The Ministry of Corporate Affairs has issued a General Circular No. 07/2019 dated 27TH June, 2019 and has clarified the following: a) Every person who has already filed DIR-3 KYC will only be required to complete his / her KYC through a simple web-based verification service, with pre-filled data based on the records in the registry, for ease of verification by the person concerned.
Circular No.109/28/2019- GST dated 22nd July, 2019 GST on monthly subscription/contribution charged by a Residential Welfare Association (RWA) from its members:- ♣ Supply of service by RWA (unincorporated body or a nonprofit entity registered under any law) to its own members by way of reimbursement of charges or share of contribution up to an amount […]
Introduction: Real estate is one of the globally recognized sectors. Affordable housing sector got a boost with Budget 2019 and Government agenda on Housing for All. For GST purposes, let us segregate the real estate transactions into following Affordable housing segment Residential other than Affordable housing segment Commercial Apartments such as shops, offices e.t.c., Completed […]
India could face a tax landmine with authorities beginning to question input tax credit claimed by companies in lieu of Goods and Services Tax (GST) paid by their vendors. The authorities have already started sending notices to businesses, confirming fears that scrutiny will increase in the new financial year as the government looks to plug […]
The Companies Amendment Bill 2019 seeks to tighten the Corporate Social Responsibility provisions as enumerated under the Section 135 of the Companies Act, 2013 which presently requires certain classes of Companies to shell out 2% of the average net profits of the Company for the three immediate preceding years towards CSR spending. The provision also […]
Sorry, this file type is not permitted for security reasons. PE FUND TERROR IN BUSINESS WORLD Just after Cafe Coffee Day owner has gone missing and may person have committed suicide after Huge pressure from PE Fund lenders and investors, business owners are shocked by the news and are having sleepless night. In a letter […]
Supreme Court JK Jute Mill Mazdoor Morcha Vs. Juggilal Kamlapat Jute Mills Company Ltd. through its Directors & Ors. [Civil Appeal No. 20978/2017] In this matter, the AA did not admit application for CIRP filed by a trade union, which is not an OC under the Code. The NCLAT dismissed the appeal against the order […]
Both Houses of Parliament have approved the Triple Talaq Bill. The new law seeks to criminalise those who in defiance of law still resort to this practice and drive their wife to destitution. I had an opportunity to listen to the debate in Both the Houses. Strong arguments were presented on both sides. There are some basic principles to be kept in mind while analysing this issue.
Infographics as the name suggests is very versatile tool, which helps to sail smoothly “The Sea” of our profession. Let us look at some of the ways. (1) Glare at glimpses Let us begin our journey with CA journal, the basic building designed with various themes on need basis. Not only in CA journal, but […]
In August 2018, the State of Kerala faced a devastating flood due to high rainfall which was the worst flood in nearly a century. There was huge loss to the assets, revenue of the State. As a result, the State of Kerala proposed for levy of additional cess in GST which was approved by the GST council in its 32nd Council meeting held on 10th January 2019.
