"02 November 2018" Archive - Page 3

IBBI part-time member remuneration increased to Rs. 6000 per meeting

Notification No.G.S.R.1083 (02/11/2018)

Ministry Of Corporate Affairs has increased the remuneration of Part time member of Insolvency and Bankruptcy Board of India (IBBI) to Rs. 6000 poer meeting attended from existing Rs. 1000 per attended meeting. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 2nd November, 2018 G.S.R.1083 (E).—In exercise of the powers conferre...

Read More

How to view Submitted Letter of Undertaking (LUT)

Letter of Undertaking is commonly known as LUT is prescribed to be furnished in form GST RFD 11 under rule 96A of CGST Rules, 2017, whereby the exporter declares that he/she would fulfil all the requirements prescribed under GST while exporting without making IGST payment. In this article we have explained how a Exporter can […]...

Read More
Posted Under: Corporate Law |

How to Identify Correct GST Number

We require correct GST number from Vendor while filing GST R1. Many time, due to wrong GST number given by vendor, lot of time is being  spend by professional to rectify  GST number. Hence let’s understand how to identify correct GST number. GSTIN is a Goods and Services Tax Identification Number . After registration under […]...

Read More
Posted Under: Corporate Law |

Preferential Allotment of shares under Companies Act, 2013

Preferential Allotment of Shares As per Companies Act, 2013, a Company can raise funds via right issue, preferential allotment, employee stock option plans and sweat equity shares. However, the best way to raise funds for an unlisted Company is by way of preferential allotment of shares. Section 62 along with Rule 13 of the Companies [&he...

Read More
Posted Under: Corporate Law |

HC order release of goods detained for typographical error in e-way bill

Sabitha Riyaz Vs The Union of India (Kerala High Court)

Sabitha Riyaz Vs  Union of India (Kerala High Court) The petitioner, a trader, transported natural rubber. After generating e-way bill, she sent a consignment to Uttarakhand, with all the relevant records. But it was seized by the State Tax Officer, Uttarakhand, the additional 11th respondent. The ground for detention is that in the e-w...

Read More

Release goods detained on compliance of GST Rules: HC

Berger Paints India Ltd. Vs Assistant State Tax Officer (Kerala High Court)

Berger Paints India Ltd. Vs Assistant State Tax Officer (Kerala High Court) Writ petition is disposed of directing the competent authority to complete the adjudication provided for under Section 129 of the statutes referred to above, within a week from the date of production of a copy of the judgment. It is also directed that […]...

Read More

GST for MSME Sector

Introduction: What is MSME? In accordance with the provision of Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified in two classes...

Read More
Posted Under: Corporate Law |

Seizure of goods merely for partly wrong Truck No. on E-way Bill is harassment of dealer: HC

Rajavat Steels Vs State of U.P. Ashok Kumar, J. (Allahabad High Court)

Surprisingly, neither the mobile squad authority nor the appellate authority appreciated the claim of the petitioner that it is due to mistake or human error the vehicle number (particularly last two digits) are mentioned different which in the instant case are 83 in place of 38. This Court is unhappy with the conduct of the authorities a...

Read More

No action against Amway in absence of specific evidence of profiteering: NAA

Director General Anti-Profiteering Vs M/s Amway India Enterprises Private Limited (National Anti-Profiteering Authority)

Respondent could not establish profiteering for want of cogent and reliable evidence and hence no violation of the provisions of Section 171 of the CGST Act 2017 has been found in this case....

Read More

GST Intitiatives for MSMEs

GST is Goods and Simple Tax. GST is improving ease of doing business and resulting in gains to small and medium businesses. It is a matter of pride and happiness that around 48 lakh new enterprise got registered under GST in one year. Narendra Modi Prime Minister of India The very small businesses have been […]...

Read More
Posted Under: Corporate Law |