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The Companies (Auditor's Report) Order, 2020
The Companies (Auditor's Report) Order, 2020 This Order may be called the Companies (Auditor's Report) Order, 2020. (2) It shall apply ...

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Disclosure requirement under Revised Schedule III of the Companies Act, 2013
Disclosure requirement under Revised Schedule III of the Companies Act, 2013 Schedule III of the Companies Act, 2013 amended and w.e.f. 01/...

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e-Assessment Procedure under Income Tax Act, 1961
e-Assessment Procedure under Income Tax Act, 1961 The main procedure for e-Assessment under new scheme of face-less, jurisdiction-less and paper le...

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An introduction to e-Assessment under Income Tax Act, 1961
  Preface: The new scheme of face-less, jurisdiction-less and paper less e-Assessment 2019 has been notified by the Ministry of Finance vide ...

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GSTR-2B for the month of July 2020
Launch of GSTR-2B for the month of July 2020   The GST Council, in its 39th meeting held on 14t...

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Insolvency and Bankruptcy Code as amended by Amendment Act, 2018 : Day to day practice management
Section 2: Applicability of Insolvency and Bankruptcy Code to Individual Guarantor of Corporate Debtor The section 2 has been amended and now the p...

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Sahaj Return (FORM GST RET-2) (Quarterly)
Note on GST Sahaj Form   Taxpayers opting to file quarterly return as ‘Sahaj’ shall be allowed to declare outward supply under B2...

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Guidance Note for Importers and Exporters under GST
  Guidance Note for Importers and Exporters under GST I. Introduction: The purpose of this guidance note is to bring clarity about the impac...

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Transitional Provision under GST
1. General provisions Notwithstanding anything contained elsewhere in the Act and until specifically so or otherwise prescribed or notified or don...

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GST on Import
GST on Import   The import of goods has been defined in the IGST Act, 2017 as bringing goods into India from a place outside India. All imports...

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GST on Import
GST on Import   The import of goods has been defined in the IGST Act, 2017 as bringing goods into India from a place outside India. All imports...

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Rules of Input Tax Credit under GST
1. Documentary requirements and conditions for claiming input tax credit (1) The input tax credit shall be availed by a registered person, includin...

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Refund under GST Law
Refund under GST Law 1. Application for refund of tax, interest, penalty, fees or any other amount (1) Any person, except the persons cover...

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GST Rules for Determination of Value Supply
Determination of Value of Supply   Value of supply of goods or services where the consideration is not wholly in money Where the supply...

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Rule for TAX INVOICE, CREDIT AND DEBIT NOTES under GST w.e.f.18/05/2017
Rules for Tax Invoice, Credit Note and Debit Note under GST 1.Tax invoice   Subject to rule 7, a tax invoice referred to in section 31 shal...

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A Chartered Accountant or a Consultant: a debate?
Preface:   It is always a debate whether to hire a Chartered Accountant or a consultant for renders service to a client. Mostly, the client is ...

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One Person Company under Companies, 2013: A small step towards Giant leap
Back Ground:   Companies Act, 2013 introduced new form of Company called One Person Company. Under the Companies Act, 1956 every person who wa...

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Wealth creation through Investment in Modern Era
Brief Background   Generally when people are advised to do investment planning or think about starting an investment, they feel investment me...

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Features of The Black Money (Undisclosed Foreign Income and Assets) And Imposition Of Tax Act, 2015
  Background   The Black Money (Undisclosed Foreign Income and Assets) And Imposition Of Tax Act, 2015 provides for separate taxation o...

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Corporate Social Responsibility
Brief note on Corporate Social Responsibility under Companies Act, 2013 Section 135: Corporate Social Responsibility 1. Every Company having &n...

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