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Archive: 31 July 2023

Posts in 31 July 2023

GST Council, 50th meeting, Recommendations, Streamlining compliances

July 31, 2023 1461 Views 0 comment Print

The 50th GST Council meeting marked a significant milestone, showcasing the ongoing efforts and collaborative approach of the Council members in shaping the GST framework in India.

Director’s Report for FY 2022-23 under Companies Act, 2013

July 31, 2023 38976 Views 0 comment Print

In-depth understanding of the Director’s Report under the Companies Act, 2013. Know what it includes, its importance, mandatory aspects, and penalties for non-compliance.

CESTAT set-aside penalty on Cable TV Operator for non-payment of service tax

July 31, 2023 417 Views 0 comment Print

Tribunal grants relief to small cable TV operator for Service Tax non-payment. M/s SIFY already paid tax. Appellant’s compliance efforts noted. Penalties set aside.

Transfer and Transmission of shares under Companies Act, 2013

July 31, 2023 6177 Views 1 comment Print

A comprehensive guide on the process of transfer and transmission of securities as per the Companies Act 2013 and the Securities Contracts (Regulation) Act, 1956

Department cannot file appeal on a ground not existing in Show Cause Notice – Limitation of appeal under Section 107(2) of GST Act

July 31, 2023 1902 Views 0 comment Print

Explore the limitations of departmental appeals under GST Act Section 107(2). Learn why a ground not stated in Show Cause Notice cannot be appealed

E-Invoicing Mandatory for businesses with 5 Crore+ Turnover from 1st August 2023

July 31, 2023 26472 Views 0 comment Print

E-invoice now required for businesses with over Rs 5 crore turnover from Aug 1, 2023. Learn how this affects GST collection.

Effluent Transport Doesn’t Attract Service Tax Under GTA

July 31, 2023 684 Views 0 comment Print

Understand CESTAT’s decision in Panoli Enviro Technology Limited vs Commissioner of Central Excise & ST that effluent transportation doesn’t qualify as ‘goods’ under the Goods Transport Agency service, hence is not liable to Service Tax.

Late Fees on Income Tax Return & Checking Form 26AS & AIS

July 31, 2023 1365 Views 0 comment Print

Avoid penalties on your 2023-24 income tax return. Understand the importance of checking Form 26AS & AIS, and the repercussions of late filing.

Tax Rates for Domestic Companies: Section 115BA, 115BAA, 115BAB Explained

July 31, 2023 12744 Views 2 comments Print

Decipher the tax landscape for domestic companies with a comprehensive breakdown of Sections 115BA, 115BAA, and 115BAB. Explore the nuances, conditions, and benefits under each section, offering insights into tax rates for domestic manufacturing companies. Stay informed, optimize tax planning, and navigate compliance effectively.

ITAT Upholds Addition: Failure to Explain Large Share Premium

July 31, 2023 330 Views 0 comment Print

Explore an analysis of ITAT’s ruling against Timely Commercial P. Ltd for its failure to explain large share premium received, upholding an addition.

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July 2023