Let us understand some basics about registration of Designs and its related frequently asked questions (FAQs). The Designs office can assist you to search whether the design has been previously registered or not. For the same, application under Form No. 6 with requisite fees needs to be filed.
Indian bankruptcy Code 2016 is set to be a game changer providing an efficient framework to deal with business failures. The Code deals with insolvency and liquidation proceedings in a time bound and efficient manner in order to maximize best possible value of stress assets. Sections 43 to 51 and Section 66 of the Code […]
Article explains Background, Duration, Applicability, Non-Applicability and Manner of Payment under Companies Fresh Start Scheme, 2020 and LLP Settlement Scheme, 2020. It further explains about Immunity from Prosecution and Application for Issuance of Immunity Certificate under Companies Fresh Start Scheme, 2020 and LLP Settlement Scheme, 2020. S.NO. PARTICULARS COMPANIES FRESH START SCHEME, 2020 LLP SETTLEMENT […]
Taxation of a person depends on his residential status in the country. Section 6 sub-section (1) of the Income Tax Act, 1961 provides the circumstances under which an INDIVIDUAL is said to be Resident in India. Once the INDIVIDUAL is said to be resident in India, then we need to find out if he qualifies […]
Issuance of Show Cause notice u/s 73 of the Act is essential to proceed with the recovery of interest payable thereon under Section 50 and further held that Sec 75(12) of CGST Act is applicable only to the self-assessment made by the assessee and not to quantification or determination made by the Authority and hence by virtue of said section authorities are not empowered to proceed with recovery of interest without issuing Show Cause Notice on account of principle of natural justice.
Meaning of Preferential Issue: As per Regulation 2(1)(nn) of SEBI (ICDR) Regulation 2018- ‘Preferential issue’ means an issue of specified securities by a listed issuer to any select person or group of persons on a private placement basis in accordance with Chapter V of these regulations and does not include an offer of specified securities […]
History of Interest under GST When the GST got introduced from 1st July 2017, quite a number of registered persons were struggling to come to terms with the change in the systems, policies and procedures that was brought by the new regime. This resulted in some of the major compliance decisions getting impacted such as […]
On April 17, 2020, Department for Promotion of Industry and Internal Trade came up with an amendment in Foreign Direct Investment Policy, 2017 vide Press Release No. 3 (2020 Series) in order to shield the corporates from hostile acquisitions which may arise due to downward trend in the share prices of the Company. The experts […]
U/s 31(3) (e) & (f) of GST Act, 2017- says if you are paying tax under RCM (reverse charge mechanism) u/s 9(3) or (4) then you have to issue an Invoice u/s 31(3) (e) and payment voucher U/s 31(3)(f) – Be conscious in case of payments made to Advocates, Passenger Vehicles, GTA, Arbitral Tribunal, Goods […]
Two major reforms for reduction in Physical Interface and enhancing Ease of Doing Business Electronic Transmission of Out of Charge copy of Bill of Entry (eOoC) Electronic Transmission of E- Gate pass (eGatepass) *This presentation is only for training purposes – For details please refer to CBIC Circular No. 19/2020-Cus dated 13.04.2020and ICES advisory communicated […]
