Let’s look at what the term “pay schedule” means. Pay schedules are nothing more than the dates that the salary is paid by an employer to the employee. Pay schedules are a combination of two parts of information that include your pay period as well as the date you receive your paycheck. The payroll schedule …
Why GST Return Changes will Improve ITC Complexities
India’s GST law would have been executed in India through the narrative of national ambition. To ease the whole GST (Goods and Service Tax) framework for India Inc, the government is enduring a lot via revising the reporting method to make the GST a Good and direct tax. For non-compliant assesses only, would be asked …
How to Draft Legal Notice for Company Closure
Are you thinking of your company closure? Read to know the legal formalities of how to Draft Legal Notice for Company Closure. The process of closing a company is the procedure of bringing the company’s life in a way to an end. During the winding-up procedure, the firm’s assets are managed to benefit its creditors …
Compliance under GST on Business Reconstitution
In case of transactions of amalgamation or merger, one needs to take note of the fact that there are two different dates, namely, the effective date from which the scheme would be given effect (which has to be indicated while applying the amalgamation or merger as filed before NCLT) and, second, the date of order, …
What is the Meaning of FORM MD-7 and FORM MD-9?
A person or a company involved in the manufacturing of Medical Devices in India can distribute/communicate the products by applying through the concerned Authority. The process of application is to apply for a Loan or grant, or a license to sell or distribute products in India. In the the Medical Devices Rules, 2017, an Manufacturing License to Manufacture …
Section 8 Company Registration
An institution or group of people voluntarily joins together for a purpose that is not governed by the government, it is referred to as a Non-Governmental Organization (NGO). In the Companies Act, 2013 an NGO is legally registered as a Section 8 organization and is overseen by the Ministry of Corporate Affairs (MCA). The proposed name …
Indirect Tax and Tax Technology in India – Evolution and Adoption of a Digital Backbone
The indirect tax ecosystem in India is moving into a phase of technological development with an aim to further the principle of ‘Doing Business with Ease’. The adoption of technology is now an integral part of our regular lives, and leveraging this fast-growing revolution, the government has also introduced and adopted several windows through which …
5 Tax Saving Techniques You Need to Pay Attention to
Each year taxpayer is required to file their Income Tax Return (ITR). The Income tax return comprises the information of your annual income along with the payable tax which you require to file. Under different sections of the Income Tax Act 1961, there are some tax rebates and exemptions are being provided by the Government …
Collectors Told to Enforce New Rules on Hotel Service Charge
The Central Consumer Protection Authority (CCPA) has focused district collectors to confirm enforcement of guidelines issued in regard to service charge by hotels and restaurants. On receiving grievances, the district collectors have been directed to inspect and submit the report to the CCPA within 15 days. The CCPA has also printed to chief secretaries of …