APPLICABILITY – TO WHOM IT IS APPLICABLE?
Every company (other than Government Company) which has accepted loans / deposits / share application money or money through any other mode is required to do compliance by filling DPT-3 form with Ministry
VAT Refund scenario generally exists where the industries are in zero rated VAT Rate slab or at the inception stage of company where generally expenses or capex are incurred till operations start full fledge.
A Taxable Person may claim a
Since the inception of GST both the taxpayers and the GST Portal have been facing numerous issues ranging from technical lapses to procedural ambiguity. Even before these problems are resolved, taxpayers have started receiving notices in Form GST ASMT-10 issued
What is Winding Up?
A company may wind up its affairs if it is unable to carry on its business, or it is not able to meet the financial obligation, etc. A company shall be voluntary wound up by itself
INTRODUCTION:
Revenue recognition is the important & pervasive aspect of financial reporting. Accounting Standard which covers this aspect needs to be very clear and descriptive to cover every major possible situations and peculiarities of contracts with customers. Existing standard of
Q.1) What will be the treatment of Job work material sent in the earlier regime / excise regime and not returned back within 6 months from appointed date?
(A). For this issue which is common with most manufacturers who use
Facts of the Case:-
Company arranges catering/ canteen services for serving food at subsidized rates/ free of costs for its employees. The amount is recovered from the employees through payroll deduction and payment is made directly by the Company to
1.Removal of pre-import condition for Advance Authorisation and Exemptions of IGST and Compensation Cess for specified Deemed Exports
SEBI vide its notification dated November 16, 2018 notified sixth amendment of SEBI (Listing Obligations and Disclosure Requirements) Regulations. Gist of the major changes are as under:
Insertion of definition:
Fugitive Economic Offender has been defined as an individual who
Anti-profiteering as specified in section 171 of CGST Act, 2017 states that any reduction in rate of tax on supply of goods or services or benefit of input tax credit shall be passed on to the recipient by way of