Evolution of disruptive technologies is fast shipping the global economies or should we say, rewriting the rules of global businesses. Disruptive technologies are not only creating new products, services, business models but also providing vast amount of data for carrying out various analysis from different perspectives suitable to a variety of users and purposes.
Now, in the GST Regime, the service of transportation of goods by a vessel from a place outside India up to the customs station of Clearance in India (Import Ocean Freight) is taxable @ 5% (IGST) by virtue of Notification 8/2017 – IGST (Rate) dt. 28th June 2017 read with the IGST Act, 2017 & relevant provisions of CGST Act, 2017.
LUT or LOU or the Letter of Undertaking is a Popular term these days. It is paramount for Goods and Service exporters. As per Rule 96A of CGST Rules any registered person availing the option to supply goods or services for export without payment of integrated tax shall furnish, prior to export, a bond or a Letter of […]
The NRI Demat account is important for NRIs looking forward to invest in the shares, bonds, and Initial Public Offers (IPOs). The Demat account is maintained to hold shares or securities in electronic form.
Lawyers of foreign countries or their law firms cannot practice profession of law in India, Bar Council of India or Union of India are at liberty to make appropriate rules in this regard.
In case of group of companies, normally a company hold shares in various subsidiaries / group companies. The dividend paid by these group companies is exempt in the hands of the parent company under section 10(34) of the Income-tax Act, 1961 (Act).
Levy of GST is on an event called “supply”. In case of an association or club, can it be said that an association or club is supplying services to its own members ? As an illustration to understand the issue let us assume that a housing association is formed by the resident members to facilitate […]
The Goods and Services Tax (GST) was implemented by the government of India on 1/7/17. India joined the likes of Australia, Brazil. The Government claims that it is a historical tax reform since independence. It was hailed by Flipkart’s chairman as a step which will financially unite the country.
The Central Bureau of Investigation has today arrested two Directors of Kolkata based private company in an on-going investigation of a bank fraud case to the tune of Rs.515.15 crore(approx).
The Gopalganj Central Co-operative Bank Ltd., Gopalganj, At- Post office Chowk, P.o+Distt- Gopalganj invites sealed tender under two bid system from Chartered Accountant Firm for concurrent audit for F.Y.- 2018-19 of its 16(sixteen) branches, 1(One) extention counter along with Head Office on following terms & Conditions:-
