"22 June 2018" Archive

Reliance Nivesh Lakshya -An Investment Plan to safeguard against falling Interest Rates

How Falling Interest Rates are Eating Away the Investor’s Money & It’s solution provided by Reliance Nivesh Lakshya –  promising returns over long term. The last few months have been quite tough for the conservative investors after going through the headlines of falling interest rates. Now is the right time for exploring th...

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Posted Under: Finance |

Why the Basic Attention Token (BAT) has a Bright future

Created by Brendan Eich, the American technologist who created JavaScript and co-founded the Mozilla project and foundation, Basic Attention Token (or BAT) is an Ethereum-based blockchain technology that has the potential to improve the effectiveness of digital advertising. This cryptocurrency token is designed to be exchanged freely betw...

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Posted Under: Finance |

Issues & solutions: Valuation, Classification, Exemption under GST

Valuation: Deposit vs advances: Issue: Levy of GST on the deposits and advances liable? When amount is collected as deposit, then it is not taxable to GST until time that it is appropriated towards the taxable supply. The agreement should clearly spell out the nature of receipt i.e advance or deposit. The implication under other […...

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Posted Under: Finance |

Which type of business should startups incorporate?

Each unregistered or registered business works below a form and the business is working under what kind of form makes a huge effect on the profits of the business and business as well. Selecting a business form is similar to selecting a car, where various models are available. But you need to pick one which is best for you....

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Posted Under: Finance |

How to Determine Value of Goods or Services for GST purpose

It is necessary to determine the value of goods or services on which GST is levied. There may be charges other than exact value of goods or services, which may be included or excluded in determination of the value of such goods or services for the purpose of GST....

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Posted Under: Finance |

Did You Receive Strike Off Notice For Your Company?

ROC has power to strike off the Company in case he has reason to believe that the Company has not been carrying on any operation for a period of two years and the ROC forms such opinion in case the Company has not filed its financial statements and annual returns....

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Posted Under: Finance |

Beware of Sec 234F: Delay in filing income tax return will be painful now

Delay in filing income tax return is going to be painful now onwards. A new section 234F has been inserted into the income tax act which describes the late fees on account of filing belated returns....

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Posted Under: Finance |

FAQs on Companies (Significant Beneficial Owners) Rules, 2018

What is difference between Beneficial Owner (BO) and Significant Beneficial Owner (SBO)? Beneficial Owner: Every individual, who acting alone or together, or through one or more persons or trust, including a trust and persons resident outside India, holds beneficial interests, in shares of a company or the right to exercise, or the actu...

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Posted Under: Finance |

Taxability of Transfer of Development Rights in Positive List, Negative List & GST ERA

Article covers Taxability of Transfer of Development Rights in Positive List, Negative List and GST ERA - A Comparative Analysis of Indirect Tax Applicability...

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Posted Under: Finance |

Detection of Rs 43 Crores GST fraud in fake invoice case

Howrah CGST Coinniissionerate has unearthed a GST fraud based i.n the Hooghly and Howrah area involving a case of fraudulent issuance of fake GST invoices involving tax evasion of approximately Rs 43 Crores....

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Posted Under: Finance |