No need to do reversal of ITC in case Zero rated supplies even if final product is nil rated supplies As we all know that under section 17 (2) of the CGST Act, where the goods or services or both are used by the registered person partly for the purpose of effecting taxable supplies including […]
Test of Residency for Individuals under Income Tax – A quick recap Basic Condition to be fulfilled: Under Section 6(1) of the Income-tax Act, an individual is said to be resident in India in any previous year if he: (a) is in India in the previous year for a period or periods amounting in all […]
Producer Company– A Producer Company is a form of an organization that consists of producers / farmers / agriculturalists as its members with primary objective of procurement, production, harvesting, etc of agricultural produce. It is basically a combination of a Cooperative Society and a Private Limited Company which instills the essence of Cooperative Society in […]
Majority of Builders have cheated homebuyers in many ways including not giving possession in time, giving delay possession without any compensation for delay, etc. Nowadays homebuyers are gradually becoming active and filing cases against dishonest Builders. Some homebuyers are approaching Police , some are approaching RERA Court/authority and are approaching Consumer Forum. In Consumer Forum […]
Article discusses Amendment in CGST Rules 2017 vide Central Goods and Services Tax (Fourth Amendment) Rules, 2021 as notified vide Notification No. 15/2021–Central Tax Dated: 18th May, 2021. CGST Fourth Amendment Rules, 2021 amends following GST rules- Rule 23. Revocation of cancellation of registration Rule 90. Acknowledgement in FORM GST RFD-02 Rule 92. Order sanctioning refund […]
Are you someone who runs a trust or plans to start one? Do you know that the law gives you special rebates under section 12A and 80G? Are you grasping this opportunity, or you wish to, but……..don’t know how? The government introduced specific provisions in the Finance Act, 2020, making it mandatory for charitable/religious/educational institutions/trusts […]
Registered office of the company is the official address of the company where any communication relating to the company is sent. As it is for public records therefore different Government Departments and other organizations/entities/stakeholders uses the same record to communicate with the Company.
Laws are the instruments for regulating the most volatile of all, human behaviour. Based on the basic classification of two laws, namely public Law and private Law, Administrative Law is a branch of public Law. In general, public Law is the Law that regulates the relationship between the public and the state. Administrative Law – […]
Digital India initiative times has influenced all sectors of the economy including compliance. More than ever it has become quite easy to file for a trademark digitally. You can say bye to all the hassle of printing the application and then filling it out without doing spelling mistakes. If you did then we both know […]
Stay updated on the Supreme Courts decisions regarding the extension of time limits and CBDT circulars during the pandemic.
