E-invoicing under GST
Content: Q. Which businesses are required to generate e-invoices now? Q. Which businesses are not required
Six important changes in the GST rules w.e.f. 01.01.2021
Content: The CBIC Provisional credit (i.e.10%) reduced to 5% under Rule 36(4) w.e.f. 1 January 2021
ITC reversal on sale of Shares/ Mutual Funds
Content: Introduction Legal provisions Conclusion Introduction: In GST regime as well as in the previous regime,
Interest when GST paid within due date but return filed late
Interest not payable if GST return filed belatedly but amount deposited in Cash Ledger within due
Procedure for Shares issue through Right Issue
To raise subscribed share capital of a registered Company, additional capital shares are issued through Right Issue.
Procedure for Issue of Shares on Preferential Basis Under Companies Act
According to the Companies Amendment Act 2017, a Company can raise funds or Capital mainly in
Deep Insight into Registration of Charges as per Companies Act, 2013
A company needs funds and ROC for diversification, expansion or for financing various projects. For this,
How can a Foreigner start a business in India?
India welcomes citizens of almost all countries to invest in India. However, with effect from 17
Key Features of Companies Amendment Act, 2020
The Lok Sabha on 19th September, 2020 has passed The Companies (Amendment) Bill, 2020 that decriminalizes several compoundable offenses.
How can a company take Loan from directors and relatives and shareholders? Read to find out
There are several ways by which a company can raise long-term capital, e.g. issue of equity
How to close a Private Limited Company in India?
Businesses can collapse like a house of cards, so it is better to close down the
Concept of Conversion of Loan into Equity share Capital as per Companies Act, 2013
The issue of shares has always been debatable under Section 62 of the Companies Act, 2013. To
Documents Requirement to set up an Indian Company
Picking the right company structure for your business is as important as any other business-related activity.
Tax Audit U/s 44AB of Income Tax Act, 1961
Tax audit was introduced in the year 1984. The main purpose was to ensure the accuracy
Consequences of non- payment of outstanding Annual Listing Fees for FY 2020-21
What is an annual listing fee? Every listed company are required to pay an annual listing
Restriction on cash transaction of ₹200000 or more in income
Contents: What do you mean by section 269ST? What does section 269ST say? Non- applicability of
Extraordinary general meeting under Companies Act, 2013
Contents: What is extraordinary General Meeting (EGM)? What provision covers Extraordinary General meeting related matters? When
Are the gifts received on Deepawali tax- free in your hands?
Contents: Tax provisions about gifts Exclusions of certain gifts Gifts received by persons engaged in business
Set-off & carry- forward of losses under Income- Tax Act, 1961
Contents Loss from Business/ profession (Sec 72) Loss from a house property (sec 71B) Loss from
Order for Cancellation of GST Registration in Form GST REG-19
In this case, either the taxable person is no longer liable to be registered under Goods
GST Refund on Tax paid on an Intra-State Supply which is subsequently held to be Inter- State Supply & Vice Versa
Frequently Asked Questions When refund application can be filed using reason as ‘Refund on tax paid
Extended due dates chart under the Income Tax Act- 1961
Due to Covid-19 pandemic, all the due dates are revised and the compilation of all the
Analysis of section 172 applicable on Profit of foreign Shipping Company
Contents Introduction of shipping business Disallowance of expense on account of Non- deduction of TDS Deemed
Prepay the home loan or invest the surplus?
Usually the question raises in minds of many home- loan borrowers after accumulating some cash that
Different forms of business organizations
The most popular types are business organizations include: Sole –proprietorship One Person Company Partnerships Limited Liability
How to fill ITR 3 from Tax Audit Report – An analysis
In case of assessee who has to obtain and upload Audit report under section 44 AB
Income Tax on sale & Purchase of Motor Vehicle in India
Content What do you mean by Motor Vehicle? Tax on Sale of Motor Vehicle Tax on
Availability of ITC in case of sale, merger, demerger, amalgamation, lease or transfer of the business
For availing the benefits of synergy, there is need for change in the organizational structure or
Types of GST Audit under CGST Act, 2017
Content Normal audit under section 35(5) Audit by tax authorities under section 65 Special Audit under
10 common mistakes made by a Taxpayer in GST
Taxpayers and Tax Practitioners both commit some errors or mistakes in the filing of GST Registration
What is Matching Concept under Goods and Services Tax
The concept of Matching forms the backbone of ITC (Input Tax Credit) under the GST regime.
Highlights of 42nd GST Council Meeting
Content: Levy of Compensation Cess to be extended beyond 5 years Centre to Release Compensation to
Analysis of Composite & Mixed Supply in GST Section 8
Content Composite supply What is composite supply? What is meant by Principal supply? Analysis of provisions
All you need to know about E- invoicing under GST with effect from. 01/10/2020
Content What is E- invoicing? Who is required to generate E-invoice? Who is not required to
Board Meetings & Restrictions on Powers of Board of Directors
The Board of Directors of a company is primarily an oversight board. The main motive of
Extension of various compliances by Ministry of Corporate Affairs
The Ministry of Corporate Affairs has made a further effort to encourage a greater deal of
How to make correction/ revision in salary details of E-TDS return already filed?
Content Can I update a salary detail? How can I update a salary record? Can I
How to draft CIT/ITAT Appeal & Procedure
Content Procedure in appeal Appeal fees Presentation of appeal Time for filing an appeal Delay in
Section 80D Deduction- Medical Insurance Premium
Due to Covid-19, many people are purchasing health insurance policies and premium paid on these policies
Income tax TCS under Section 206(1H) W.E.F 01/10/2020
Basic features: This section is applicable only in case of seller whose total sales, gross receipt
Ways to get away from late fee under GST
Content What is late fee under GST? On which date late fee shall be applicable under
How to register Digital Signature for e-filing of Income Tax Returns
How to register Digital Signature for e-filing of Income Tax Returns using USB e- token: A
Income tax late fee and interest on delay in filing ITR
The Ministry of Finance announced the extension of the last date of filing Income Tax Return
Impact of Measures Announced in Response to spread of Covid-19 on corporate Compliances
Central government, State governments, RBI, SEBI, and Ministry of corporate affairs (MCA), ICSI and ROC have
What is form 16 under income tax Act 1961
Content What is Form-16? What is the due date of issuing Form -16? What are the
Income tax on Cashbacks, Rewards, E-wallet and Online payment
As we all know that digitalization has gained much importance now days. Entry of new players
“RISKS” AS IN INTERNAL AUDIT
Risk is defined as ‘the possibility of an event occurring that will have an impact on
Tds on Payment by E-commerce operator w.e.f 01.10.2020
The Finance Act, 2020 has introduced a new Section 194-O for deducting 1% TDS on payments
