Latest Post and Updates

Packaging is prevalent in our everyday lives, allowing for the reduction of food waste and total product breakage while providing increased convenience features at a cheap cost. However, the growing use of single-use packing containers has imposed a significant environmental burden, and the management of packaging trash is in crisis…

There has been a sharp increase in the number of GST notifications in the last 2 years. This is due to the completion of the audit on time; data analysis done by the department, a recent number of cases of false invoicing/false claims of Input Tax Credit (ITC), and many…

The Ministry of Corporate Affairs has recently amended the Companies (Rules for Appointment and Qualification of Directors) and a new notification has come out which will be effective from 1st June 2022, The notification hereby states that if any individual who wishes to obtain an appointment in Indian companies and…

People in India are constantly coming up with new startup ideas. Everyone wants to start a business, and everyone wants to make a billion dollars with their business. But, unfortunately, it isn't as simple as it appears. It is not as simple as it appears in movies and web series,…

GST is a major factor that has the potential to cover the economic base of the country along with its ancillary activities, India is also not only one of the top performing countries in the field of generics but is also experiencing a huge increase in tourism which generates extraordinary…

Hon'ble AAR, Gujarat in Re: Karma Buildcon [Case No- GUJ/GAAR/R/33/2020 dated July 2, 2020] has fixed this supplied value for a transaction of supply of services to residential/commercial properties with undivided land rights is to be achieved in terms of the provisions of paragraph 2 of Notification No. 11/2017 –…

Under the GST Regime, assessees are required to obtain registration under the GST Act based on their aggregate turnover. All taxpayers (suppliers of goods and services) are granted a threshold exemption. If the total turnover exceeds this threshold limit, registration under GST is mandatory.  So, let us discuss the GST…

Taxation is seen as one of the necessities that influence the formation of every constitutional democracy. Tax policy decisions in India have an impact on the relationship between the government and the people. No political authority can be exerted unless certain requirements and constraints are met. The principle of taxation…

The MCA (Ministry of Corporate Affairs) has with a recent circular inserted provisions to strengthen the law that makes the process of 'Physical address verification of registered offices of companies' more transparent by adding several formalities by the officials in charge of the process. If you are a business operator…

When the Companies Act, of 1956 was in effect, public companies may offer loans, guarantees, and securities if they acquired prior authorization from the Central Government. The companies used to borrow cash and pass them on to subsidiaries and other related companies via inter-corporate loans. When it came to complying…