Inter-Corporate Loans & Investments by Companies under Companies Act 2013
As per Section 186(1) of Companies Act 2013 a company can make investment through not more than 2 layers of...
Month: January 2023
MCA amends Rule 14 of Companies (Appointment & Qualification of Directors) Rules, 2014
The Ministry of Corporate Affairs (MCA) on January 20, 2023 inline with the Migration of forms from its V2 Portal...
GST on Co-operative housing societies or Resident Welfare Associations
Insertion in Scope of supply making services of Societies/ RWA ( Resident Welfare Associations) taxable Section 7 (1) (aa) was...
Leave Encashment Income Tax Treatment
What is Leave encashment? Leave encashment is an equivalent amount received by an employee for the unutilized leaves during a...
Private Placement of Securities
As per Section 42 of the Companies Act, 2013 A Company may make private placement of securities only to select...
Availment of ITC under GST
Q.1 When the your supplier has NOT filed GSTR – 1 for the MONTH within DUE DATE? Impact on Recipient...
Intermediary Services under GST
An Intermediary is a person who overpass the gap between the business and its customers. In today era, the role...
Section 43B applicability on Electricity Duty payable by Electricity Distributor
Whether Section 43B is applicable on Electricity Duty payable by the Licensee Assessee being Distributor of Power and Electricity –...
Section 17(5) of GST– List of Ineligible or Blocked ITC
‘Input tax credit’ means claiming the credit of tax paid on the purchase of goods or services or both which...
Amendment In Import-Export Code (IEC) Provisions
1. The Central Government has made some amendments under Foreign Trade Policy, 2015-2020, under Chapter 1 and Chapter 2 of...