Hi,
Please guide as per new amendment in stamp act we have to pay duty @.005% for issue of shares.
Earlier for company registered in Mumbai we used to pay same by GRAS, Please let me know how same has to be paid now after amendment.
Thanks
Dear Team, Now, covid 19 has become a common reason, others are delay in receipt of original invoices from vendor, payment terms agreed is more than 45 days, quality of products/services not as prescribed.
Click here to view / answer Share it onSir, I had posted query as to whether RCM is applicable for payments made for attending patients by a Private Ltd. Hospital to a Director who is also a director of that Company. For this I received a reply in our forum that it is applicable. But GST practitioners in other forums say that the service being Health service provided by the said doctor RCM is not applicable. Kindly explain as many hospitals would be impacted if the RCM is applicable.
Click here to view / answer Share it onDear All,
As we know that Principal Employer is responsible for the wages not paid by contractor.
Can a principal employer recover from the contractor the wages paid on behalf of contractor.
Wanted to check regarding the stamp duty payment on share certificates in Hyderabad. As per the schedule for stamp duty payments in Telangana, the amount of duty payment to be made on share certificates is Rs 10 irrespective of the amount of shares issued.
Since the duty payment amount is very less, can we pay the duty by affixing revenue stamps on the share certificates.
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Dear Learned friends,
As per provision of MSME ACT, person is liable to pay interest on all delayed payments to MSME.
Hope there will be some relief as well in case delay in payment is due to lockdown.
Please advise.
Hi friends,
I had uploaded SPice + and did payment of government fees and even amount was deducted from my account but challan didn’t got generated. Even link for payment of stamp duty was not active. I checked track transaction status but it’s showing not paid. Now will wait till Monday but if payment is confirmed then how to make payment of stamp duty.
If the registered office of the Company is in Gujarat, can stamp duty on share transfer be paid in Maharashtra by franking?
Dear Members
Subscriber to the MOA has to pay the amount with in 180 days from incorporation or 60 days from incorporation.
Because INC 20 A to be filed with in 180 days & share certificates to be issued to the subscribers with 2 months from incorporation .
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Anyone got notice from MCA regarding MSME suppliers payment ?
I have received the same but it seems fake notice ? Is there any possibility ..kindly reply
mail:
Subject :- Support and outreach initiatives for MSME Sector – regarding payments to micro and small enterprise suppliers.
In continuation to earlier notice dated 18.10.2019 and as per Hon’ble PM’s 12 Key announcement on 02.11.2018 regarding support and outreach initiatives for MSME Sector, the Ministry of Micro, Small and Medium Enterprises has issued notification No. S.O. 5622(E). dated 02nd November, 2018 which states as under :-
“In exercise of powers conferred by section 9 of the Micro, Small and Medium Enterprises Development Act, the Central Government hereby directs that all companies who get supplies of goods or services from micro and small enterprises and whose payments to micro and small enterprise suppliers exceed forty five days from the date of acceptance or the date of deemed acceptance of the goods or services as per the provisions of the Act, shall submit a half yearly return to the Ministry of Corporate Affairs stating the following:
(a) The amount of payments due; and
(b) The reasons of the delay.”
2. It has been noted that your company acknowledged supplies of goods or services from MSME enterprises and payments to them due even after expiry of forty five days from the date of acceptance or the date of deemed acceptance of the goods or services.
3. In view of above you are hereby advised to liquidate the outstanding dues towards MSME enterprises immediately, if, not already cleared.
4. A prompt action on your part will be appreciated.
Anyone has handled payment and Settlement Act?
Please revert urgently.
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Service provided by a lawyer to a company in July 2017. Bill and payment made in July 2017. Company registered in GST in December 2017. Turnover is over 2 crores. Is the company liable to RCM payment on advocate's fees paid in July 2017?
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