Recommend that the GST rate on Diethylcarbmazine (DEC) pills be reduced from 12 percent to 5%. Clarified that services provided to government entities in the form of rope-way construction are subject to the 18% GST rate. Know about relaxation in filing of GSTR 3B for the month from Mar’2021 to May’2021 SN Tax Period Turnover …
Introduction to Types of NBFC Nowadays NBFC has become an integral part of the financial sector in India. RBI has mandated various types of NBFC carrying of different types of businesses based on their principal object. For carrying on different types of financial lending activities, the NBFC must fulfill the required criteria as provided by …
SECTION-92-ANNUAL RETURN OF COMPANY ANNUAL RETURN The annual return is required to be filed by every company in Form No. MGT.7 which includes all the information of the company as of the closure of the financial year. As per section 92 of Companies Act, 2013, an overview of all the annual returns given in Form …
Income Tax Return The tax return is a document that you are expected to file which includes information about your earnings as well as your tax liabilities. These tax return forms are necessary to file with the Income Tax Department. The Income Tax Act, 1961, allows the Indian citizen to send their Income tax returns …
Section 8 Online Registration of Company OVERVIEW According to the companies act, 2013 section 8 companies are one whose objective is to promote the field of art, commerce, science, research, charitable, social welfare. Section 8 Company is an entity licensed for charitable purposes; it can also be applied to as a Non-Profit Entity (NPO) or …
The “Input Tax Credit” is NOT available for project development services under the Central Goods and Services Tax Act, 2017. RULING of AAR, Gujrat – M/s. Deendayal Port Trust (erstwhile Kandla Port Trust) The concern involved in this incident concerns the ‘Input Tax Credit’ under the CGST Act. A port trust that runs a big port …
RBI enforce withdrawal restriction of a total amount not exceeding 500 For Karnala Nagari Sahakari Bank Ltd., (Maharashtra) 1. Authority to issue certain Directions to Karnala Nagari Sahakari Bank Ltd., (Maharashtra) by which, as from of the end of trading on 15 June 2020, the Administrator of the aforementioned bank shall not, without prior written …
Does GST Late Fee past return Waiver decision – Correct or Incorrect? GST Council’s recent decision at the 40th Council meeting on the comprehensive waiver of the late fee for nil returns and the capping of Rs. 500 pm for others from July 2017 to Jan 2020 has decided to open the room for debate on …
Failed to file some form of charge because with the LockDown? If so, therefore the new MCA Circular will help you with this. Reference this Circular here MCA formed General Circular No. General Circular No. 23/2020 dated 20th June 2020 on Specific Steps under Companies Act, 2013 (CA-2013) in view of the COVID-19 outbreak which …
Today Update : DIRECT TAX:- To refer a case to TPO, AO need not to have definite findings, Prima Facia opinion is sufficient. Sec 92CA (1) envisages that where the AO consider it ‘necessary or expedient’ to do so, he may with the approval of Commissioner refer the computation of arm’s length price in relation to …