The complexities of UAE VAT regime and the Federal Tax Authority or FTA’s current targeting for tax evasion and avoidance means tax disputes are increasingly arising. There will be instances wherein you disagree with an assessment or decision that is made by the local tax authority. If you are in complete disagreement with a certain […]
CMA Institute is in the process of initiating formation of Multi-disciplinary Partnership Firms for practicing members of the Institute with members of other professional bodies as per the CWA Act and Regulations.
GST Charcha on Union Budget 2021: GST leviable on services provided by Club or Association to its members? The Hon’ble Finance Minister, in Budget 2021-22, hailed as a ‘development-oriented’ and ‘visionary’ budget amid the pandemic-induced disruptions, inter alia, announced multiple changes to the Goods and Services Tax (GST) framework. The changes have been proposed vide […]
Name Application for a Company could be made through SPICe+ Part A under New Application. From 23rd February, 2020 filing of WEB Based Form RUN for Name Application has been discontinued for Name Application. Now, Form RUN WEB Based is used only for Change of Name of an existing Company. 1. DETAILED PROCEDURE FOR NAME […]
Which option to choose between QRMP scheme v/s. Monthly GSTR 3B system? This article explains various aspects of comparison of newly introduced QRMPs scheme versus Monthly GSTR 3B system (QRMP v/s. Monthly 3B) To reduce tax compliance burden on MSME entities, Govt. has introduced QRMPs w.e.f 01/01/2021. Since this is new scheme launched by government, […]
New Functionalities made available for Taxpayers on GST Portal (January, 2021) 1 – Registration 1. Deemed approval of Registration Application in Form GST REG-01 In terms of Notification No 94/2020-CT, dated 22nd December, 2020, all applications for fresh registration will get deemed approved in 7 working days, instead of 3 working days (as was earlier) […]
Stay updated with the latest CBDT Notifications and Circulars of January 2021. Explore the changes in remuneration for eligible fund managers.
Aarya Organic Foods & Ayurvedic Industries Pvt. Ltd. Vs ITO (ITAT Delhi) As far as addition of Rs.5 lakh of amount received from Sh. Jasbir Singh is concerned, we find that CIT(A) has given a finding that his confirmation, bank statement evidencing bank transfer is on record but since he had not given source of […]
Bhoomi Developers Vs Union Of India & Ors. (High Court Bombay) Issue raised in the present writ petition i.e. eligibility of the petitioner or maintainability of its declaration to avail the benefits of the scheme under the category of investigation, enquiry or audit on the ground that amount of the service tax dues of the […]
Companies (Share Capital and Debentures) Amendment Rules, 2021 In the light of ‘Ease of Doing Business (EODB)’ several amendments are being made to the legislative framework for corporates by the Ministry of Corporate Affairs. In the same spirit MCA has notified Companies (Share Capital and Debentures) Amendment Rules, 2021, making it easier for the companies […]
