GSTR-2 Filing: A Step-by-Step Guide
GSTR-2 also includes purchases on which reverse charge applies. However, since it is currently not in use from the September 2017 tax period onwards, it has lost its significance. Instead, the taxpayers must report their eligible ITC in the form GSTR-2 while checking with their GSTR-2 and GSTR2A. For example, Ajay buys 100 pens worth […]
Managing Shareholders and Directors in a Pvt. Ltd. Company
In a Private Limited Company, shareholders and directors play distinct but interconnected roles. Here’s an overview of each role and their respective responsibilities. This blog discusses in detail Managing Shareholders and Directors in a Private Limited Company. All about Shareholders in Private Limited Company Who Are Shareholders in a Private Limited Company Owners of shares […]
Maximizing the Benefits of ICEGATE in Your Business
International Trade is key to the health of the global economy in our globally increasing world. The hindrances of cross-border trade could be massive, whether you are an experienced exporter or getting started. Its better that the technology interferes to enhance and ease up the procedure. ICEGATE Registration is a platform which has transformed the […]
Nidhi Companies: A Detailed Overview and Benefits
Nidhi Company represents a unique class of non-banking economic institutions in India. These entities play an essential position in fostering a culture of thrift and savings amongst their members. These companies are frequently misunderstood or burdened with other sorts of monetary establishments, however, they have their awesome functions and benefits. In this newsletter, we will […]
Letter of Undertaking (LOU) Explained: Purpose and Usage
A Letter of Undertaking (LOU) is one of the most important monetary instruments applied in foreign trading and credit and is signed by a bank as well as a bank client. This blog seeks to explain clearly what LOUs are, and their use in international trade and commerce. Understanding the Letter of Undertaking (LOU) a […]
Empowering Consumers: The Role of Consumer Protection Councils
We shall discuss the vital function of Consumer Protection Councils (CPC) in India and how they enable consumer rights. Growth and sustainability go hand in hand with consumers’ protection. Consumer protection councils are vital in achieving this objective in India. Besides, the council is crucial when it comes to the overall legal system and also […]
GST on Security Services: A Comprehensive Guide
It is interesting to take note that the term Security Administration isn’t characterized under the GST Act. Be that as it may, in like manner speech, Security Administration implies administration delivered by any individual towards the security of any property (whether versatile or resolute) or the security of any individual in any way. In contrast […]
Workmen’s Compensation Act in India: An Overview
The Workmen’s Compensation Act of 1923 is a key piece of legislation that was created to offer social security to employees. It was proposed by the Central Government and adopted by several State Governments. This legal framework is intended to safeguard the interests of individuals engaged in labor. The expanding use of complex and sophisticated […]
Understanding the Role of Jurisdictional Assessing Officer
A Jurisdictional Assessing Officer, often referred to as the “AO,” is an income tax officer tasked with the responsibility of evaluating the income and tax obligations of both individual taxpayers and businesses. Taxpayers are allocated a Jurisdictional Assessing Officer according to the address provided in their Permanent Account Number (PAN) card records and their income […]
Section 186 of Companies Act 2013: Borrowing Powers of Companies
The Companies Act, 2013, stands as a cornerstone of Indian corporate legislation, it is an act that regulates the incorporation of a company, along with regulating the responsibilities of directors and the company and the dissolution of the company. The act replaced the previous Companies Act, 1956 introducing a host of new provisions including a […]
