FAQs on FOOD License under FSSAI 1. Who Needs FSSAI/FOOD License? Every person who is doing food business needs FSSAI/FOOD license as per the Food Safety Standard Act. 2. What is FSSAI? ♦ FSSAI stands for Food Safety and Standards Authority of India which is an organization that monitors and governs the food business in […]
Scope of Advance Ruling─Supplies undertaken by prior to the date of filing of the application are not covered─Since the application seeking advance ruling was filed on 6.7.2021 before the ARA with respect to supplies undertaken for the period from 1.4.2019 to 31.3.2021. Hence the case is out of the purview of the Advance Ruling
Draft Format of Director’s Report: Small Company All Companies registered in India are required to conduct an Annual General Meeting and file the company annual return with the Ministry of Corporate Affairs. In the Company’s Annual General Meeting, the Board of Directors of the Company are required to present the Directors Report to the shareholders […]
SEBI (Listing Obligations and Disclosure Requirements) (Sixth Amendment) Regulations, 2021 pertaining to Related Party, Related Party Transactions, Prior Approvals and Disclosures What is the Change? On November 09, 2021, Securities and Exchange Board of India (SEBI) vide Notification No. SEBI/LAD-NRO/GN/2021/55 has amended certain provisions relating to : When will it be effective? These amendments shall […]
The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 also called as “POSH” was incorporated with an object of providing protection against sexual harassment of women at workplace and for the prevention and redressal of complaints of sexual harassment. Sexual harassment results in violation of the fundamental rights of a woman […]
Austria to Apply Capital Gains Tax to Crypto currency: 1. Austria has announced that it is considering applying the same 27.5% levy to crypto assets it currently uses to tax capital gains from traditional stocks and bonds. 2. The reform provides for the integration of cryptocurrencies into the existing taxation system for income from capital […]
It was observed, that the interest paid on the loans was allowed by the AO himself as a deduction, however, no loss in connection thereto was allowed. The action of the AO accepting the Foreign Exchange but disallowing the loss appears to be erroneous.
Department contended that the Petitioner is a manufacturer of fish meal which is also used as a raw material for the purpose of making taxable goods namely, cattle/poultry/aquatic feed and does not fall under the ambit of Goods Exemption Notification.
The intention of the legislature has been watched and smelled by the Court & Tribunals. Benefit of section 54F is entitled to the legitimate assessee. Wide interpretation of the language of the section has been made and benefit has been allowed by the Tribunals. Deduction u/s 54F fully allowable despite property purchase in joint names. […]
Supply of Pure Service except Works Contract Service or composite supplies involving supply of any goods is exempted from GST Tax subject to such conditions stated under entry at Sr.No.3 of the Notification No.12/12017 Central Tax (Rate) dated 28-06-2017. From 25-01-2018 the Legislature allowed composite supply in which the value of supply of goods constitutes […]
