Learn about the concept of pledge under the Indian Contract Act of 1872. Understand the essentials and examples of pledge for debt or promise.
Proposed GST Structure to be effective from 01.01.2022 to impact Restaurant Services GST Council in their recent 45th GST Council Meeting held on 17th September,2021 has recommended on including Food Aggregators operating through Food Delivery Apps such as Zomato, Swiggy, cloud kitchens within the ambit of Restaurants services and make them liable to pay GST. […]
1. Tax wrongfully collected and Paid under wrong head > Section 77 of the CGST Act 2017 provides that if the registered taxpayer has paid CGST and SGST/UTGST, as the case may be on a transaction considered by him to be intra-state supply, but which was subsequently held to be inter- state supply, would get […]
As per Entry No. 6 of Notification No. 12/2017- Central Tax (Rate) dated 28.06.2017; All services provided by the Central Government, State Government, Union territory or local authority are exempt from the payment of tax, excluding the following services; (a) services by the Department of Posts by way of speed post, express parcel post, life […]
Section 135(1) of the Companies Act 2013, deals with the CSR provisions and constitution of CSR committee. Modes of spending CSR expenditure: As per Rule 4(2), Companies can spend on CSR activity through any of the below 3 ways. 1. Eligible Companies coming together to form a Trust, Society, or Section 8 Company for conducting CSR […]
Generally, there are two types of shareholders in the company- Registered shareholder and Beneficial Shareholder. Registered shareholders are those whose names are registered as shareholder in the register of members of the company. On the other hand, beneficial shareholders are that shareholders whose name is not entered in the register of members however they hold […]
Foreign Exchange Management (Deposit) Regulations, 2016 do not allow NRI’s to hold the savings bank account in India which means banks are not allowed to accept deposits from the NRI’s in the form of a general savings account. However, Post Offices in India may maintain savings bank accounts in the names of persons resident outside India […]
As per the ICSI UDIN Guidelines, 2019, UDIN shall be generated for the following services rendered by a PCS- 1. Certification of Annual Return in Form MGT-8 under Section 92(2) of the Companies Act, 2013 and Rule 11(2) of the Companies (Management and Administration) Rules, 2014. 2. Issuance of Secretarial Audit Report in terms of […]
This article talks about the rights which are available to the flat buyers under IBC after commencement of CIRP against the builder. HOMEBUYERS AS FINANCIAL CREDITORS The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 inserted an Explanation under Section 5(8) (f) which clarified that payments made by an allottee under a real estate project would be deemed to […]
According to the Respondent, the pre-deposit cannot be equated to the output tax and this liability of pre-deposit could be discharged only by debiting the ECL as provided under Section 49(3) of the OGST Act read with Rule 85(4) of the OGST Rules.
