Difference between Private company and LLP
Difference between Private company and LLP Selection of a business entity is among the primary lawful choice taken by an Entrepreneur while starting a new business. With the presentation of...
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Pros and Cons of A LLP as well as A Private Company
Pros and Cons of A LLP as well as A Private Company Limited Liability Partnership One of the most distinct and preferred forms of business in India is a Limited Liability...
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Circular no. 137072020-GST dated 13th April 2020
Circular no. 137072020-GST dated 13th April 2020 The Government has released Circular no. 137/07/2020-GST dated 13th April 2020 wherein following matters have been clarified: Cancellation of Goods and Service ContractThe...
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Amendment in Criteria of Related Party Transactions-
Amendment in Criteria of Related Party Transactions- There is a very important Amendment in Criteria of threshold limits for Related Party Transactions (RPT) vide Companies (Meetings of Board and its...
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COVID-19 – Virus for Global Economy
COVID-19 – Virus for Global Economy COVID-19 (coronavirus disease 2019) is an infectious disease caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), previously known as 2019 novel coronavirus (2019-nCoV), a strain of coronavirus. The first...
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The GST Council – 39th meeting
The GST Council - 39th meeting The GST Council - 39th meeting held on 14.03.2020, has made the following recommendations:Interest for delay in payment of GST to be charged on...
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Several relief measures in areas of Income Tax, GST, and Customs & Central Excise in view of COVID-19 outbreak-
Several relief measures in areas of Income Tax, GST, and Customs & Central Excise in view of COVID-19 outbreak- The Union Finance & Corporate Affairs Minister Smt. Niramla Sitharaman today...
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Reduction of burden of compliances during pandemic of COVID-19-
Reduction of burden of compliances during pandemic of COVID-19- We all are aware (or may be some of us are already fed up) with the news of CoVID-19 which is...
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Composition Scheme
Composition Scheme Composition Scheme is a simple and easy scheme under GST for taxpayers. Small taxpayers can get rid of tedious GST formalities and pay GST at a fixed rate of turnover. This scheme can be opted by any taxpayer whose...
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Alert to Taxpayers on fake messages on GST Refund
Alert to Taxpayers on fake messages on GST Refund The Central Board of Indirect Taxes and Customs (CBIC) and the Income Tax department have warned taxpayers not to fall prey...
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