1. Introduction:- As per Finance Act of 2013, TDS is required to be deducted on transfer of Immovable property, wherein the consideration of the property exceeds or is equal to Rs 50 lakhs. TDS is required to be deducted under section 194IA. For all such transactions w.e.f 1st June 2013, tax @ 1% is required […]
The HS Code 63029100 has been made eligible for MEIS for the period 01.04.2015 to 30.09.2015 with the same eligibility conditions, without late cut, as was applicable for HS Code 63029190 (MEIS sl no. 2762 in the Public Notice 02/2015-20 dated 01.04.2015) in the said period.
GST exemption on Toll Charges collected by Ankit Tandon & Tollways as a sub-contractor. Ruling under Notification No. 12/2017-Central Tax(Rate).
To have an updated registry and KYC of all the individuals to whom MCA has allotted Director Identification Number (DIN), MCA has decided to conduct KYC of all those individuals, annually. Central Government vide notification no GSR 615(E) dated 5th July 2018 has amended the Companies (Appointment and Qualification of Directors) Rules, 2014 and inserted […]
Under the Income tax Act, 1961 assessee is required to maintain books of accounts. Assessee can maintain books of accounts under cash basis or mercantile basis of accounting. Assessee should consistently follow the method of accounting. The Central Government had via power given in section 145(2) notified Income Computation and Disclosure Standards.
ICAI Council has decided to assess students after completion of first and second year of practical training with online MCQ based tests. The students completing their 1st/ 2nd year of practical training in a particular quarter of a year would be eligible to register for the said test in the subsequent quarter.
How ease of doing business changed entire formalities and consolidated the process of formation of a company in India. There are a lot of changes, which has been noted post the enactment of the Companies Act, 2013. The Corporate Governance and ease of compliance has been the first priority of the government in all these days. When we analyze the incorporation procedure and formalities, we found it amazing and noticeable change in the sake of ease of e- compliance.
(1) This Act may be called the Requisitioning and Acquisition of Immovable Property (Amendment) Act, 2018. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.
Introduction: Not all persons are eligible to claim refund of unutilised input tax credit. Only those specified in Section 54(3) of the CGST Act, 2017 are eligible to claim refund of balance in Electronic credit ledger. The specified instances being: Zero rated supplies made without payment of tax (i.e. export of goods/services under LUT or […]
Kerala High Court held that the goods seized for want of Part-B of E-Way Bill can be released on furnishing bank guarantee and a simple bond without sureties.
