Applicability of GST on commission income

hello everyone,

Is GST applicable on commission income?

Read more on : income commission applicability

applicability of gst rate on radio taxi or passenger transport service

Hello everyone,

In GST only the Radio taxi or passenger transport services provided through electronic commerce operator are under RCM. So what about Rent-a-cab services provided by a person other than electronic commerce operator? What is GST rate and HSN code?

Read more on : transport service passenger taxi rate radio applicability

Applicability of DPT-3 on OPC

Dear Professionals,

Is DPT-3 Applicable on OPC Companies Also?

Thanks

Read more on : applicability

Applicability of Section 167 to nominee directors

Whether Section 167 is applicable to nominee directors of Public Financial Institution ?

Read more on : directors nominee section applicability

CARO 2020 Applicability on Private Companies

Please explain Borrowings includes Unsecured loan ?

As given "a private limited company, not being a subsidiary or holding company of a public company, having a paid up capital and reserves and surplus not more than one crore rupees as on the balance sheet date and which does not have total borrowings exceeding one crore rupees from any bank or financial institution at any point of time during the financial year and which does not have a total revenue as disclosed in Scheduled III to the Companies Act (including revenue from discontinuing operations) exceeding ten crore rupees during the financial year as per the financial statements."

It should not be include Right ?

Read more on : companies private applicability caro

Applicability of Demand of Poll

Dear All,

Whether concept of demand for poll u/s 109 of the Companies Act, 2013 is
relevant for companies covered under Rule 20 of Companies (Management and Administration) Rules, 2014 relating to voting through electronic means.

Read more on : poll demand applicability

When to check Applicability of CSR

Hi Everyone!

Whether CSR Applicability is to be checked every year as Rule 2 of CSR has been omitted after amendment in CSR Rules dated 20th September 2022 ?

Read more on : applicability check

BEN-2 - Applicability

Please let me know the BEN-2 - Applicability and Understanding for private limited company.

Read more on : applicability

With the change of Definition of Small Company how to ascertain CARO Applicability

Please confirm the effective date to identify the small company as CARO 2020 applicability totally depend upon the Definition of Small Company. CARO 2016 & 2020

Download File

Download File

Read more on : caro applicability ascertain company definition small change

LLP amendment in regard to fees applicability

The LLP’s revised fee amendment wef. 1 Apr 2022, is this applicable for previous years returns filing also?

Read more on : applicability fees regard amendment

Applicability of EPF & MP Act 1952 and the schemes framed there under in r/o

· Information has been received from some reliable sources that your establishment might have employed more than 19 persons in or in connection to the work of your establishment which renders your establishment coverable under the EPF&MP Act, 1952 (hereinafter referred to as “the Act”). However, as per the official record, your establishment is not found registered with this office.



· Your attention is invited towards the provisions of the Act for determining coverage, persons employed directly as well through contractors are aggregated and if on any day the total count of persons so employed crosses 19 persons, from that day the Act becomes applicable and remains applicable even if the strength of persons later falls below twenty persons.





· Thus, as soon as the total number of employees (directly/hired contractual employees) working in an establishment reaches 20, the establishment is mandatorily required to ensure compliance of the Act and to be able to do so a PF Code number is required to be taken from EPFO. Even if all the employees are drawing salaries more than the statutory wage limit under the Act, still the establishment has to obtain a PF Code and has to pay only the monthly minimum Administration charges through the said PF Code online.



· Since, the Act is a beneficial piece of legislation and is enacted to provide PF, Pension and Insurance benefits to the employees, therefore, in case of noncompliance stringent provisions have been provided therein.



· Non-deposit of PF contribution is categorized as a cognizable offence under the Act and for it, imprisonment which may extend up to three years with a fine has been provided.



· Along with the criminal liabilities, civil actions like 7A inquiry for the determination of due amount and provisions of penalty (which can be 100% of the unpaid amount) and interest thereon are provided in sections 14B and 7Q of the Act.



· The department is vested with sufficient powers to recover the unpaid dues through different recovery actions including attachment of Bank Accounts, movable and immovable properties of the defaulter establishment and arrest of the defaulters.



· Hence to avoid adverse legal consequences, in case your establishment is coverable, you are hereby advised to register your establishment online through Shram Suvidha Portal of EPFO and start remitting the EPF and other allied dues w.e.f. the date of eligibility without any further delay.



· In case you have already registered and you are already complying under the Act you are requested to provide the PF Code Number immediately to this office.



· Further, if your establishment is not coverable you are requested to provide an undertaking of this effect along with supporting documents.



· Your reply with regard to this communication is required to be submitted to this office within 7 days from the date of this communication. Further, it is also requested to submit the details of the Date of incorporation of your establishment and month-wise employment strength of all types (Direct as well as indirect through contractors) of employees/persons engaged (full-time, casual, trainee, apprentice or part-time) in your establishment.



· You are always welcome to contact this office for any assistance and clarification on the matter.

EMAIL RECEIVED FROM
Coordination Wing RO Rohtak,

How to respond ?

Read more on : there under framed schemes applicability

Applicability of Consolidated Financial Statements [CFS]

Hi All,

Who all are required to prepare consolidated financial statements?

Read more on : statements financial consolidated applicability