GST ON PRE-PACKAGED AND LABELLED FOOD ITEMS. EFFECTIVE FROM 18-07-2022

Currently, certain food items are exempt from GST if they are not put up in the unit container or they are unbranded or if the supplier waives the right to the brand through a declaration. The GST council recently recommended revising the scope of GST exemption to exclude the specified food items if the Supplies […]

Implementation Guidelines for Gujarat IT a ITeS Policy (2022 – 27)

Recently, the Gujarat state in India unveiled its new “IT/ITeS Policy 2022-27”, replacing the old IT & ITeS Policy 2016-21. The new policy offers both capital (CAPEX) and operational (OPEX) support to information technology (IT) firms making investments in Gujarat and promises to generate 100,000 direct jobs. We list the various incentives with their timelines […]

Impact on E-commerce sector from 47th GST Council meeting’s recommendations:

E-commerce means the supply of goods or services, or both, including digital items, through a digital or electronic network. (Described in Section 2(44) of the CGST Act, 2017) E-Commerce Operator has been defined as any person that directly or indirectly owns, maintains, or manages a digital or electronic facility or platform for e-commerce (under Section […]

FORM NO. INC-9 – Declaration by Subscribers and First Directors.

The Companies (Incorporation) Second Amendment Rules, 2022- substituted FORM NO. INC-9 – Declaration by Subscribers and First Directors. The Ministry of Corporate Affairs (MCA) vide its Notification dated May 20, 2022, has notified Companies (Incorporation) Second Amendment Rules, 2022.Through this amendment, the Ministry has substituted Form No. INC-9. The new form will be effective from 1st June […]

Relaxation in paying additional fees for LLP up to 30th June, 2022

Relaxation in paying additional fees in case of delay in filing Form 11(Annual Return) and all the event based e-forms by Limited Liability Partnerships up to 30th June, 2022The Ministry of Corporate Affairs (hereinafter referred to as “MCA”) in view of transition from version-2 of MCA-21 to version-3 and to promote compliance on part of […]