The recent ruling by GST AAR Rajasthan in the case of M/s Clay Crafts India Pvt Ltd., it was held that the Directors of the company cannot be considered as the employee of the company and thus they are outside the purview of Clause (1) of Schedule III of CGST Act,...
Liaison Office
Govt. tweaks FDI norms; bars automatic investment in Indian Cos. from neighbouring countries
The Government of India has reviewed the extant FDI policy for curbing opportunistic takeovers/acquisitions of Indian companies due to the current COVID-19 pandemic and amended para 3.1.1 of extant FDI policy as contained in Consolidated FDI Policy, 2017 as under: (a)...
AGM through VC or other OAVM for FY 2019-20
Annual General Meeting (AGM) through Video Conferencing (VC) or other Audio Visual Means (OAVM) for FY 2019-20 In view of the difficulties faced by the stakeholders on account of threat posed by Covid-19, MCA on 05.05.2020 has come up with Circular No....
Relaxation in GST due to COVID-19 pandemic
Recently, changes have been made vide CGST Notifications dated 23-3-2020 and 3-4-2020, in respect of filing GSTR-3B and GSTR-1 returns for the period February 2020 to May 2020. The extension is due to COVID-19 pandemic (Corona Virus). There is impression in some...
Package under PM’s Aatmanirbhar Bharat Plan [Part-1]
PM in his speech quoted ‘Jaanbhi, Jahan bhi’ amidst nation-wide lockdown due to COVID-19 pandemic. To make it possible the Hon’ble PM in his speech on 12.05.2020 proposed robust economic reforms for 20 trillion rupees which is roughly 10% of India’s GDP. Therefore,...
FDI in E-commerce
The Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. It is not only a form of business but more a mode of earning of livelihood for tens of millions of people in the Country. India’s...
GST on Tour Operator Services
‘Tour Operator’ shall mean any person engaged in the business of planning, scheduling, organizing, arranging tours (which may include arrangements for accommodation, sightseeing or other similar services) by any mode of transport, and includes any person engaged in...
COVID-19 and its Impact on Indian Economy & Business
Besides the impact on human lives and global supply chain, the pandemic is a severe demand shock which has offset the green shoots of recovery of the Indian economy that were visible towards the end of 2019 and early 2020.The International Monetary Fund (IMF) has...
GST & income tax implication on non-resident sportsmen coming to India
When a non-resident sportsman comes to India for participating in any game or sport then a question arises which country has right to charge tax on such income earned by sportsmen by participating in game or sport and what are the tax implications on such income...




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