"06 February 2019" Archive - Page 2

LLP Compliance Calendar

This article covers the Mandatory Compliances to be followed by a LLP under Registrar of Companies, Ministry of Corporate Affairs, mentioned under LLP Act, 2008 and Income Tax Act, 1961 including Tax audit provisions.  Some key points are also given regarding LLP ♦ Definition(s)   Define Limited Liability Partnership (LLP) u/s 2(n) o...

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Posted Under: Corporate Law |

No change in tax rate -No profiteering on supply of ‘Little Star Dhoti 406’

Director General Anti-Profiteering Vs M/s Pulimoottill Silks (National Anti-Profiteering Authority)

Director General Anti-Profiteering Vs M/s Pulimoottill Silks (National Anti-Profiteering Authority) It is clear from the perusal of the facts of the case that there was no reduction in the rate of tax on the Little Star Dhoti 406 (HSN 52081110) w.e.f. 01.07.2017, hence the anti-profiteering provisions contained in Section 171 (1) of the C...

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No reduction in tax rate -Anti-profiteering provisions on supply of Jockey Shorts not attracted

Kerala State Screening Committee on Anti-profiteering Vs M/s Sudarsans (National Anti-Profiteering Authority)

Kerala State Screening Committee on Anti-profiteering Vs M/s Sudarsans (National Anti-Profiteering Authority) There was no reduction in the rate of tax on the (Jockey Shorts US 56 M ASSTD) w.e.f. 01.07.2017, hence the anti-profiteering provisions contained in Section 171 (1) of the CGST Act, 2017 are not attracted. Hence, we do not find a...

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Last Attempt of IIPCC under Old Scheme extended to May 2020

Announcement: Last Attempt of IIPCC under Old Scheme of Education and Training Students of Intermediate (Integrated Professional Competence) Course [IIPCC] may kindly note that as per the decision of the Council, the last examination attempt under Old Scheme of Education and Training has been extended from May 2019 to May 2020. Therefore,...

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Posted Under: Corporate Law |

No reduction in tax rate -Anti-profiteering provisions on supply of Black Pepper not attracted

Kerala State Screening Committee on Anti-profiteering Vs M/s S. .J. Spices Ltd (NAA)

Kerala State Screening Committee on Anti-profiteering Vs M/s. S. J Spices Ltd (NAA) It is clear from the perusal of the facts of the case that there was no reduction in the rate of tax on the Black Pepper”(HSN code 09041140) w.e.f. 01.07.2017 and hence we find that there is no contravention of the anti-profiteering […]...

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If no reduction in tax rate- Anti-profiteering law not attracted on supply of ‘Jockey Shorts’

Kerala State Screening Committee on Anti-profiteering Vs M/s Sudarsans (National Anti-Profiteering Authority)

Kerala State Screening Committee on Anti-profiteering Vs M/s. Sudarsans (National Anti-Profiteering Authority) DGAP has submitted in his report that the rate of tax on the product Brief (Jockey Brief IC125 M Black), remained same in the pre-GST and the post- GST era. Moreover, the pre-GST and post-GST base prices (excluding tax) had rema...

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NCLT bars CA for issuing false Audit certificate relating to financials

Union of India Vs Mr. Mukesh Maneklal Choksi (NCLT)

Union of India Vs Mr. Mukesh Maneklal Choksi (National Company Law Tribunal, Mumbai Bench) Since Respondent No 1, Mr Mukesh Maneklal Choksi, Statutory Auditor , colluded with the Chairman/Director of R-2 company and has given a false Audit certificate relating to the Profit & Loss Account and Balance Sheet of the R-2 company, without ...

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Posted Under: Corporate Law | |

GST Returns- How to check / File, due date, Late Filing Fees

GST RETURNS  Goods and service tax is growing up fast as 1.5 years has already passed since its implementation. Even with the passing time, due to frequent amendments, there are still a lot of questions prevailing in the mind of the taxpayer with regard to the GST returns. Present article contains exhaustive details with regard […...

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HC directs HUL to deposit Rs. 90 cr with Central Consumer Welfare Fund

Hindustan Unilever Limited Vs Union of India & Ors. (Delhi High Court)

Hindustan Unilever Limited Vs Union of India & Ors. (Delhi High Court) The issue pertains to Anti Profiteering order passed against HUL whereunder it was directed to deposit Rs.233 Crores. In the Writ Petition filed against the said order, the Delhi HC passed the following interim orders In view of the submissions and contentions rais...

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Frequently Traded Shares & Calculation of Weighted Average Shares

Definition of Frequently Traded Shares and Calculation of Weighted Average Number of Total Shares As per the Securities And Exchange Board Of India (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011 Frequently Traded Shares means shares of a target company, in which the traded turnover on any stock exchange during the 1...

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Posted Under: Corporate Law |

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