Overview: As per sub-section (1) of Section 139 of the Companies Act, 2013 (Act), “every company shall at the first annual general meeting, appoint an individual or a firm as an auditor who shall hold office from the conclusion of that meeting till the conclusion of its sixth annual general meeting and thereafter till the […]
West Bengal Authority for Advance Ruling (‘AAR’) in the case of M/s Masterly Kolkata Facility Maintenance Private Limited has ruled that although separate invoices have been issued for ‘Gas Charges’ for consumption of gas, supply of gas through pipeline is found to be naturally bundled with facility & property management services and are supplied in […]
Advocates and solicitors are often called upon to issue title certificates. This maybe a requirement under law, as in the case of the Maharashtra Ownership of Flats Act, 1963 (MOFA) and the Real Estate (Regulation and Development) Act, 2016 (RERA) or under contract, as in the case of loan transactions, mortgages, etc.
West Bengal Authority for Advance Ruling (‘AAR’) in the case of M/s Exservicemen Resettlement Society has ruled that Sub-sections (2) and (3) of Section 15 CGST Act leave no room to deduct any amount like management fee, employer contribution to PF/ ESI etc from the value of supply and thus GST is payable on total […]
Arjun (Fictional Character): Krishna, nowadays more and more people are making investments in mutual funds through SIPs? Krishna(Fictional Character): Arjuna, SIPs i.e., Systematic investment plans are a convenient method of investing in mutual funds in which the investor can invest small amounts periodically. Investors can choose the frequency of their SIP investment as weekly, monthly, […]
1. Introduction As we are all aware that the contribution of working women is significantly increasing day by day across the globe. There is no denying that women are considered as the backbone of society which can be seen in all types of organizations. Therefore, women have been seen in every field whether it would […]
As per Para 6 (a) of Schedule II to the CGST Act, 2017, works contracts as defined in section 2(119) of the CGST Act, 2017 shall be treated as a supply of services. Thus, there is a clear demarcation of a works contract as a supply of service under GST. As per section 17(5) (c) of the CGST Act, 2017, input tax credit shall not be available in respect of the works contract services when supplied for construction of an immovable property (other than plant and machinery) except where it is an input service for further supply of works contract service.
Today we are discussing the Procedure for Registration. The topic involves Section 25 of CGST Act, 2017 along with Rule 9, 10 & 11 of CGST Rules, 2017. The article below discusses all these relevant provisions in a comprehensive manner. Section 25 Procedure for registration under GST Person liable for registration Section 25(1) Every person […]
ज्यादातर लोगों के मन में आज भी यह धारणा है कि खेती की जमीन पर की गई हर प्रकार की गतिविधियां, उद्योग, धंधा, आदि खेती की श्रेणी में आते है और करमुक्त होतें है. खासकर डेयरी फार्मिंग, पोल्ट्री फार्मिंग और व्यावसायिक पौधों को बेचना, तो लोग खेती ही मानते हैं. इस धारणा को हमें ठीक […]
With globalization, people and corporates venturing abroad for work and to explore foreign markets is common. This brings a need to pay taxes on income earned in foreign countries. The question is, if an Indian resident earns income and pays taxes abroad, can he claim credit of the taxes paid in foreign countries and if […]
