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Archive: 24 April 2020

Posts in 24 April 2020

Difference in Companies fresh start scheme, 2020 & LLP settlement scheme, 2020

April 24, 2020 2976 Views 0 comment Print

Article explains Background, Duration, Applicability, Non-Applicability and Manner of Payment under Companies Fresh Start Scheme, 2020 and LLP Settlement Scheme, 2020. It further explains about Immunity from Prosecution and Application for Issuance of Immunity Certificate under Companies Fresh Start Scheme, 2020 and LLP Settlement Scheme, 2020. S.NO. PARTICULARS COMPANIES FRESH START SCHEME, 2020 LLP SETTLEMENT […]

LED stem classifiable under CTH 94054090; 12% GST Payable

April 24, 2020 23226 Views 0 comment Print

In re INVENTAA LED Lights Private Limited (GST AAR Tamilnadu) What is the applicable GST Tariff code and GST rate for the supply of patent-applied LED stem (long bulb) with fittings when both are manufactured in the applicant’s factory and supplied as a single unit? Supply of ‘LED stem (long bulb) i:e. outdoor lighting fixtures […]

GST on IT software related consulting services in Oracle ERP

April 24, 2020 2847 Views 0 comment Print

In re Rajesh Rama Varma (GST AAR Tamilnadu) In the instant case, the applicant provides IT software related consulting services in the area of Oracle ERP w.r.t Oracle Financials to Doyen for a consultancy fee laid down in the consultancy agreement. Therefore, the said activity satisfies the conditions of Section 7(1)(a) and is a supply […]

SEBI clarifies on Online / Video/ App Based KYC Process

April 24, 2020 5979 Views 0 comment Print

In order to enable the Online KYC process for establishing account based relationship with the RI, Investor’s KYC can be completed through online / App based KYC, in-person verification through video, online submission of Officially Valid Document (OVD) / other documents under eSign, in the following manner:

No dividend pay-outs from profits of FY 2019-20: IRDAI instructs Insurers

April 24, 2020 723 Views 0 comment Print

Insurers are urged to take a conscious call to refrain from dividend pay-outs from profits pertaining to the financial year ending 31st March 2020, till further instructions.

Local shops allowed to open with 50% employees: Mall to remain close

April 24, 2020 4281 Views 0 comment Print

MHA orders to exempt all shops under Shops & Establishment Act of States/UTs, including shops in residential complexes and market complexes, except shops in multi-brand & single-brand malls, outside limits of Municipal Corporations from revised consolidated lockdown restrictions  with 50% strength of workers with wearing of masks and social distancing being mandatory. No. 40-3/2020-DM-I(A) Government […]

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