Companies Fresh Start Scheme, 2020- One time opportunity for Companies to clear defaults

The Ministry of Corporate Affairs has introduced Companies Fresh Start Scheme,2020 (‘CFSS Scheme’) vide circular no. 12/2020 dated March 30, 2020 under Section 460 of the Companies Act, 2013 (“Act”) read with Section 403.This is in...

Amendments to GST rules (23.03.2020)

Summary of Important Amendments to GST Rules as per the notifications issued on 23.03.2020:- GST Registration:- As per Notification No. 16/2020- dated 23.03.2020:- Authentication of Aadhaar number for grant of registration As per  Rule 8 (4A) of...

What is Reverse Charge Mechanism in GST?

Normally, GST on goods and services is payable by the taxable person (i.e. person registered or liable to be registered under GST). However the Government have, on the recommendation of the council, by notification specified categories of...

29 Things To Do This Lock Down

We are at a stage and phase, no one planned. But this has happened in past too, experiencing and passing through a phase totally new for the world, which became history and the people...

GST is applicable on transfer of title without affecting the delivery of goods – Tamilnadu Advance Ruling Authority

AAR (Advance Ruling) Case Law Details Applicant Name :  Automative Components Technology India Private Limited Appeal Number : Order No. 05/ARA/2020 Date of Judgement/Order : 31/01/2020 Courts : AAR Tamilnadu (96) Advance Rulings (1253) Question(s) on which Advance Ruling was sought...

TDS provision under GST

TDS provision under GST There are certain category of persons for whom registration under GST act is mandatory irrespective of their turnover limits as specified in Section 22. These categories have to get register themselves on mandatory basis under...

Ordinance for extension of time limits under Taxation and Benami Act

The Union Finance & Corporate Affairs Minister Smt. Niramla Sitharaman announced several important relief measures taken by the Government of India in view of COVID-19 outbreak vide Press Release dated 24.03.2020, especially on...

Transfer of ITC in case of business reorganization

Transfer of ITC in case of sale, merger, demerger amalgamation, lease or transfer of business:- As per section 18(3) of CGST Act, 2017 in case of change in the constitution of registered person on account of sale, merger, demerger,...

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