By this time, the Practicing Professionals [CA, CS, CWA] would have got a glimpse of the documentation involved for complying with the provisions of the Companies Act, 2013, and clients arguing and wondering why? do I have to do all these filings and documentation, on the pretext that, mine is
Co-Owners Vs Small Services Provider Exemption
From the inception of the levy of service tax on ‘Renting of Immovable Property Service’, there was hue and cry from the trade. The trade is of the strong belief that there shall not be any service tax in the case of renting of immovable property service since there is
Regular Annual Compliances For A Private Limited Company
An effort is being made to list out the regular Annual Compliances (Section-wise) that are to be followed under the Companies Act, 2013 and the rules made thereunder:
Compliances By Limited Liability Partnership
All are aware that a Limited Liability Partnership (LLP) is a body corporate, governed by the Limited Liability Partnership Act, 2008 and rules framed thereunder. An LLP has a distinct legal entity separate from that of its partners, it has perpetual succession and any change in the partners shall not
A Peek Into Advance Ruling Provisions Under Service Tax
One of the positives of the budget proposals is the applicability of advance ruling provisions to the resident private limited companies. This move reduces the litigation piled at the department level since there shall be an opportunity for understanding the department’s way of interpretation of a particular provision at the
List of Statutory Registers to be maintained – Companies Act -2013
An effort is being made to list out the Statutory Registers/Record (Chapter-wise) that are to be maintained under the Companies Act, 2013 and the rules made thereunder:
Transition From The Companies Act, 1956 To The Companies Act, 2013 – Compliance
All the professional colleagues are aware that, of all the sections of the Companies Act, 2013, which have been notified, some of the sections, and the rules made thereunder, provide for the time limit within which some compliances are to be made by the companies/Auditors/Directors. An effort has been made
Amendment To The Rules Pertaining To Related Party Transactions – Section 188
Ministry vide The Companies (Meetings of Board and its Powers) Second Amendment Rules, 2014 Dated:14.08.2014, has amended the limits as to transactions as contained in the initial rules, in relation the 1st provisio to Section 188 (1) of the Companies Act, 2013. The revised rules in comparison with the Original
Audit Under Service Tax – Powers Of Revenue
Rule 5A of the Service Tax Rules, 1994 provides for audit under service tax. This provision empowers Commissioner to appoint officer for carrying out audit under Service Tax. As everyone are aware, the recent buzz is that appointment of Departmental Officer for audit under this rule is invalid as it
DTA Turnover Vs DTA Unit – SEZ Exemption
We all are aware that the services provided to a unit located in SEZ or a developer of SEZ are exempted from service tax by way of Notification No 12/2013-ST dated 01.07.2013 subject to certain conditions, limitations and safeguards as specified in the said notification. The notification provides for ab