"25 November 2021" Archive - Page 2

Bus operators can avail ITC on rent paid towards hiring of buses

In re Abhay Singh Gill (GST AAR Chhattisgarh)

AAR ruled that bus operator is entitled to avail ITC on rent bill issued by service provider, who provides buses on rent charging GST at the rate of 18%, subject to fulfillment of conditions stipulated under Section 16 read with Section 17 of CGST Act...

GST on Man power services provided to Central & State Govt departments

In re Chhattisgarh Anusandhan & Vikas Firm (GST AAR Chhattisgarh)

Man power services provided by applicant to various Central and State Government departments is liable for GST at applicable rate and is not eligible to 'Nil' rate of tax...

Deposit Under Companies Act, 2013

Deposits means when a company are generally acquiring funds from the members or the public in the form of  loan or any other form as may be prescribed, but does not include certain classes of transactions. Companies aim to secure finance by different cost-effective methods to suit their financial requirements. The legal definition of dep...

Status of Liability of Personal Guarantors under IBC 2016

Status of Liability of Personal Guarantors under the Insolvency and Bankruptcy Code, 2016 (IBC 2016) The law of Insolvency and Bankruptcy has been newly harvested and on account of this, various situations arise day-in and day-out concerning different provisions of this law and their implementation which not only causes ambiguity and conf...

GST Payable on Services provided by the Club to its members

The Applicant has sought Advance Ruling to confirm the applicability of GST on Services provided by club to its members. The applicant has taken the aid of Judgment delivered by the Hon’ble Apex Court in the case of State of West Bengal v. Calcutta Club Limited in Civil Appeal No.4184 of 2009....

Why two stock exchanges in India?

You might be wondering why I am saying it that there are two stock exchanges in India (BSE and NSE) however there are other stock exchanges also exists in India. But here I am talking about major Stock exchanges currently operating in India very effectively. Ever wondered if BSE was handling all the investments and […]...

GST: Self Invoicing Under RCM- Is it required?

In GST, Section 9 of the CGST Act 2017– related to levy and collection, There are 2 types of charges under GST  (1) Forward Charges  (2) Reverse Charges :-  (a) under reverse charge, there are two type of payments i.e.  Taxable supplies provided by register person to register person (b) depend upon the nature of […]...

AGM Extension After 30.11.2021 for Financial Year March 2020-21

As soon as the circular popped out for AGM Extension for 2020-21, myself as well as certain people were in dilemma & in constant confusion regarding the extension of AGM after 30.11.2021 So, I tried to throw the light upon it, Please get the same in the below paragraph. As per the Provisions of Section […]...

Difference among Exempt, Nil, Non-Taxable & Zero-Rated Supply

There are different kinds of supply under GST on which requires clarity so that correct reporting can be done while filing returns.  Meaning of different supply under GST is as follows:- Exempt Supply: It means supply of any goods or services or both which attracts nil rate of tax or which may be wholly exempt […]...

Plugging loopholes within Section 50B governing Slump Sale Transactions

Plugging loopholes within Section 50B governing Slump Sale Transactions : Amendments by Finance Act, 2021 This presentation would aim to simply explain what a slump-sale is and proceed to explain the concept of a slump sale in a tax perspective due to several issues faced pertaining to the tax-computation mechanism of a slump sale and [&h...

Search Posts by Date

March 2024
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031