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Archive: December, 2022

Posts in December, 2022

IFSCA (Fund Management) Regulations, 2022 – FAQs

December 10, 2022 3927 Views 0 comment Print

Explore the FAQs on IFSCA (Fund Management) Regulations, 2022, unraveling the intricacies of Fund Management Entities (FMEs). Learn about the categories of FMEs, types of schemes they can launch, eligibility conditions, and the procedure for obtaining registration. Delve into the details of Venture Capital Schemes, their legal forms, investor criteria, corpus size, and investment restrictions.

GST on supply of imported component needed for Pneumatic Conveying System on High Sea sales basis

December 10, 2022 1308 Views 0 comment Print

In re Coperion Ideal Private Limited (GST AAAR Uttar Pradesh) Supply of imported goods i.e. component needed for Pneumatic Conveying System made by the appellant to its customers on High Sea sales basis will not be treated as supply of “goods” by vertue of entary 8(b) to the Schedule III of CGST Act, 2017 as […]

GST on building construction works contract service provided to TSTDCL

December 10, 2022 1965 Views 0 comment Print

In re Shree Construction (GST AAR Telangana) The rate applicable for the works contract service provided to the Telangana State Tourism Development Corporation Limited by way of construction of building on their land. Whether it is 12% as the Telangana State Tourism Development Corporation Limited is wholly owned by the Government of Telangana or 18% […]

All About Gujarat Professional Tax & Amnesty Scheme- 2022

December 10, 2022 38628 Views 0 comment Print

Unlock the details of Gujarat Professional Tax & Amnesty Scheme-2022. Explore the nuances of professional tax in India and how Gujarat’s recent amnesty scheme offers relief to taxpayers. Understand rates, types, and the registration process. Check out the benefits, payment methods, and the newly revised tax rates effective from April 2022.

GSTR 9-Annual Return filing details required under each table

December 10, 2022 99516 Views 21 comments Print

Get detailed insights into GSTR-9 Annual Return filing for FY 2021-22. Understand the summary, categories, and tables including Outward Tax Liability, Input Tax Credit, Tax Reconciliation, and more. Ensure accurate reporting and compliance.

Slump Sale (Section 50B of Income Tax Act, 1961)

December 10, 2022 122027 Views 2 comments Print

Slump sale is one of the most preferred ways of carrying out mergers & acquisitions deals where assessee transfers the entire undertaking or division for a lumpsum consideration without considering the individual values of the assets and liabilities.

Know How to Claim Unclaimed Dividend from Company

December 10, 2022 17820 Views 0 comment Print

A dividend is a portion of a company’s profits that are given to each shareholder. The Board of Directors determines and declares the quantity and quality of dividends. A dividend can be final or interim; the former is announced at the conclusion of the fiscal year, while the latter is announced on a quarterly or semi-annual basis.

Grounds of Appeal against disallowance of Mismatch between GSTR-3B & GSTR-2A

December 10, 2022 39255 Views 0 comment Print

Discover legal remedies for GST ITC disallowance due to mismatch between GSTR-3B & GSTR-2A. Explore grounds of appeal against demands, interest, and penalties. Learn about eligibility conditions under Section 16 of the GST Act. Get insights into relevant court cases for a better understanding.

What Is PEO? Everything You Need To Know

December 10, 2022 3093 Views 0 comment Print

Many businesses that want to outsource all of their human resources use PEOs. They want to minimize their risk and liability while reaping the benefits of collective bargaining such as compensation, payroll, and other costs related to the PEO Human Resources.

Mere E-Way Bill Expiry Does Not Establishes Intention to Evade Taxes

December 10, 2022 13263 Views 0 comment Print

Gujarat High Court in case of Shree Govind Alloys Pvt. Ltd. v. State of Gujarat held that mere expiry of e-way bill during transit of vehicle cannot be a valid ground for detention and seizure.

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