This article discusses in details who is real estate agent under RERA, his registration and his roles and responsibilities under the RERA (Real Estate Regulation and Development Act, 2016) and penalties on him.
Exemptions to Private companies under Companies Act, 2013 in a nutshell is given below for ready reference of the Professionals. This article is written with an intention to give the readers a one page look at the exemptions to private companies under the Companies Act, 2013. I hope it proves to be useful to all […]
The existing pension plans/ retirement plans in India are from the insurance companies. They are available in the form of traditional products or in the form of ULIP schemes.
India has recently seen a growing preference among investors to invest in platform deals. When investors want to play big and have a long-term strategy, they create platforms to invest in sizeable assets in the same sector, rather than investing in individual assets.
Job work is an integral aspect of the manufacturing industry. Manufacturers usually outsource a portion of their activities to a third person. This turns out be cost-efficient and helps them to be more productive by focusing on their core activities
Before GST a manufacturer who is compliant under Central Excise, Service Tax, and VAT has to file returns as specified by each of the states. With this GST in place, whether you are a trader, manufacturer, reseller or a service provider, you only need to file GST returns.
In India, the concept of reverse charge under GST is being introduced which is already present in service tax. Currently, there is reverse charge mechanism in supply of services only. But in GST RCM applicable for both services and goods.
With implementation of Goods & Services Tax w.e.f July 1,2017, students of Professional Programme are hereby notified that selected topics of Part B of the syllabus for Advance Tax Laws and Practice (Module 3 Paper 7) of Professional Programme has been replaced with Goods and Services Tax (GST) for December, 2017 examinations.
The Instruction No 9 of 2006 dated 7/11/2006 as supplemented by Instruction No 16 of 2013 deal with revenue / receipt audit. In spite of a comprehensive instruction with well-defined role & responsibilities of various authorities, the pendency of outstanding objections has not abated.
You are aware that Notification No. 16/2017 – Central Tax dated 7th July, 2017 has been issued specifying conditions for acceptance of Letter of Undertaking (LUT) in place of bond. You would appreciate that we are in a trust based taxation regime.
