So, to help the readers understand everything more about Section 248 (5) of the Companies Act 2013 or Section 560 of the Companies Act, 1956, we have written this new article: All about MCA Struck-Off Companies in 5 Questions. Another article that we covered in April is Form RFD-11: ...
The user interface of the “Bank Accounts” section on the GST portal has been updated by GSTN for improved visibility and clarity. CBIC released an advisory concerning the reporting of supplies to unregistered GST dealers in GSTR-1 and GSTR-5 forms. GSTN has added IDFC First and Bandhan ...
The GSTN has updated the user interface of the “Bank Accounts” section for clear visibility. see image 1st September 2024 The GST revenue in August 2024 increased by 10% from last year to INR 1,74,962 Cr. Read PDF 29th August 2024 The GSTN portal has scheduled a disaster recovery dri...
Penalty for opting for composition scheme even though the business is not eligibleIn case of fraud (Section 74), a penalty of 100% of the tax due or Rs 10,000 whichever is higher will apply In case of no fraud, a penalty of 10% of the tax due or Rs 10,000 whichever is higher wi...
Section 88B Amendment:No interest on electronic cash ledger balances on GSTR-3B due date. New Section 128A:Waiver of interest/penalties for non-fraud demand notices if paid by 31st Mar 2025. Demand Notices and Penalties: Sections 73 & 74 Changes:Unified time limit and extended penalty payment...
Section 74 of cgst(20) Three personal hearings under gst law(18) Proposed amendment to section 17[5][d](18) Refund of cess in case of exports on payment of igst(16) Royalty payment and gst(16) Rcm on rent(15) Can appellate authority issue show cause notice under section 73 or 74 ...
Section 74 of cgst(20) Three personal hearings under gst law(18) Proposed amendment to section 17[5][d](18) Refund of cess in case of exports on payment of igst(16) Royalty payment and gst(16) Rcm on rent(15) Can appellate authority issue show cause notice under section 73 or 74 ...
The focus of the section was upon the intention of the taxpayer and the “intention” must be that of the actual taxpayer. The majority also considered that s 9-5(1) requires an examination of the purpose of using a car by using ordinary communication directed to “you”. The “you” ...
The said charitable trust is running i) Public Hospital, ii) Physiotherapy College, iii) Nursing School & Hostel & iv) paramedical Section. My question is in the light of notification No.12/2017-Central Tax (rate) date 14th NOV.2017 how to determine the exempted & taxable services of the...
Section 135(5) of the Companies Act, 2013 (‘the Act’) requires every eligible company [as per section 135(1)] to spend at least 2% of the average of net profits of immediately preceding 3 financial years towards Corporate Social Responsibilities(‘CSR’) activities. The CSR spending may ...