Latest Post and Updates

The 47th GST Council meeting held on June 28th and 29th, 2022, produced a new proposal stating that GST will be levied at 5% on pre-packaged and labeled food items beginning July 18th, 2022. This was announced in Notification No. 06/2022-CT (Rate) on July 13, 2022. This idea comes after…

In a circular dated August 3, 2022, the Central Board of Indirect Taxes and Customs (CBIC) clarified the application of the GST to various taxes, fines, and penalties resulting from contract violations and other situations. The circular has examined a wide range of situations when one party recovers a charge,…

An Indian residing abroad is generally known as a Non-Resident Indian (NRI). NRI means a person residing outside India who is a person of Indian origin or a citizen of India. Let us know about the Non-Resident and types of transactions under FEMA. Table of Contents NRI as per FEMA…

Section 149 of the Companies Act of 2019 regulates the composition of the board of directors. In the case of a public company, there are at least 3 directors. In the case of some companies, it also counts as one female director. In addition, every listed company must have at…

A key expectation of members of self-governing professions is that they accept legal and ethical responsibility for their work and put the interests of the public and society first. One of the essential features of the profession is to adhere to strict codes of conduct maintaining strict ethical and moral…