Highlights of recommendations of 43rd meeting of GST Council held on May 28, 2021 The 43rd meeting of GST Council held under the Chairmanship of Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman through video conferencing on May 28, 2021. The meeting was also attended by Union Minister of State for Finance & […]
According to Section 2(76) of The Companies Act, 2013, related party”, with reference to the company means: (i) a director or his relatives (ii) a Key Managerial personnel or his relative (iii) a firm, in which a director, manager or his relative is a partner (iv) a private company in which a director or manager […]
43rd Gst Council Meeting on 28.05.2021 GIST OF DUE DATES OF GST COMPLIANCES For Turnover AATO upto Rs. 5 crores but filing monthly 3Bs Tax period Original Due Date Upto Next 15 days Upto Next 45 days After 60 days of original due date March 2021 QRMP Jan-Mar 2021 20.04.2021 05.05.2021 19.06.2021 — Interest Nil Nil […]
Summary of Key Decisions/Changes Made at 43rd GST Council Meeting held on 28th May 2021 GST Council has taken some necessary decisions in this 43rd Meeting. Though nothing about inverted tax structure has been amended in this meeting, but a lot of representations from different trade associations has been considered. The Key highlights of the […]
In this article, I will discuss the top 10 points to make money in Intra day trading. If you will use the points mentioned below properly, it will definitely help you to grow your small demat account. 1. Control your emotions 2. Do Paper Trading 3. Do not invest all you have 4. Accept the […]
To give relief to small taxpayers from maintenance of books of account and from getting the accounts audited, the Income-tax Act has framed the presumptive taxation scheme u/s 44AD, 44ADA and 44AE. Computation of Business Profit on Presumptive Basis [Sec. 44AD] Applicable to : A resident individual, resident Hindu undivided family or a resident partnership […]
Relevant Provisions: Section 61 r/w 64 of Companies Act of 2013, Rule 15 of Companies (Share Capital and Debenture) Rules of 2014 Types of alteration of capital clause in the general meeting of a company limited by shares as per section 61 (1) of the Companies Act, 2013 can be enumerated as below: – increase […]
1.0 Background of 43rd GST Council Meet: – The GST Council has last met on 5th October, 2020, it had been more than half year that GST Council has met to discuss the trade facilitation measures on account of 2nd wave of COVID – 19. The 43rd GST Council meeting was highly requested from trade […]
In this article, we shall be discussing that what is the CSR-1 Form and what documents are required to be attached along with these form and what are the pre-requirements for the NGOs/ Trusts and Section 8 companies for filing of the CSR-1 Form E Form CSR-1 After the publication of the Notification by Ministry of […]
Analysis of Recommendations of 43rd GST Council Meeting Held on 28th May 2021 A. ANNUAL RETURN FOR FINANCIAL YEAR 2020-21: The following changes will apply for Annual Return for FY 2020-21: a. The filing of annual return in FORM GSTR-9 / 9A to be optional for taxpayers having aggregate annual turnover upto Rs 2 Crore; […]
