CESTAT Chennai has held that import of second hand machinery cannot be subjected to imposition of anti- dumping duty (ADD) meant for new machinery. It observed that purpose of anti-dumping is served, in case of second-hand machinery, by way of re-appraisement of declared value, and imposition of ADD would be nothing but double jeopardy.
There are various issues with regard to the applicability of Tax Deduction at Source (TDS) on G suite transaction and the same is taken up in the current article.
As the financial year is going to end soon, I would like to talk about one crucial aspect of personal investment keeping in mind the income tax benefits as well as financial goals. You must have heard one saying “Rupee saved is Rupee earned”. I would add “Rupee invested well is Rupee saved well”. The […]
Ministry of Labour and Employment has issued Gazette Notification G.S.R 121 (E) dated 15/02/2019 (Notification attached) notifying Draft Rules proposing to reduce Employee Contribution for ESIC to 1% from 1.75% and Employer Contribution to 4% from 4.75 %. Currently, the employee’s ESI contribution rate is 1.75% of the wages and that of employer’s is 4.75% […]
In a major move taken by the capital market regulator, SEBI, it has given a big relief to the investors at large who are still holding the physical shares of the listed companies but have not converted them into Demat format till date and the last date to convert such shares was 5th December, 2018 […]
With the onset of the IND AS in the Corporate world and the tightening screws of the Ministry of Corporate Affairs, ICAI has come up with a series of Exposure Drafts to revamp the Accounting Standards that were erstwhile issued. This move is to ensure that the older accounting standards are in line with IND […]
Every Company shall on or before the 30th day of June, of every year, file with the Registrar, an annual return in Form DPT-3 which is the return of deposit or particulars of transaction not considered as deposit or both and furnish the information contained therein as on the 31st day of March of that year duly audited by the auditor of the company.
MSME Registration is an optional Registration under the MSMED Act that provides Micro, Small and Medium sized enterprises with a host of benefits and access to subsidies and schemes. Definitions of Micro, Small & Medium Enterprises In accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are […]
Furnishing of information about payment to micro and small enterprise suppliers – Form MSME 1 The Central Government vide the notification number S.O. 5622(E), dated the 2nd November, 2018 has directed that all companies, who get supplies of goods or services from micro and small enterprises and whose payments to micro and small enterprise suppliers […]
This article is prepared considering the changes in ITC eligibility under GST which are effective from 01.02.2019. The changes in credit restrictions is a product of ambiguity and scope of various interpretations of the law. The aim was to bring in clarity, and ensure common man is not burdened with the law. An analysis on […]
