"18 February 2019" Archive

Modi Sarkar’s New Focus: Making Corporate Governance of Global Standard by introduction of Companies (Amendment) Ordinance, 2019

Modi Sarkar’s New Focus: Making the Corporate Governance of Global Standard by introduction of Companies (Amendment) Ordinance, 2019 The attention is invited to the Companies, Directors, principal officers, Company Secretary, Chartered Accountants, Auditors, stakeholders and Shareholders to review the recently promulgated Companies (Ame...

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Posted Under: Company Law |

Mandatory submission of details of amount due to MSME suppliers

Articles explains Mandatory Submission details of all outstanding dues to MSME suppliers by Specified Companies, How can a company determine that the firm to whom payment is due is an MSME or not, Type of entities covered under Micro and Small entities and Purpose of the MSME FORM 1 – Outstanding Due. Mandatory Submission details [&hell...

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Posted Under: Company Law |

10 Reasons For Maintenance of Minutes of The Meetings

Article explains what are the minutes, who need to maintain minutes, Are there any legal provisions which mandates organizations to maintain minutes and what is the Importance of Meeting Minutes. Q.1: What are the minutes? Minutes are the written proceedings of meetings. These are live written records of meeting. They include the list of ...

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Posted Under: Company Law |

Trademarks Registration :- All you should know

Article discusses Trademark, its effect and its types, Types of Trademark:, Validity of a Trademark after registration, Steps for Trademark Registration in India, Status of the Trademark Application, Timeline of the Trademark registration process, Correction to the Trademark Application, Procedure of Renewal of a Trademark and Trademark A...

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Posted Under: Company Law |

GST on merger of proprietorship firm as a going concern with a private limited company

In re M/s B. M. Industries (GST AAR Haryana)

In re M/s B. M. Industries (GST AAR Haryana) The applicant, on merger of his proprietorship firm as a going concern with a private limited company, is not liable to pay tax under CGST/SGST Act on the fixed assets and currents assets including stocks of raw material, semi-finished and finished goods. The input tax credit […]...

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NO GST exemption on Man Power services to Hospital – cum – General Medical College and State Universities

In re M/s Oscar Security & Fire Service (AAR Haryana)

The services provided by the applicant, i.e. Man Power services to Hospital - cum - General Medical College and State University do not qualify for exemption under Sr. No. 66 of notification no. 12/2017-Central Tax (Rate) dated 28.06.2017 and corresponding notification No. 47/ST-2 Dt. 30.06.2017 of the State Tax....

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Input tax credit on hiring of buses / Cars for transportation of employees

In re YKK India Private Limited (GST AAR Haryana)

In re YKK India Private Limited (GST AAR Haryana) 1. The applicant is not eligible to take input tax credit on:- a. GST charged by the Contractor for hiring of buses for transportation of employees. b. GST charged by the Contractor for hiring of cars for transportation of employees? 2. The restriction on ‘Rent a Cab’ [&hellip...

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5% GST payable on right to use minerals given by Govt under RCM

In re M/s United Mining Corporation, Village Mankawas (GST AAR Haryana)

The services for the right to use minerals including its exploration and evaluation, as per Sr. No. 257 of the annexure appended to notification no. 11/2017-CT (Rate), dated 28.06.2017 is included in group 99733 under heading 9973. ...

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Input tax credit on goods available only on receipt of goods

In re M/s Pasco Motor LLP (GST AAR Haryana)

In re M/s Pasco Motor LLP (GST AAR Haryana) In case of invoices being raised by supplier in previous month and goods being received in the succeeding month, input tax credit on goods so received shall be available to the applicant, only when applicant has received the goods. The liability to pay tax shall arise […]...

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GST on Pollution control device for use in waste to energy plants/devices

In re Ms Boldrocchi India Pvt. Ltd. (GST AAR Haryana)

Pollution control device being supplied by the applicant for use in 'waste to energy plants/devices' are classifiable under chapter heading 8421 of the first schedule to the Customs Tariff Act, 1975 and are covered by Sr. No. 234 of schedule I of Notification No.01/2017-Central Tax (Rate) dt.28.06.2017 & Notification No.35/ST-2 dt.30.06.2...

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