: For Finance Professionals & Students

Monthly Archives: October 2016

Appearance & Audit under GST Law

Indian Legislature provided special class of persons called Advocates in Advocates Act, 1961 to practice all Indian laws. Section 29 of Advocator Act, specifies that Advocator alone are entitled to practice the profession of Law & Section 33 of Advocates Act specifies that Advocates alone entitled to practice the profession of law before any Court or before any authority or person.


The three day meeting of GST Council scheduled from 18th to 20th October, 2016 ended in two days only with a resolve to meet again on 3-4 November and then on 9-10 November, 2016 to discuss rate stricture and draft GST law respectively. The winter session of Parliament has already been convened from 16th November, 2016.

How GST effect on Small Traders and Startups

The GST will have an impact on every individual of the nation.If you are in confusion whether the Goods and Service Tax (GST) is necessary for you or not, then I will make you clear about it. After gaining presidential assent on September 8, 2016 and formation of GST Council ,the GST is now soon became a reality.


Section 55 of the Limited Liability Partnership Act, 2008 (‘Act’ for short) provides for the conversion from firm into limited liability partnership (‘LLP’ for short). Section 55 provides that a firm may converted into a LLP in accordance with the provisions of Chapter X of the Act and the second schedule.

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