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Taxation of Charitable and Religious Trusts
Taxation of Charitable and Religious Trusts The trust is an obligation annexed to ownership and arising out of the confidence reposed in and accepted by the owner for the benefit of another. The person who re-poses the confidence is called the “author of the trust”;
Summary of LLP Second Amendment Rules, 2018
Summary of LLP Second Amendment Rules, 2018 The LLP Second Amendment Rules, 2018 has introduced by the government and we have created a summary to clarify the amendments to understand. Following are the Summary of LLP Second Amendment Rules, 2018: to be effective from October 02,
CA Vijay Kumar GuptaSep 21, 2018Late fee for DIR-3 KYC reduced to Rs. 500 till 5th October
Late fee for DIR-3 KYC reduced to Rs. 500 till 5th October The MCA has allowed the defaulter directors who failed to file the FORM-3 KYC. By reducing the late fee of Rs. 5,000 to the Rs. 500 only. But this will be only applicable
Guidelines for Deductions and Deposits of TDS
Guidelines for Deductions and Deposits of TDS A circular is issued on 14th September, Circular No. 65/2018. This was issued mainly for the purpose of providing the guidelines for deductions and deposits of TDS under GST by the DDO. The major persons who are liable to
IGST paid on import to lapse, if not availed before March
IGST paid on import to lapse, if not availed before March On an analysis of Table 8 of Annual Return. Various items are noticed and have the major effect on the taxpayers. One of the major problems which may arise is the IGST paid on import
CA Arpit HaldiaSep 20, 2018Companies Act, 2013 – Rotation of auditors for Private Companies
Companies Act, 2013 – Rotation of auditors for Private Companies The Ministry of Corporate Affairs (MCA) has come out with Companies (Audit and Auditors) Second Amendment Rules, 2017 (‘Amendment Rules’) vide Notification dated 22nd June 2017. In the aforesaid notification, MCA has amended Rule 5 (b)
CA Sangam Kumar AggarwalSep 20, 2018Proposed amendments in the CGST Act
Proposed amendments in the CGST Act There are various amendments in the CGST Act. Changes introduced by, the CGST Amendment Act is one of the most important development. We have also compiled a brief table for those changes. Provision Old Provision New Provision Comments Section
CA Shafaly GirdharwalSep 20, 2018Amendment of Registration of NRTP, OIDAR, TDS, and TCS
Amendment of Registration of NRTP, OIDAR, TDS, and TCS taxpayers are now Available on GST portal Amendment of Registration of NRTP, OIDAR, TDS, and TCS taxpayers are now Available on GST portal is now available to submit. The facility of Amendment of Registration of Non-core
only Thousand Rupees Fine for the minor discrepancies in the E-way Bill
only Thousand Rupees Fine for the minor discrepancies in the E-way Bill Following are the cases in which the Thousand Rupees Fine for the discrepancies in the E-way Bill will be applied: [As per Circular No. 64/38/2018 – GST] a) Spelling mistakes in the name of
Effect of the provision of Section 49A
Effect of the provision of Section 49A Section 49A of the CGST Act is regarding the utilization of the input tax credit (ITC). The provision of section 49A is inserted with the amendment of the CGST Act. In this Act, it is prescribed to utilize all
Key Amendments Notified by the Government between 4th – 13th September
Key Amendments Notified by the Government between 4th – 13th September The latest Key Amendments Notified by the Government between 4th – 13th September is compiled in the article. To provide all the person with the amendments to see at one place. The Government has notified
Circular No. 65/39/2018-DOR
Circular No. 65/39/2018-DOR Circular No. 65/39/2018-DOR F.No.S.31011/11/2018-ST-I-DoR Government of India Ministry of Finance Department of Revenue New Delhi, Dated the 14th September 2018 To, 1. Secretaries of the Central Ministries as per list enclosed. 2. Chief Secretaries of all States/UTs with legislature/ UTs without Legislature.