♦ The GSTN has enabled a new feature that requires the taxpayer to select one core business activity on the GST Portal. ♦ Taxpayers are required to select their business activity only once, as – Manufacturer, wholesaler /Distributor/Retailer, service providers & others post login based on highest turnover amongst them. This can also be changed later. ♦ Core […]
Important GST Compliances for April 2021 with due dates Being the first month of the financial year 2021-22, April 2021 is a significant month from the point of view of the tax compliance and other statutory requirements as well as the due dates for GST return filings. 10th April 2021 The due date for filing the GSTR-7 […]
The Hon’ble Delhi High Court in TMA International Pvt. Ltd. & Ors. v. Union of India & Anr. [W.P.(C) 2694/2019 & CM No. 26556/2020, dated March 26, 2021] directed to Revenue Authorities to grant refund claim of Integrated Goods and Services Tax (IGST) to the assessee by April 26, 2021 along with interest @ 7% […]
Fixed Income Investments are those which provide Income by way Interest on periodical basis along with the Principal amount at the maturity. Seems well, as we get fixed assured Income and Capital Amount. But there exists invisible Risk. Assured Fixed Income Investments also one of the riskier Investments as the Investment Blocked at the Interest […]
𝐇𝐒𝐍 / 𝐒𝐀𝐂 𝐂𝐎𝐃𝐄 𝐌𝐀𝐍𝐃𝐀𝐓𝐎𝐑𝐘 𝐅𝐑𝐎𝐌 𝟎𝟏𝐬𝐭 𝐀𝐏𝐑𝐈𝐋 𝟐𝟎𝟐𝟏 The Taxpayers whose aggregate Turnover is up to Rs. 5 crores in the preceding Financial Year HSN / SAC code of 4 digits is mandatory for all the B2B tax invoices and optional for B2C tax invoices on the supplies of Goods and Services. The Taxpayers […]
Sec. 62(1)(a) of Companies Act 2013 Right issue means offering shares to existing members in proportion to their existing share holding. Thus it is an invitation to the existing shareholders to buy new shares in their proportion of existing shareholding. Equal distribution of shares and proportion of voting right is not affecting by issue of […]
The IRDAI and Insurance Law updates provides synopsis of the introduction, amendments and changes brought by the Government and IRDAI in the previous quarter ended on (31st March 2021) is being published in this bulletin. 1. IRDAI has issued Circular No. IRDA/ACT/CIR/MISC/001/01/2021 dated 1st January,2021 for providing clarification on IRDAI(Assets, Liabilities and Solvency Margin of […]
It is very much important to Understand the concept of ‘Contract of Employment’ and ‘Contract for Employment’. You can relate these concepts in different context and cases. What is “Contract of Employment” and “Contract for Employment” Contract of employment: In a contract of employment there is an employer and an employee relationship between the parties. […]
New form for application for registration of Charitable or Religious Trusts or Institutions In the Union Budget of 2020, Government proposed significant changes in the registration procedure of Charitable or Religious Trusts/ Institutions or Educational Institutions which are registered under section 12AA of the Income Tax Act. The above amendment was subsequently made part of […]
Unimaginable situations can take place at any given hour. Such circumstances may cause havoc in your as well as your loved ones’ life. We hope not, but say something serious happens to you? Whether be it a critical illness or an accident, all your plans for the near future may get disrupted, and your loved […]
