"23 October 2019" Archive

Advantages of GST Grievance Redressal Portal & Steps to lodge a complaint

Please follow the following steps to find a resolution or  lodge a complaint related to GST portal related issues: Please enter the keyword related to issue / complain being faced by you in the Type of Issue/Concern box under REPORT ISSUE/ COMPLAINT tab, after clicking the link as provide above....

Read More

Usage of ‘MOA’ for Stakeholders- A Practical Guide

MOA –MOA in legal terminology means memorandum of association of a Company as originally framed or as altered from time to time in pursuance of Companies Act, 2013 or any former Company laws....

Read More

Role of CIBIL Score in Finance

CIBIL stands for Credit Information Bureau (India) Limited which is a part of “transunion” an american multinational group.  It maintains credit files of around 600 million individuals and 32 million businesses. TransUnion is one of four credit bureaus operating in India and is majorly trusted by banks and Financial institutions due...

Read More

Compliances for Independent Directors as Per MCA Notifications Dated 22/10/2019

Ministry of Corporate Affairs (MCA) vide its Notifications dated 22/10/2019 has introduced – – Companies (Appointment and Qualification of Director) Fifth Amendment Rules, 2019, – Companies (Creation and Maintenance of databank of Independent Directors) Rules, 2019 and – Companies (Accounts) Amendment Rules, 2019. whic...

Read More

Tax Planning Tips For Private/Public Limited Companies

Organising your business in the form of Private Limited Company has got its own advantages such as Limited Liability of the owners, Perpetual existence, Better Image and credibility among stakeholders, separate legal entity and improved Borrowing Capacity and so on. A company enjoys better avenues for borrowing of funds. It can issue debe...

Read More

Corporate Social Responsibility-Treatment of Unspent Amount

Every company having net worth of rupees five hundred crore or more, or turnover of rupees one thousand crore or more or a net profit of rupees five crore or more during the immediately preceding financial year] shall constitute a Corporate Social Responsibility Committee of the Board consisting of three or more directors, out of which ...

Read More

HC passes Strictures against CGST Authority for gross abuse of power

Prakashsinh Hathisinh Udavat Vs State of Gujarat (Gujarat High Court)

Prakashsinh Hathisinh Udavat Vs State of Gujarat (Gujarat High Court) It is the case of the petitioner that the aforesaid seizure of his car and mobile phones was made without following the provisions of section 67 of the GGST Act and rule 139 of the Central Goods and Service Tax Rules, 2017 (hereinafter referred to […]...

Read More

CAs cannot list with Application based service provider Aggregators: ICAI

It has been noted that the Application based service provider Aggregators are having features which are not covered exclusively in any one of the above Guidelines. Further, these Application based service provider Aggregators are also having certain features which are not covered in both of the abovementioned Guidelines. Therefore, it is ...

Read More

Post Sales Discount Under GST

In June, the Central Board of Indirect Taxes and Customs (CBIC) had issued a circular which said that dealers will have to pay 18 per cent GST on the post-sale discount that they get from the suppliers of goods, if the supplier asks them to pass on the concessions to the end consumer. The circular came out with different situations wher...

Read More

Updation In Pan Card Is A Must

The article attempts to revisit the SC latest verdict on address updation in PAN Card which is must without which the assessee cannot claim that he was not served with notice issued to him under the Income Tax Act. In PCIT Vs IVen Interactive Limited, the Supreme Court’s judgement dt. 18.10.2019 says that mere mentioning […]...

Read More