Margesh Rai

Previously, a number of taxes, such as central excise duty, service tax, and value-added tax (VAT), applied to India’s real estate sector. The cost of homeownership was often increased by the cascading impact of these taxes, which assessed many taxes on top of one another. The goods and services tax rates were designed to replace […]

Renew a Trademark: Registered offices are located in Mumbai, Delhi, Kolkata, Chennai, and Ahmadabad in India to renew a trademark. When a trademark is registered, its owner receives exclusive usage rights and legal protection against third parties violating those rights. A registered trademark is subject to a ten-year statute of limitations. At any time after […]

GST payment is a recurring obligation for businesses, crucial for maintaining compliance. According to guidelines, registered regular taxpayers must remit their GST amounts by the 20th of each month, coinciding with the submission of the GSTR-3B return. Within the GST framework, the payable tax is categorized into three segments: In addition to these payments, businesses […]

Online GSTR9 FilingGST returns entails more than just compiling the monthly returns that are submitted over a fiscal year. The Goods and Services Tax (GST) data, which includes the sales register, purchase register, filed returns, taxes paid, demands, and refunds, must be compiled by businesses. In addition, if a person enrolled for at least one […]

One more chance for Appeal Filing under GST. Here is good news for all taxpayers who could not file an appeal within the allotted timeframe or whose appeal was denied because it was filed after the deadline in opposition to an order issued by the appropriate authority until March 31, 2023. Taxpayers may now appeal […]

All companies registered under the Companies Act are required to file ROCs. It entails the yearly submission of financial accounts and necessary paperwork to the Registrar of Companies. Transparency, accountability, and adherence to legal requirements are the goals of ROC filing. The procedure aids in keeping accurate records of the administration, operations, and financial standing […]

The Goods and Service Tax Act was enacted by the Indian Parliament on March 29, 2017, and it became operative on July 1 of that same year. GST is a tax that is applied to goods and services from the point of manufacturing to the customer. This taxing scheme has been implemented in over 160 […]

For current taxpayers, GST registration is the first and most crucial step under the GST system as, without registration, they would not get their GSTIN number, which serves as a taxpayer’s fundamental identifying number. It is essential that the registration form be filled out correctly, but what would happen if someone provided incorrect information or […]

The concept of “Lifting the Corporate Veil” or ‘Veil of Incorporation’ develops as a profound legal doctrine in the convoluted web of corporate jurisprudence. This theory serves as a window into the world beyond the corporate façade, allowing the law to hold individuals accountable for the activities of the corporation. The theory of lifting Veil […]

In India’s goods and services supply, the Goods and Services Tax (GST) stands as the comprehensive indirect tax framework. Despite its implementation for more than five years, the domain of GST litigation is still nascent, and disputes are predicted to escalate as time progresses. Anticipated legal challenges are expected to stem from various issues such […]

Insolvency in a company arises when it cannot settle its debts to creditors. There are two key assessments for corporate insolvency: The Corporate Insolvency Resolution Process (CIRP) serves as a means of recovery for creditors when a corporate entity faces insolvency. In the event of insolvency, initiation of CIRP can be triggered by a financial […]

The Companies Act, 2013, is a pivotal piece of legislation governing the corporate landscape in India. This comprehensive act, which replaced the erstwhile Companies Act, 1956, came into effect on April 1, 2014. The Act introduced a significant overhaul of India’s company law framework, aligning it with modern business practices and international standards. The need […]

The Companies Act of 2013 marked a significant transformation in the realm of corporate legislation, replacing the outdated Companies Act of 1965. This change was driven by the need to align the legal framework with the contemporary business landscape, ensuring its relevance in a dynamic corporate world. Compared to its predecessor, the new Companies Act […]

On October 27, 2023 the Ministry of Corporate Affairs introduced the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023. A new rule, Rule 9B, has been added to the existing Companies (Prospectus and Allotment of Securities) Rules, 2015. According to Rule 9B, private companies (excluding small companies), as of March 31, 2023, must […]