Ministry of Law & Justice of Government of India, through The Gazette of India, has made available THE TAXATION AND OTHER LAWS (RELAXATION OF CERTAIN PROVISIONS) ORDINANCE, 2020 on 31.03.2020, wherein through ordinance Government of India has given relaxation in various due dates and interest rates under various Acts, including Income Tax Act,1961. Relaxation is […]
Procedure and documentation for obtaining Licence of Full Fledged Money Changer (FFMC) FFMC i.e. Full Fledge Money Changer is a business under which a concern use to change the particular currency of one country into the currency of another country. This is mainly helpful in cases of tourism where the resident individuals when intend to […]
When working life gets resumed after COVID-19 lockdown, it is highly expected that the pricing and rates of real estate inventory will come down. To cope up with this situation, here are some of my recommendations:
Provident fund & miscellaneous provisions act 1952 This article gives you basic information and practical aspects of the Act. This article will help to solve majority of the minor doubts which arise while complying under the Act. Labour Laws of India refers to laws regulating labour in India. The Constitution of India gives us series […]
The COVID-19 pandemic has halted industries and businesses throughout the world. The real estate industry which is one of the top contributors to GDP and creators of employment in India is also at a standstill. With the implementation of the RERA Act in 2017, all ongoing and new real estate projects across the country were […]
Amendments in the Companies Act, 2013 and MCA relaxations due to outbreak of COVID-19 1) General circular 10/2020 & 15/2020 – Regarding clarification on spending for CSR Funds for COVID-19 & FAQs thereof : – The Ministry of Corporate Affairs via General circular number 10/2020, clarified that the amount spend on account of CSR funds […]
Every Act in one way or the other provides the authorities the power to physically Search and Seize the belongings of a person if found to be unexplanatory or in variance with the submissions made by him, and such power is undoubtedly present in the GST Act also. In this article we shall be giving […]
The Authority of Advance Ruling (AAR), Uttrakhand ruled that the transfer of under construction projects under the ‘Business Transfer Project’ is exempted under Goods Service Tax (GST).
Ministry of Finance through Central Board of Indirect Taxes and Customs have notified, certain notifications vide number 30/2020 to 36/2020 dated 03rd April,2020 giving relaxation in lieu of upcoming GST Compliances. Same are summarized below for ease of reference: Notification 30/2020-CT: Relaxation to Composition Taxpayers & ITC u/r 36(4) Notification 34/2020-CT: Relaxation to Composition Taxpayers […]
GST on Director’s Remuneration. Employee or Director or Both. Attempted to Frame 8 Issues. Resolve It Recently, the Ld. Rajasthan Authority for Advance Ruling in the matter of Clay Craft India Private Limited and Ld. Karnataka Authority for Advance Ruling in the matter of Alcon Consulting Engineers (India) Private Limited have given the ruling that […]
