Section 8 is a Company incorporated For promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object, provided the profits, if any, or other income is applied for promoting only the objects of the company and In such Company, No dividend is paid to its members. […]
A lot of confusion is in each of us mind that When we need Registration, When COMPULSORY Registration required & When we are exempt from Registration ?
Rules on E-way bill has been notified, and there has been loads of queries from the businessmen, professionals and hence top 18 FAQ have been elected and they have been asnwered in this, which might help our business world have clarity on the same.
Non applicability of Cash flow statement 1. One Person company as defined under section 2(62) of the 2013 Act 2. It is a Dormant Company as per Section of the Companies Act, 2013 3. It is a Small Company as defined under Section 2(85) of Companies Act, 2013. Here Small Company means a company who’s […]
Issue – 1 : All Suppliers to SEZ Units / SEZ Developers Need to Compulsorily Register under GST- Supplies to SEZ Units / SEZ Developers is treated as Inter-State Transaction as per provisions of Sec 7(5) of IGST Act, 2017. Therefore all such suppliers are Compulsorily Registration under GST irrespective of their Turnover as per Sec 24 of CGST Act.
Checklist to avoid JSON error while using offline GST tool 1. GSTIN should be valid and 15 alphanumeric characters. 2. Invoice lencth should not be more than 16 characters and only characters allowed are numeric, Alphabets , / and ‑ 3. In b2cl, invoice value should be more than 250000. 4. Invoice Date, Note date, […]
Shri Ram Vilas Paswan, Union Minister for Consumer Affairs, Food & Public Distribution told that in order to check the levying of Service Charge compulsorily, CBDT has been asked to consider inclusion of Service Charge while assessing tax.
GST TRAN 1 is a declaration to be filed electronically, to claim various transitional credits admissible. The same is to be filed on or before 28.09.2017. On the recommendations of the GST Council, the time can be extended by another ninety days. There are no provisions enabling filing of revised GST TRAN 1.
Aadhar Legislation will stand the test of constitutionality; Demonetisation helped in reducing the volume of cash transactions and increase in digital payments, widening of the tax base and more formalization of the economy among others; No reverse in financial inclusion process possible for policy makers.
Digital inclusion is the foundation of financial inclusion. We have certain fundamental approach for commitment as far as digital platform is concerned. The first and foremost is, we want to become the leaders in the field digital revolution in the world. Second important attribute of our initiative is, we simply don’t want to digitize India, but we want to create a technology that is transformative, which will empower India, and also empowers Indians
