Article discusses Taxability under GST on various promotional instruments like gift vouchers, coupons, cards etc. as to what are the nature of the same and what will be the tax implications on the same.
RAJASTHAN AAR RULING IN THE MATTER OF CLAY CRAFT INDIA PVT LIMITED – REGARDING TAXABILITY OF REMUNERATION PAID TO DIRECTORS UNDER REVERSE CHARGE MECHANISM – REF NO. RAJ/AAR/2019-20/33 dated 20.2.2020 Till now the interpretation done by all was that if the Director is an employee of the Company and being paid remuneration, then the services […]
GST Provisions for Tax Collected at Source ( TCS ) have become applicable since 01-10-2018. Related section, rule, notifications and circulars are as under : > Section 52 of the CGST Act, 2017 > Rule 85 of the CGST Rules, 2017 > Notification 51/2018-Central Tax– Notified date as 01-10-2018 for implementation of TCS provisions > Notification […]
Coronavirus outbreak, a tragedy that affected thousands of lives and took the global economy to its worst position. We can’t ignore the fact that the outbreak of COVID-19 has significantly impacted the economy globally including economic slowdown of trade, supply chain disruption etc. Everyone is locked inside their houses and worried about the future impact […]
The introduction of MSME-1 is another initiative by the present government to strengthen the micro and small enterprises by prescribing a mandatory filing regime twice a year by their large customers.
Most of countries are making responsible to China for Covid -19 outbreak in entire world. US Precedent Donald trump already told Covid 19 is Chinese virus. There are many things which suspect China that China hides much crucial information related to covid 19. A country which was perceived as an economic super power in the […]
Here We Mention the following Due dates, Interest Clause, Penalty Clause and other useful Notifications (Covered Notification No. 30/2020 to Notification No. 36/2020) which are very useful for the purpose of GST Return Filling and other GST Compliances. A. New Dates for Filling of GSTR-3B T/o in last FY Interest Charged February 20 March 20 […]
Recently the decision of the Advance Rulings Authority of Rajasthan gave its decision in the case of Clay Craft India Pvt. Ltd. – Advance Ruling No. RAJ/AAR/2019-20/33 which has created a ripple in the hitherto sound understanding and for that matter taking for granted that Directors Remuneration is Equivalent to Salary paid to an Employee […]
Force Majeure Evaluation Is your business immune to covid-19 risk implications? Have you rightly invoked the force majeure? Have you correctly identified the events of the force majeure? The background for this evaluation can be understood with the aid of legislation, precedents, recent developments, contract, etc. What’s Force Majeure in Indian law? Force majeure means […]
Preferential Issue of Equity Shares And Convertible Securities Under Companies Act 2013 And SEBI (Issue of Capital Disclosure Requirements), Regulations 2018 {SEBI(ICDR)} Preferential issue means an issue of specified securities by a listed issuer to any select person or group of persons on a private placement basis and does not include an offer of specified […]
