The service supplied by the Respondent under the Marketing Services Agreement dated 1 December 2012 constitutes a mixed supply of Services falling under the Heading Research and Development services having SAC 9981, under the Heading Other professional, technical and business services bearing SAC 9983, and under the Heading other miscellaneous services bearing SAC 9997.
Cengres Tiles Ltd. Vs State of Gujarat (Gujarat High Court) The Gujarat High Court has held that only after the notice is served under Section 46 of the CGST Act and the assessment is done by the proper officer under Section 62, can the goods and the bank accounts of the taxable person be attached […]
This Part of PMLA Contains only Introductory portion of the Act, this article contained only 2 Chapters. PMLA, 2002 The Prevention of Money Laundering Act (PMLA), 2002 was enacted in January, 2003. Objective of the Act- The PML Act seeks to combat money laundering in India and has three main objectives: To prevent and control […]
While referring to the discrepancy in the classification of Stone & Marble Handicrafts under CTH 6802 or 6815, it has been concluded that the said items are rightly classifiable under heading 6802 subject to compliance to other conditions given in the explanatory notes to this heading.
INTRODUCTION Before get into the detailed functioning of NAA and how it’s protecting consumer’s interest, first let us understand background of it. In terms of Section 171 of the CGST Act, 2017, the suppliers of goods and services should pass on the benefit of any reduction in the rate of tax or the benefit of […]
Based on my interaction with most of the salaried people, I have gathered an impression that many of the salaried people feel that as the tax has already been deducted by their employer from their salary, they are not required to file any ITR. Likewise most of the retired people, who mainly survive on interest […]
The 31st GST Council meeting had settled on introducing a new GST return filing model on a trial basis. So as to ease the progress to the new GST return filing system, a transition plan has been worked out. Presently, there’s a major trial for the taxpayers having GST registration, and that is to migrate […]
GSTN has released the Prototype of Simplified GST Return Filing System. Highlights of the proposed system are as follows: √ Three Forms: Suppliers making B2B Supplies only: GST RET-1 (Normal) Suppliers making B2C Supplies only: GST RET-2 (Sahaj) Suppliers making B2C & B2B Supplies both: GST RET-3 (Sugam) √ Annexure of supplies (GST ANX-1) and […]
As per Rule 16A(3) of the Companies (Acceptance of deposit) Rules, 2014 ‘every company other than Government company shall file a onetime return of outstanding receipt of money or loan by a company but not considered as deposits, in terms of clause (c) of sub-rule 1 of rule 2 from the 01st April, 2014 to […]
Article explains Registration Of Charge U/S 77, 78, 81 and 85 of Companies Act, 2013, Effect of Non-registration of Charge, Satisfaction Of Charges U/S 82 & 83, Punishment For Contravention U/S 86 and Condonation Of Delay. A. Registration of Charges U/s. 77 & 78: Every person creating charge shall file form CHG-1 within 30 days […]
