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Archive: 20 September 2020

Posts in 20 September 2020

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

May 15, 2024 7002 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.

Canteen Facility To Employees Under GST

September 20, 2020 76347 Views 7 comments Print

1. The taxability of the ‘Canteen Facility’ to the employees is an area of dispute. It has become more confusing in the light of decisions held by Advance Rulings Authorities. In this article, an attempt has been made to analyze the taxability of canteen facility & ITC availability in a different scenario. 2. Scenario A: […]

Form GST – ITC 01

September 20, 2020 1968 Views 0 comment Print

Form GST – ITC 01 is a declaration form filed on GST portal for claiming the input tax credit by taxpayers newly registered under GST. Filing of this form is mandatory to claim ITC on such stock.

Foreign Contribution (Regulation) Amendment Bill, 2020

September 20, 2020 4173 Views 1 comment Print

The Foreign Contribution (Regulation) Amendment Bill, 2020, inter alia, seeks to provide for— (a) amendment of clause (c) of sub-section (1) of section 3 to include public servant also within its ambit, to provide that no foreign contribution shall be accepted by any public servant;

Limited Liability Partnership (LLP) Closure

September 20, 2020 11457 Views 0 comment Print

So, if they are incorporated, lawfully they are also supposed to be closed, though reason may vary from LLP to LLP. A Limited Liability Partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It therefore can exhibit elements of partnerships and corporations. In an LLP, some or all partners have a form […]

How To Deduct TDS on Salary

September 20, 2020 21120 Views 3 comments Print

Article explains How TDS is deducted on Salary, What is the Rate of TDS, How is TDS deposited to Govt. Account, How to know that TDS has been deducted, When you are required to make Direct Payment of Tax, How salary can be received without deduction of TDS or with Lower TDS, How to deduct […]

Liability to pay taxes under RCM covered under Composition Scheme

September 20, 2020 75435 Views 6 comments Print

A ‘Composition Scheme’ is an alternative method of levying tax designed for small taxpayers. If your business is small, but not quite small enough to be GST-exempt, you may be able to use your company’s aggregate turnover to qualify for the composition levy scheme. A simplified ‘Composition Scheme’ has been provided; vide Section 10 of Central Goods […]

Whether GST on Joint Development Agreement (‘JDA’) is liable or not?

September 20, 2020 4605 Views 0 comment Print

Joint Development Agreements (‘JDA’) are normally entered into either on revenue sharing basis or area sharing basis. In area sharing agreement, Landowners enter into an agreement with the Developer, whereby, the Landowner gives development rights to construct or develop a complex to the developer. In return, developer agrees to assign a portion of the constructed […]

How to seek Extension for AGM for year ended on 31.03.2020

September 20, 2020 12918 Views 0 comment Print

How to seek Extension for AGM (Annual General Meeting) for the year ended on 31.03.2020 after MCA General Circular No. 28/2020 dated 17th August, 2020 The office of Ministry of Corporate Affairs (MCA) has received several representations for providing relaxations in the provisions of Companies Act, 2013 (the Act) or rules made thereunder to allow […]

Management Information System

September 20, 2020 8118 Views 0 comment Print

‘Information by itself is meaningless until it’s interpreted and analyzed to capture insight and harness innovation.’ Management Information System popularly known as MIS is a systematic organization and presentation of information that is generally required by the ‘Decision maker’ of an organization.

National Commission for Indian System of Medicine Act, 2020

September 20, 2020 1830 Views 1 comment Print

National Commission for Indian System of Medicine Act, 2020 is An Act to provide for a medical education system that improves access to quality and affordable medical education, ensures availability of adequate and high quality medical professionals of Indian System of Medicine in all parts of the country

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