Qualified Chartered Accountant and Partner of K.V.Venkitaraman and Co., specializing in direct and indirect tax compliance, audit, litigation and representation.
Non-Resident Taxation
TEST OF RESIDENCE Individuals An individual will be treated as a Resident in India in any previous year if he / she satisfies any of the following conditions: If he …
Kerala GST Commissionerate issues Circular on scrutiny of returns
The Kerala SGST Commissionerate issues clarification on 7/11/2021, on the functions of the proper officers in relation to various sections of the Kerala State Goods and Services Act (KGST), 2017. …
Kerala Commissionerate issues guidelines relating to scrutiny of returns to ensure uniformity
Kerala SGST issues guidelines on 10-11-2021 regarding procedure to be followed in scrutiny of returns. The Circular states that in order to ensure uniformity in the scrutiny of returns across …
GST Impact on Rent Waiver due to COVID-19
Amidst the outbreak of novel corona virus (COVID-19), the number of shoppers that are visiting shops, for reasons other than to shop for food and other essential items, have significantly …
ROC grands extension of time for holding AGM
Registrar of Companies, Kerala & Lakshadweep has issued order under proviso to section 96(1) of Companies Act, 2013 extending the time for holding AGM for financial year FY 2019-20 by …
Supreme Court grants relief to borrowers by extending loan moratorium period till 28th September, 2020
On 10th September, a three-judge bench of the Hon’ble Supreme Court headed by Justices Ashok Bhushan and comprising Justice R Subhash Reddy and Justice MR Shah, while hearing a batch …
GSTR-2B Launched for July 2020
What is GSTR-2B? 1. GSTR-2B is an auto-populated ITC statement generated for every registered person (other than composition dealer) based on GSTR-1, 5 and 6 filed by the suppliers. 2. …
Net Tax Liability to be Considered for GST Interest w.e.f 1st September, 2020
Central Government vide Notification No. 63/2020 – CT dated 25th August, 2020 has notified 1st September 2020 as the effective date from when interest will be calculated only on the …
GST on Director’s Remuneration – a critical analysis
The recent decision of Authority for Advance Ruling (AAR), Rajasthan in Re: M/s. Clay Craft India Pvt. Ltd. (RAJ/ AAR/ 2019-20/33) that the Directors’ remuneration is paid for the services supplied by …