Composition Scheme is a simple and easy scheme under GST for Small Taxpayers especially beneficial for B2C businesses. This scheme can be opted by any taxpayer whose turnover is less than Rs. 1.5 crore. Special Scheme for Service providers also introduced w.e.f. 1st April’2019 for those having Rs 50 Lakh Turnover. Composition Dealer has to […]
MAIN OBJECTS OF NIDHI COMPANY 1- To carry on the business of all kinds and description as may permitted to be carried as Nidhi companies it terms of the provisions of the Companies Act, 2013 and rules made there under and to encourage, afford all facilities for cultivating thrift, savings or money from its members […]
Article explains Meaning of Search And Inspection Under GST, What is Seizure and Detention, Code of Conduct of Search Operations under GST, Procedure for seizure under GST, Powers of the officer authorized to search under GST, What If Stock is not possible to seize under GST, Seizure of Books and Documents and custody of the […]
Limited Liability Partnership may be wound up in the following ways: 1. Voluntary Winding up 2. Insolvency and Bankruptcy Code (IBC), 2016: Though this code pro- vides steps for restructuring and revival of Corporate Debtor (LLP) yet under certain circumstances NCLT can pass order for liquidation of LLP. Therefore, it is included under the modes […]
The Registrar of Companies may remove the name of a company from the register of companies in terms of section 248(1) of the Act and shall give a notice in writing in Form STK-1 to all the directors of the company at the addresses available on record, by registered post with acknowledgement due or by speed post […]
National Consumer Disputes Redressal Commission (NCDRC) in the case of Amal Ganguli & Anr. v. M/S. Unitech Limited ordered refund to the Home buyers.
Article covers Detailed Checklist and Steps To Determine Applicability of MCA Order on MSME Form-I, Introduction to MSME Form-I, Applicability of MSME Form-I and relevant MCA order, Steps to be followed by the Companies to determine the applicability, Details Required for filing of MSME Form-I, Fee for Filing of MSME Form-I and Penalty for non-compliance. […]
APPLICABILITY OF GST In the present law, GOODS AND SERVICE TAX ACT, 2017, there is no scope for any Profitability unlike in income tax there is benefit for non-profit organisation. In GST whether an organisation makes profit or not is not relevant. REGISTRATION UNDER GST Limit for registration is Rs. 20,00,000 for services. Limit for […]
Notification No. 21/2019-Customs (ADD)- seeks to amend notification No. 23/2013-Customs(ADD), dated 10th October, 2013 to extend the anti-dumping duty on ductile iron pipes originating in, or exported from China PR till 23rd June, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 21/2019-Customs (ADD) New Delhi, the 9th May, 2019 G.S.R. 352(E).- Whereas […]
REQUIREMENT OF VALUATION Where a valuation is required to be made in respect of any property, stocks, shares, debentures, securities or goodwill or any other assets (herein referred to as the assets) or net worth of a company or its liabilities under the following provision of Companies Act, 2013– Section 62- Further issue of share […]
