Directors of the Company are considered as its trustees. Directors are the trustees of the company’s money and property, and also act as agents in the transaction which they enter into on behalf of the company. The Companies Act, 2013, through its provisions, plays a very important role in keeping position of director intact as […]
Most of the Individual taxpayers file their own ITR themselves. Since income tax is a complex law, an ordinary tax payer is bound to commit certain mistakes while filling the ITR forms. In this article I intend to discuss some of the most common mistake committed by individual taxpayers while filling the ITR and which […]
Are CGST officers required/allowed to wear uniforms? Immediately after GST came into force, on 13.07.2017, a RTI question was asked, Under which Rule of GST or otherwise Central Excise officers are wearing uniform after 01.07.2017?
Summary of some key decisions of the Hon’ble Supreme Court of India has been provided below. Criminal law No obligation on Officer-in-charge to arrest accused when filing chargesheet nor arrest pre-requisite formality to take chargesheet on record by Magistrate In Siddharth v. State of Uttar Pradesh the Supreme Court has held that an accused is […]
e-Form MGT-14 for board resolution, even in private company, shall be filed with the Registrar of Companies within 30 days of passing of board resolution and pay fee as per the Companies (Registration Offices and Fees) Rules, 2014.
Can a common man afford the services of a Senior Advocate? Explore the accessibility of Senior Advocates in the High Court/ Supreme Court.
An interesting tug-of-war between the taxpayer and Government is already emerging and likely to escalate over coming years on the issue of applicability of interest rate @18%/24% p.a for non-reflection of Input Tax Credit in GSTR-2A/GSTR2B.
All hear about electric vehicles (EV) and their future role in decarbonizing the transport sector. Equally true is our anxiety to learn about the infrastructure development for EVs and whether we are serious about its implementation. Who are the stakeholders in developing the infrastructure for EVs? NITI Aayog in association with the Ministry of power, […]
India has always been one of largest exporting countries all around the world. With new emerging policies in India regarding exports, people are moving towards export business which helps our Indian economy and GDP to grow at a faster rate. Here we will talk about various aspects of taxation in case of export of services (including- GST, Transfer Pricing provisions, Income Tax).
GST Law’s backbone is the free flow of input credit. This allows for tax-free transactions and eliminates cascading effects. Section 17(5) of 2017 CGST Act defines certain Goods and Services as Blocked Credit. This means that a taxable person cannot claim Input Tax Credit ( ITC ) for the goods or services listed under section 17(5) of the CGST Act 2017.
