Expert in Company Law and Goods and Services Tax
CS Pankhuri Agrawal is a fellow member of Institute of Company Secretaries of India (ICSI). Company Secretary in employment who is identified as Multi Tasking Person and perpectual learner, having experience of more than 10 years in corporate laws and secretarial compliances.
She is a self-motivated, determined and committed Co...
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The Institute of Company Secretaries of India (ICSI) is the only recognized professional body in India to develop and regulate the profession of Company Secretaries in India. It conducts exam twice a year. Here are few tips and tricks to crack CS exam in first attempt: 1. Stay Healthy: Health is Wealth. A healthy mind exists in healthy body. So, Take care of your mental health and physical healt......
Introduction India ranks in the top 10 in Protecting Minority Investors, as its laws grants minority shareholders strong protection from conflicts of interest and provides extensive rights to shareholders in major corporate governance. The report, published in October 2019, by World Bank placed India at 63rd in Ease of Doing Business Ranking 2020. This all has enhanced the role of Compa......
Government company means any company in which not less than 51% of the paid-up share capital is held by the Central Government, or by any State Government or Governments, or partly by the Central Government and partly by one or more State Governments, and includes a company which is a subsidiary company of such a Government company. A Government Company can claim various exemptions if it has not ......
The decision to go public is a monumental decision for any company. Compliance is a critical factor in a successful Initial Public Offering (IPO). Company Secretaries play a pivotal role in IPO. They ensure that everything is in place and that there is good corporate governance prevalent across the organisation. IPO is the process by which a private company can go public by sale of its stocks to ......
Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme under Goods and Services Tax (GST) has been introduced by the Central Board of Indirect Taxes & Customs (CBIC) to help small taxpayers (registered person) whose aggregate turnover is less than or up to Rs. 5 Crores in the preceding financial year. This scheme is applicable to Taxpayers who has to file Form GSTR -1 and Form GSTR......
Abstract Goods and Services Tax (GST) is one of the major indirect tax reform in India which is destination based Taxation. Artificial Intelligence is the backbone of GST. Artificial Intelligence is a very broad term comprising a variety of components. In GST, the possibilities of Artificial Intelligence application are endless. Meaning of Artificial Intelligence Artificial Intelligence (AI) is......
Reverse Charge Mechanism (RCM) is a complex concept under GST. In this Mechanism the usual cycle of payment of Tax is reversed. In this mechanism the Goods and Services Tax is paid by the Recipient of Goods or Services instead of Supplier. Section 9(3) of Central Goods and Services Tax (CGST) Act, 2017 provides that “The Government may, on the recommendations of the Council, by notification......
The Ministry of Corporate Affairs (MCA) vide notification dated 16th October 2019 has published the Companies (Incorporation) Eighth Amendment Rules, 2019 to further amend the Companies (Incorporation) Rules, 2014. DOWNLOAD HERE 890f5f3fc9b593a1d24162cef528ea63.pdf The Amendment shall be effective from 16th October 2019 Key Amendments from the notification: RULE 8A - The ......
GST Council is the governing body of GST having 33 members. It is chaired by the Union Finance Minister Nirmala Sitaraman. GST Council is an apex member committee to modify, reconcile or to procure any law or regulation based on the context of goods and services tax in India. Important Notifications ced79d99f14debb3708cfcf108257868.pdf issued by Central Board of Ind......
GST stands for Goods and Services Tax. It is a destination-based tax. It is levied on the supply of goods or services or both in India. It can be called the Single biggest tax reform undertaken since Independence. It eradicates tax on tax and is a boost for MAKE IN INDIA. In simple words, GST is a VAT on the supply. India has adopted the dual GST model i.e. Centre and States will simultaneously t......