Section 152(3) of Companies Act, 2013, mandate that an individual cannot be appointed as director unless allocated a DIN as per Section 154
Learn about TDS under Section 194C of the Income Tax Act, applicable when making payments in pursuance of a contract. Explore provisions, time of TDS, threshold limits, and rates for individuals and other payments. Discover circumstances where TDS is not applicable, and understand the calculation process. Get insights on specified persons, work definitions, and FAQs for clarity on compliance. Stay informed to ensure accurate TDS deduction and meet legal requirements.
Explore FAQs on MCAs V-3 portal and the 56 forms of the Companies Act, 2013, effective from January 23, 2023. Learn about changes in filing processes, information requirements, and form attachments. Get insights on the incorporation process, DSC registration, and other essential aspects of MCA V-3. Stay informed about the categorization of entities into large corporations, mid-sized corporations, and small/start-ups, each with specific compliance requirements. Stay updated on the latest amendments and procedures for a seamless filing experience.
Putting the responsibility on the shoulders of the buyers or the Chartered Accountant or Cost Accountant of the supplier is incorrect. The GST authorities are so unequipped that they can catch the persons who have not paid the taxes.
Stay updated with recent GST clarifications till January 22, 2023. CBIC empowers GST Intelligence or Audit Additional Assistant Directors, approves setting up digital forensic labs, and issues circulars on various taxability issues. Clarifications on Rab classification, GST on Dal milling by-products, carbonated beverages, snack pellets, SUVs, IGST rates, accommodation services by Air Force Mess, and incentives by MeitY to banks.
Understand the implications of non-payment of tax by suppliers and the new Rule 37A introduced by CBIC. This rule, effective from December 26, 2022, mandates the reversal of input tax credit (ITC) by a registered person if the supplier fails to file the GSTR-3B for the corresponding tax period.
Filing ITR-U Return in India: Discover the benefits, process, and additional income tax payable. Learn about the updated return facility introduced in Union Budget 2022 under Section 139(8A) for taxpayers who missed the ITR due date. Understand the conditions, benefits, and calculation of additional tax payable. Stay informed and compliant with the tax laws.
As we all know working capital plays a critical role in the functioning of a business. Processing of timely GST refunds will help your businesses and facilitate trade through the release of blocked working capital funds. In order to provide solution to the various REFUND related issues, we have come up with an integrated lecture […]
Explore the 5-year journey of GST in India with tax law professional Sudhir Halakhandi. Despite revenue success for the government, complexities persist for taxpayers and professionals. Delve into discussions on input credit, RCM, and the need for reforms. Stay informed on GST updates and challenges.
Input tax credit of goods or services covered under provisions of section 17(5) of Central Goods and Services Tax Act, 2017 is not available.
