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Maximum time gap between two AGMs in case of Extension of AGM by ROC
Pursuant to a general extension granted by respective ROCs, the time gap between 2 AGMs can exceed 15 months but cannot exceed 18 months.
No GST payable on recoveries from employees towards transport facility
AAR Maharashtra vide its order GST-ARA-23/2019-20/B-46 dated AUGUST 25, 2020 in the case of Tata Motors Limited rules that no GST is payable by the applicant on the nominal amounts recovered from its employees for availing transportation service for commuting to office in view of the fact that this transaction is not a supply as being covered under Schedule III of the CGST Act.
ITC on Lift available or not under GST?
The applicant in the instant case shall not be entitled to avail input tax credit of tax paid on procuring the lift to be installed in the hotel building which in turn is intended to be used for providing taxable service, in terms of section 17(5)(d) of the CGST Act 2017.
How to incorporate a producer company in India?
A Producer Company may be referred to as a legally recognized entity of farmers with the objective of improving the standard of living.
How To Cancel GST Registration?
Taxpayers who have already registered under the GST Act can apply for cancellation of GST registration any time if they think they should close their business or in case any situation arises. Once the registration is cancelled it is no longer required to pay tax or collect tax from ordinary people.
This September - Tarikh pe Tarikh!
Krishna, half-year of 2020-21 is about to end. Along with the same, there are many due dates to be complied with in the same month. Please tell me which are those due dates? asks Arjuna
Credit & Debit Notes: Section 34 of CGST Act 2017
Any registered person who issues a credit note in relation to a supply of goods or services or both shall declare the details of such credit note in the return for the month during which such credit note has been issued
Stakeholders perception of CSR initiative
Is CSR initiative integrated @2% of Company's average net profits? Yes, it is in tandem with Companies Act, 2013 but it stretches beyond statutory boundaries and is crafted through various colors when perceived from stakeholders view
FAQs on GST e-invoice/IRN System
13 March 2021
6001 Views
e-invoicing means the invoice shall be prepared after obtaining an Invoice Reference Number (IRN) by uploading specified particulars (in FORM GST INV-01) on the notified Invoice Registration Portals (IRP).
Dont Fear Tax Audit, Know the Benefits Instead!
Tax Audit is a reporting of transactions keeping in mind different sections of Income Tax Act (ITA). The provision of tax audit is reported in Form 3CD which is prescribed under Rule 6G of the Income Tax Rules, 1962.
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