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Archive: 22 May 2020

Posts in 22 May 2020

All about High Sea Sale and Warehouse Sale under GST

May 22, 2020 12306 Views 1 comment Print

In this article we are going to discuss about the inserted two provision in GST in Schedule III of CGST Act which comprises the negative list under GST ie treated as NON-GST supply. Prior to this, there was very much ambiguity in law in respect of below mentioned transaction that whether it will treated as […]

ICSI Requests amendment in GST law due to COVID 19

May 22, 2020 735 Views 0 comment Print

It is further requested that time of supply of goods or services or both be defined as receipt of money or money equivalent towards supply of goods or services or both and the supplier discharges tax liability on receipt basis proportionate to amount received, inclusive tax. Similarly, a supplier shall avail Input Tax Credit (ITC) proportionate to the payments made within the period of time specified of and reverse credit on non payment of supplies received.

Revised EPF Contribution Rate for May, June and July, 2020

May 22, 2020 25707 Views 2 comments Print

Employee Provident Fund (EPF) refers to the scheme which provides monetary benefits to the salaried class people upon retirement. It is governed by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (EPF & MP Act 1952). The Act extends to the whole of India except the State of Jammu and Kashmir. It is applicable […]

Procedural Road map for Merger under Companies Act, 2013

May 22, 2020 4203 Views 0 comment Print

Article explains Procedural Road map for Merger which includes Steps to be taken for Merger of Companies under Companies Act, 2013 and ROC Forms which are required to be submitted. Article also explain What scheme of Compromise or Arrangement (C&A) shall contain, What Direction of the Tribunal under Section 230(1) read with Rule-5 for convening […]

Everything about SPICe Plus Form

May 22, 2020 6399 Views 0 comment Print

Want to incorporate a new company…?? Here is the solution to your all problems..!! > Section 7 of Companies Act, 2013 deals with the procedure of Incorporating a Company. >  Many amendments have come till now for Incorporation procedure within a short time span. >  Earlier there were forms INC-1, DIR-3, INC-7, DIR-12 & INC-22 […]

11 Key Highlights of RBI Press Conference dt. 22.05.2020; Loan moratorium extended 31 August, 2020

May 22, 2020 8961 Views 0 comment Print

RBI Governor Shaktikanta Das addressed the media at 10 am today post  Finance Minister gave details of the Rs 20 lakh crore economic relief package to help the economy recover from the coronavirus pandemic. Key Highlights: 1. Repo rate reduced by 40 bps to 4% 2. Private consumption impacted most by COVID-19 3. Food inflation […]

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May 2020