Objective Part – 1 – Impact on domestic trade The Author, in this article, discusses the impact of recent decision of Supreme Court [SC] in the case of Engineering Analysis on domestic laws and concludes that equalisation levy will be payable on import of computer software provided the conditions are fulfilled and some impact due […]
The current article explains the structure of the Invoice Reference Number; a brief understanding of the e-invoice schema and steps to generated the Invoice Reference Number (IRN). Structure of Invoice Reference Number– Basically, Invoice Reference Number (i.e., IRN) is a 64-character long number allotted by the e-invoice portal. IRN is generated using the hash generation […]
Considering the earlier judicial pronouncement and treatment under VAT regime, the balance seems to be tilting in the favour of CERs being goods and thus subject to GST, however, GST being new law, any interpretation differing from the earlier view cannot be ruled out absolutely.
1. How to opt-in for Composition Scheme: ♦ The eligible registered taxpayers, who want to opt-in for composition scheme for the FY 2021-22, need to file FORM GST CMP-02 application, on or before 31st March, 2021, post login on GST portal. The taxpayers may navigate as follows: Log-in>Services > Registration > Application to opt for […]
Under the current scenario up to AY 2020-21, if a shareholder gets dividend from a domestic company then he shall not be liable to pay any tax on such dividend as it is exempt from tax under section 10(34) of the Act. However, in such cases, the domestic company is liable to pay a Dividend […]
Tata Consultancy Service Ltd. (TCS) is an IT sector market leader in India and is one of the largest IT MNCs in the world. The company specialises in IT outsourcing and consultancy services and has a repute for giving the best solutions to any client. It has handled many projects from the government and private […]
Overview:- In this article we shall discuss about FLA Return & Process of Filing it. FLA Return is a mandatory filling under FEMA 1999. Non-filing of the return before due date will be treated as a violation of FEMA and penalty clause may be invoked for violation of FEMA. We have come up with this […]
After clearing your tenth, you have to ask yourself the questions that lie ahead to select a specific stream. The tilt towards science will result in choosing it. The selection of the other two, i.e., arts or commerce, comes suspended by the options students have after selecting a specific option. If you are looking forward […]
Process of Incorporation of Private Limited Company through SPICe+ and frequently asked questions (FAQ) on SPICe+ As part of Government of India’s Ease of Doing Business (EODB) initiatives, the Ministry of Corporate Affairs introduced a web based incorporation service called as SPICe+. SPICe+ is one stop solution for services offered by 3 (three) Central Government […]
Dear readers, as we all know, know a day youngster are giving preference to start their own venture instead of doing jobs. Some of them have a unique scalable idea for which they require external funding like seed funding from investors. As per data available on MCA portal even during Covid period a large number […]
