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Archive: 09 August 2020

Posts in 09 August 2020

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6477 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

A Proposed face-lift of Enforcement under Insider Trading

August 9, 2020 1338 Views 1 comment Print

The SEBI in order to revamp the enforcement proceedings under securities law formulated a High-Level Committee under chairmanship of Justice (Retd.) Anil R. Dave. The Committee has proposed legislative measures to introduce, revamp or fill the gaps in current enforcement regime. The Report by the Committee[1] draws majorly from current prevalent practices in USA and […]

Blocked ITC under GST – Section 17(5)

August 9, 2020 219537 Views 23 comments Print

A brief list where input tax credit under GST is not available (Section 17(5)) There are some cases where there is no input available under GST to the applicant and there are some exceptions to this, hence to know more about this please read carefully the whole article. 1. Motor Vehicle and other conveyance / […]

4 Things to Check Alongside Claim Settlement Ratio of an Insurer

August 9, 2020 1053 Views 0 comment Print

Life insurance is indeed a matter of life and death. As an investor, you must place your trust in the hands of an insurance company to take care of your loved ones when you are gone. The insurer you choose should be reliable and stable enough that you can commit to them for a long-term […]

Food Safety and Standards (Food Products Standards and Food Additives) Third Amendment Regulations,2020

August 9, 2020 5472 Views 0 comment Print

These regulations may be called the Food Safety and Standards (Food Products Standards and Food Additives) Third Amendment Regulations,2020. They shall come into force on the date of their publication in the Official Gazette and Food Business Operator shall comply with all the provisions of these regulations by 1st July, 2021.

Functionality to File Revocation Application- Cancelled GST Registration

August 9, 2020 6954 Views 2 comments Print

1. Statutory Provision:-As per sec 30 of CGST Acts 2017, a registered person, whose registration is cancelled by the proper officer on his own motion,may apply to such officer for revocation of cancellation of the registration within thirty days from the date of service of the cancellation order. The detailed provisions have been brought out […]

How to Compute 5% Cash Limit of Receipts & Payments for Section 44AB?

August 9, 2020 194133 Views 12 comments Print

How to Compute 5% Cash Limit of Receipts & Payments for Section 44AB? This article explains how to compute the Cash limit of 5% of the aggregate of all the amounts received as well as payments during the year, for the purpose of checking the applicability of Section 44AB (clause a), as amended by Finance […]

Valuation under GST Regime | Section 15 | CGST Act 2017

August 9, 2020 108642 Views 2 comments Print

Section 15 of the CGST Act provides common provisions for determining the value of goods and services. It provides the mechanism for determining the value of a supply which is made between unrelated persons and when price and only the price is the sole consideration of the supply. When value cannot be determined under section 15, the same is determined using Chapter IV: Determination of Value of Supply of CGST Rules.

Appointment & Resignation of Auditor -Companies Act 2013

August 9, 2020 26967 Views 1 comment Print

Appointment and Resignation of Auditor An Auditor is an independent professional person who is qualified to perform an audit; An Auditor is responsible for evaluating the validity and reliability of company’s financial statements. Section 138 to 148 of the Companies Act deal with accounts, audit and auditors, as companies are required to file financial reports […]

Certificate of Commencement of Business- Companies Act 2013

August 9, 2020 36081 Views 0 comment Print

Certificate of Commencement of Business Prior to Companies Act, 2013, a private company or public company not having share capital was not required to obtain the certificate of commencement of business, only a public limited company having share capital was required to obtain the certificate of commencement of business. In 2013, MCA came up with […]

Taxation Must-Knows If Selling House

August 9, 2020 5808 Views 4 comments Print

Buying a house is a dream for each one of us. There are various tax incentives offered by government towards stimulating individuals to buy house property under ‘Housing for All’ Mission. However it is of vital importance to keep an eye on calendar to time it well when we want to sell house property since […]

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