"Author is currently working as partner in Magnitude consultancy Services in the field of Indirect Taxes.Author can be reached at Magnitude.mcs@gmail.com"
1. Introduction: The new section 206C(1H) of the Income Tax Act,1961 has been introduced by The Finance Act, 2020 for Tax Collected at Source (TCS) on sale of goods. The provisions of this section has been notified & applicable w.e.f. 01.10.2020. 2. Meaning of TCS: TCS Means collecting tax at source for certain transactions which are […]
VIVAD SE VISHWAS : A CONSONANCE STEP 1. INTRODUCTION: The scheme has been introduced by the finance act, 2020 & accordingly the said act received the assent of the president on the 17th march, 2020 as act no. 3 of 2020. 2. ELIGIBILITY: The following cases may be eligible for this scheme: A Person whose […]
CS-EXECUTIVE PROGRAMME PAPER:1. COMPANY LAW CHAPTER-1: INTRODUCTION 1. MEANING & DEFINITION OF COMPANY: In terms of the Companies Act, 2013 (Act No. 18 of 2013) a “company” means a company incorporated under this Act or under any previous company law [Section 2(20)]. 2. NATURE & CHARACTERISTICS OF COMPANY: The most striking characteristics of a company […]
APPEALS UNDER GST (PROVISIONS GOVERNING APPEALS UNDER THE CENTRAL GST ACT, 2017 WHICH ARE APPLIED TO THE STATE/UT GST ACT, 2017 & THE INTEGRATED GST ACT, 2017 MUTATIS MUTANDIS.) HIERARCHY OF APPEALS UNDER GST > The First Appeal can be filed against an order issued by Adjudicating Authority to Appellate Authority by Assessee within 3 […]
