The Apex Court’s land mark ruling has once again affirmed the principle of ‘Purpose Test’ which determines whether the expenditure is capital in nature or revenue in nature; and the form of mechanism through which the subsidy is given, the point of time at which the subsidy is paid and the source of subsidy is immaterial.
As per section 96 of CA, 2013, every Company (other than OPC) shall hold a general meeting annually (exclusive of any other meeting). But if any default is made in holding the annual general meeting of a Company u/s 96, then the Tribunal (NCLT) shall come into the picture.
Cost of Quality (COQ) can be defined as Costs associated with quality-related efforts and deficiencies – these include assuring, preventing, detecting, and remediating product issues related to quality. Quality involves in creating, maintaining, upgrading and delivering a product having some standards that meets or exceeds the expectations of the customers.
E-way bill under GST is an electronic way bill for movement of goods which can be generated on the GSTN. E-Way Bill under GST is mandatory for the ‘movement’ of goods of more than Rs 50,000 from 1st Feb 2018.
We are in GST regime wherein the credit should be availed for reduction in cost and compliance should be made on timely basis. If compliance is not in place then we might end in paying hefty amount. After TRAN 1, we need to file TRAN 2 for credit on Ad hoc basis
S.Maheswaran B.Sc., B.L., Superintendent of Central Tax and Central Excise As the portal GSTN is not ready so manual filing of GST Refunds has been enabled vide inserting rule 97A in CGST Rules 2017 vide Notfn No. 55/2017 CT dt15.11.2017. The following types of GST Refunds are covered under manual filing viz., GST Refund of […]
