Application Reference Number is the number that is generated on the GST portal on the successful submission of your GST registration application. The ARN number can then be used to track the status of your GST registration till your GST certificate and GSTIN is issued by the government.
GST is a trust-based taxation regime wherein a taxpayer is required to self-assess his tax liability, pay taxes and file returns. Thus, to ensure whether the taxpayer has correctly self -assessed his tax liability a robust audit mechanism is a must. Various measures are taken by the government for proper implementation of GST and audit is one amongst them.

Private limited company a company which is private or personally held small business. Private limited company itself defines that these are companies which have limited liability and is very personal. The liability of its members/shareholders are limited to their capital/amount of shares held by them.

There are very common words associated with Private Limited like Directors, DIN Number, Digital Signature Certificate, Members/Shareholders, Paid up Share Capital, Authorised Share Capital, Registered Office, MoA-AoA etc.
Private companies are registered with MCA under the state jurisdictional ROC. However, now the companies & their name approval for every state is handled by a Special Central Registration Center which is manesar, Haryana India.

Limited Liability Partnership (LLP) has become a preferable form of organization among entrepreneurs as it incorporates the benefits of both partnership firm and company into a single form of organization.

Limited Liability Partnership (LLP) has become a preferable form of organization among entrepreneurs as it incorporates the benefits of both partnership firm and company into a single form of organization.
he minimum number of partners to incorporate an LLP is 2. There is no upper limit on the maximum number of partners of LLP. Among the partners, there should be minimum two designated partners who shall be individuals, and at least one of them should be resident in India. The rights and duties of designated partners are governed by the LLP agreement. They are directly responsible for the compliance of all the provisions of LLP Act 2008 and provisions specified in LLP agreement.

The Micro, Small and Medium Enterprises Development Act, 2006 is an Act of the Parliament of India. According to the act, "any buyer who fails to make payment to MSMEs, as per agreed terms or a maximum of 45 days, would be liable to pay monthly compounded interest at three times the bank rate notified by RBI

Import certificates are a proposed mechanism to implement balanced trade, and eliminate a country's trade deficit. The idea was proposed by Warren Buffett in 2003 to address the U.S. trade deficit. In the United States, the idea was first introduced legislatively in the Balanced Trade Restoration Act of 2006. The proposed legislation was sponsored by Senators Byron Dorgan (ND) and Russell Feingold (WI), two Democrats in the United States senate. Since then there has been no action on the bill.