At least two lac directors on the board of companies, whose names have been struck off by the Registrar of Companies (RoC), will be barred from holding any board position in new ventures although they will not have to step Read More
Company Secretarial Compliance Software
For every corporate, secretarial work forms a major part of the compliance administration. Secretarial work includes drafting of maintaining agenda, statutory registers, minutes, resolutions, filing of forms, etc. The traditional Company Secretaries are used to preparing the aforesaid documents manually Read More
Managing Legal Contracts with Contract Management Software
Legal contract is an agreement enforceable in law. Every business entity has to enter into contracts be it for supply or purchase, partnership or trade or employment or any business deals whatsoever on a day-to-day basis. No modern corporation can Read More
GST Council gives relaxation of 2 months for filing of GST returns
NEW DELHI: India’s tryst with its most comprehensive indirect tax reform, the goods and services tax (GST), will begin on July 1. The GST Council, the apex decision body for the new tax, has stuck to the scheduled rollout. GST Read More
Which taxes at the Centre and State level are being subsumed into GST?
At the Central level, the following taxes are being subsumed: Central Excise Duty Additional Excise Duty Service Tax Additional Customs Duty commonly known as Countervailing Duty, and Special Additional Duty of Customs. At the State level, the following taxes are Read More
What are the major features of the proposed payment procedures under GST?
The major features of the proposed payments procedures under GST are as follows: Electronic payment process- no generation of paper at any stage Single point interface for challan generation- GSTN iii. Ease of payment – payment can be made through Read More
What are the major features of the proposed returns filing procedures under GST?
The major features of the proposed returns filing procedures under GST are as follows: Common return would serve the purpose of both Centre and State Government. There are eight forms provided for in the GST business processes for filing for Read More
What are the major features of the proposed registration procedures under GST?
The major features of the proposed registration procedures under GST are as follows: Existing dealers: Existing VAT/Central excise/Service Tax payers will not have to apply afresh for registration under GST. New dealers: Single application to be filed online for registration Read More
What are the major features of the Constitution (122nd Amendment) Bill, 2014?
The salient features of the Bill are as follows: Conferring simultaneous power upon Parliament and the State Legislatures to make laws governing goods and services tax; Subsuming of various Central indirect taxes and levies such as Central Excise Duty, Additional Read More
How will imports be taxed under GST?
The Additional Duty of Excise or CVD and the Special Additional Duty or SAD presently being levied on imports will be subsumed under GST. As per explanation to clause (1) of article 269A of the Constitution, IGST will be levied Read More