Mediation is an alternate dispute resolution mechanism that involves a third party or collective individuals, acting as a third party that helps in arriving at a mutually agreed settlement. This mode of ADR mechanism has its roots embedded since time immemorial in the history of humankind.
Arbitrators are creatures of an agreement, it is for the parties to confer upon them such power and prescribe such procedure for them to follow, as they deem fit, so long as they are not bad in law (the proviso to section 41 and section 3 of the Arbitration & Conciliation Act, 1996( hereinafter referred […]
Learn about the rights and duties of taxpayers when receiving summons under GST. Understand how to deal with these summonses and protect your interests.
Applicant was engaged in supplying food and other services with Hostel Accommodation Services they are not naturally bundled with the lodging. Therefore, we held that supply of hostel accommodation along with food is not a composite supply but it is a mixed supply.
At present, branded Namkeens, bhujias, fruit & vegetable chips, snack foods etc. are charged @ 6 % CGST + 6 % SGST or 12% IGST, whereas, non-branded Namkeens, bhujias, fruit & vegetable chips, snack foods etc. are charged GST @ 5%.
In absence of a written sub-contract: whether contractors liable to deduct TDS? In general practice the person who generates income is under an obligation to file its return and/or to pay tax under Income Tax Act, 1961 (for brevity hereinafter referred to as “IT Act”). But in certain enumerated situations, the payer of such consideration […]
A Company may opt for conversion of loan to equity where there is an obligation on the part of the company to pay its debt as per the loan agreement within the time limit. At times companies are not in a position to satisfy its debt obligations, they exercise for conversion of such loan into […]
Learn about the interim SOPs for scrutiny of GST returns for FY 2017-18 & 2018-19 issued by CBIC. Find out the selection process and steps for further action.
Even the most careful and defensive of drivers can get into an accident. Even the most diligent car owner can suddenly find their car stuck with a problem. The biggest hassle with auto repairs out of nowhere is paying for it.
Stay updated with the recent developments in GST up until 23rd March 2022. Get insights on the Indian economy, GDP growth, inflation, and geopolitical risks.
