What is Form CMP-08? Form CMP-08 is a quarterly statement-cum-challan filed by composition taxpayers under GST. It serves two purposes: Declaration of summary details of outward supplies (sales) and inward supplies liable to reverse charge.…
Section 54 of the Central Goods and Services Tax (CGST) Act, 2017, lays down the provisions for claiming refund of tax, interest, or any other amount paid under GST. It provides a structured mechanism for…
Excel Utilities of ITR-2 and ITR-3 for AY 2025-26 are now live and available for filing.
Quorum refers to the minimum number of members required to be present at a meeting to make the proceedings of that meeting valid. Section 103 of the Companies Act, 2013 specifies the quorum requirements for…
In the realm of income tax compliance, Section 43B plays a critical role in ensuring transparency and discipline in claiming deductions. Introduced to curb tax avoidance through fictitious liabilities, Section 43B mandates that certain expenditures…
The Tonnage Tax Scheme (TTS) is a favourable tax regime introduced under Chapter XII-G of the Income Tax Act, 1961, specifically for Indian companies operating ships. Instead of paying tax on actual profits, shipping companies…
Section 169 of the Companies Act, 2013 empowers shareholders to remove a director before the completion of their tenure through a proper process. This provision is rooted in the principle that directors, though appointed by…
In view of the upcoming launch, MCA Website will not be available from 09th July 2025 12:00 AM to 11th July 2025 11:59 PM.