"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....

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Memorandum of Association under Companies Act, 2013

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....

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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...

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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...

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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...

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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 ...

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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 ...

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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...

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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 […]...

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List of Important E-Forms In relation to Incorporation of Companies

List of Important E-Forms In relation to Incorporation of Companies Under Companies Act, 2013 INC-3 : Form for consent of Nominee Of OPC. INC-4 : Intimation to ROC Regarding Change in Member/Nominee Of OPC. INC-5 : Intimation by OPC to ROC Of Exceeding Threshold in terms of Paid Up Share Capital : RS 50 Lakhs […]...

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January 2022