CBIC has decided to abolish renewals of Licence/Registration in Customs Brokers Licensing Regulations, 2021 and Sea Cargo Manifest and Transhipment Regulations, 2018 incorporating the following changes: a. To provide lifetime validity of the licenses/registrations; b. To enable provision for making the licenses/registrations invalid in case the licensee/registration holder is inactive for the period exceeding 1 year at a time;
Clarification regarding extension of limitation under GST Law in terms of Hon’ble Supreme Court’s Order dated 27th April, 2021 – CBIC has issued a Circular No 157/13/2021-GST dated 20th July, 2021 clarifying on extension of limitation for various actions under the GST Laws pursuant to Hon’ble Supreme Court’s Order dated 27th April, 2021 The Government […]
It has been more than five years since the Real Estate (regulation and development) Act 2016 was passed. One more year was given to various state governments to draft rules, set up appellate tribunals, appoint officers and for developing websites and other provisions. Ultimately, the Act was implemented with effect from 1st of May 2017. […]
GST brought many benefits to the businesses and economy of our country. Among all other benefits, one benefit which was emphasized at the time of its introduction was ‘Seamless flow of credit’. Provision under GST Law has been enacted in such a manner to achieve the said objective. However, there is still a need for […]
Preference shares as the term implies are the shares that having priority over the equity shares. These shares contain a preferential right to receive the dividend as are declared by the company on first priority basis. They are not only having a Preference in receive a dividend on the priority basis but they also have a […]
Circular No.13 dated 30th June 2021 issued by Central Board of Direct Taxes gave the Guidelines under Section 194Q of Income Tax Act, 1961. The CBDT Circular also covers the linkage between Sections 194Q, 194-O and 206C(1H). 194-O is tax deduction at source by ecommerce operator, the rate is 1.0% and it has come into […]
SA 240 defines fraud as an intentional act by one or more individuals among management , those charged with governance , employees or third parties involving the use of deception to obtain an unfair or illegal advantage. Frauds can be of two types fraudulent financial reporting and misappropriation of assets. Fraud risk factors refers to […]
Explore the application of insider trading regulations to PIPE transactions. Learn about the stages of a PIPE transaction and the interplay with PIT regulations.
HOW TO REGISTER YOUR COMPANY/LLP Documents Needed: 1. PAN or Aadhar- ID proof of the owners 2. Registered office (perfectly okay to have your home as an office where all registered documents and post will be sent if you’re allowed to put a hoarding and have utility bill of 2-3 months like water, electricity) 3. […]
1. Parties involved: -Company -Directors -Professionals like CA, CS, Advocate -Company Liquidator -Tribunal -Registrar of Companies (RoC) 2. Procedure for Closing of a Company: 1. Selling of Company Selling off a private company is similar to voluntary winding up. It involves transfer of majority shareholding and transfer of responsibility to the new owners. It discharges […]
