Articles by Kush Shah

Re-Registration u/s 12AB for Trust/Institution

Kush Shah 28 July 2021 at 09:36

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.

How are Fuel Prices Determined in India?

Kush Shah 20 July 2021 at 09:22

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.

PGBP Additions and Deductions

Kush Shah 05 July 2021 at 09:00

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.

GST Applicability on Foreign Diplomatic Mission (FDM)

Kush Shah 27 June 2021 at 20:57

"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.

All about Association Clause in MOA

Kush Shah 24 June 2021 at 09:33

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.