Trademark Registration for Common Metals and Alloys
Trademark Registration works to protect your business reputation and goodwill around the world. With the trademark, one can make his or her business easy to the target market. In this article, we will consider about Trademark Class 6 and its process.
Before considering the Trademark class 6 categories, you need to understand about Trademark and its significance.
What is a Trademark?
A trademark is a type of intellectual property consisting of a recognizable sign, form, or expression which identifies products or services of a relevant source from those of others, although, with a unique Trademark, customers can easily know your products or services among various competitors’ products. Now, we discuss the Importance of Trademark Registration.
Significance of Trademark Registration
Trademark Registration helps play a significant role in such situations and preserve brand owners against such trademark infringement.
Trademark Registration is mandatory for many reasons such as
• A unique Brand logo is the most valuable asset of any business. • The customers can speedily know your product or services easily. • Guard your brand logo against misuse or duplication by others.
Documents Required for Trademark Registration
• Brand logo Logo needed in jpeg or png format which you want to protect through trademark registration. • Nature of business you have to provide a brief description of business activity you’re carrying out under the brand logo which you want to protect with trademark registration. It is required to recognise the right class of trademark. • Identity Proof of applicant Anyone Identity proof document of trademark applicant needed such as Aadhaar, passport, driving license. • Address of Applicant complete Location of the applicant of the Trademark is expected to be furnished for Trademark Application.
Now, we will understand about Trademark class 6
Trademark Class 6
Trademark Class 6 concerns to common metals and their alloys, metal building materials, transportable frames of metal, materials of metal for railway tracks, non-electric cables and cables of common metal, small objects of metal hardware, pipes and tubes of metal, safes, goods of common metal not covered in other classes, ores. Know more about Trademark Registration for Common Metals and Alloys
GST on Banquet and Catering Services
GST is an important aspect of any business. The same goes for GST on Banquet and Catering Services Business. In India, Banquet Services is quite popular and successful. Therefore, The government gains revenue by imposing GST on Banquet and Catering Services.
Let us understand it in detail.
What are Banquet Services?
Banquet Services, as we all know, entail a more sophisticated meal than a typical family supper owing to the magnitude of the occasion or the number of people in attendance.
These services might include things like weddings, meetings, and conferences. The Banquet Hall is subject to an 18% GST charge. It is charged separately irrespective of other services.
What are Catering Services?
Catering services, in basic terms, assist clients with food preparation, manufacturing, delivery, and presentation. If you’ve ever been to a wedding reception where the food was well prepared and served, you’ve undoubtedly attended a catering event.
As a result, catering services refers to a company whose major goal is to prepare food and meals on site and then transport them to another location for consumption.
GST on Banquet and Catering Services
Banquet hall services are typically provided by India, hotels, and big banquet halls, and include hall rental and décor. They also provide restaurant services such as catering, staffing, and event planning. A banquet hall or hotel, on the other hand, can opt to rent out the space or provide catering services.
In the case of the services described above, four HSN categories are applicable.
Cafes, room services, meal delivery to your house, and other similar services are included in HSN 996331.
Catering services provided at parties, weddings, exhibition halls, and other events are covered under HSN 996334.
HSN 998553 includes reservation services for convention and congress centers
HSN 997212 includes leasing or rental services associated with the leased or owned non-residential property.
Grandparents: Four Tips for Spending on Your Grandkids
Many grandparents spend cash on their grandkids – whether by chipping in on tuition bills, purchasing special treats or simply buying holiday gifts and helping with day-to-day expenses. Many seniors say that creating a financially secure life for themselves and their family is an important goal. As a grandparent, it can be hard to find a balance between supporting (and spoiling) your grandkids while ensuring you don’t run short on funds to reach your own financial and retirement goals. Here are four tips to keep it all in check:
1. Know what you can afford. No matter how much you enjoy splurging on your grandkids, your financial security should remain your first priority. There are many unknowns in retirement, including your longevity, fluctuation of the markets and the impact of inflation on purchasing power. Spend and gift within your means to maintain your own financial health in the future.
2. Determine if you’re giving or loaning. If you’re giving a gift, understand current federal tax rules, which are based on the calendar year. In 2015, you can give up to $14,000 to each family member before the federal gift tax is applied. And make certain the recipient knows it’s a gift for their own tax purposes, and so there is no uncertainty about whether or not they need to pay you back. If you are loaning money to a grandchild, be very specific about the terms and repayment, and consider having a written document that both parties sign and date. This can help safeguard your financial situation and ensure both of you are on the same page – now and in the future.
3. Talk about it. Many people tend to shy away from discussions about money and finances with their family. If you would like to help support your grandchildren or save for their future goals like college or a down payment on a home, be sure to communicate this with their parents. This can help your adult children do a better job with their own financial planning. For example, if the parents of your grandchild know how much you are expecting to contribute to their child’s education, they may be able to decrease the amount allocated to a 529 Plan and invest more toward other goals, such as their own retirement.
4. Establish boundaries. Even if you want to help your grandchildren financially, depending on their situation, it may not be appropriate to do so, or to repeatedly provide support. Everyone appreciates help, but if your grandchild needs to learn financial independence, there can be value in letting them live within their own means. Keep in mind the smart – and sometimes tough – financial lessons you learned as you made your own way as a young adult, and the pride that came with successfully overcoming challenges.
If you want to provide financial support to a family member, but haven’t incorporated it into your overall financial plan, consider consulting a financial professional. He or she can help you evaluate your financial needs and goals and create a strategy. A clear and realistic understanding of your own financial picture can help you identify how much you can comfortably give and stay on track with your own goals.