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Archive: 21 April 2020

Posts in 21 April 2020

Goods Transport Agency (GTA) under GST – A Critical Analysis

April 21, 2020 47247 Views 4 comments Print

♦ Goods Transport Agency (GTA) under GST – A Critical Analysis – ‘goods transport agency‘ means any person who provides service in relation to transport of goods by road and issue consignment note, by whatever name called;” – Services by way of transportation of goods (Heading 9965): By Road except the services of: – A […]

Latest Amendments under GST in view of COVID-19 outbreak

April 21, 2020 1944 Views 0 comment Print

GST RELIEF MEASURES PROVIDED BY THE GOVERNMENT IN VIEW OF COVID-19 OUTBREAK- Whether Sufficient relief provided As we know that due to Corona virus outbreak in the whole world, the world economy has been paralysed including India. Hence, to mitigate the losses to the business in our country, our Finance Minister has taken several measures. […]

Aftermath of Covid-19- The Way Ahead

April 21, 2020 1212 Views 0 comment Print

We are all seeing the most catastrophic event affecting the world by way of coronavirus (COVID-19). Nations across the globe have been severely affected in ways which they had least anticipated and were unprepared for. Economies of the nations have been affected, their health care systems have been severely tested and employment opportunities have been […]

Rejection of documents amounts to ‘Prejudicial to Interest of Revenue’ if AO taken one of the possible views

April 21, 2020 1980 Views 0 comment Print

The Dynasty Vs The State of Assam (Gauhati High Court) Conclusion:  Where two views were possible, an interference by an appellate or a revisional court would be unwarranted merely because the other view appeared to be more attractive, thus, no interference was required in the judgment of the Assam Board of Revenue in respect of the […]

Covid-19 Outbreak: Techno, Commercial & Legal View on Indian Businesses

April 21, 2020 969 Views 0 comment Print

Evaluation of Impact on Economy Traders at the receiving end of problems. Companies – Will they perish under the burden of the statutory and regulatory compliance? Will MSMEs sink with the economy? Increase in demand of Life & Health Insurance. Pharma Sector, the need of the hour! Logistics – Is it affecting the supply chain? Impact […]

LOAN TO DIRECTORS | Provisions | Section 185 | Companies Act 2013

April 21, 2020 5661 Views 0 comment Print

Introduction: -Section 185 of CA, 2013 was notified on September 12, 2013 and came into force on the same date replacing the old section 295 of the Companies Act, 1956 which provides for loans to directors. -With the recommendation of the Company Law Committee (CLC) the said section got substituted via Companies (Amendment) Act, 2017 […]

Relief in GST amidst Coronavirus (COVID19) Pandemic

April 21, 2020 1182 Views 0 comment Print

Relief provided by the Government in GST amidst the Coronavirus (COVID19) Pandemic As you all know, the current Coronavirus Pandemic has caused a huge turmoil in the economic sector of the whole world. And amidst this, our Govt. has taken a step of imposing a lockdown in the country. To enable the businesses to cope […]

Right move to protect interest of Indian firms through FDI restrictions

April 21, 2020 1119 Views 0 comment Print

Right move to protect interest of Indian firms and their stakeholders through FDI restrictions by GoI The constantly increasing Covid-19 pandemic has cast a shadow on the Indian and as well as global economy, which was already reeling under pressure by the US-China trade war. This shock comes at a particularly unfortunate time for India, […]

Covid-19 – How are you placed -Assesses Your Business Risk

April 21, 2020 459 Views 0 comment Print

How are you placed?  The pandemic crisis of Covid-19 has brought legal professionals on their toes to assess the risk and guide business houses as to how to be in a damage control mode. The assessment would revolve around pre-Covid-19, during Covid-19 and post Covid-19 stages since, at present, if the implications are not anticipated […]

Board Meeting Through Video Conferencing or Other Audio-Visual Means Under Companies Act 2013

April 21, 2020 9156 Views 0 comment Print

A. Board Meeting Through Video Conferencing or Other Audio-Visual Means Under Companies Act 2013 In terms of Section 173(2) of Companies Act, 2013 read with Rule 3 of the Companies (Meetings of Board and its Powers) Rules, 2014, The participation of directors in a meeting of the Board may be either in person or through […]

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