"04 June 2022" Archive

Top 05 Shipping Companies in India (2022)

The delivery business in India assumes a critical part in countless ways. For one’s purposes, transporting is a significant supporter of the nation’s import and product business. Additionally, delivering regardless is a typical method of water transport, moving individuals and freight starting with one country and then onto th...

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Posted Under: DGFT |

Linking of AAdhar with PAN on e filing portal

Requirement to link aadhar with PAN: As per sec 139AA of income tax act, 1961, every person who has been allotted PAN as on the 1st day of July, 2017 and who is eligible to obtain an Aadhaar number have compulsorily link their aadhar and PAN before the due date i.e. 31.03.2022 by giving his […]...

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Posted Under: DGFT |

Legislative history of Service Tax regime & analysis on penalty provision

Legislative history of Service Tax regime & analysis on penalty provision mentioned under Chapter V of the Finance Act, 1994 by way of a hypothetical question?[1] Introduction As enterprisers find different creative models to do business. The government(s) of different countries find ways how to levy tax on the different models which ...

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Posted Under: DGFT |

Know When to Say No to Cash Transactions- E-Book

This is second Edition of Book, ‘Know When to Say No to Cash Transactions’ and for the convenience of the reader contents of the chapters are enumerated below:- 1. Introduction: This chapter introduces the evolution of cash over time, why cash is preferred over any other method of doing the transactions, various flaws involved...

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Posted Under: DGFT | ,

ICAI clarifies on Proposed Scheme of Education and Training

Board of Studies (Academic) The Institute of Chartered Accountants of India June 04, 2022 ANNOUNCEMENT Re: Proposed Scheme of Education and Training The Draft Amendments in the CA Regulations arising out of the proposed scheme of Education and Training have been in principle approved by the Ministry of Corporate Affairs and is exposed to ...

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Posted Under: DGFT |

GST E-Invoice System User Manual for Tax Payers

1. Introduction 1.1 Background The GST Council has approved introduction of ‘E-invoicing’ or ‘electronic invoicing’ in a phased manner for reporting of business to business (B2B) invoices to GST System. Since there was no standard for e-invoice existing in the country, standard for the same has been finalized after consultation wi...

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Posted Under: DGFT |

New Guidelines for Incorporation of Company

In this editorial, author shall discuss the latest amendment made by Ministry of Corporate Affairs (MCA) in respect to Incorporation of Company with person/ company belong to country sharing land border with India like China, Pakistan, Bhutan, Myanmar, Nepal and Bangladesh: MCA has notified Companies (Incorporation) Second Amendment Rules...

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Posted Under: DGFT |

MCA Guidelines for Person belonging to Countries Sharing Land Border with India

In this editorial, author shall discuss the latest amendment made by Ministry of Corporate Affairs (MCA) in respect to person/ company belong to country sharing land border with India: [1]MCA has amended Companies (Appointment and Qualification of Directors) Rules, 2014 w.e.f. June 01, 2022. [2]MCA has notified Companies (Incorporation) S...

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Posted Under: DGFT |

SC on Secondment of Employees- Characterization of Relationship, Revenue Neutrality & Limitation

1. There has been some criticism expressed over the recent decision of the Hon’ble Supreme Court in the case of CCE Northern Operating Systems (P) Ltd. (Civil Appeal No. 2289-2293 of 2021). The criticism expressed is in respect of the Court applying the doctrine of substance over form to arrive at its decision. Apprehensions have [&hell...

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Posted Under: DGFT |

Ranjana Singh Vs Commisioner of State Tax (Short Summary)

WRIT TAX No. - 1084 of 2021

Ranjana Singh Vs Commissioner of State Tax (Allahabad High Court), Writ Tax No. 1084 of 2021 Date of Judgement : 09/12/2021 Relevant Sections: Section 25, Rule 8 & 9 Facts of the Case: The Registration application of Petitioner was rejected by the dept even after carrying out an inspection of business premises and after receiving [&he...

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Posted Under: DGFT |

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