The Special Judge, CBI Cases, Ernakulam(Kerala) has sentenced Shri K.S. Chandrasekhar, then Assistant Commissioner of Customs, Air Cargo Complex, Cochin International Airport, Nedumbassery, Ernakulam(Kerala) to undergo three years Rigorous Imprisonment with fine of Rs.1,20,000/-.
The concept of Corporate Social Responsibility (referred as CSR) has become a dominant concept which is mandatorily followed by business vide Section 135 of The Companies’ Act, 2013. Thus, every entity is required to furnish its CSR report explaining such activities otherwise one may suffer from serious consequences of it with a charge of heavy penalty.
Understand the new E-Invoice system under GST. Learn about the benefits and challenges of implementing E-Invoice for businesses in India.
It is clear that the Income Tax -Department does not enjoy the status of a secured creditor, on par with secured creditor covered by a mortgage or other security interest, who can avail the provisions of Section 52 of the Code. At best it can only claim a charge under the attachment order in terms of the provisions of Section 281 of the Act,1961.
STRIKE OFF A COMPANY A Company goes for strike off when the management no longer wishes to carry on the business further. Strike off simply means removing of the name of the company from the Registrar of Company. Section 248 of The Companies Act 2013 states about the provisions of Strike off of company. BY […]
Advance Tax refers to Income tax collected in advance from the taxpayer for the year before the end of the concerned financial year. Advance Tax is payable by the taxpayer during a financial year in every case where the amount of tax payable exceeds Rs 10,000/- Advance Tax is calculated on the basis of expected […]
Shri Narayan Rane launches MSME Innovative Scheme (Incubation, Design and IPR) & MSME IDEA HACKATHON 2022 under MSME Champions Scheme Union Minister for MSME Shri Narayan Rane today launched the MSME Innovative Scheme (Incubation, Design and IPR) along with the MSME IDEA HACKATHON 2022. Speaking on the occasion Shri Rane said MSMEs have an important role to […]
Stay updated with the recent changes in GST till 11.03.2022. Explore the impact of election results on policy making, economic growth, and GST revenue.
Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Scheme -2022 is applicable regarding concessions on various taxes levied by Sales Tax Department before introduction of GST Act and duration of this Amnesty Scheme will be from April 1, 2022 to September 30, 2022.
Any person aggrieved with the order passed by an adjudicating authority can file an appeal in GST before the First Appellate Authority. Who is Adjudicating Authority? Adjudicating Authority is the authority which passes an order or decision against which we appeal. Who is First Appellate Authority? (i) The first appellate authority would be Commissioner (Appeals) […]
