Gst Applicability On Directors Remuneration As Per Companies

Secretarial Audit under Companies Act, 2013 - TaxGuru.

Feb 28, 2015 . As per section 204 of the Companies Act, 2013 read with Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, following companies are required to obtain ... GST applicability on liquidated damages, compensation and penalty; UAE-Mainland Company Registration;.

https://taxguru.in/company-law/secretarial-audit-companies-act-2013.html.

GST RCM on Director’s Remuneration - TaxGuru.

Jun 12, 2020 . Circular No - 140/10/2020 - GST dated 10 th June 2020 clarifying GST applicability under RCM on Director's Remuneration. Now to put an end to all the doubts and confusion over applicability of GST on services supplied by directors to companies, the Government has issued Circular No - 140/10/2020 - GST dated 10th June 2020 (Circular ....

https://taxguru.in/goods-and-service-tax/gst-rcm-directors-remuneration.html.

Managing/ Whole time Director Under Companies Act, 2013.

May 05, 2018 . Section 197: Overall Maximum Remuneration and Managerial Remuneration. EARLIER WAS SECTION 197A, 267, 311, 317, 384, 385, 388 OF THE COMPANIES ACT, 1956. Quick Question. I. Whether a private Limited Company required to file MGT- 14 in case of variation in term of appointment of Managing Director?.

https://taxguru.in/company-law/managing-time-director-companies-act-2013.html.

Companies (Share Capital and Debentures) Rules, 2014 - TaxGuru.

Mar 31, 2014 . The Board of Directors shall, inter alia, disclose in the Board's Report for the financial year in which the issue of equity shares with differential rights w ... Companies (Share Capital and Debentures) Rules, 2014. Government of India Ministry of Corporate Affairs . NOTIFICATION. New Delhi, dated 31.03.2014. ... the diluted Earning Per ....

https://taxguru.in/company-law/companies-act-2013-the-companies-share-capital-and-debentures-rules-2014.html.

GST Applicability on Director's Remuneration: Case Laws.

Jan 12, 2022 . The services provided by a non-executive director to the company is subject to GST and will fall under the reverse charge mechanism of GST. GST rate at 18% applies to the total amount of directors' remuneration. GST applicability on fees of Independent Director. Independent Directors do not have any direct relationship with the company..

https://cleartax.in/s/gst-directors-remuneration/.

Managerial Remuneration Under Companies Act, 2013 - TaxGuru.

Sep 29, 2015 . Managerial Persons covered are Managing Director, Whole-time Director, Part time Directors and managers who shall be paid remuneration subject to and in accordance with provisions of Section 197 of the Companies Act, 2013. As compared to various sections and chapters viz section 198, 309, etc of Companies Act, 1956 which deals with Managerial ....

https://taxguru.in/company-law/managerial-remuneration-companies-act-2013.html.

Disclosure of Remuneration in Board of Directors Report - TaxGuru.

Sep 20, 2016 . As we are aware that MCA has issued a Notification dated 30th June, 2016 Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2016 and made some major amendments in Rule 5 "Disclosure in Board's Report -remuneration of employees".. BACKGROUND: Many professionals have been raising two questions on ....

https://taxguru.in/company-law/disclosure-of-remuneration-in-board-of-directors-report.html.

Independent Directors- Applicability, Roles And Duties - ClearTax.

Feb 01, 2022 . As per Rule 4 of the Companies (Appointment and Qualification of Directors) Rules, 2014, the following classes of companies shall have at least 2 directors as independent directors. Public companies with paid-up share capital of Rs. 10 crore or more. Public companies with a turnover of Rs. 100 crore or more. Public companies with aggregate ....

https://cleartax.in/s/independent-directors-applicability-roles-and-duties/.

Annual General Meeting Under the Companies Act, 2013.

Apr 07, 2022 . All rules that apply for a general meeting is provided from Section 101 to 112 of the Companies Act, 2013 and Rule 18 to 23 of The Companies (Management and Administration) Rules, 2014. The rules regarding the procedure to hold AGM, quorum, members' rights and minutes of an AGM apply to all the general meetings of a company..

https://cleartax.in/s/annual-general-meeting-companies-act-2013/.

Internal Audit as per Companies Act 2013 - CAclubindia.

Dec 22, 2020 . The Chairman explained the Board about the applicability of Section 138 of the Companies Act, 2013 read with Rule 13 of the Companies (Accounts) Rules, 2014 on the Company. The Chairman suggested the name that the Company should appoint Mr. __________ as Internal Auditor for the financial year _____..

https://www.caclubindia.com/articles/internal-audit-as-per-companies-act-2013-28021.asp.

Companies Auditor’s Report Order (CARO), 2016 - TaxGuru.

Mar 29, 2016 . 2. Auditor's report to contain matters specified in paragraphs 3 and 4. - Every report made by the auditor under section 143 of the Companies Act, 2013 on the accounts of every company audited by him, to which this Order applies, for the financial years commencing on or after 1st April, 2015, shall in addition, contain the matters specified in paragraphs 3 and 4, as ....

https://taxguru.in/company-law/companies-auditors-report-order-caro-2016-wef-01042015.html.

Nomination and remuneration committee - TaxGuru.

Apr 05, 2020 . The Board of Directors of the following companies shall constitute Nomination and Remuneration Committee. 1. Every Listed Public Company. 2. The Following Class of Companies. All public companies with a paid-up share capital of Rs. 10/- crores or more; or. All public companies having turnover of Rs. 100/- crore or more; or.

https://taxguru.in/company-law/nomination-remuneration-committee.html.

Section 149 of Companies Act, 2013 - Corporate Law Reporter.

Companies incorporated after 30.9.2014 need to have the resident director from the date of incorporation itself. Exemptions given to certain unlisted public companies under the Companies (Appointment and Qualification of Directors) Rules, 2014 from the appointment of independent directors. General Circular No.9 /2017 dated 5 th September, 2017.

http://corporatelawreporter.com/companies_act/section-149-of-companies-act-2013-company-to-have-board-of-directors/.

Internal Revenue Bulletin: 2021-01 | Internal Revenue Service.

Jan 04, 2021 . SECTION 12. UNDER WHAT CIRCUMSTANCES DO DIRECTORS ISSUE DETERMINATION LETTERS? 67.01 In income and gift tax matters: 67.02 In estate tax matters: 68.03 In generation-skipping transfer tax matters: 68.04 In employment and excise tax matters: 68.05 Requests concerning income, estate, or gift tax returns: 68.06 Review of determination ....

https://www.irs.gov/irb/2021-01_IRB.

Audit Reports for Corporates FY 2020-21 - TaxGuru.

Jun 07, 2021 . Ministry of corporate affairs (MCA) has recently notified some major changes in reporting requirements of financial statement by notifying amendments in Schedule III of companies Act 2013 to be applicable from FY 2021-22 these changes will correspondingly effect reporting and preparation of independent auditor's report as well, though these changes are ....

https://taxguru.in/company-law/audit-reports-corporates-fy-2020-21.html.

The Central Goods and Services Tax Act - cbic-gst.gov.in.

Feb 09, 2018 . KIND ATTENTION OF CENTRAL EXCISE PETROLEUM SECTOR TAXPAYERS : PLEASE REFER ADVISORY 16/2022 DATED 03.08.22 REGARDING ACCOUNTING HEAD CODE TO BE USED FOR PETROLEUM CRUDE AND AVIATION TURBINE FUEL FOR PAYMENT OF SAED Due to scheduled maintenance activities, ACES-GST application ....

https://cbic-gst.gov.in/CGST-bill-e.html.

Cost Audit and Cost Records Applicability 2022-23 - CAclubindia.

May 02, 2022 . As the Cost Records and GST records both use the HSN codes for reporting purposes, leniency in the maintenance of cost records or missing out on getting the cost audit conducted can cost a lot to the organisations. ... Apply the rules for determination of applicability as per the table given below in 1) & 3) e turnover of 35 crores/50 crores ....

https://www.caclubindia.com/articles/cost-audit-and-cost-records-applicability-2022-23-47094.asp.

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Central Goods and Services Tax Act, 2017 - TaxGuru.

Apr 12, 2017 . 1. (1) This Act may be called the Central Goods and Services Tax Act, 2017. (2) It extends to the whole of India except the State of Jammu and Kashmir. An Act to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the Central Government and for matters connected therewith or incidental thereto..

https://taxguru.in/goods-and-service-tax/president-assents-central-goods-services-tax-act-2017.html.

Reverse Charge Mechanism (RCM) List under GST - TaxGuru.

Apr 27, 2020 . Dear, your nature of job falls under Services category as per GST ACT, Which attracts 5% GST on such services to service recipient. As your service recipient asked you to raise RCM Invoice, it means, you are not a Tax Registered Person (I believe your total service annual revenues does not more than 20 Lacs in any preceding financial year and not expected ....

https://taxguru.in/goods-and-service-tax/reverse-charge-mechanism-rcm-list-gst.html.

Company Auditor’s Report Order (CARO), 2016 - ClearTax.

Apr 21, 2022 . Applicability of CARO 2016. CARO 2016 is applicable to all the companies except the following (which) are specifically excluded from its purview: A. Banking Companies. B. Insurance Companies. C. Companies registered for Charitable Purposes. D. One Person Company. E. Small Companies (Companies with Paid-up capital less than or equal to Rs..

https://cleartax.in/s/caro-2016-reporting-requirements/.

CMA Program - CMA Course Details, Duration & Syllabus.

Certified Management Accountant (CMA) is the highest level of certification in management accounting that acts as a global passport for accountants and finance professionals. Institute of Management Accountants (IMA), USA has 1,44,000+ members spread across 140 + countries and 300 chapters ....

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Section 194J - TDS on Professional or Technical Fees.

Aug 06, 2021 . Finance Act: TDS on Royalties where such royalty is in the nature of consideration for sale, distribution or exhibition of a cinematographic film will also be subjected to TDS @ 2% 6. Applying for TDS at a Lower Rate. According to Section 197, the person receiving payment can apply for a reduction of rate in TDS, through filling in the Form 13 and sending it to the ....

https://www.caclubindia.com/articles/section-194j-tds-on-professional-or-technical-fees-updated-fy-2021-22-45434.asp.

Insurance Audit for Insurance Companies – Enterslice.

The Companies Act 2013; The Life Insurance Corporation Act 1956. In the case of General insurance, in addition to the above mention, there shall be the applicability of Employees State Insurance Act 1948. Along with the acts and rules, there are guidelines for Corporate Governance for the insurers in India..

https://enterslice.com/insurance-audit.

List of Resolution for which MGT-14 requires to be filed - TaxGuru.

Aug 30, 2019 . As per your advice you have suggested to file MGT-14 for the Ordinary Resolution under Annexure -C where if a Company increase its authorised capital by way of ordinary resolution. As per Section 117 of the Companies Act, 2013 it is nowhere mentioned to do the same. Kindly revert and suggest me if i am missing/ getting wrong any of the provisions..

https://taxguru.in/company-law/list-resolution-mgt14-requires-filed.html.

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Income-tax Act, 1961.

Private companies: Section 179: Liability of directors of private company : Part: N: Special provisions for certain kinds of income: Section 180: Royalties or copyright fees for literary or artistic work: Section 180A: Consideration for know-how: Part: O [Omitted] Section 181: [OMITTED BY THE FINANCE ACT, 1988, W.E.F. 1-4-1989] Chapter: XVI.

https://www.taxmanagementindia.com/visitor/acts_rules_provisions.asp?ID=222.

S.2(31) Companies Act 2013 Which Defines 'Deposit' Does Not ….

Jul 21, 2022 . The Delhi High Court has held that there cannot be retrospective application of Section 2(31) of the Companies Act, 2013 and the Companies (Acceptance of ....

https://www.livelaw.in/news-updates/s231-companies-act-2013-which-defines-deposit-does-not-operate-retrospectively-delhi-high-court-204444.

Corporate Law Adviser - CLAonline.

About CLAonline. CLAonline is a leading source of Legal information comprising of complete digital online law library on Company / SEBI / Insolvency and Bankruptcy / FEMA / Competition and Other Laws for professionals and institutions powered by one of the most trusted journal (Corporate Law Adviser) on the subject since 1989..

https://www.claonline.in/.

ROC Compliance Calendar For 2022-23 - TaxGuru.

Apr 06, 2022 . Article explains ROC Compliance applicable on the Listed Companies, Unlisted public Companies and Private Companies according to the applicability of relevant Section of Companies Act 2013. Article contains complliances which falls during the period from 01.04.2022 to 31.03.2023 i.e. during financial Year 2022-23. Article Further define Section, Form, Purpose, ....

https://taxguru.in/company-law/roc-compliance-calendar-2022-23.html.

Section 194J Under TDS - Professional or Technical Services ….

Film artists owe publicity companies professional fees. Amount paid to management firms and HR consulting firms. Companies pay registrars to exchange their data. Consequences of non-deduction or late deduction: Below are the repercussions of failing to deduct TDS or failing to pay TDS to the income tax authorities after it has been deducted:.

https://groww.in/p/tax/section-194j.