MCA Limits Layering of Subsidiaries by Companies The Ministry of Corporate Affairs (‘MCA’) on September 20, 2017 notified the proviso to Section 2(87) of the Companies Act, 2013 (‘Act’) and the Companies (Restriction on the number of layers) Rules, 2017 (‘Layering Rules’). Prior to said notification, the restriction on the numbers of subsidiaries as specified […]
GST Council bringing real estate under its ambit Identifying real estate as the one sector where maximum amount of tax evasion takes place, Finance Minister said there was a strong case to bring real estate under GST. The matter will be discussed in the next meeting of the GST, which will be held on November […]
What a receiver taxpayer can do in his GSTR 2? A RECEIVER TAXPAYER CAN DO THE FOLLOWING IN HIS GSTR 2 1. See the supplier-wise summary of all invoices uploaded by supplier taxpayer 2. Against each invoice of the supplier, receiver taxpayer can take one of four possible actions – Accept, Modify, Reject, and Keep […]
Latest Amendments in GST Council in 22nd meeting held on 6th Oct 2017 Council has taken many positive decisions in this meeting and in the long run it will benefit the business and businessmen through Latest Amendments in GST Council in 22nd meeting held on 6th Oct 2017. It will also take away difficulties faced […]
Authorised representative under GST Authorised representative under GST means a person who is authorised by a person to appear on his behalf. Section 2(15) of GST Act, 2017, provides that ‘authorised representative’ means the representative as referred to in section 116. As per section 116(1) of the GST Act, 2017, any person who is entitled […]