Company Board Meeting through Video Conference

Company Board Meeting through Video Conference Companies registered in India are required to hold the first meeting of Board of Directors within 30 days of company registration. After the first board meeting, companies must conduct a minimum of 4 board…

Form DIR-5 for Surrender of DIN

Form DIR-5 for Surrender of DIN DIN or Director Identification Number is required for any person who is a director or partner of a company or LLP registered in India. Hence, during the company registration or LLP incorporation process, after…

What is Income From Other Sources?

What is Income From Other Sources? Income from other sources is a residual category used to classify income that is not classified taxed under any other head of income. Income from other sources must be calculated by the taxpayer based on the mercantile system…

ESI Medical Benefits

ESI Medical Benefits Employees' State Insurance or ESI is a comprehensive social security program for workers in the event of medical contingencies, such as sickness, maternity, death or disablement due to employment injury and occupational disease. The ESI scheme provides…

LLP Form 24 – Easily Close a LLP

LLP Form 24 - Easily Close a LLP The Ministry of Corporate Affairs has recently amended Limited Liability Partnership Rules, 2009 by introducing the Limited Liability Partnership (Amendment) Rules, 2017 with effect from 20th May, 2017. With this amendment, LLP…

GST Input Tax Credit Guide

GST Input Tax Credit Guide GST is an indirect tax levied on goods and services based on the principle of value addition. Hence, the levy of tax is based on the value added at each stage of the supply chain…

Guide to CGST, SGST and IGST

Guide to CGST, SGST and IGST GST is a destination tax, meaning the tax base will shift from origin to consumption. Hence, the imports or end-use will be liable to tax and exports or production will be relieved of the…

Records to be Maintained under GST

Records to be Maintained under GST GST Laws in India mandate that all taxable persons under GST maintain records and accounts in a specified manner. In this article, we look at the list of records to be maintained under GST…

Revised Tax Invoice under GST

Revised Tax Invoice under GST A tax invoice issued by a supplier of goods or services under GST must conform to the rules laid out for issuing an invoice. After an invoice is issued, there might be a requirement to revise…

HSN Code for GST- Harmonized System Nomenclature

HSN Code GST - Harmonized System Nomenclature HSN code or Harmonized System Nomenclature code number is an internationally adopted commodity description and coding system developed by the World Customs Organization (WCO).  HSN code is used by more than 200 countries as a basis…