As we all are aware that online E Com portal for filing of MEIS, SEIS, ROSL and ROSCTL scheme was not working for a long which was activated and an end date was provided to claim all such pending authorization upto 31 December 2021. Although, MEIS application for the period September to December 2020 was […]
The Union Cabinet has approved government guarantee of Rs. 30,600 crore for Security Receipts issued by National Asset Reconstruction Company (NARCL) as part of bad debt resolution will be valid for five years. The Government of India incorporated two companies namely National Asset Reconstruction Company Ltd. (NARCL) and India Debt Resolution Company Ltd. (IDRCL) National […]
Introduction E – Commerce Industry is gaining its importance nowadays as lot of people prefer online shopping, booking hotels and any services through online due to its convenient usage and saving in time which is available in just click of a button. What about GST aspect in E – Commerce Industry? Let’s discuss this in […]
It is said that achieving anything requires a combination of inspiration and perspiration. That means you have to work hard and be smart. This philosophy applies to every good job as well as school or university exams. For many students, the biggest problem with exams is a lack of confidence, or what some call ‘test […]
Section 109 of Finance Act, 2021 has come into effect from 1st January 2022. Section 109 of Finance Act 2021 relates to Amendment in section 16 of Central Goods and Services Tax Act, 2017. (Notification No. 39/2021–Central Tax | Dated: 21st December, 2021) Section 109 of Finance Act, 2021 In this section, section 16 of […]
Once you get the idea for your startup and have gone through with the market available for you, now you are ready for the next step. But wait, how will you do that? Implementing your idea by incorporating sole proprietary, partnership or Company! Well, this article is all about your Next move. Common legal mistakes […]
Analysis of Amendment To CGST Act, 2017 which came in Force From 1st January, 2022 Here with I am providing summary along with analysis of such amendments as below for better understanding to our tax fraternity. Also Read: Notification No. 39/2021–Central Tax [S.O. 5328(E)] 21/12/2021 S. No. Amendment to Section Clause as per Finance Bill […]
With a view to widen up the tax base and boost up the tax collection, over the last few years, the Government is continuously expanding the scope of the information collected by revenue authorities from various different sources vis-à-vis the income being earned by the taxpayers. Taking a step ahead towards the above pointed goal, […]
GST Rates on various Composite or works contract services to various recipients has been one mind boggling affair for all taxpayers due to multiple amendments from time to time. Some of these amendments are so fine that they are hardly visible and come to notice only when a proper verification or assessment is taken up […]
The Ministry of Finance vide Press Release dated December 31, 2021 stated that the GST Council’s 46th meeting held on December 31, 2021 under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council has recommended to defer the decision to change the rates in textiles recommended in the […]
