1. The tax invoiceis a standard format required under the GST system. Sec 31 of the CGST Act 2017 mandates the issuance of an invoice or a bill of supply for every supply of Goods or Services. 2. Tax Invoice in respect of Goods: Section 31(1) A registered person supplying taxable goods shall issue a tax […]
Learn about the Public Records Act 1993 and RTI, and the potential prosecution for loss or misplacement of government files.
Introduction of Pas-6 in Filing: Mandating the Convesrion of Shares from Physical to Demat As per MCA Circular dated September 10, 2018, MCA amended the Companies (Prospectus and Allotment of Securities) Rules, 2014 by inserting Section 9A: Issue of securities in dematerialised form by unlisted public companies after Rule 9. Applicability: This rule shall be […]
Tariff Notification No. 62/2020-Customs (N.T.) dated 27th July, 2020 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seed, Areca nut, Gold & Silver – reg Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 62/2020-Customs (N.T.) New Delhi, 27th July, 2020 […]
Due to the lack of statutory law and legislative framework governing transfer pricing, the taxability of AMP expenses has become a biggest controversy and dilemma, and it also offers no guidance in situations where an express agreement does not exist.
The Central Government recently issued a notification dated 23rd July 2020 for e-commerce players making online retailers more accountable and their businesses more transparent under the Consumer Protection (E-Commerce) Rules, 2020. In this write-up, we will discuss about the duties of e-commerce entities as per the new e-commerce rules. Applicability: (a) all goods and services […]
This article provides valuable tips and suggestions to assist all the taxpayers in saving their taxes that are to be paid for the financial year 2019-2020. This article is packed with real-life comprehensive illustrations which shall give all the readers thorough insights to lower their tax incidence and will also help them understand the tax provisions & implications in a finer way
Loan to Directors under Companies Act, 2013 1. Section 185(1) Prohibition No company shall give, advance any loan, including any book debts to, or provide any security or give any guarantee in connection with any loan taken by- a. any director of company, or of a company which is its holding Company or any partner […]
MP High Court Grant Bail to Pakistani National who accused of GST evasion of Rs. 225 Crores alongwith furnishing a personal bond in the sum of Rs. 5,00,000/-
The Reserve Bank of India (RBI) has released 21st Issue of the Financial Stability Report (FSR), on 24th July 2020 which reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability, and the resilience of the financial system in the context of contemporaneous issues relating […]
