Section 248 -Power of Registrar to remove name of company from register of companies A company struck-off under Section 248 of the Companies Act, 2013 can be restored in the Register of Companies by an order of the National Company Law Tribunal (NCLT). Who can file an Application and Where to file an Application for […]
Article explains how to opt for the Composition Levy under GST, How to opt for Composition Levy if already registered as a regular taxpayer, How to go from regular to composition scheme in GST, When one can opt for Composition Levy, Stock Intimation and How to file Stock Intimation, returns to be filed by a […]
The application to withdraw from the Composition levy is required to be filed within 7 days from the date when taxpayer fails to satisfy any condition of Section 10 of CGST/ SGST Act or rules made thereunder or a taxpayer may also voluntarily opt out of the Composition levy by filing an application.
In addition to filing the application to opt for Composition Levy, the Migrated taxpayers are also required to file a form for Stock Intimation to furnish the details of stock including inward supply of goods from unregistered persons, held by them on the day preceding the date from which they opt to pay the composition levy.
FAQs > Filing Form GST CMP-08 General Q 1. What is Form GST CMP-08? Ans. Form GST CMP-08 is used to declare the details or summary of self-assessed tax which is payable for a given quarter by taxpayers who are registered as composition taxable person or taxpayer who have opted for composition levy. Q 2. […]
Conflict of interest (COI) occurs when an entity is in a position to exploit its official or personal capacity in some way for personal or corporate benefit. Few instances in which Conflict of interest arises under Insolvency and Bankruptcy Code, 2016 : 1. A prime example where conflict of interest can arise is between the […]
Q 1. What is meant by Compulsory Withdrawal from Composition Levy? Ans. A taxpayer can opt out of Composition levy in any of the two ways: Voluntarily opt out of Composition levy by filing Form GST CMP-04 on the GST Portal or Compulsorily removed out of Composition levy by the Tax Official at any time […]
The importance of Alternate Dispute Resolution (ADR) is burgeoning day by day, in commercial disputes, both National and International level, because the Courtroom is flooded with cases. ADR means, the dispute resolution methods available for settling disputes without squandering time and money by going through the litigation process and it ensures swift results. Section 89 […]
CBDT has issued an Instruction by which it has laid down the procedure and criteria for compulsory manual selection of returns/cases requiring scrutiny during the financial-year 2019-20.
Article explains the password combination for Opening ITR-V/Acknowledgement, Form 26AS, Any Intimation/Order and TDS Provisional Receipt/Acknowledgement and for extracting TDS Justification Report, Conso File, TDS Certificates ZIP File and 26AS ZIP File.
