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Companies (Significant Beneficial Owners) Amendment Rules, 2019 was notified by MCA vide Notification Dated 8th February 2019 which are Subject to Provisions of Section 90 of Companies Act, 2013 and Section 469(1),(2) Companies Act, 2013. Article explains the following- Meaning of Significant Beneficial Owner (SBO) Who will be SBO in various Cases? Duty of the […]
Introduction: Most of the government works contract comes under the slab rate of 12%. But GST rate on Government Sub contract is still widely debated in the Infrastructure sector since the notification governing tax rates is unclear. What GST Law Says? As per Sl no 3, clause (ix) of Notification 11/2017-Central Tax (rate) dt 28.06.2017 […]
The transport sector is one of the most important sectors of our economy where large numbers of industry and people are connected either directly or indirectly. Most of the industries use their services for rendering their supply either in goods or services. Due to the various challenges associated with the sector, the government always allows […]
New System for Annual Return on Foreign Liabilities and Assets Reporting (FLAIR) by Indian Companies Earlier the Foreign Exchange Department of Reserve Bank of India stipulated that all Indian companies which have received FDI and/or made FDI abroad (i.e. overseas investment) in the previous year(s) including the current year, should file the annual return on […]
Are you looking to register your invention as a patent in India and have been searching how to do patent search for it? Then you must stop over here. In this article, we have mentioned all the steps and information you need to know to carry out patent search in India. What is Patent Registration? […]
One of the main causes of litigation against the builders in RERA is the delay in giving possession to the buyers. In that case, the buyers have only one way out i.e. taking appropriate legal recourse against the builder. Now that there is a separate authority for regulation of the Real Estate sector, the buyers […]
General Exemptions & Deductions available for salaried employees for FY 2018-19 i.e. AY 2019-20 includes House Rent Allowance, Interest on Home Loan, Standard Deduction and Chapter VI-A deductions which includes- Section 80C, Section 80CCC – Pension Funds, Section 80CCD – National Pension Scheme (NPS), Section 80CCE, Section 80D – Medical Insurance, Section 80DD – Maintenance […]
Provisions governing Class Action is set out under Section 245 of Companies Act, 2013 which falls under Chapter XVI Prevention of oppression and Mismanagement notified on 01st June, 2016.
It was held that as the Applicant need not take any separate registration in Odisha and can facilitate the transaction through Mumbai Head Office GSTIN, it appears to be correct to mention the GSTIN of Mumbai in the E-Way Bill and Dispatch place as Customs warehouse situated at Paradip, Odisha.
GST Revenue collection for the month of June, 2019 stands at Rs.99,939 crore. Total number of GSTR 3B Returns filed for the month of May up to 30th June, 2019 stands at 74.38 lakh Total gross GST revenue collected in the month of June, 2019 is ₹ 99,939 crore of which CGST is ₹ 18,366 crore, SGST is ₹ […]