"17 November 2018" Archive - Page 2

No more Laxity in reporting of Charges- Recent Amendments

Probable effects of the Companies (Amendment) Ordinance, 2018 related to Register of Charges, Registration of Charges Creation, Modification etc....

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Posted Under: Company Law |

Key Amendments under SEZ (Amendment) Rules, 2018

Article discusses amendment in Special Economic Zones Rules, 2006 vide Special Economic Zones (Amendment) Rules, 2018 which were notified vide notification No. G.S.R. 909(E). dated 19th September, 2018....

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Posted Under: Company Law |

Summary of Provisions of Companies (Amendment) Ordinance 2018

Chapter and Section wise Summary of amendment in Provisions of The Companies Act 2013 vide The Companies (Amendment) Ordinance 2018 with Remarks.Article discusses in detail all 31 Amendments carried out in Companies Act 2013 vide Companies (Amendment) Ordinance 2018- S. No Chapter / Section number / Sub- section (s) in the Companies Act, ...

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Posted Under: Company Law |

Information of unauthorized construction cannot be denied under RTI

Public information officer Vs V. Chaudhary (Delhi High Court)

Public information officer Vs V. Chaudhary (Delhi High Court) In terms of the RTI Act, all information as available with the public authority is required to be provided to the citizen unless it is exempt from disclosure under Section 8 of the RTI Act or otherwise pertains to the organizations that are excluded from the […]...

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Delay in-filing of TDS Returns due to Initial Glitches in Online Portal: ITAT deletes Penalty

BCCI Vs. ACIT (ITAT Mumbai)

At the same time, we cannot also ignore the fact that it was for the Revenue to have allowed smooth switchover from manual to e-filing system of filing TDS returns. The onus and burden was on revenue to provide necessary infrastructure so that tax-payer did not face any inconvenience in filing e-TDS returns....

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VAT Impact on Education Sectors in Bahrain VAT

Finally, Decree-48 of Bahrain VAT Law has been approved by Bahrain parliament.  And now industrial, businesses & professional are waiting for Executive Regulation very patiently. After released  VAT Decree Law, now businesses needs to understand their VAT impact on their business.  They need to analyses & understand the VAT req...

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Posted Under: Company Law |

GST Rate on turbine generator set for use in waste-to-energy project

In re Triveni Turbines Limited (GST AAR Karnataka)

In re Triveni Turbines Limited (GST AAR Karnataka) Whether the turbine generator set to be supplied by the applicant to the buyer for use in waste-to-energy project is covered under Sl.No.234 of Schedule I of Notification 1/2017 – IGST (Rate) dated 28.06.2017 as ‘Renewable energy devices and parts for the manufacture of waste to e...

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Tutti-fruity being product of papaya comes under HSN 20060000

In re Wonderfrutz Products LLP (GST AAR Karnataka)

In re Wonderfrutz Products LLP (GST AAR Karnataka) Whether Tutti-fruity be classified under HSN 08111010 or 20060000? Tutti-fruity is a colourful confectionery containing various chopped and usually candied fruits, or an artificially created flavouring simulating the combined flavour of many different fruits. It is often used in making tu...

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Companies to submit half yearly returns for dues to MSMEs

Further to the notification issued by the Ministry of Micro, Small and Medium Enterprises, dated 02nd November, 2018, please note the below- 1. All the Companies who get supplies of goods or services from MSMEs AND whose payments to the suppliers exceed 45 days from the date of acceptance or date of deemed acceptance. {Date of […]...

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Posted Under: Company Law |

Secondary Adjustment – Section 92CE & Rule 10CB

Transfer pricing provisions seek to ensure that there is fair and equitable allocation of taxable profits amongst the tax jurisdictions. In cases where the underlying transaction is held not to be at arm’s length, a primary adjustment is made to align the transfer price with the arm’s length price (ALP) which is known as primary [&hel...

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Posted Under: Company Law |