Articles by Kush Shah

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

Posted by Kush Shah 04 August 2021 12409 Views

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?

Posted by Kush Shah 20 July 2021 2573 Views

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

Posted by Kush Shah 07 July 2021 3143 Views

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)

Posted by Kush Shah 02 July 2021 2840 Views

"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

Posted by Kush Shah 24 June 2021 2993 Views

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.