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Archive: 06 May 2019

Posts in 06 May 2019

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6468 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

All about Amendments to Maharashtra Value Added Tax Act, 2002

May 6, 2019 27183 Views 0 comment Print

A dealer can also apply to the assessing officer in case claims against declarations or certificates were disallowed in the assessment order due to non-production of such declarations or certificates and if such declarations or certificates have now been received. [sec. 24(2)] Rectification application can be filed only if appeal is not filed.

Recording of reasons to believe & not reasons to suspect is pre-condition of section 147

May 6, 2019 1143 Views 0 comment Print

Purnima Komalkant Sharma Vs DCIT (Gujarat High Court) In the given case, the petitioner is an individual and engaged in the business of real estate and transportation and ship breaking. The return of income was accepted without any scrutiny. Thereafter, a search action took place at the premises of the petitioner. Upon conclusion of such proceedings, […]

Section 11 exemption cannot be denied for non-filing of audit report with return

May 6, 2019 4626 Views 0 comment Print

The claim of exemption under section 11 could not be denied to assessee society on the ground that the audit report was not filed online along with the return as the requirement of law that the assessee shall have its account audited, had been complied with within the time prescribed by the statute.

Key Highlights of the India-Hong Kong DTAA

May 6, 2019 7461 Views 0 comment Print

The India-Hong Kong DTAA enters into force from 30th November, 2018. The same would be effectively applicable from 01st April, 2019.  Accordingly, the benefit of the provisions of the DTAA can be claimed in respect of the income derived in any year starting from April 1, 2019. The companies engaged into cross-border transactions with Hong […]

Brief comparison Right issue, Private placement & Preferential Allotment

May 6, 2019 39486 Views 8 comments Print

Article compares Right issue, Private placement and Preferential Allotment on following points- Applicable provisions under Companies Act, 2013, Meaning & Coverage, Definition of Security, If any, Approval Required, Offer period, Mode of Dispatch of offer letter, Format of offer Letter, Forms to be filled, Time period for allotment of securities ,  Allotment Mode (Whether Cash/Banking […]

Registration of Taxpayers in GST

May 6, 2019 5148 Views 6 comments Print

SECTION RANGE: 22 to 30 As per Section 22 of the CGST/SGST Act 2017, every supplier who makes a taxable supply with all India Aggregate Turnover exceeding Rs 20 lakh will have to register in every state in which he conducts business. This threshold will be 10 lakh if business is in Assam, Arunachal Pradesh, J&K, Himachal Pradesh, Uttarakhand, Manipur, Mizoram, […]

Labour Audit Documents

May 6, 2019 8712 Views 4 comments Print

BRIEF LIST OF DOCUMENTS under Shop and Establishment Act, The Contract Labour (Regulation And Abolition) Act 1970 – Central Act, The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 – Central Act, The Equal Remuneration Act, 1976, The Maternity Benefit Act 1961 – Central Act, The Minimum Wages Act 1948 – Central Act, The Payment […]

Changes in Direct, Indirect & International taxation W.E.F. 01st April, 2019

May 6, 2019 3366 Views 0 comment Print

With the start of the new financial year 2019-20, following are some of the changes that can affect your financial planning as a few changes related to income tax, GST and international taxation came into effect from 01st April, 2019: A) Income Tax  Following are the changes under Income-tax law applicable from April 1, 2019: 1. […]

FORM MSME-1 Furnishing return with ROC

May 6, 2019 243207 Views 42 comments Print

FORM MSME-1 Furnishing return with ROC in respect of outstanding payments to Micro or Small Enterprises As you are aware that the MCA wide order dated 22nd January, 2019 directed 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 […]

Full Fledged Money Changers /Authorised Money Changers

May 6, 2019 11814 Views 0 comment Print

Full Fledged Money Changers (FFMCs)/Authorised Money Chnagers (AMCs) Authorised Money Changers (AMCs) are entities, authorised by the Reserve Bank under Section 10 of the Foreign Exchange Management Act, 1999. An AMC is a Full Fledged Money Changer (FFMC). In addition to Authorised Dealer Category -I Banks (AD Category–I Banks) and Authorised Dealers Category – II […]

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