Михаил Зборовский Космобет – это синергия инноваций и амбиций. Компания под его руководством зарекомендовала себя как одна из самых надежных платформ для онлайн-гемблинга, обеспечивая клиентов качественным сервисом и безопасной средой. Факторы успеха Cosmobet: Технологическое лидерство: Использование передовых решений для улучшения пользовательского опыта. Этический подход: Продвижение принципов ответственного гемблинга. Надежность: Полная прозрачность бизнес-процессов. Зборовский подчеркивает, что...
Is GST liable to be paid on leasing of tank containers taken form a supplier i e., lessor who is located outside India and the tank containers do not reach India? As it is finance lease, it is supply of goods and tank containers do not reach the Indian Territory. Background With the introduction of GST on July’17 there has been a lot related to import of services and for this the GST council expressly provided in the Schedule II to Section 7 of CGST Act 2017 that activities or transactions to be treated as Supply of Goods or Supply of Services. Facts of the Case M/s Deccan Transcon Leasing Pvt. Ltd. is a Non-vessel owner container carriers/operators fromIndia leases containers from outside India from M/s Tank span Leasing limited in bulk and recognizes...
The Finance Act 2021 introduced a new section 148A in furtherance to section 148 for starting step of escaped assessment/reassessment u/s 147. As per earlier section 148, before commencing any reassessment, Jurisdictional Assessing officer (JAO) needs to draft his “reasons to believe” to open the assessment/reassessment u/s 147 as a statutory obligation on the it....
In the recent ruling by Gujarat Authority of Advance ruling ruled that no GST shall be levied on the amount representing employee’s portion of canteen charges. The ruling sought by M/s Tata Motors Ltd. on the employee’s portion of canteen charges. Facts In the application for ruling the company said that the company is recovering...
2021Fixed Asset Tagging
August 24, 2021by Sunny Khanna
Businesses and enterprises around the world are witnessing major expansion and diversification including India, thanks to Liberalisation, Privatisation and Globalisation Policy. Since then, there have been huge technology advancements and world is becoming global village. Having said that, there is distinguishable amount of capital expenditure and multiple compliance requirements are being met. Huge capex requires...
SNAPSHOT In common parlance, ‘KYC’ stands for ‘Know your customer’. It is a process undertaken by Banks and other Financial Institutions, wherein correct identity of the client is established by verifying his personal documents (PAN, Passport, utility bills, etc.), before entering into any kind of transaction. Why it is being talked about under Company Law...
Interest on reversal of Input Tax Credit: Background With GST assessments in place, the interest on reversal of input tax credit is one of the most controversial topics. Any erroneous claim of input tax credit along with interest liability requires reversal under GST regulations. Such reversal of erroneous credit and subsequent interest liability has always...
Objective This standard deals with: Recognition of the assets. The determination of the carrying amounts. The Depreciation charges. Recognition of impairment losses. Non-Applicability of Ind AS-16 This standard does not apply to: PPE as held for sale. Biological assets related to agricultural activity other than bearer plants. Recognition and measurement of exploration and evaluation assets....
New e-form MGT-7A and revised e-form MGT-7 is now available in line with the Companies (Management and Administration) Amendment Rules, 2021 at MCA portal. A. BACKGROUND- Every company in India needs to prepare the Return under section 92 sub-section-1, called Annual Return. No company enjoys any exemption from the preparation of the Annual Return, whether...
Background: Intermediary under GST GST being a destination-based consumption tax is charged in accordance with the place of supply of goods/services. In this regard, the term ‘Intermediary’ occupies a significant analysis for identifying the GST implications with respect to transactions where the place of supply is outside India. Intermediary is defined under sub-section (2) of...
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