In re Bengal Rowing Club (GST AAAR West Bangal) AAAR ruling on Rate of GST on Supply of food from restaurant, Other services provided in restaurant like booking of personal dining area, Supply of food at events organised in the club premises like get-togethers and parties hosted by members of the Club,Supply of other services […]
E-form INC-20A (Declaration For Commencement Of Business) Is Required To Be Filed Pursuant To Pursuant To Section 10a(1)(A) Of The Companies Act, 2013 And Rule 23A Of The Companies (Incorporation) Rules, 2014. According To Section 10A Company Incorporated On Or After 02/11/2018, Shall Not Commence Its Business Or Exercise Any Borrowing Powers Unless A Declaration Is Filed By The Directors […]
Treatment of secondary or post-sales discounts under GST vide Circular No. 105/24/2019-GST dated 28-06-2019 > CBIC has clarified the treatment of post sales discount citing three situations based on -the nature of the discounts. The situations has been cited here-in-below: Situation – 1 Additional discount is offered in lieu of additional activity/ promotional campaign by […]
The budget 2019 was announced on 5th July 2019 and finally the wait was over for various tax payers who had lot of expectations to get some tax relief after Modi 2.0 came into action. Where this budget proved to be favorable for corporates and start-ups while in other hand it hit the upper rich […]
IF YOU ARE REAL ESTAE AGENT IN UTTAR PREDESH THEN YOU NEED TO KNOW ABOUT REGISTRATION UNDER UP RERA AUTHORITY APPLICATION TO AUTHORITY AND DOCUMENT REQUIREMENT Every real estate agent required to register as per sub-section (2) of section 9 of the UTTAR PRADESH REAL ESTATE (R & D) Rules, 2016 (the “Act1”) shall make […]
As per the Guidelines issued by the RBI, Banks may pay a reasonable commission/Fees to the Business correspondent( BC) or Business Facilitator (BF) the rate and the quantum of the same shall be periodically reviewed.The agreement of the banks with BC/BF prohibits them specifically from charging anything from the customer. However the bank may collect […]
Filing of One time Form NFRA-1: Every Company or Body Corporate falling under the applicability rules shall file e-Form NFRA-1 concerning the particulars of the auditor within 30 days of deployment of Form NFRA-1 i.e. by 31st July, 2019.
Employees’ contribution to EPF and ESIC deposited beyond the due date prescribed under section 36(1)(va) would not be eligible for deduction even if deposited before the due date of filing the return of income tax under section 139(1).
UNION BUDGET 2019-2020- HIGHLIGHTS OF THE FINANCE (NO. 2) BILL, 2019 The Union Budget presented, in the Second Innings of Government led by the Prime Minister Shri Narendra Modi, by the Finance Minister Smt. Nirmala Sitharaman on the 5th July 2019; took most by surprise when they did not find the radical financial and fiscal […]
In this write-up, I am trying to decode these lesser talked about ‘Nuances and Deeper Implications’ of the proposed amendments in Finance (No. 2) Bill, 2019, in continuation to my earlier write-up titled ‘Decoding Union Budget 2019-20’, published on 6.7.2019, as under:
