Impact of GST on Bitcoin or Cryptocurrency Let we see how the traders of cryptocurrency should liable to pay GST on exchange of Cryptocurrency in India Case 1: Treating Bitcoin or Cryptocurrency as a Goods Definition of Goods and Services under GST Act’ 2017 Definition of Goods – Section 2(52) of GST Act’ 2017 “Goods’’ means […]
Is ministry of cooperation by Government of India all set to implement one nation one housing policy and start housing revolution. Like we saw in Agriculture, Dairy and Sugar Cooperative societies, Housing Cooperative societies will penetrate up to every ration shop registration and postal code and street wise and create an orderly housing available to […]
Cyber Security & Cyber Resilience framework for Stock Brokers/Depository Participants Stock brokers and depository participants perform significant functions in providing services to holders of securities. Thus, there is a need for maintaining robust cyber security and cyber resilience framework to protect the integrity of data and guard against breaches of privacy. A framework on cyber […]
The process of starting and closing a business is a legal process. In this modern era, doing business makes it easier to set up a company/branch. In view of the 2013 Company Law, winding up is the process of dissolving the legal existence of a company. In the practical scenario of the previous Companies Act, […]
Section 42 of the Companies Act, 2013 (‘CA 2013’) relating to private placement norms for issue of securities, was substituted by the Companies (Amendment) Act, 2017 w.e.f. 07.08.2018. Simultaneously, Companies (Prospectus and Allotment of Securities) Rules, 2014 was amended by the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2018 w.e.f. 07.08.2018. The amendments […]
Understanding the boundaries of Tribunal power: the importance of adhering to explicit statutory provisions.
Taxes are the largest source of revenue for the government. Taxes collected are used for governmental activities with aim of nation-building and its development. As per Article 265 of the Constitution of India, ‘No Tax shall be levied or collected except by authority of law’. India is a federal state where both the Centre and […]
This write-up covers the effect of the amendments to Section 92(3), 134 (3)(a) of the Companies Act, 2013 and Rule 12 of the Companies (Management and Administration) Rules, 2014 including the latest amendment to Rule 12 with the Companies (Management and Administration) Amendment Rules, 2021 dated 05.03.2021, and addresses the questions- “Whether an Extract of […]
TDS on purchase of goods under Section 194Q (Circular No. 13 of 2021) Article covers Section 194Q- TDS on Purchase of Goods. ( Clarifying Guideline ), Section 206C(1H) – TCS on sale of Goods, Section 206AB/206CCA – Higher TDS/TCS Rate For Non Filer of Income Tax Return and Section 194O – TDS on Payments Made […]
Learn about the simplified version of IND AS 24 & IAS 24 for related party disclosures. Get insights into the changes incorporated as per the Companies (Indian Accounting Standards) Amendments Rules 2021.
