Introduction What is the need for Zero Rating? As per section 2(47) of the CGST Act, 2017, a supply is said to be exempt, -when it attracts nil rate of duty or -is specifically exempted by a notification or -kept out of the purview of tax (i.e. a non-GST supply). When a good or service […]
House is one of the most precious possession of a human being. It involves a lot of hard work and years of determination. Everyone wishes to have a beautiful and good house. No one likes to live on rent. But unfortunately, not all people get the opportunity to build their own houses. The reason behind […]
The Uttrakhand High Court has on 29th August 2020 passed a landmark judgment in a case maintaining that Section 13 of the Hindu Marriage Act prescribes a provision for divorce and recognizes cruelty but doesn’t limit to just physical cruelty on the part of the spouse as a ground for divorce. Thus, cruelty shall include physical as well as mental cruelty as a ground of divorce. The Uttarakhand HC […]
Arjuna,the faceless scheme aims to eliminate the human interference between the taxpayers and the Income Tax department. There are Regional Assessment Centres, which would consist of Four Major Units – Assessment unit, Verification Unit, Review Unit & Technical unit. All Actions of AU,VU, RU & TU Officers are approved by the respective range heads.Drafting of notices would happen in one city, review in another, & finalisation in third city, attaining the objective of fair & just order.
SFT return is mandatorily to be filed by all persons having bank transactions above Rs. 30 lakhs, all professionals and business having turnover above Rs 50 lakhs & payment of rent above Rs. 40,000.
Arjun (Fictional Character): Krishna,the taxpayer’s charter has been announced the by PM Modi on 13th August 2020. What is it about? Krishna(Fictional Character): Arjuna,PM Modi divulged the taxpayer’s charter by introducing the charter platform as “Transparent Taxation – Honoring the Honest“, that focuses on faceless assessment and faceless appeals.The aim of the charter is that […]
SEBI which has done great services to our nation through regulating the business in stock exchanges, securities markets, and various other functions contains in its web site the history of the Indian securities market over the last century. This article intends to introduce you to various historical narratives that led our nation through a century […]
Procedure For Incorporation of Limited Liability Partnership (LLP) Through Fillip A Limited Liability Partnership is a partnership firm registered under the Limited Liability Partnership Act, 2008 as a separate legal entity. LLP offers the partners to enjoy the benefits of limited liability at a low cost. PROCEDURE FOR INCORPORATION: Acquire DSC of any Designated Partner; […]
The company form of business organization came into existence because of the defects of the sole proprietorship and partnership form of business organization. As the business expands, it requires huge capital investment and expert professional management and it also involves huge risk. Sole proprietorship and partnership forms of business organization cannot meet these requirements due […]
In accordance with Notification No. 11/2017- Central Tax (Rate) dated 28th June, 2017, GST under Reverse Charge Mechanism is payable on supply of services by a goods transport agency (GTA) in respect of transportation of goods by road to- -any factory registered under or governed by the Factories Act, 1948(63 of 1948);or -any society registered […]
