Explore the concept of Inverted Duty Structure on the Textile Industry under GST. Learn about the governments efforts to rectify the situation, its impact on manufacturers, and the process of claiming GST refund for Inverted Tax Structure. Get insights into the required forms and steps involved in filing a refund application, along with the formula for calculating the refund amount. Understand how addressing Inverted Duty Structure contributes to a favorable business environment, encourages investment, and promotes the growth of the Textile Industry in India.
Explore the position of a Recovery Certificate Holder under the Insolvency and Bankruptcy Code, 2016. Learn about the Supreme Courts interpretation in the Kotak Mahindra Bank vs. A. Balakrishnan case, addressing issues of maintainability, applicability of limitation, and the widened scope of financial debts and creditors.
Understand the significance of the Memorandum of Association (MOA) for companies, its contents, and drafting considerations. Learn about the different clauses, such as Name, Registered Office, Object, Liability, Capital, and Subscribers, essential for a companys legal structure. Get insights into the e-governance era and the importance of E-MOA during company registration.
Explore the increased tax exemption on leave encashment for non-government employees in India. Learn about the new limit, eligibility, and implications on retirement benefits.
Government vide its notification no. 28/2023 dated 22 May 2023, introduced rule 133 under Income Tax Rules (the Rule) to provide the mechanism of calculation of the net winnings. While computing the net winnings following terms have been defined which will be used in formula for computation.
Learn how to file ITR-1 for salaried individuals in India with this step-by-step guide. Understand eligibility, gather required documents, and navigate the e-Filing portal for accurate and efficient income tax return filing.
Understand Toll Collection Rights as intangible assets under Schedule III of the Companies Act, 2013. Explore the legal treatment, taxation, and depreciation benefits for project developers. Clarifications from the Hyderabad Special Bench of the Income-Tax Appellate Tribunal are discussed regarding the nature of toll collection rights as intangible assets, despite CBDT circulars.
Explore the benefits, legal status, and exemptions of One Person Company (OPC) under the Companies Act 2013. Understand the simplified formation process, reduced compliances, and limited liability protection for members. Follow the annual compliance checklist for seamless operations.
GST was rolled out in India in 2017 but even after more than five years of implementation of GST, there are still various mysteries pertaining to the taxability, rate of tax & the classification of certain goods and services.
Explore the vast scope of the Company Secretary (CS) course, covering corporate governance, legal compliance, board support, corporate finance, risk management, and various career opportunities. Discover the diverse areas within this profession. Explore the vast scope of the Company Secretary (CS) course, covering corporate governance, legal compliance, board support, corporate finance, risk management, and various career opportunities. Discover the diverse areas within this profession.
