APPLICABILITY OF GST ON YOUTUBE CONTENT CREATOR The YouTube platform is a subsidiary of Google, a US-based company that allows anyone to open a channel and post videos. In turn, the company also earns by running advertisements and other promotional material on the videos hosted on it. A YouTuber is a person who runs a […]
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GENERAL DATA PROTECTION REGULATION The General Data Protection Regulation (GDPR), agreed upon by the European Parliament and Council in April 2016, will replace the Data Protection Directive 95/46/ec in Spring 2018 as the primary law regulating how companies protect EU citizens’ personal data. Companies that are already in compliance with the Directive must ensure that
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JOB WORK UNDER GST What is job work? Job work means processing or working on raw materials or semi-finished goods supplied by the principal manufacturer to the job worker. This is to complete a part or whole of the process which results in the manufacture or finishing of an article or any other essential operation.
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MARGIN SCHEME UNDER GST What is Margin Scheme? In the “Margin Scheme” taxpayers who are dealing in second-hand or used goods, may at his option, discharge tax on the sale of used or second-hand goods on the margin amount which is the difference between the selling price and purchase price of the goods. The margin
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COMPANIES REGISTERED VALUER AMENDMENT RULES,2022 The concept of a “registered valuer” under Indian law was introduced for the first time vide Section 247 of Chapter VXII of the Indian Companies Act for matters requiring valuation under the said act. the Ministry of Corporate Affairs introduced the Companies (Registered Valuers and Valuation) Rules, 2017 (“Rules”). The
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EXPORT PROMOTION CAPITAL GOODS SCHEME EPCG Scheme was launched in the 1990s to facilitate the import of capital goods with the aim to enhance the production quality of goods and services, thereby, increasing India’s international manufacturing competitiveness. This is a scheme relating to the import of capital goods at Zero duty. The benefit of zero
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CASUAL TAXABLE PERSON UNDER GST INTRODUCTION: Casual taxable person” means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in a State or a Union territory where he has no fixed place of
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FARMER PRODUCER COMPANY: INCORPORATION AND THEIR BENEFITS A producer company is a Company that is incorporated under the provisions of the Companies Act, 2013 and shall carry on following activities that are mentioned as following: Production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Members or import goods for their
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FILING FOR REGISTRATION BY PROVIDER OF OIDAR What are OIDAR Services? Online information and database access or retrieval services means services provided by the means of Information Technology, over internet or electronic network, such as advertising on internet, cloud services, e-books, downloading movies, software, online supplies of digital content (movies, t.v shows, music, data storage,
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CLAIM YOUR ITC IN THE FORM GSTR-9 BY 30TH NOVEMBER 2022 What is the GSTR-9 annual return? GSTR 9 is an annual return to be filed yearly by taxpayers registered under GST. Points to note: It consists of details regarding the outward and inward supplies made/received during the relevant financial year under different tax heads
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