Nutrition simply means nourishment. Its not just nourishing your body but mind too. Being a company secretary by profession and also a CPD certified nutritionist too, I believe this topic is of utmost important to let people understand the importance of nutrition in our life especially for the professionals as this platform is mostly sought […]
While the high quality Ind AS Framework has comprehensive and robust accounting principles, a need was felt to provide application guidance in certain areas of accounting in the form of Frequently Asked Questions (FAQs) in the context of contraction in economic activity, disruptions in financial markets and a series of actions by government, monetary and prudential authorities. I
Before we start any discussion about the topic, the first thing that we should be aware of – What is Treasury? In simple language treasury is a fund or revenue of an organisation. Thus, Treasury Management of an entity basically consists management of its cash flows, its banking,
Section 39(1) mandatorily requires every registered person to furnish monthly return on or before 20th day of the next month. In most of the cases, when a company is undergoing Corporate Insolvency Resolution Process (CIRP in short), it becomes very difficult to for such companies to file their tax returns and pay off tax liabilities, obviously because of liquidity shortfall.
THE CORONA PANDEMIC, ITS IMPACT ON INDIAN ECONOMY AND RELIEFS GIVEN BY GOVERNMENT, RESERVE BANK OF INDIA AND RELAXATIONS IN INCOME TAX, GOODS AND SERVICE TAX AND CORPORATE AFFAIRS THE CORONA PANDEMIC:
1. The guidelines issued by the Ministry of Home Affairs (MHA) Government of India vide order no. 40-3/2020-DM-I(A) dated 15.04.2020 amongst other things specifies that all industrial and commercial establishments, work places, offices, etc. shall be required to obtain medical insurance for the workers mandatorily before starting their operations after the lockdown (refer para 21 […]
Article deals with Section 12 of the CGST Act, 2017 – Time of supply of goods, Section 13 of the CGST Act, 2017 – Time of supply of services, Section 14 of the CGST Act, 2017 – Change in rate of tax in respect of supply of goods or services and Section 148: Special procedure for certain processes
Section 17(5)(d) of the CGST Act, imposes restriction on availing input tax credit in respect of the goods and services or both received by a taxable person for construction of an immovable property (other than plant or machinery) on his own account including when such goods or services or both are used in the course or furtherance of business.
DIFFERENT SCENARIOS COVERED UNDER JOB WORK This article is intended to clarify the current issues faced by the manufacturers and job workers under GST law and covers the following aspects: 1. Meaning of job work under section 2(68) of CGST Act 2017, job worker and Principal for section 143 of CGST Act 2017 2. Registration […]
In re Anil Kumar Agrawaal (GST AAR Karnataka); Advance Ruling No. KAR ADRG 30/2020; 04/05/2020 Salary received as Director from a Private Limited Company The applicant is in receipt of certain amount termed as salary as Director of a private limited company. Two possibilities may arise with regard to the instant issue of amount received […]
