"07 December 2018" Archive

HC on Goods detained for not uploading Part-B of E-Way Bill

M/S. Panel Source LLP Vs The Assistant State Tax Officer (Kerala High Court)

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....

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Do’s and Dont’s for ICAI Election candidates

As members are aware, the triennial elections to the twenty fourth Council and twenty third Regional Councils are scheduled to be held on 7th and 8th December, 2018 in cities having more than 2500 voters and on 8th December, 2018 in other cities....

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Impact of GST on Free and Sample Products

In a fast growing, competitive market, one of the most effective ways to gain new customers is to give away free and sample products. Providing free or sample products is a tried and tested marketing method used by various companies in India and in this article, we review the applicability of GST on free and […]...

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Legal Entity Identifier (LEI) – A MANDATE IN THE FUTURE

Legal Entity Identifier (LEI) Introduction 1. A Legal Entity Identifier (or LEI) is a 20-character identifier that identifies distinct legal entities that engage in financial transactions. 2. It is defined by ISO 17442. 3. The LEI is a global standard, designed to be non-proprietary data that is freely accessible to all. As of October 201...

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Connection between GST and TDS   We all are familiar with the concept of TDS in respect to Direct Tax, now with GST in force there is a provision for deduction of tax in Indirect Tax too. Let us know more about the combination of TDS and Indirect Tax (GST). The government has notified 1st of […]...

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GST Annual Return And Audit

ANNUAL RETURN UNDER GST For the annual return Sec 44 (1) of CGST Act 2017 says that Every registered person, other than an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non-resident taxable person, shall furnish an annual return for every financial year electronically [&hellip...

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Transfer of Unpaid / Unclaimed Dividend and Respective Shares to IEPF Authority

Procedure for Transfer of Unpaid / Unclaimed Dividend to IEPF- The company shall inform, at the latest available address, the shareholder concerned regarding transfer of shares three months before the due date of transfer of shares and also simultaneously publish a notice in the leading newspaper in English and regional language having wi...

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Corporate Governance- All you want to know

Article covers Introduction to Corporate Governance, Importance of Corporate Governance, Need of Corporate Governance, Corporate Governance Principles, Benefits of Corporate Governance, Responsibilities Of The Board Of Directors, Five Golden Rules of Corporate Governance, Components Of Corporate Governance, Regulatory Framework In India A...

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GST on E-Commerce Operator in Service Sector

E-commerce simply means buying and selling of goods or services or both by using electronic platform, primarily the internet which is advantageous to organizations, customers and society as a whole. Electronic commerce is defined under clause 44 of section 2 of Central GST Act, 2017 as under: “Electronic commerce means the supply of g...

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