In re Accurex Biomedical Private Limited (GST AAR Maharashtra) Question: – HSN Classification and GST rate to be charged on below products: 1. Turbilatex C-reactive protein (CRP) infinite 2. HbA1c infinite Answer:- The said products are classifiable under Heading 38.22 and under Sr.No 80 of Schedule II of the Notification No. 1/2017 – Central Tax […]
In re Fine Electro Coating (GST AAR Maharashtra) Since no new product comes into existence after the process conducted by the applicant on the goods supplied by its principals, therefore the process undertaken will come under the purview of jobwork as defined under Section 2 (68) of the GST Act, 2017. Thus, in view of […]
In re Mumbai Port Trust (GST AAR Maharashtra) Question. Whether in law and in facts and circumstances of the case, the Applicant (MbPT) is entitled to exemption from payment of GST in terms of Entry No.3 of the Notification No. 12/2012-CTR dtd.20-06-2012 on the following considerations payable to it by Mumbai Metropolitan Region Development Authority […]
This article provides the Detailed procedure to be followed for compounding the offences under the Companies Act, 2013. IMPORTANT NOTES: – ♦ Compounding can be done either before (or) after the institution of any prosecution. ♦ The compounding authority has no power to impose fine which exceeds the maximum amount of fine which may be […]
INVESTMENTS MADE BY NRI IN INDIA Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019 Reporting Requirements: The reporting requirement for any Investment in India by a person resident outside India shall be as follows: (1) Form Foreign Currency-Gross Provisional Return (FC-GPR): An Indian company issuing equity instruments to a person […]
FILING OF FINANCIAL STATEMENTS UNADOPTED 1. As per the proviso to Section 137(1) where the financial statements under sub-section (1) are not adopted at AGM or adjourned AGM such unadopted financial statements along with the required documents under sub-section (1) shall be filed with the Registrar within thirty days of the date of AGM. 2. […]
1. For ODI under Automatic route: Under the Automatic Route, an Indian Party does not require any prior approval from the Reserve Bank for making overseas direct investments in a JV/WOS abroad. Indian Parties / Resident Individuals are required to follow below mentioned procedure for ODI in WOS/JV: Filling form ODI Part I and getting […]
Stand-Up India for Financing SC/ST and/or Women Entrepreneurs ♦ Objective Facilitate bank loans between 10 lakh and 1 crore to at least one scheduled caste (SC) or Scheduled Tribe, borrower and at least one woman per bank branch for setting up a greenfield enterprise. This enterprise may be in manufacturing, services or the trading sector. […]
Condonation Of Delay Under Companies Act 2013 (Section 460) Notwithstanding anything contained in this Act, — a) where any application required to be made to the Central Government under any provision of this Act in respect of any matter is not made within the time specified therein b) where any document required to be filed […]
Q 1. WHAT IS POSH? Sexual harassment results in violation of the fundamental rights of a woman to equality under articles 14 and 15 of the Constitution of India and her right to life and to live with dignity under article 21 of the Constitution and right to practice any profession or to carry on […]
