"03 September 2022" Archive

CSR Provisions Under Companies Act, 2013 – FAQs

Q.1 On which companies, Corporate Social Responsibility Policy (CSR) provisions specified under section 135 of the Companies Act, 2013 are applicable? A company satisfying any of the following criteria during the immediately preceding financial year has to comply with CSR provisions specified under section 135 of the Companies Act, 2013 r...

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Posted Under: Company Law |

Chinese Loan App Case – ED searches 6 premises in Bengaluru

ED carried out search operations on 02.09.2022 at 06 premises in Bengaluru, in respect to an investigation relating to Chinese Loan App Case...

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Posted Under: Company Law |

CBIC Guidelines on Summons, Arrest and Bail under GST Law

In any tax law including the GST law, tax evasion as well as detection and investigation both are present and go hand-in-hand. It is obvious that tax evasion ought to be curbed at all costs and this may require severe and harsh action on the part of tax collectors and regulators. This includes inspection, investigation […]...

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Posted Under: Company Law |

Monthly (September 2022) Legal Obligations + Legal updates  for India

Monthly (September 2022) Legal Obligations + Legal updates  for India under Income Tax Act, 1961,  Goods and Services Tax (GST) 2017, FEMA, 1999, ESI, 1948, Provident Fund, 1952, Companies Act, 2013, LLP Act 2008. (A)    Monthly (September 2022) Legal Obligations for India (I) Income Tax Act, 1961 S. No Date of Event Form/ Challan Pe...

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Posted Under: Company Law |

Offences and Penalties under Code on Wages, 2019

When Employer pays less amount to Employee If employer pays to employee less than the amount due to such employee then employer shall be liable to fine which may extend to Rs. 50,000/- (Section-54(1)(a)) Repetition of offence covered under section – 54(1)(a)) On repetition of offence covered under section-54(1)(a)) within 5 years th...

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Posted Under: Company Law |

GST Conundrum – GST on real estate sector

The amendments made to the GST for the real estate sector has created a self contained code with the issuance of notifications 3/2019 to 6/2019 all dated 29/03/2019 effective from 01/04/2019. However these notifications have created more issues than they have solved. The said notifications reflects the government’s desire to tax eve...

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Posted Under: Company Law |

What Happens If I Don’t Pay the Group Health Insurance Premium?

Group Health insurance policy is usually taken by employer of an organization to cover their employees which can be extended to family of employees...

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Posted Under: Company Law |

Input Service Distributor (ISD) under CGST Act, 2017

What is the procedure and timeline for registration as ISD? I. As such there is no specific procedure, we only need to select the reason of registration as an ISD in Form GST REG-01 for registration. II. It is preferred that the Input Service Registration should be taken in the name of Head Office. III. […]...

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Posted Under: Company Law |

Clause 44 in Form 3CD under Section 44AB of Income Tax Act 1961 – FAQs

Clause 44 reporting viz. GST Details is applicable to taxpayers who are required to file tax audit reports in Form 3CA/3CB & 3CD u/s 44AB...

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