New process of refund under the Income tax Act

New process of refund under the Income tax Act Refund process under the Income tax becomes more stricter than earlier through the amended Section 143 (1) A of the Income Tax Act, The Income tax department is suspecting that most of the taxpayers are getting refunds by declaring the taxable income comparatively lesser than the […]

Controlling of shrinkage in Retail – Importance

Controlling of shrinkage in Retail – Importance What is Inventory Shrinkage? In today’s competitive retail world, retailers are tasked with more responsibility than ever before. Not only do they have to deal with increased competitive pressures and ever-shrinking margins but also the age old problem of shrinkage.

ANNUAL GENERAL MEETING – HOW TO CALL

ANNUAL GENERAL MEETING – HOW TO CALL Annual General Meeting Section 96 of the Companies Act, 2013 provides that every company other than a One Person Company shall hold a general meeting every year as its annual general meeting. This meeting is in addition to any other meetings conducted by the Company. More than fifteen […]

Composition Levy under GST – Facts

Composition Levy under GST Facts about Composition scheme under Good and Services Tax: Composition Levy successfully rolled out under the Goods and Services Act from July 2017 and also it tries to eliminate the cascading effects from Indirect taxes to pass the benefits to the ultimate consumers of Goods and Services.

GST – ACCOUNTS AND RECORDS

ACCOUNTS AND RECORDS IN GST GST regime has just been implemented, hence it is upmost necessary to understand the provisions related to accounts and records by every registered persons. The relevant provisions of law in GST regarding Accounts and Records are detailed in Section 35 and Section 36 of Central Goods and Service Tax Act, […]