The representations from stakeholders have been received in this Department for inclusion of Management and Business Consultant Services in the list of default authorized services. The matter was deliberated upon by the Board of Approval in its 85th meeting held and it was decided that Management and Business Consultant Services may be included in the list of default authorized services.
Central Tax Notifications: Notification No. 21/2019-CT dt. 23-04-2019 Notify procedure for quarterly tax payment and annual filing of return for taxpayers availing the benefit of Notification No. 02/2019–Central Tax (Rate), dated the 7th March, 2019. Notification No. 15/2019-CT dt. 28-03-2019 To extend the due date for furnishing of FORM GST ITC-04 for the period July 2017 […]
> Businesses with an annual turnover of over ₹ 2 crore can now start filing GST audit reports for fiscal 2017-18 as GST Network (GSTN) has made its format available on its portal. > The audit report for 2017-18, the first year of the Goods and Services Tax (GST) implementation, is to be filed by June 30. […]
Consequent upon recommendations by GST Council in the 34th Meeting held on 19th March, 2019, a new composition tax scheme for Real Estate Sector has been brought in with effect from 1st April, 2019: 1. Real Estate will be taxed at 5% without input tax credit and 1% for affordable housing without input tax credit. […]
a. Higher exemption threshold limit for registration for exclusively supply of goods increased to ₹.40 lakh from ₹.20 lakh, except persons engaged in making intra-State supplies in the States of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Puducherry, Sikkim, Telangana, Tripura, Uttarakhand; and subject to the conditions of the notification (Notification No. 10/2019–CT dt. 07.03 2019) […]
GST Council: The GST Council was constituted on 15th September 2016 under Article 279A of the Constitution. It consists of the Union Finance Minister (Chairperson), Union Minister of the State in charge of Revenue of Finance and the Minister in charge of Finance or Taxation or may other Minister nominated by each State Government. Union […]
2. It is decided that in accordance with the provisions of Regulation 21(1)(p) of SEBI (Foreign Portfolio Investors) Regulations, 2014, FPIs are, henceforth, permitted to invest in municipal bonds.3. This circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992.
1. Check the Articles of Association for Authority: Check the Articles for authorisation for issue of shares through right issue. If not, please alter the Articles of Association accordingly. 2. Valuation of Shares by Chartered Accountants: The Company shall obtain a valuation certificate from the chartered accountant to determine the offer price. This is a […]
Under the new law, in relation to every RPT, directors have to necessarily check, most importantly, the following two criteria: – Whether the contracts or arrangements is in the ‘ordinary course of the business’ of the company – Whether the terms and conditions of such contracts or arrangements are on ‘arms length basis’? (i) The […]
New Forms Charge Creation / Modification / Satisfaction Companies Act, 2013 And Companies (Amendment) Ordinance, 2018 Introduction: At the time of introducing Companies Act, 2013; Charge Satisfaction form required to be submitted with ROC within 30 days of Satisfaction. If not, then Company have to file application of compounding with Regional Director. The said limit […]
