemption
The MSME registered companies can enjoy the privilege of tax exemption and the ones that are not registered as MSMEs will have to pay taxes in lakhs. 
Trade Matters
The Government extends support to the MSMEs to promote their products or services in various exhibitions and drive more sales. The Government also provides certain incentives for the export of good or services. The trade relations with different countries is also enhanced with the classification of Micro, Small and Medium enterprises. 
Infrastructure 
The Government provides the MSME organizations with capital and other grants that would help boost the infrastructure at environmental as well as technical level. The Government also aims at boosting the entrepreneurial spirit in the entire nation. 
Ahead of Competition
The MSME registration provides the organizations with exclusive purchase preference policy and that helps the organizations to stay ahead of the competition. 
MSME registration provides both monetary as well as non-monetary benefits. Hence, organizations need to get MSME registration. 
BDS Legal Services is one of the leading MSME registration consultants with MSME registration office in Pune and across India. 
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bds-legal-services · 4 years
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Top 5 Reasons Why You Need To Get Trademark Registration In India?
A Trademark can be a logo, design or any expression that represents any product or service or a brand or any organization. The Trademark registration provides exclusive rights to the owner to replicate the logo, design or expression. 
Trademark is essential for the companies to sustain the tough competition in the market. The registered trademark provides numerous advantages to the brand/organization. 
Importance of Trademark Registration in India
1.   Brand Identity
the brand identity of any organization is established through the trademark registration that they acquire. The trademark registration provides the brand/organization with an identity that the customers could easily connect and relate thereby creating a connection of the brand/organization with the customers. 
 2.   Unique
trademark registration provides a unique brand image to the brand/organization that enhances the overall exposure of the brand. The economic slowdown has caused intense competition between organizations and this makes it even more important for the organizations to be unique and possess a unique selling proposition in order to sustain and survive the tough competition. 
 3.   Protection
Trademark registration provides the legal protection to the name, logo, design or expression from being used by any other business. The protection is essential as once a brand symbol becomes popular other businesses tend to replicate the same and leverage on the brand equity of other brand's trademark to boot their businesses. This would be of great disadvantage and loss to any organization. This is also an important reason to contact trademark registration service provider and get trademark registration in India. 
 4.   Permanent
registration is permanent and thus helps the brand/organization to build a great image and brand association over the years and register the brand trademark in the minds of the customers. 
 5.   Business Development
Trademark registration helps organizations to develop their business as they are now legally capable of exploring much more opportunities and developing their business for better productivity of the organization. 
BDS Legal Services is one of the leading Trademark Registration Service providers with trademark registration office in Pune as well as other cities.
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bds-legal-services · 4 years
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What can be patented in India?
The patent registration is a very critical and important process in India. The patent is acquired by the inventor of an idea or innovation so that they acquire the sole rights for duplication, replication and usage of that particular invention. 
The patentee will receive numerous benefits and advantages out of the legal procedure of acquiring a patent registration online for their innovation. 
The competitive environment in every industry makes it more difficult for organizations to reach the customers and run their business successfully. 
Any innovation is widely appreciated and adopted by most people in a developing country like India and this makes it more important for the innovator to get their idea patented and enjoy the entire rights of exploring their idea or innovation exclusively.
For what all can one acquire the patent rights in India?
There does not exist a clear list of what all can be patented but certainly, there are certain criteria that are to be fulfilled to acquire the patent registration. 
The criteria to be fulfilled to acquire the patent registration are:-
Innovation
The invention must be the first of its kind and unique. It should be different from all the existing innovations. The invention must not have been claimed by anyone else in the country. 
Practical Usage
The inventions can be patented only when they are practically applicable and be used extensively for the betterment of the industrial operations. The practical applicability of the invention is the most important criteria that are to be considered while applying for patent registration. 
Novelty 
The innovation has to be novel and only then it would qualify to the completion of the patent acquisition. 
BDS Legal Services one of the best patent registration services provider in India and was founded in 2012 and has since expanded with an outstanding record for its diligent, efficient and innovative legal guidance centred based on credibility and integrity. 
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bds-legal-services · 4 years
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What is the importance of MSME registration in India?
India is a country of a large population. Many multinational organizations are turning their focus to cater to the large consumer base in India. 
 India being a developing economy encourages more entrepreneurs to establish their own business and flourish the overall productivity of the country. 
The Micro, Small and Medium Enterprises sector is one of the major driving forces of the Indian economy. The MSME registration provides a heap of benefits to the registered company to develop at a faster pace. 
This is the reason that makes it critical for micro, small and medium enterprises to register themselves in the MSME industry. 
The growing start-ups have encouraged entrepreneurship skills in the entire country. People are now interested in developing their own micro, small and medium businesses to accomplish their dreams. 
The MSME registration paves the way for many budding entrepreneurs to explore their ideas and run a successful business organization that would benefit the society and the entire nation. 
The MSME industry in India will aid in developing the Indian economy and also outperform the competitor countries with extraordinary business ideas.
What are the criteria to register as an MSME organization?
The MSME organizations are broadly classified as Manufacturing enterprises and Service enterprises according to the nature of business activities. 
The manufacturing enterprises with investments less than 25 lakhs are considered to be micro-enterprises, less than 5 crores are said to be small enterprises and less than 10 crores are said to be medium enterprises. 
The service enterprises with investments less than 10 lakhs are considered to be micro-enterprises, less than 2 crores are considered to be small enterprises and less than 5 crores are considered to be medium enterprises. 
The manufacturing, as well as service enterprises falling under the aforementioned categories, can register themselves as MSME under the MSME Act. 
What are the benefits of MSME registration?
There are numerous benefits that one can derive by registering under the MSME Act. 
Financial assistance in the form of bank loans at lower interest rates that would help the MSMEs to flourish at a comparatively faster pace. 
Special tax rebates that would assist them to gain more profits and encourage more business tasks and activities. 
Government tenders and projects exclusively offered for MSMEs. 
The several discounts offered for various government procedures such as patent registration and many more. 
The organizations can get the aforementioned benefits only when they register themselves under the MSME Act in India. 
The MSME registration consultants at BDS Legal Services would provide exceptional services to register your enterprises under the MSME Act. 
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bds-legal-services · 4 years
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Trademark Registration – A Valuable Asset
https://bdslegalserv.com/services/trademark.htmlThe trademark generally refers to any logo, brand or symbol that provides a unique and distinctive identity to the organization. 
The trademarks can also be registered for any brand name or distinctive phrases or jingles. 
The businesses are benefited to a greater extent when the trademark registration is carried out successfully and practiced effectively. 
The advantages of trademark registration are:-
1.   Stand out in the competition
The numerous options available for the customers makes it highly challenging to register a brand name in their top of the mind awareness. The trademarks eventually help to create a high level of knowledge about the brand amongst the customers.
2.   Utilize Digital Medium Effectively 
The digital medium can be used effectively for marketing the brand's products or services. The social media websites such as Facebook, Pinterest, Instagram and Twitter can be used to register the brand effectively. 
3.  Powerful Communication Tool
The trademark registration proves to be an efficient communication tool that enhances brand image and equity that intensifies customer engagement thereby magnifying the business scale. 
4.   Brand Equity 
The trademarks are a valuable asset to the company. The brand equity is enhanced effectively through trademark registration. The stakeholders of the company are all benefited through the positive image of the organization created through trademark registration.
The trademark registration is a vital process and cannot be ignored. The trademarks when not registered can lead to tampering the brand name as well as misuse of the brand logo or name by other competitors that would collapse the entire business. 
BDS Legal services are one of the best trademark registration service provider and is a one-stop solution to all your legal requirements. The trademark registration office in Pune provides exceptional service.
BDS Legal Services was founded in 2012 and has expanded with an outstanding record for its diligent, efficient and innovative legal guidance centred based on credibility and integrity.
With concrete experience, BDS Legal Services has led the change in the way law firms are owned, managed and operated. We are consistently ranked amongst one of the reputed law firms in India. For more info @ https://bdslegalserv.com/services/trademark.html
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bds-legal-services · 5 years
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FSSAI Registration – Process Made Easy
The quality is the new key to success in any business. The customers expect great products that are of high-quality. The FSSAI registration assures that safe product are promoted to the customers.
The FSSAI (Food safety and standards authority of India) plays a critical role in the formulation of control procedures. 
The consumer must trust the quality of the food product and brand image and trust would be the biggest asset to the food business operators. The fssai registration online in Mumbai potentially helps in building trust.
The FSSAI eliminates all the hazardous and toxic things from the food products if any. The fssai registration in Mumbai assures that every person gets the quality assured product without any difference. The packaging of the product often speaks a lot about the quality of the product.
The food business operators abide by the rules of the FSSAI to get the registration number. 
The fssai registration service helps to eliminate the malpractices, fraud and other toxic element incorporation in the food thereby degrading the quality of the food.
The food industry in India can take numerous measures to ensure food quality. 
The food industry conducts the hazard test and removes hazardous products if any are present in the food products. 
The employees need to go through extensive training to     handle the process carefully. 
The distributors must also assure the quality of the     food product. 
 The FSSAI registration is critical to any food business operator. 
BDS Legal services are one of the best copyright registration in Mumbai stop solution to all your legal requirements.
BDS Legal Services was founded in 2012 and has expanded with an outstanding record for its diligent, efficient and innovative legal guidance centered based on credibility and integrity.
With concrete experience, BDS Legal Services has led the change in the way law firms are owned, managed and operated. We are consistently ranked amongst one of the reputed law firms in India.
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bds-legal-services · 5 years
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The MSME and Union Budget 2019
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Micro, Small and Medium Enterprises (MSME) sector rises to be a productive sector in the Indian economy. They are a crucial part of executing employment programs in India.
The MSME base in India is the second-largest in the world. There are about 63.05 million micro industries, 0.33 million small, and about 5,000 medium enterprises in India.
The major takeaways from the Union Budget 2019 that are favorable to the MSMEs are:-
1.   New payment platform 
The Government has declared to develop a new payment platform for the MSMEs that would make the billings and business process easy.
2.    Stand Up India Scheme 
The Stand Up India Scheme has been extended to the year 2025.
3.   Corporate Tax
The corporate tax has been lowered to 25% for companies with an annual turnover of 400 crores that was 250 crores earlier.
4.   Skill development
The skill development programs focusing on new-age skills such as Artificial Intelligence (AI), Big Data, 3D Printing, Virtual Reality, Internet of Things and Robotics.
5.   Fund Allocation
The Government of India has allocated Rs 350 crores under the Interest Subvention Scheme for the year FY 2019-20.
6.   Pradhan Mantri Karam Yogi Maandhan Scheme
The pension benefit has been extended to 3 crore retail traders and small shopkeepers with an annual turnover of less than 1.5 crores.
7.   Interchangeability of PAN card and Aadhar card
The Government has proposed interchangeability of PAN card and Aadhar card to file a tax return.
8.   TDS imposition
TDS of 2% will be imposed on cash withdrawals exceeding Rs. 1 Crore in order to encourage a digital mode of cash payments.
9.   Make in India
The 'Make in India' campaign is in focus on the Union Budget 2019 to develop the MSME sector.
BDS Legal Services a leading conglomerate in MSME registration consultants cater remarkable commitment as an MSME registration service provider.
BDS Legal Services is a leading national law firm in India comprising over numerous professionals, with offices for MSME registration in Pune.
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bds-legal-services · 5 years
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All that you have to know about FSSAI and Eat Right India Movement
The Union Government is celebrating the month of September as the Rashtriya POSHAN Maah (National Nutrition Month) 2019. 
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“It’s time for India to eat right,” stated Health Minister Harsh Vardhan while starting the year-long social and mass media campaign Eat Right India.
There are three ongoing initiatives of FSSAI under the Eat Right Movement.
Safe and Nutritious Food Initiative focused     on social and behavioral change around food safety and nutrition at home,     school, workplace, and on-the-go;
The Eat Healthy Campaign  that focuses on the reduction of     high fat, sugary and salty foods in the diet; and
Food Fortification is a program that focuses on promoting five     staple foods-wheat flour, rice, oil, milk, and salt.
The health minister started the campaign plan of posting a single tweet a day to change the eating behavior of India by delivering a theme a week with nutritional facts and diet plans.
The Eat Right India movement is launched to be a preventive measure to the accelerating rate of non-communicable diseases like diabetes, hypertension and other foodborne diseases.
The government of India performs other health programs.
1. POSHAN Abhiyaan.
2. Anemia Mukt Bharat.
3. Ayushman Bharat Yojana. 
4. Swachh Bharat Mission.
The Eat Right India Movement has gained positive reviews from the WHO(World Health Organization) for initiating such a movement by analyzing the need for the hour.
FSSAI registration is important for any food business organization. 
FSSAI registration services along with other services are provided with expertise at BDS Legal services.
About Bdslegalserv.com:
BDS Legal Services is a leading national law firm in India comprises over numerous professionals, with offices in Mumbai (Headquarter) and Pune. Our Practice areas are – IPR, Secretarial, Legal, Company Registration, Annual Filings, Returns, and Tax.
Get in touch for a free consultation on [email protected] or call 022 50677213 / 022 50677219 / 022 50677212.
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bds-legal-services · 5 years
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What are the initiatives in the MSME segment in India?
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For a nation to develop, the legislature ought to effectively advance business ventures. Among business undertakings, the Micro, Small and Medium Enterprises (MSME) merit extraordinary consideration. In spite of the fact that MSMEs are little speculation ventures, yet their commitment to the Indian economy is exceptionally noteworthy.
Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 which was notified on October 2, 2006, deals with the definition of MSMEs. The MSMED Act, 2006 defines the Micro, Small and Medium Enterprises based on
a)   the investment in plant and machinery for those engaged in manufacturing or production, processing or preservation of goods
b)  and the investment in equipment for enterprises engaged in providing or rendering of services
Late Initiatives
· As a major aspect of the National Manufacturing Competitiveness Program (NMCP) – 10 explicit activities were taken to upgrade the intensity of the whole esteem chain of the MSME division.
· Constrained Liability Partnership (LLP) Act, 2008 was acquainted with empowering early corporatization of MSMEs and tap the capital market for raising support. In like manner, MSME stages are made in BSE and NSE in 2012.
· To build up a guide for the improvement and advancement of MSMEs, a team was made by the Prime Minister of India in 2009. The Task Force, which involved, among others, six explicit subject-based sub-gatherings (using a credit card, advertising, foundation, innovation, attitude improvement, leave approach, work, and tax assessment) presented its report in 2010 recommending:
(1) Immediate strategy measures
(2) Medium-term institutional measures
(3) Legal and administrative structures to make a favorable situation for enterprise and development of MSMEs.
· The Inter-Ministerial Committee for Accelerating Manufacturing in Micro, Small and Medium Enterprises made proposals on – (a) the advancement of new businesses (b) encouraging task and development (covering credit, innovation, and advertising) (c) conclusion and leave (d) work laws and guidelines.
· These strategy activities are clear and reliable, went for changing the biological system for the MSMEs division by impacting: (1) Birth (empowering Start-Ups) (2) Operations and development (by improving laws and guidelines, and encouraging their entrance to credit. Better innovation and dynamic markets, aside from gifted work and dependable framework) (3) Orderly and simple exit
· In this manner, the developing focal point of India's MSME arrangement goes for covering the whole lifecycle of MSMEs to guarantee a solid, energetic and aggressive MSME division.
Conclusion: MSMEs are instruments of comprehensive development which contact upon the lives of the most powerless and underestimated. For some families, it is the main wellspring of occupation. Along these lines, rather than adopting a welfare strategy, this division tries to enable individuals to break the cycle of neediness and hardship. It centers around relationship-building abilities' and office. Notwithstanding, various fragments of the MSME segment are overwhelmed by various social gatherings. Bds Legal is redefining its identity as registration consultants in India. It has its MSME registration office in Pune. We offer the cohesive benefits of MSME registration.
Benefits of MSME registration:
· If a memorandum is filed by the MSME, then it is liable for timely payments by the buyer.
· Certain exemptions under Excise Scheme and Direct Tax Laws are provided.
·  Finance from banks is easy to obtain due to Government support. The lower rate of interests is also observed.
· Preference is given in Government tenders and a concession in electricity bills is also given.
· Statutory support is provided. It includes reservation and interests on The Delayed Payments Act.
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bds-legal-services · 5 years
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Let’s know the benefits of ISO 27001 certification
ISO 27001 is basically an international standard which is globally recognized for managing risks to the security of information you hold. This certification will allow you to prove to your clients and other stakeholders that you are managing the security of your information and it also offers a set of standardized requirements for an Information Security Management System (ISMS). The standard adopts a process-based approach for developing, executing, controlling, tracking, conserving, and surpassing your ISMS.
Here are the benefits of ISO 27001 certification:
Revamp structure & focus
This Standard helps businesses become more high-yielding by clearly setting out information risk responsibilities.
Obtain an independent opinion about your security posture
This certification ensures the continual improvement of the ISMS by undertaking regular reviews and internal audits of the ISMS. Even external auditor will review the ISMS at specific intervals to develop whether the controls are working as intended. Basically, this assessment will give an insight into whether the ISMS is functioning properly and will also offer the level of security needed to protect the organization’s information.
Win new business and retain your existing customers
This certification will help you to improve working relationships and retaining existing clients which will give you a proven marketing edge against your competitors.
Obey with business, legal, contractual and regulatory requirements
This Standard will help to protect the information in line with increasingly rigid regulatory requirements such as the General Data Protection Regulation (GDPR), the NIS Directive and other cybersecurity laws.
Lessen the need for frequent audits
This certification nullifies the need for repeated customer audits, reducing the number of external customer audit days.
Preserve and enhance your reputation
Because of cyber-attacks, implementing an ISO 27001-certified ISM helps to protect your organization against such threats and demonstrates that you have taken the necessary steps to protect your business.
Ignore the financial penalties and losses associated with data breaches
ISO 27001 enables organizations to avoid costly penalties due to non-compliance with data protection requirements and financial losses due to data breaches.
Understand the weaknesses of the business
Businesses have areas of strength as well as weaknesses also. Understanding and reducing these allow the organization to have more control over its activities and to put controls in place to toughen those weaknesses.
Sleep better at night, worry less
ISO27001 allows you to put a structure in place for organizing this information. It’s not fully dictatorial allowing security to be executed that is suitable to your business, however, it forces control to be revamped within the business thus allowing you to worry less and sleep better.
To conclude – ISO 27001 is a certificate packed with benefits. In most cases, if you present those benefits in a comprehensive way, the management will start listening to you. With easy & avid ISO certification process, BDS Legal Services is most noted as an ISO Certification Services Provider in India and have certified more than 500 clients.
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