Clarification on GST for proprietors renting residential dwellings for personal use. Exemption extended to registered proprietors renting for their own residence, effective from 18.07.2022. GST not applicable to proprietors’ personal usage. Retrospective application allows refund claims for wrongly paid GST. Note The clarification doesnt explicitly cover registered partnership firms/companies renting for partners/directors residence, subject to reverse charge mechanism. Stay informed for accurate GST compliance.
Understand the intricacies of RBI reporting through Form FC-TRS, focusing on the transfer of shares between residents and non-residents in India. Explore the mandatory filing requirements, documents needed, and the reporting process. Discover the implications of late filing and instances where FC-TRS reporting is not applicable. Stay informed to ensure compliance with the Foreign Exchange Management (Transfer or issue of Security by a Person Resident Outside India) Regulations, 2017.
Explore the implications of retrenchment on the Indian economy, driven by global cost-cutting measures amid the economic fallout of the COVID-19 pandemic. Understand the expected impact on unemployment, particularly in sectors like IT, telecom, automotive, and banking. Discover how government initiatives such as Pradhan Mantri Garib Kalyan Yojana and Atma Nirbhar Bharat Yojana aim to address job security. Assess the long-term challenges for India’s economy and the need for comprehensive policies to mitigate the effects of retrenchment.
Summary of Contents of Notice dated 18.01.2023 issued by the Ministry of Corporate Affairs to invite comments from public on changes being considered to the Insolvency and Bankruptcy Code, 2016 The Ministry of Corporate Affairs (MCA) vide Notice dated 18.01.2023 invited comments from public on changes being considered to the Insolvency and Bankruptcy Code, 2016 […]
Compounding of Offences Under the Companies Act, 2013 The Companies Act, 2013 provides for the compounding of certain offences committed by companies or their directors, officers, and other employees. The Act empowers the National Company Law Tribunal (NCLT) or the Regional Director (RD) to compound the offences committed under the Act. The compounding of offences […]
In emerging solutions to mitigate the risk of climate change, reduce greenhouse gas emissions & reduce the burning of fossil fuels electric vehicles emerged as sustainable & inclusivity solutions for the planet & people but are the electric vehicles sustainable at a ground level let’s demystify the intricacies of electric vehicles.
Under the Companies Act, 2013, the Odisha High Court rules that an assessee cannot claim a supplementary refund based on a fresh calculation after the processing of the original refund application. In Vedanta Ltd. vs. Union of India, the court states that when Input Tax Credit (ITC) is claimed for multiple units under a single GSTIN, the assessee cannot seek supplementary refund by treating each unit as a separate entity.
Trust is governed by Indian Trust Act, 1882 while Societies are governed by Societies Registration Act 1860. At least 2 trustees are required to register a public charitable trust In general.
Explore the comprehensive Company Secretary services, a one-stop solution for compliance and governance. Learn about the crucial role of a Company Secretary in ensuring legal and regulatory compliance under the Companies Act, 2013. Discover the range of services offered, including tax planning, accounting, trademark registration, and GST compliance.
Discover the crucial role of a Company Secretary (CS) in ensuring compliance with legal and regulatory requirements under the Companies Act, 2013. Learn about their responsibilities, advisory role in governance, and contributions to Corporate Social Responsibility (CSR). Prakasha And Co, a team of experienced Company Secretaries in Bangalore, offers expert compliance and governance services.
