Special Audit is a unique provision under GST allowing the department to examine the financials and tax compliance of a taxpayer in greater depth. Unlike regular departmental audits, this is conducted by a professionally qualified…
A One Person Company (OPC) is a relatively new form of business introduced under the Companies Act, 2013 to enable a single individual to operate as a company with a separate legal identity. It bridges…
Section 92 of the Companies Act, 2013 mandates that every company must prepare an annual return and file it with the Registrar of Companies (ROC) in the prescribed form. The Annual Return is a statutory…
Section 65 of the Central Goods and Services Tax (CGST) Act, 2017 deals with the “Audit by Tax Authorities”. Under GST, the government is empowered to conduct audits to verify the correctness of turnover declared,…
Section 123 of the Companies Act, 2013 lays down the legal provisions for the declaration of dividend by companies in India. It ensures that dividends are declared only out of legitimate profits, safeguarding the interests…
An Annual General Meeting (AGM) is a yearly meeting held by every company (except One Person Company) to present its financial statements, appoint or reappoint directors and auditors, and provide transparency to shareholders. It ensures…
GST in India provides a Composition Scheme as a relief mechanism for small taxpayers to ease compliance. Composition dealers are not required to file monthly returns like regular taxpayers; instead, they file simplified annual and…
The CBIC issued Circular No. 249/06/2025-GST dated June 09, 2025, regarding the Generation and quoting of Document Identification Number (DIN) on any communication issued by the officers of the Central Board of Indirect Taxes and Customs…