The scope of C-Form facility for inter-state purchase of the above six goods is examined in the light of the amended provision of clause (b) in sub-section(3 )of section 8 of CST Act, 1956 and it is found that the goods referred in section 8(3)(b) of the CST Act are the class or classes of goods specified in the certification of registration of the registered dealer purchasing the goods as being intended for the sale by him or for use by him in the manufacture or processing of goods for sale only.
Many times, it happens when one starts a business, fulfils all the necessary compliances, takes all the necessary registration required to start a business. But during the course of business, it happens that one needs to close a business or wind up the company or one is forced to close a particular division of the […]
Organization’ vision, values and reputation bring existence of the Brand. Every Organization embraces those names as a Trademark/Brand that reflects their business and create impact on their goods and services. The momentum of the Brand when nurtured by the hard work, new innovated ideas, and the culture set by the Organization, eventually creates the goodwill […]
Introduction: There is a much quoted statement of Mr. Ratan Tata that-I need MBAs to run my business but I need CAs to teach them to run the business. As the world is fully aware of the philanthropy and magnanimity of the legendry Ratan Tata and the enormous business empire he runs this statement, may […]
Lenovo India Private Limited Vs Commissioner of Customs (CESTAT Chennai) Hon‟ble High Court of Madras in the case of M/s. Hewlett Packard Enterprise India Pvt. Ltd. v. Joint Commissioner of Customs & ors. reported in 2020 (10) T.M.I. 970 – Madras High Court has held that the proviso to Section 149 contemplates an opportunity to […]
International Trade is one of the main pillars of economic growth. In this globalization era, both imports & exports play a vital role in the development of growing economies like India. Although, one can argue that an economy should export more & import less since the more a country exports, the more domestic economic activity […]
Q.1 While filing DPT-3 for f.y. 2020-21, which date shall be mentioned for Closing of Account at colloum 7(a)? Ans. As per instruction Kit, Company must mention date of ‘Last Closing of Account’ at column no. 7(a). Therefore, one can opine that for the Financial year 2020-21 date of last closing of account shall be […]
‘Deemed Public Company’ is nowhere specifically defined under Companies Act, 2013 or its Rules. So, it is only after analysis of Sub-Section 71 of Section 2 can one get an indirect definition of deemed public company. Section 71 reads as under: “public company” means a company which- (a) is not a private company and; (b) […]
The Import Export Code (IEC) is one of the key business identification numbers which is mandatory for performing Exports or Imports. No person/entity shall proceed with any import or export except it gets an IEC Number issued by the Directorate General of Foreign Trade (DGFT), unless specifically exempted. Any Proprietorship, Partnership, LLP, Limited Company, Trust, […]
OVERVIEW Board Meetings are the meeting of directors to discuss and take decision on various corporate and non-corporate matters for smooth functioning of the Company and in today’s dynamic and changing scenarios, it is must needed to take regular updates on the matters affecting the business of the companies. The Board of Directors is the […]
