Meaning of Financial Year under Companies Act, 2013: As per Section 2(41), financial year in relation to a company or body corporate, means the period ending on the 31st day of March every year, and where it has been incorporated on or after the 1st day of January of a year, the period ending on […]
This Act may be called the Goods and Services Tax (Compensation to States) Amendment Act, 2017. (2) It shall be deemed to have come into force on the 2nd day of September, 2017.
As known to all, GSTIN (Goods and Services Tax Identification Number) is a 15 digit ID. Knowing the structure of the GSTIN is important for a business for the following reasons:
f Bitcoin is declared as Legal Currency then we will not be required to pay GST on Sale and Purchase of Bitcoin Currency. Because as Per Section 2(52) of CGST Act, Goods means every kind of movable Property other than Money and Securities.
The Ministry of Corporate Affairs (MCA) had in September 2017 disqualified 3,09,614 directors associated with companies that had failed to file financial statements or annual returns for a continuous period of three financial years from 2013-14 to 2015-16 in terms of provisions of section 164(2) read with 167(1)(a) of the Companies Act, 2013 [the Act]. A list of such directors was published on the website of MCA.
Can a manufacturer who was not registered in excise take credit of goods on which he doesn’t have duty paying documents i.e. Can he take deemed transitional credit?
