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Udaipur is rich in its culture, historical and scenic areas, and Rajput-era palaces. It is also known as the “City of Lakes” and attracts several tourists from other places of the world that’s why it is called a tourist destination and the tourist destination is always the best place to…

Under the presumptive taxation system in India, certain eligible taxpayers are allowed to pay tax on a presumptive basis. This means that the income of the taxpayer is presumed to be a certain percentage of the total turnover, and the taxpayer is required to pay tax on that presumed income.…

The Indian tax regime affects corporate governance by either imposing liabilities or offering tax incentives; in contrast, corporate governance has an impact on the management of a company's tax affairs. The Central Board of Indirect Taxes and Customs (CBIC) recently issued guidelines for the initiation of prosecution under Goods and…

If you want to cancel a flat booking, then you have come to the right place. How smooth your cancellation process basically depends on the relationship you have with the developer. Most people do not know about the procedure for canceling an apartment reservation. This results in problems when claiming…

  There was a constant tug-of-war between the departmental officer and the GST registrant regarding the claims for refund of input services in case of an inverted duty structure. Remarkably, due to conflicting views of two High Courts, the matter even reached the Supreme Court. After the Supreme Court's observation…

Any contract or arrangement entered into with a related party is deemed to be a related party transaction under the Companies Act, 2013. The Ministry of Corporate Affairs and SEBI allows related party transactions to enter into the ordinary course of business at a price applicable to other parties. But…

The state budget for Rajasthan, with the theme of "Bachat, Rahat, Badhat," was unveiled on Friday by Chief Minister Ashok Gehlot. Given that the state will have elections for its legislature later this year, this was the last budget of the current administration. All public and private institutions in the…

In India, companies are required to comply with various regulations and laws under the Companies Act, 2013. The Registrar of Companies (ROC) is responsible for overseeing and enforcing these regulations, which includes maintaining the Register of Companies. Companies need to adhere to the ROC compliance calendar to avoid penalties and…

You must pay sales taxes when you buy a product or service from a dealer. This tax is collected when you sell. You subtract the taxes paid at the time of purchase from the amount of production tax (tax on sales), and the difference is payable to the government. This…

Finance and Accounting have grown in importance in today's competitive business environment, where corporate organisations must provide an accurate and fair picture of their financial status. As a result, the use of accounting in the business sector has become an essential aspect. The Company Secretary must offer comprehensive and accurate…