Tax Return Preparar(TRP) Under ‘GST’ Law

Tax ReturnPreparar(TRP) Under ‘GST’ Law Section 34(1) of the model Goods and Services Tax Act, 2016 (‘Act’ for short) provides that the appropriate Government may prescribe the manner of approval of Tax Return preparers, their eligibility conditions, duties and obligations as may be relevant for their functioning as a Tax Return Preparer.

How GST effect on Small Traders and Startups

How GST effect on Small Traders and Startups The GST will have an impact on Small Traders and Startups 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, […]

CONVERSION OF A FIRM INTO LLP

CONVERSION OF A FIRM INTO LLP Section 55 of the Limited Liability Partnership Act, 2008 (‘Act’ for short) provides for the conversion of a firm into llp 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 […]

Valuation of intermediate products used for captive consumption

Valuation of intermediate products used for captive consumption In the present case, there is no sale of iron ore concentrate by the appellant and clearance to sister unit for further use is subjected to excise duty and valuation for such duty has to be worked out in terms of Rule 8 of Central Excise Valuation […]