Sakshi Srivastava

A Trust is an institution or association that is formed to provide or assist in the development of ecosystem, monuments, and offer aid to the needy and poor people in the form of medical relief, education, clothing, etc. These trusts can be established for charitable or religious purposes. The trusts does not hold any commercial […]

Code on Social Security, 2020 was initiated in the Lok Sabha on 19th September 2020 vide Bill No. 121 of 2020 to propose a fresh Bill, namely, the Code on Social Security, 2020. This new code is expected to amend and combine the laws relating to social security for all the employees either in the organized […]

The United Nations is an Intergovernmental Organization (IGO) which aims at promoting harmony and peace in the world. On the other hand, NGOs are non-government organizational structures whose basic aim is to promote social cause and provide necessary aid to the deprived ones. Though the objectives of UN and NGOs are common and both provide […]

Two significant associations are prevailing in the current scenario, which works like silver bullets for refining the world. Non-governmental organisations and societies are two significant prospects of associations that ardently work for the betterment of people, whereas various distinctions separate an NGO and Society. On the other side, there exist a significant number of common […]

Three Codes related to Labour Law was passed by the Parliament. The Industrial Relations Code Bill, 2020 was introduced in the Lok Sabha on 19th September and on 22nd September, 2020 Lok Sabha passed three bills. To be more precise, the Industrial Relations Code Bill, 2020 have replaced three laws. Those are as follows:- Industrial […]

The Finance Minister, Mrs. Nirmala Sitaraman, in her Budget Speech 2020 implements CAROTAR 2020 The Customs Administration of Rules of Origin under Trade Agreements Rules,2020 and mentioned regarding the need to protect the domestic industry from the misuse of free trade agreements. Finance Minister said that “Undue claims of FTA benefits have posed a threat to a […]

Under the Copyright Act, 1957, a copyright registration provides various rights and protections to the creator of the original work. Creators of dramatic, musical, literary and artistic works and cinematography can avail rights on their original creation by the virtue of copyright registration. In this Blog, you will get to learn about the E-filing of […]

The Hon’ble Bombay High Court in the matter of Bai Mamubai Trust v. Suchitra [Decided on September 13, 2019] held the office of the Court Receiver is an establishment of the High Court through which the orders are being issued by the Court. Therefore, the services of the Court Receiver considered as services provided by any higher […]

The Occupational Safety, Health and Working Conditions Code, 2020 was initiated in Lok Sabha by Minister of State for Labour and Employment on 19th September, 2020. It was again brought up with new changes leading to removal of Occupational Safety, Health and Working Conditions Code, 2019. Labour category falls under the Concurrent List of the […]

NGOs in India have always been exempted from certain kinds of tax norms. Such exemptions are provided under Section 12A and 80G of Income Tax Act. Section 12A provides that NGOs with 12A registration can be fully exempted from the Income Tax Department. And, NGOs with 80G registration provide benefits to the donor of any […]

The Standing Committee on Finance recommended the Central Government to abolish the tax on Long Term Capital Gains for investments in startups companies that can be done by collective investment like Alternate Investment Funds, angel funds and investment LLP. Report by the Standing Committee on Finance Report by the Standing Committee on Finance titled as […]

As per Section 46 of CGST Act, 2017 read with Rule 68 CGST Rules 2017, a notice in FORM GSTR-3A is issued to any registered person who fails to file annual return (defaulter) requiring them to provide such return within 15 days. Further, Section 62 offer assessment for non-filing of GST return of registered persons who fails to provide […]

Uninterrupted and smooth chain of ITC is one of the key features of Goods and Services Tax. ITC is a method to avoid cascading effect of taxes. In a simple language it is known as tax on tax. However, section 17(5) of CGST Act, 2017 specifies certain Goods and Services as Blocked credit. Blocked ITC […]

Inverted Duty Structure is a situation where the tax rate on inputs is higher than tax rate on output supplies. Inverted duty structure under Goods and services tax usually results in increase of excess tax credit and cascading cost, therefore it is the need of hour to optimize the arousal of refunds in the platform. […]