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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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Is Filing of E-Form ADT-1 as per Rule 4(2) of the Companies (Audit and Auditors) Rules, 2014 mandatory in case of appointment of First Auditor of the Company? A. Introduction As per Section 139 of the Companies Act, 2013, the first Auditor shall be appointed in the company by the Board of Directors under Section...

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Considering the second wave of Covid-19, in order to provide ease of compliance to the taxpayers, the GST council had recommended various relaxations under the GST law. Presented herewith is a consolidated summary of various notifications issued for implementation of such relaxations: A. Relaxations recommended by GST Council: 43rd GST Council Meeting (Notified by respective...

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The Finance Bill, 2021 takes the same recourse by inserting Section 194Q, Section 206AB, and Section 206CCA. Section 194Q: Earlier Govt. has proposed and implemented 206C(1H) on the sale of goods. Now similar provision is applicable from 01st July 2021, that ’buyer’ being a responsible person for paying any sum to any resident seller for...

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Recently, in the AAR- Karnataka, has decided Supply of Computer software license amounts to supply of goods in the case of M/s SPSS South Asia Private Limited, no.: KAR-ADRG-15/2021 dated 24 March 2021. Brief Facts – M/s SPSS South Asia Private Limited (“Taxpayer”) is a trader engaged in importing of software license and further reselling...

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