Author: LEGALLANDS LLP

POSTS BY : LEGALLANDS LLP
REQUIREMENT TO UPDATE KYC OF ALL THE DIRECTORS AND E-FORM
As part of updating its registry, MCA would be conducting KYC of all Directors of all companies annually through a new EFORM viz. DIR-3 KYC to be notified and deployed shortly. Accordingly, every [...]
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TRADE FACILITATION MEASURES DURING OUTBREAK OF COVID-19
S.No. Circular/Instruction/Notification No. Subject Measures Taken 1.        Instruction no. 02/2020-Customs; dated 20-02-2020 24*7 Customs clearance 24×7 custom clearance facility has been implemented at all custom formations to avoid any [...]
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Lockdown Measures-COVID-19- By DGFT
RELIEF/EXTENSION TO VARIOUS STAKEHOLDERS DURING LOCKDOWN UNDER COVID-19 PANDEMIC BY DGFT  IN VIEW OF GRANTING RELIEF/EXTENSION TO VARIOUS STAKEHOLDERS UNDER COVID-19 PANDEMIC DGFT HAS ISSUED VARIOUS NOTIFICATIONS, TRADE NOTICES, AND [...]
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focus on taking necessary measures to address the COVID-19 threat
CIRCULAR 11/2020 DATED 24/03/2020 ISSUED BY CENTRAL GOVERNMENT (I.E MINISTRY OF CORPORATE  AFFAIRS) FOR SPECIAL MEASURES TAKEN UNDER COMPANIES ACT, 2013 (CA-2013) AND LIMITED LIABILITY PARTNERSHIP ACT, 2008 IN VIEW [...]
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TRANSFER PRICING IN INDIA
LEGALLANDS LLP global transfer pricing practice, in partnership with International Tax Review, is pleased to present the 2019 edition of the Transfer Pricing Controversy Guide, a discussion and overview of [...]
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Reduction in Corporate Tax Rates for both Domestic and Manufacturing Companies
Corporate tax rates slashed to 22% for domestic companies and 15% for new domestic manufacturing companies and other fiscal reliefs. The Government has brought in the Taxation Laws (Amendment) Ordinance [...]
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GST on Transfer of Development Right TDR, FSI & RCM after 1st April, 2019 altered
As per new provisions, where land owner has transferred development rights on or after 01st April 2019 to a builder for construction of a project, the land owner is relieved [...]
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Rectify the Errors and Unclaimed ITC for Previous Year 2018-19
Wonder when to rectify the Errors and Unclaimed Credits for Previous Year 2018-19? Here is the solution for all your queries, an individual having GSTIN and couldn’t claim his ITC [...]
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BANK GUARANTEE EXEMPTION UNDER ADVANCE AUTHORIZATION
Customs Department extending the exemption for execution of Bank Guarantee (BG) based upon the export turnover, quantum of duty, tax paid, etc. vide earlier circular No. 58/2004-Cus dated 21.10.2004 as [...]
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Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019
With the introduction of Goods and Service Tax (GST) in the year 2017, many central as well as state indirect taxes were subsumed in GST. Simply stating that at central [...]
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