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All the existing trusts and institutions registered u/s 12AA shall re-register themselves u/s 12AB w.e.f. 01.04.2021. Registration granted u/s 12AB shall remain valid for 5 years.
Fuel rates are revised as per the Dynamic Fuel Price Method. This makes sure that variations of global oil prices throughout the day are transmitted and reflected to fuel users and dealers.
Discussing the things to be added or deducted from the Net Profit as per books under the head Profits and Gains of Business or Profession.
"FDMs shall be given a full refund of taxes for the underlying value of their Input Tax Credit in Procedure and Manner as may be prescribed” clarifies GST Council vide circular number 68/2018.
The individuals who want to be part of the association of persons need to sign a Memorandum of the company. This part where such signatures are affirmed is called the association clause.
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