Yes! You read it right. This article makes an attempt to analyze the Code on Wages (Code) and the impact of the same on take home salary- The Code on Wages has been introduced aiming to streamline and simplify the existing labour laws. It was passed by parliament in 2019. The Code will subsume the […]
♦ What does charitable activity mean under GST Act? The Goods and Services Act also specifies the criteria to be called a charitable activity. They are: I. Public Health by Way of: (A) Care or Counselling of Terminally Ill Persons or Persons with Severe Physical or Mental Disability; Persons Afflicted with HIV or AIDS; Persons […]
The last budgetary changes, one leap ahead on the path of ease of doing business, has brought much needed respite to the importer of recovered waste paper by switching over from tedious practice of submission of utilization certificates in the form of End Use Certificates to trust based and self-regulated compliance. In this expatiation below, […]
Format of Documents required for Appointment of Director from Back-End when current Directors are disqualified under Section 164(2) of Companies Act, 2013. Below List of Documents need to be submitted to RoC Physically:- 1. Application Letter to RoC for Appointment of director from Back-End. 2. Notice for AGM / Extra-ordinary general Meeting (as the case […]
Pursuant to section 148 of the Company Act 2013 read with Cost (Records and Audit) Rules 2014 for appointment of Cost auditor in the company: Every company specified in item (A) of rule 3 i.e, of Regulated sectors having overall annual turnover of the company from all its products and services during the immediately preceding financial […]
It is stated that the GST Council in its 9th meeting held on 16.01.2017 had discussed and it is clarified that the officers of both Central tax and State tax are authorized to initiate intelligence-based enforcement action on the entire taxpayer’s base irrespective of the administrative assignment of the taxpayer to any authority. However, what […]
Upon reading of the heading, one may feel that what could be issues faced by SEZ unit as they can procure the goods without payment of GST and export their supplies without payment of GST. SEZ units are facing many issues in GST regime due to lack of co-ordination between the associated enactments, GST portal […]
As a taxpayer, you might be claiming various expenses and exemptions to lower your income tax liability, but do you know that there are certain deductions that you can’t claim unless you have actually paid for them. In this article will understand those deductions and discuss the income tax provisions laid out under Section 43B […]
The complexities of UAE VAT regime and the Federal Tax Authority or FTA’s current targeting for tax evasion and avoidance means tax disputes are increasingly arising. There will be instances wherein you disagree with an assessment or decision that is made by the local tax authority. If you are in complete disagreement with a certain […]
GST Charcha on Union Budget 2021: GST leviable on services provided by Club or Association to its members? The Hon’ble Finance Minister, in Budget 2021-22, hailed as a ‘development-oriented’ and ‘visionary’ budget amid the pandemic-induced disruptions, inter alia, announced multiple changes to the Goods and Services Tax (GST) framework. The changes have been proposed vide […]
