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Archive: August, 2018

Posts in August, 2018

18% GST on Polished limestone slabs classifiable as other calcareous stone

August 7, 2018 8958 Views 0 comment Print

In re Maheshwari Stone Supplying Co. (GST AAAR Telangana) Issue- Polished / Processed limestone slabs are correctly classifiable under heading 6802 of the GST Tariff? appellant has not made out a case against the decision in impugned Advance Ruling in so far as it has been ruled that ‘Polished / Processed Limestone slabs are. correctly […]

GST on Loan Interest payment by Indian Subsidiary to Foreign Holding Company

August 7, 2018 17979 Views 0 comment Print

The Article analyses the applicability of GST on payment on interest for loans provided to the subsidiary company which is based in India by the holding company incorporated outside India. Whether such services is liable to be exempted from GST? The question has been dealt in a detailed manner in the article.

Procedure for Striking off a Company under Companies Act 2013

August 7, 2018 164607 Views 5 comments Print

Article explains Procedure for Striking off a Company under Companies Act 2013. Striking off of the Company is an alternative to winding up of a Company subject to statutory criterion specified under section 248 of Companies Act, 2013. In this Article we will discuss procedure for Striking off a company under Section 248(2) of the […]

Green Shoe Option : A Protective Tool For Companies coming up with an IPO

August 7, 2018 5643 Views 0 comment Print

1. The Green Shoe Option (GSO), also known as Over Allotment option allows companies to intervene in the market to stabilise share prices during the 30-day stabilization period immediately after listing. This involves purchase of equity shares from the market by the company-appointed agent in case the shares fall below issue price. 2. The GSO […]

Process of Condonation of Delay in Creation/Modification/Satisfaction of Charge

August 7, 2018 100287 Views 5 comments Print

1. Time Period For Creation/Modification Of Charge: For Creation / Satisfaction of Charge Form CHG-1/ CHG-4 will be within 30 days of Creation/ Satisfaction of Charge. If the company fails to file within 30 days? Companies may allow such registration to be made within a period of 300 days of such creation If the Company […]

Challenges associated with simplified GST return filing process

August 7, 2018 1854 Views 0 comment Print

In this article we will concise our discussion only too few key Changes/Challenges, on priority basis, pertaining to draft simplified return formats, by GST Council, placed on public forum for feedback and suggestion from various group of stakeholders.

How 29th GST council meeting reduced tax burden on MSMEs?

August 7, 2018 2676 Views 0 comment Print

The 29th GST council meeting was led by the Union Minister of Finance, Railways and Coal Sh. Piyush Goyal is probably going to achieve noteworthy measures to mitigate the tax burden from the MSMEs whose turnover falls beneath ₹ 1.5 crores.

Limited Liability Partnership

August 7, 2018 55269 Views 2 comments Print

Article explains provisions related to Limited Liability Partnership (LLP) under Limited Liability Partnership Act, 2008 Along With Rules Thereof.

Input Tax Credit under GST: Onerous Condition To Fulfill

August 7, 2018 4344 Views 0 comment Print

An analysis of Section 16 of Central Goods and Services Tax Act, 2017 related to Eligibility and conditions for taking input tax credit.

Insolvency Case Study – Anrak Aluminum Ltd.

August 7, 2018 5919 Views 3 comments Print

On 31st August 2017, the NCLT Hyderabad bench gave a landmark judgment in the CIRP application (#127/10/HDB/2017) filed u/s 10 of the Code, by #Anrak Aluminum Ltd, when it rejected the application on the grounds of;

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