COMPANY NAME BOARD AND COMMITTEE EVALUATION 1 (one) – Strongly Disagree to 5 (Five) strongly Agree scale BOARD EVALUATION 1. STRUCTURE AND COMPOSITION OF BOARD Particulars RATINGS 1-2-3-4-5 a. Composition of the Board is right mix of executive & non-executives directors b. The Board has Members who have the right mix of capabilities, experience […]
Understanding the tax implications of liquor license fees under GST. Find out if liquor license fees are liable to GST and how it impacts businesses.
Understanding the impact of GST on ready-to-eat popcorn sold in retail packages. Learn about the classification and taxation of this popular snack.
IEC(Import Export Code) is a mandatory identification document for carrying out any import/export activity in the Country. A business cannot make any import/export supply until and unless IEC has been obtained except under expressly provided exemptions. Earlier after making an application for IEC, a separate identification number used to be issued by the department. But […]
By April 1, 2023, It is mandated that accounting software must provide an audit trail feature The government’s notification on the audit trail Companies have been granted a year to adopt the Ministry of Corporate Affairs’ most recent accounting software upgrade, which allows them to use the audit trail (edit log) feature. According to a […]
In the year 2016, ‘Atal Innovation Mission’ was set up by NITI [National Institution of Transforming India] Aayog. It is a Government of India initiative. Basically, it is developed with an aim to promote a culture of entrepreneurship as well as innovation across the country at various schools; research institutions; MSME; universities; etc. The current […]
Q.1 How would I know that DBT funds have come to my account? Ans. If you have availed SMS alerts facility from the concerned bank where your DBT account is opened, then the bank will send out SMS alerts when you get DBT funds in account. Alternatively, you can also check your account balance using […]
ISSUE FOR CONSIDERATION When a loan taken for acquiring a depreciable capital asset or a part of the purchase price of such capital asset is waived in a year subsequent to the year of acquisition, an issue that arises with respect to waiver of loan or part of the purchase price is whether the depreciation […]
Apex Court, in the case of Consolidated Construction Consortium Limited vs. Hitro Energy Solutions Private Limited, was seized of the following legal questions: 1. Whether the Appellant is an Operational Creditor under the Code even though it was a ‘purchaser’; 2. Whether the Respondent took over the debt from the Proprietary Concern; and 3. Whether the application under Section 9 of the Code is barred by limitation.
R. Geethabanu vs. Government of Tamil Nadu (Madras High Court, Madurai Bench) The Madras High held that the aggrieved person cannot file claim petitions both under the Motor Vehicles Act ,1988 as well as the Workmen Compensation Act,1923 in respect of the very same accident. The court also held that previous decisions of various High […]
