Analysis of recent decision of Supreme Court on Employee Provident Fund Contribution Recent decision of the Supreme Court has tried to settle the long drawn litigation about the allowances which need to be considered for the purpose of contribution under the Employee Provident Fund Scheme. Let us discuss the law and the implications of the […]
New Provision relating to set off of input tax credit (ITC) under GST (is it create blockage of FUND?) The GST Regimes has three tax mechanism. CGST, SGST/UTGST, IGST. Igst is leviable on inter-state supplies. While CGST & SGST/UTGST leviable on intra state supplies. Section 49(5) of CGST Act, prescribes the manner of utilization of […]
In continuation of notification issued by Ministry of Micro, Small and Medium Enterprises dated 2nd November, 2018 for filling of half yearly return by specified companies. MCA notification on date 22nd January 2019 regarding ‘Micro and Small Enterprise Suppliers’ notified as Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019 All companies, who get […]
Goods and Service Tax (GST) after coming into force with effect from 01/07/2017 is still `Work in Progress’ and registered and non-registered persons have to be aware about the progress taking place in GST from time to time. Tax Collected at Source (TCS) under GST is one such area which still remains unclear to a […]
The Annual return under GST (FORM GSTR-9) is active on the GST portal now. Once you login, you will be able to see the annual return below the return dash board icon. You can also see that in Services>Returns>annual return. Then select the Financial year. (Only FY 17-18 is available now). Below are the instructions […]
Principal CIT Vs. NRA Iron & Steel Pvt. Ltd. (Supreme Court) Hon’ble SC held practice of conversion of unaccounted money through the cloak of share capital/premium must be subjected to careful scrutiny. This would be particularly so in the case of private placement of shares, where a higher onus is required to be placed on […]
CBDt has vide Notification No. 13/2019 granted exemption to startup companies from angel tax w.e.f. 19.02.2019 if such companies fulfill the conditions specified in para 4 of the notification number G.S.R. 127(E), dated the 19th February, 2019. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 13/2019 New Delhi, the 5th […]
MSME is the short form for Micro Small Medium Enterprises. It is also called as Small Scale Industry (SSI). It is an Act called as MSMED Act, also Micro, Small and Medium Enterprises Development Act, 2006 for the growth of the small business upto the investment for 10 crores in manufacturing sector and 5 crores in […]
इनकम टैक्स रिटर्न (आईटीआर) फाइल करने में सावधानी जरूरी है. आईटीआर की छोटी सी गलती भी आपके लिए बड़ी परेशानी बन सकती है. इनकम टैक्स रिटर्न (आईटीआर) फाइल करने में सावधानी जरूरी है. आईटीआर की छोटी सी गलती भी आपके लिए बड़ी परेशानी बन सकती है. आप पर इनकम टैक्स विभाग जुर्माना लगा सकता है […]
Joint Development Agreement (JDA) means an agreement or arrangement between the landowner and the developer wherein the land owner contributes the land to the project and the developer undertakes the construction/development of the said land into a developed estate, at mutually agreeable terms and conditions.
