TCS on Sale of Goods – Section 206C(1H)

Dear Reader, Finance Act, 2020 has inserted the new provision (Section 206C(1H)) in the Income Tax Act, 1961 which is applicable from 1st October 2020. The extract of the same is provided as under: “every person, being a seller, who receives any amount as consideration for sale of any goods of the value or aggregate […]

E-Invoicing

Dear Reader, E-Invoicing shall be mandatory from 01.10.2020. We have tried to summarize the necessary information for the subject with easy understanding. History The GST Council, in its 37th meeting held on 20th September, 2019, has approved introduction of electronic invoice (‘e-invoice’), beginning from 1st January, 2020 on voluntary basis. Further, the GST Council, in[…..]

ROC Compliance for the month of April 2019

Dear Reader, Kindly note following compliance of Registrar of Companies, Ministry of Corporate Affairs for the month of April 2019. Sr. No. Form Name Applicability Purpose of the Form   Due Date Details required from your end 1. INC – 22A (ACTIVE) Every company registered on or before 31stDecember 2017. (Only for Company and not[…..]

Dematerialization of Shares of Unlisted Public Company

The broad categories of the companies as registered with the Registrar of Companies, Ministry of Corporate Affairs are as below: Public company Private Company One Person Company (OPC) Section 8 Company (Charitable / Non Profit Company) The first category i.e. Public Company is further divided into following two categories: Listed Public Company – Companies which[…..]