A Will and A Living Will: A Living Will is a contradiction in terms. A Will, as commonly known, is a compendium of your wishes when you are alive that are expected to get activated on your death. A Living Will on the other hand, is a collection of your instructions and wishes on mostly …
Introduction: The Government of India has specified the due dates to pay Goods and Services Tax. The due date to pay GST is different for different types of taxpayers. If one fails to pay GST within the due date, one must pay the interest along with the GST dues for the delay period. Relevant …
In the world of GST regulations, compounding of offences provides a unique mechanism for defaulters to escape major legal consequences. This article delves into the concept of compounding offences under the GST Act, 2017, elucidating the process, eligibility conditions, compounding charges, and various aspects of classification. Relevant Legal Provisions under GST: Chapter XIX of the …
In India every company incorporated under the Indian Companies Act, 2013 and erstwhile Act of 1956, which is limited by shares, is required to issue certain types of securities to its stakeholders, viz. equity shares, preference shares, debentures etc., depending upon various factors. These securities are issued by the Company either in physical or dematerialized …
Webinar on ‘Impact of decisions of 53rd GST Council Meeting & Landmark Decisions’ on 3rd July 2024 @ 3.00 PM Click here for registration:
Watch ‘Prospectus and Allotment of Securities Rules 2023 of the Companies Act 2013’ by CA Sharvan Biyani, Sr. Advisor, Bizsolindia Services Pvt. Ltd.
Click on the below link for summary of various circulars dated 26-Jun-24 issued by CBIC based on recommendation of 53rd GST Council Meeting: Summary of 16 GST Circulars issued on 26-06-2024
Click here to read Updates on 53rd GST Council Meeting
Watch ‘Legal Validity of issuing Second Notice for Same Assessment Year – Section 148 of the ITA’’ by Adv Nidhi Nawal, Director, Bizsolindia Services Pvt. Ltd.
Article on “Expectations from forthcoming 54th GST Council Meeting scheduled on 22nd June 2024” by CMA Ashok Nawal, Founder of Bizsolindia Services Pvt. Ltd. This is the long pending meeting after a long gap and lot of expectations from this meeting, since it is held just before the Indian Budget 2024-25 expected to be in …
Introduction: The Government of India has specified the due dates to pay Goods and Services Tax. The due date to pay GST is different for different types of taxpayers. If one fails to pay GST within the due date, one must pay the interest along with the GST dues for the delay period. Relevant Legal …
By the time you read this piece you would have already elected a new government to rule over you for the next five years, at the least. As always, there are also a number of intermediaries facilitating this process. For the purpose of what I want to say here, let me confine myself to the …
6 out of 10 GST taxpayers have completed their “GST Departmental Audit”. Followed by various observations like GSTR-2A reconciliation issues, Input tax credit availed from non-genuine taxpayer or registration canceled vendor, ITC reversals on account of Credit notes appearing in GSTR-2A, mismatch in Outward supplies vis a vis E-way bill issued, Wrong classification of goods, …
Introduction A debit note is a commercial document commonly used in business-to-business (B2B) transactions, which can be utilized by either buyers or sellers to address the amount owed for the sale of goods or services. Essentially, it serves as an additional note associated with an invoice, typically indicating the necessity to adjust the invoiced amount. …
Introduction: Arguably, one of the most difficult relationships in the corporate sector in India is in the sphere of work ethics involving workmen who are constantly called upon to deliver up to the required standard of efficiency and the management who is tasked with the duty of ever greater performance all the time. In the …
The Fiscal Responsibility and Budget Management Act (FRBM Act) of 2003 is an Act of the Indian Parliament that aims to improve the management of public funds, reduce the fiscal deficits, and strengthen fiscal prudence. Mr. Yashwant Sinha, the then Finance Minister of India introduced the Act in Parliament. The Act carried with it a bouquet …
There was a time, not long ago, the English were only too happy and willing to go to any of the third world countries and pitch their tents there. Now they have come a full circle. Now they do not want to go anywhere; but they do not want anyone to come to their land …
Now a days India is moving forward with environmental sustainability at a fast pace, as are many other countries. Compliance with Extended Producer Responsibility (EPR) is an essential component of this journey. As per Annual Report 2020-21 by CPCB estimated plastic waste generation during the year was approx. 41,26,997 TPA (Tons Per Annum). An EPR …
Notification No. 71 / 2023 dtd 11.03.2024 issued by Ministry of Commerce and Industry to clarify enabling provisions for import of inputs that are subjected to mandatory Quality Control Orders (QCOs) by Advance Authorisation Holders, EOU and SEZ, which provides Appendix 2Y of Foreign Trade Policy indicating products covered under Quality Control Orders issued by …
The long-awaited support and advantage needed to bolster Export Oriented Units (EOUs), Advance Authorization Holders, and Special Economic Zones (SEZs) has finally been granted by the government. This extension was announced through notification no. 70/2023 dated 8th March 2024, effective for a period of six and a half months, from 11th March 2024 to 30th …
