Tax Lane

[...] which have been working well in India. Excise duty: Central Excise Duty is levied by the Central Government under the Central Excise Act, 1944. The levy is on all goods manufactured and produced in [...]

[...] to unilaterally increase tax rates for meeting their revenue needs. Unkept promises of the Central Government on payment of compensation for reducing CST rates have hindered progress in GST talks with [...]

[...] of Company by Passing of Special Resolution, After obtaining the previous approval of Central Government in that behalf Whether First Auditor can be Appoint Through AOA & MOA. No, the [...]

[...] to give effect to such change. These forms are: 1) Form MGT-14 2) File application with Central Government in Form No. INC-23 3) Form INC-28 4) Form INC-22 D)The Companies (Registration offices and [...]

[...] will be decided by the GST council. The GST will subsume indirect taxes like excise duty and service tax at the central level and VAT on the states front, besides local levies. The GST Constitutional [...]

[...] costs, and face stiff oppositions from states due to loss of autonomy. Filed under: Goods & Service Tax [...]

[...] also a reasonable rate for taxation of services to ensure compliance. Filed under: Goods & Service Tax [...]

[...] would be a part of the GST. The aspects of valuation in some parts would also be adopted. Service Tax: Service tax is levied all activities as defined other than those specified in the negative [...]

[...] of Rs. 10 crore or more and turnover of Rs. 25 crore or more, shall be certified by a company secretary in practice in the prescribed form, stating that the annual return discloses the facts [...]

[...] Number of financial year(s) to which appointment relate. (Author – CS Divesh Goyal, ACS is a Company Secretary in Practice from Delhi and can be contacted at csdiveshgoyal@gmail.com) Filed under: [...]

[...] Minimum 1 shareholder – individual or corporation Minimum 1 local resident company secretary Minimum Paid Up Capital S$1 Must have a local registered address Enjoy extremely [...]

[...] Form ADT-1 Intimation Letter To Auditor Various Scripts (Author – CS Divesh Goyal, ACS is a Company Secretary in Practice from Delhi and can be contacted at csdiveshgoyal@gmail.com) Filed under: [...]

[...] petroleum products would continue to be under sales tax and central excise till the GST Council suggests its inclusion in the GST.  Alcohol is intended to be kept for state excise [...]

[...] 16 rates, corresponding to different scenarios. However, the final decision would be in hand of GST Council, constituted after the passage of Constitutional Amendment Bill. A GST Council would be [...]

[...] is Rs 10 lakh,” Rather said, adding that the final call on threshold will be decided by the GST council. The GST will subsume indirect taxes like excise duty and service tax at the central level and [...]

[...] provide that local GST needs to be applied for the transaction, then the supplier would charge dual GST i.e. SGST and CGST at specified rates on the supply.  This is explained with the following [...]

[...] of goods or services is done interstate i.e. the place of consumption rules provide that interstate GST (or integrated GST) needs to be applied for the transaction, then the supplier would charge [...]

[...] that local GST needs to be applied for the transaction, then the supplier would charge dual GST i.e. SGST and CGST at specified rates on the supply.  This is explained with the following [...]