As far as Fiscal Federalism is concerned, the GST Regime has brought about a revolutionary changes and it can even be seen as new chapter in collaborative federalism Justice K.M. Joseph, Supreme Court Goods and Service Tax is a Destination based Consumption Tax, so taxable jurisdiction will be the place of consumption i.e., the place […]
Electronic vehicles are one of the emerging sector to invest for. In India, various fossil fuel crisis has exacted an enormous toll on humanity and the environment—from air and water pollution to global warming. That’s beyond all the negative impacts from petroleum-based products such as plastics and chemicals. Such impacts have left the government to […]
How do you feel about the Indian economy at the moment? The Indian economy is definitely undergoing a slowdown, with Moodys downgrading India’s GDP growth rate to 6.2% against earlier projection of 6.8% for the year 2019. However as per the annual report of the Reserve Bank of India (2018-19) the current crises in the […]
During life time as person has to achieve lot of mile stone i.e His own marriage, marriage of his son and daughter, higher education, Medical exigencies, construction and Purchase of House. Besides these requirement he has also have to save money for his old age requirement when he will become to old and not able […]
It is a very common mistake at the time of submitting the TDS return that the PAN of the applicant entered wrongly, now this will make your TDS return defective and the applicant has to revise the same. TDS department will send the notice if they found PAN was wrong in the submitted return or […]
Six things which every GST registered person must do in September 2019 includes Reconciliation of ITC claimed in GSTR 3B, Reconciliation GSTR 2A with books of Accounts, Reconciliation GSTR 1 with Sales Invoices, Reconciliation GSTR 1 with GSTR 3B, Ensure filing of GSTR 1 & GSTR 3B for FY 2018-19 and Rectification of Mistakes while filing GSTR 3B.
Appointment of Statutory auditor still requires ratification at Annual General Meeting (AGM)? Effect of non – ratification of the appointment of the auditor was one of the wonders of the Companies Act, 2013. There were so many queries regarding effects of non – ratification of auditor and removal of an auditor. Now, all these long […]
New dimensions of the OPC were introduced in the Company Act 2013 by the Ministry of Corporate Affairs to provide the benefits of private company to Proprietorship firm and Individual entrepreneur. OPC is also a private company as per section 3 (1) (C) of companies Act, 2013 but in companies Act, 2013 there some benefits […]
1. Sole Proprietorship Business You have control over every aspect of the business, from the company’s finances to marketing decisions. You need no consent from partners or board members to make important business-making decisions. This lets you react quickly to market trends and other business conditions. You are not required to file formation documents with the state or local government to begin the company. […]
GST Annual return date has again been extended upto 30 Nov 2019 for the year 2017-18 due to low return filing status by the assesses and request from various organizations to extend the due date due to various complexities and lack of clarity in GST annual return and reconciliation format. Different professionals, authors, speakers on […]
