All about filing of eForm CSR-1 (Registration of Entities for undertaking CSR Activities) Law(s) Governing the eForm CSR-1 Section and Rule Number(s) eForm CSR-1 is required to be filed pursuant to Section 135 of the Companies Act, 2013 and Rule 4 (1) and (2) of the Companies (Corporate Social Responsibility Policy) Rules, 2014. Purpose of […]
GSTR 1, 2, 3 (old filling system) was a fiasco not just because of technical glitches, or portal failure also It was failure because No taxpayer has these much time to work out “accept – reject” his Inward invoices. Imagine if it is more than even 100 invoices. Imagine the stress & wastage of time if invoices […]
Last year, Government implemented TCS provision u/s 206C(1H) for `Seller of Goods’ on Receipts/advance from/for Sales of Goods, exceeding Rs. 50 Lakhs as consideration, during a financial year. “Seller” means a person whose total sales, gross receipts or turnover from the business carried on by him exceeded ten crore rupees during the financial year immediately preceding the financial […]
The definition of ‘Person’ in Section 2(84)(i) of the CGST Act, 2017 specifically includes a co-operative society registered under any law relating to co-operative societies. Thus a registered co-operative society is a person within the meaning of the term in the CGST Act.
Limited Liability Partnership is a business entity which is registered with the Ministry of Corporate Affairs (MCA), it is also a body corporate and can do any business activities which are legal in India. The business includes trading, manufacturing, service provider, professional services etc. but certain activities cannot be adopted without prior approval of the […]
Corporate Social Responsibility (CSR) The Companies Act 2013 (Companies Act) has introduced several new provisions which transpiration the squatter of Indian corporate business. One of such new provisions is Corporate Social Responsibility (CSR). The concept of CSR rests on the ideology of requite and take. Companies take resources in the form of raw materials, human […]
All about Dynamic QR Code on B2C invoices- Latest Notification No. 06/2021 – Central Tax Dated- 30th March, 2021 The QR Story:- The story started for QR code as early as 28/June/2019, when for the first time, ‘QR’ found a mention in the Rule 46, as its 6th proviso. Interestingly, notification 31/2019 (CGST 4th Amendment […]
The Operation of the company revolves around the presence of shareholders and the Directors of the company. The shareholders of the company provide Funds to the directors and the directors use these Funds to perform the business operations. The profits arising out of such business operations are distributed to the shareholders in the form of […]
In The Union Budget 2021, the Finance Minister Nirmala Sitharaman had proposed a major change in companies Act, which is related with Status of Small companies, which is being determined by its capital and turnover. Hence, in the budget, the limits of paid up capital and turnover had been raised from the existing, ruining lakhs […]
Filing of Form CSR-1 with the Registrar of Companies (MCA) for registration of entities for undertaking CSR Activities: Form CSR-1 is required to be filed pursuant to Section 135 of the Companies Act, 2013 and Rule 4 (1) and (2) of the Companies (Corporate Social Responsibility Policy) Rules, 2014 as amended/substituted by the Companies (Corporate […]
