Composition Scheme is a simple and easy scheme under GST for taxpayers. Small taxpayers can get rid of tedious GST formalities and pay GST at a fixed rate of turnover. This scheme can be opted by any taxpayer whose turnover is less than Rs. 1.5 crore*.
Private Limited Company The word “Private Company” defined under Section 2(68) of the Companies Act 2013 and means a company having minimum paid up share capi..
IFRS 9 is crucial and important especially in Covid time. This IFRS application is very testing for Companies in Covid time.
The concept of appointing Key managerial Personnel (KMPs)in the case of certain classes of companies has found a place in the Statute Book for the first time through the insert of Section 203 of the Companies Act(herein after referred to as “The Act”
Key Actionable Items for FY 2019-20 before September 2020 returns
AGM due date for the FY ended 31.03.2020 has been extended till 31.12.2020 for companies.
The word "Private Company" defined under Section 2(68) of the Companies Act 2013. It is now optional to keep any minimal capital.
How Audits are Being Performed Remotely by Accountants During the Pandemic?
Real Estate is one of the most globally recognized sectors. Housing, Retail, Hospitality & Commercial are four sub-sectors of it. The growth of this sector can be seen by the growth in Corporate Environment & need for Office Spaces as well as Urban & Semi-Urban Accommodations.
For a taxpayer, it is essential to determine whether the tax paid on the inward supplies is eligible as Input Tax Credit (ITC) or shall fall within the ambit of ineligible ITC. Section 17(5) of CGST Act 2017 provides for cases wherein a taxpayer would not be entitled to claim ITC unless it falls within the exceptions as provided.
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