In re E-DP Marketing Private Limited (GST AAR Madhya Pradesh) The Applicant shall be liable to pay IGST on ocean freight paid on imported goods under Reverse Charge Mechanism in terms of Notification No.10/2017-IT(R) and Notification No.8/2017-IT(R) irrespective of the ocean freight component having been a part of the CIF value of imported goods. FULL […]
GST should not be collected by builders at higher rate on services relating to the preferential location of the unit and right to use car parking space and common areas and facilities
ITAT held that As there was part non-compliance by assessee with first notice under section 142(1) and complete non-compliance with subsequent notice under section 142(1), the AO was right in framing assessment order under section 144 and in denying allowance of interest and salary paid to partners by taking support of provisions of section 184(5).
GST on real estate has been a contentious issue especially with real estate sector in India facing a challenging time over the last few years. Several representations were made to the Government for further simplification and reduction of rates, especially for residential real estate sector, in the hope that the same would bolster demand for […]
This article dealt with eform DPT – 3 and details to be furnished in this form. Act Reference eForm DPT-3 is required to be filed pursuant to Section 73 read with rule 16 and 16A of the of the Companies (Acceptance of Deposits) Rules, 2014 which are reproduced for your reference. Rule 16: Return of […]
Foreign Direct Investment in Small Scale Industrial Undertakings (SSI) and Micro and Small Enterprises (MSE) In terms of the Schedule 1, an Indian company which is a small scale industrial unit and which is not engaged in any activity or in manufacture of items included in Annex A (List of activities or items for which […]
Ministry of Corporate Affairs (MCA) has introduced Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019 on 22nd January, 2019 which requires all companies, who get supplies of goods or services from micro and small enterprises and whose payments to micro and small enterprise suppliers exceed forty five days from […]
The term Seed Funding has to be one of the most preliminary terms which a founder cannot get out of her mind when starting her dream venture. Seed Capital is very crucial at a startup’s early stage, fueling it to form a great team, getting the minimum viable product ready and satisfying first 100 customers.
Missed the income tax return deadline? Learn how to file a belated return and request condonation of delay from the income tax officer.
