GST : An indirect tax levied on the supply of goods and services
In India, the Goods and Services Tax (GST) is an indirect tax that takes the place of VAT, services tax, excise duty, and other indirect taxes. On 2017 march 29…
Impact of Labour Code 2022 on Indian Wage System
Labor law, also known as employment law, is a body of laws, administrative rulings, and precedents that deal with the legal rights of workers and the organizations they form. In…
ESI – Is It the Employer’s Responsibility?
Looking over whether ESI registration is an employer's Responsibility? Then here it comes: Yes, it is the responsibility of the employer to register their Establishment under the ESI Act within…
Gst On Purchase & Sale Of Second Hand Goods
As per the GST law, GST is charged on the transaction value of the goods. But, in the case of second-hand goods, the dealer can opt for the Margin Scheme…
Nidhi Company & Nidhi (Amendment ) Rules, 2022
Definitions of Nidhi Section 620A of Companies Act, 1956 "Nidhi" or "Mutual Benefit Society" means a company which the Central Government may, by notification in the Official Gazette, declare to…
Amendment In Form 3CA-3CB-3CD For The AY 2022-23
Amendment in Form 3CA-3CB-3CD for the AY 2022-23 1) Applicability of Clause 44 of Form 3cd for Ay 2022-23 Form 3CD contains ‘Clause 44’ which deals with reporting requirements related…
Do companies need to worry about Physical Verification of Registered offices?
Do companies need to worry about the latest amendment with regard to Physical Verification of Registered office by the Registrar of Companies Central Government has notified Companies (Incorporation) Third Amendment…
GST Applicability in Advance Received on Supply of Services
GST Applicability in Advance Received on Supply of Services As per Section 13 of the Central Goods and Service Tax Act 2017, the liability to pay tax on services shall…
Deduction of Tax at Source From Payment on Transfer of Certain Immovable Property
Deduction of Tax at Source From Payment on Transfer of Certain Immovable Property 1 Provisions of Section 194-IA: (1) Any person, being a transferee, responsible for paying (other than the…
Impact of GST on Banking and Insurance
With post-GST rates rising to 18% from the current 15%, both the insurance and banking sectors are set to become more expensive after July 1. The impact of GST on…
GST Applicability on Solar Power Generating System
Solar Power Solar power is the conversion of energy from sunlight into electricity, either directly using Photovoltaics (PV), indirectly using concentrated solar power, or a combination. Concentrated solar power systems…
COVID-19: MCA introduces ‘Companies Fresh Start Scheme 2020
COVID-19: MCA introduces ‘Companies Fresh Start Scheme 2020 and revised LLP Settlement Scheme, 2020 The Ministry of Corporate Affairs has introduced the “Companies Fresh Start Scheme, 2020” and revised the…