Tax Deduction at Source (TDS) is a system which was initially introduced by the Income Tax Department. It is one of the modes/methods to collect...Continue Reading
Ministry of Corporate Affairs has notified the Companies (Restriction on number of layers) Rules, 2017 (“Rules”) vide notification no. G.S.R. 1176(E) dated 20th September, 2017.
Rule 2 of the Rules restricts any company from having more than two layers of subsidiaries. Exemptions: An Indian Company acquiring a company incorporated outside...Continue Reading
Exemption from registration to Job workers upto aggregate turnover of Rs. 20 lakh who are making inter-State taxable supply of job work service to a registered person
Presently, a job worker making inter-State taxable supply of job work service is not eligible for threshold exemption of Rs. 20 lacs (Rs. 10 lacs...Continue Reading
GSTN has extended the due date for filing the Form GST TRAN – 1 for claiming the input tax credit of eligible duties and taxes...Continue Reading