In case an exporter of services outsources a portion of the services contract to another person located outside India, what would be the tax treatment of the said portion of the contract at the hands of the exporter? To clarify the issue, Circular No. 78/52/2018-GST; Dated the 31st December, 2018 was issued. Let’s in this […]
Names which. resemble too nearly with name of existing company.- (1) A name applied for shall be deemed to resemble too nearly with. the name of an existing company, if, and only if, after comparing the name applied for with the name of an existing company by disregarding the matters set out in sub-rule (2), the names are same.
Since transaction between assessee and truck owners was a liability which assessee had to pay arising from trade transaction and same could not be added under section 68.
Respondent had issued incorrect invoices while selling the above products to his recipients as he had incorrectly shown the base prices and had also compelled them to pay additional GST on the increased prices through the incorrect tax invoices which would have otherwise resulted in further benefit to the recipients.
A person who is a Director is one or more companies or just holding DINs need to look at the following new compliance which makes a director directly or indirectly responsible for the compliance associated with the director or the company. As a director, one need to meet these in order to avoid fines & […]
REMOVAL OF NAME OF COMPANY – LATEST AMENDMENT – MCA NOTIFICATION DATED 8TH MAY, 2019 Ministry of Corporate Affairs vide notification dated 8th May 2019 has come out with certain major changes under Companies (Removal of Name of Companies from the Register of Companies) Rules, 2019 Here are the amendments- A. The filing fees of […]
Form MSME I is required to be filed pursuant to notification from Ministry of Corporate Affairs dated 22 January, 2019 issued under Section 405 of the Companies Act, 2013. Accordingly, all companies, who get supplies of goods or services from micro and small enterprises and whose payments dues to such micro and small enterprise suppliers […]
No netting of profits and losses of the eligible units was to be done for the purpose of calculating the deduction under section 80-IC and each unit for the said purpose had to be treated separately.
AS 18 defines the disclosure requirements related to related party relationship and transaction between a reporting enterprise and its related parties in the financial statement of that enterprise. The basic assessment during disclosure is centered upon two things viz., who is related party and what amounts to related party transaction. As per AS 18, following is the definition of related party.
Submission of Form for one time option to pay tax on construction of apartments in a project by the promoters at the rate as specified for item (ie) or (it), against serial number 3 in the Table in the rate notification no. 03/2019, as the case may be, by 20th of May, 2019-reg.
