MCA mandated the Dematerialization of shares for all Unlisted Public Companies through its notification dated 10th September, 2018, in which Rule 9A of Companies (Prospectus and Allotment of Securities) Rules, 2014 was introduced. Link to notification dated 10th September 2018:- Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018 According to the said rule […]
Companies Act of 2013 defines company to mean a company that is incorporated under The Companies Act 2013 or under any previous company law. Under this, there is a subsection of the company that is called body corporate. Body Corporate includes Private Company, Public Company, One Person Company, Small Company, Limited Liability Partnerships etc.
Background: On the eve of new year, GST Council present a box full of sweets, to business entity in the form of allowing the ITC till March 2019 GSTR 3B, extend the GST Audit to 30.06.2019 etc., beside some of supplies added into list of supplies on which tax to be payable by recipient w.e.f. […]
Every specified company shall file in MSME Form I details of all outstanding dues to Micro or small enterprises: 1. Suppliers existing on the date of notification of this order within thirty days from the date of publication of this notification i.e by 21stFebruary 2019.
Under the GST regime, the GST return is required to be filed by all persons registered under GST. In this article, we will discuss the different types of GST returns and the due dates. Who is required to File Return under GST? All registered persons under the GST irrespective of whether they have done any business […]
Union of India & Ors. Vs Ms. Make My Trip (India) Pvt. Ltd. (Supreme Court) The issue is as to whether the power of arrest under Section 91 of the Finance Act, 1994 can be exercised without following the procedure as set out in Section 73A(3) and (4) of the said Act. The High Court […]
Indians and specifically women of India are very much found of gold jewellery. After the implementation of Goods and Service Tax on 1st July, 2017, the price of gold has seen some fluctuations due to the additional tax burden. Under the earlier tax regime 1% service tax was levied on the gold and 1% VAT […]
37 associations mentioned in the annexed list have opened their bank account(s) as mandated under section 17 of the FCRA, 2010 in PFMS-integrated banks and have complied with the Government directions issued under section 46 of the Act.
Irrespective of the period to which the quarterly return pertains, where the return is filed after 1.6.2015, the AO can levy fee under section 234E of the Act.
The basic reason for the implementation of ‘Goods and Service Tax’ is the removal of the cascading effect i.e. the effect of the tax on tax. Uninterrupted and seamless chain of the input tax credit is the key feature of the Goods and Service Tax. Under the current article we would understand different levies of […]
