Before the GST came into force, a variety of state and central taxes were imposed on building, through the course of the construction of a housing project. While these taxes increased the cost of project development for developers, no credit against this tax was available to the builders against the output liability.
Applicability of Code of Criminal Procedure, 1973 (CrPC 1973) to the proceedings before the Special Court designated under Section 435(1) of the Companies Act, 2013 It is submitted that Section 2(29) (Definition of Court) of the Companies Act, 2013 (“Act, 2013”) has been notified on 12.09.2013 except clause (iv). Later on, in exercise of the […]
Introduction -There is a requirement to Obtain License from State Pollution Control Board before starting any unit which emits air pollutants causing Air pollution or effluents in water causing Water Pollution. -For granting license to various units, The Ministry of Environment, Forest and Climate Change has categorized industries into Red, Orange, Green and White Industries. […]
Section 143 (11) of the Companies Act, 2013 stipulates that the Central Government may order for the inclusion of statement on specified matter in the auditor’s report for specified class or description of companies. Accordingly, CARO 2016 was issued in pursuance of Section 143 (11) of Companies Act 2013 for inclusion of the matters specified therein in auditors’ report.
EXPORT PROMOTION SCHEME EXEMPTION SCHEMES Duty exemption scheme Advance Authorisation Scheme Duty free import authorisation scheme (DFIA) Duty Remission Scheme Duty Drawback Scheme (DBK) Sec. 75 customs Duty Remission Scheme under Central Excise law not applicable REWARD SCHEMES 1. Merchandise Export from India Scheme (MEIS) 2. Service Export from India Scheme (SEIS) ADVANCED AUTHORISATION SCHEME […]
Basic theme is same (i.e. Working Capital = Current Assets -Current Liabilities) but working and its Impact is totally different in both type of Industry i.e. Heavy Goods Industry & MSME Industry. Working Capital is necessary to run the Business smoothly over the period after its initial start-up. Maximum time the Entrepreneur fails to control […]
This presentation will familiarise you with the end-to-end processes involved in payment made by the Taxpayer using DRC-03 and verification of such payment made using DRC-03 and issuance of acknowledgement of Payment through DRC-04 or Conclusion of Proceeding through DRC-05 as per the Cause of Payment in the CBIC-GST application.
The Ministry of Commerce & Industry has issued a press release dated 12 Jan 2021 to give a brief on Parliamentary Consultative Committee meeting of Commerce and Industry on which was held to discuss “New Foreign Trade Policy 2021-26”. Please find below excerpts form press release for your perusal: The meeting was chaired by the Minister of State for […]
I. Introduction Standard Operating Procedures (SOPs) are the documented processes that an organization has consisting of a set of step-by-step instructions to help the employees within its organization carry out its routine operations with ease. Normally, SOPs are used demonstrate compliance with the regulation or operational practices and to document how tasks must be completed […]
Note on Prevention of Sexual Harassment of Women At Workplace ((Prevention, Prohibition And Redressal) Act, 2013 (Posh Act) BACKGROUND: The Act to prevent incidents of sexual harassment at workplace was enacted after 16 years of the Supreme Court judgment in the case of Vishaka & Ors. vs. State of Rajasthan & Ors. (1997 (7) SCC […]
