News Flash

img

GSAP News Flash_Sec 206AB 206CCA 20210624

CBDT issued a new functionality for ease of deductors and collectors for doing compliance under sections 206AB and 206CCA. In this News Flash we have discussed this new update. Download
img

GSAP News Flash_Updation of IEC 17.06.2021

Description: Government amended IEC related provisions and made it compulsory to update online IEC registration related details every year. Download
img

A new return requirement for companies paying Dividend

Description: As a new requirement, every company paying dividend (interim or final) shall be required to furnish a statement of financial transaction (SFT) in Form 61A on or before the 31st May, immediately following the end of financial year. Download
View All

Our Publications

img

GSAP Alert: Retail and Wholesale Trade in MSME 06072021

Government has decided to include retail and wholesale trades as Micro, Small and Medium Enterprises (MSMEs). Now, retail and wholesale traders can register on Udyam Registration Portal. However, benefits to retail and wholesale trade MSMEs are restricted to priority sector lending under RBI guidelines. Download
img

GSAP Alert_Due date extension and tax exemptions 28062021

In view of the COVID-19 outbreak the Government issued Press Release to further extend timelines of certain compliances under the Income-tax Act, 1961. Government also announced tax exemption for expenditure on Covid treatment and ex-gratia received on death due to Covid. More details of these exemptions will be known when circular/ notification will be issued in this regard. In this alert, we have discussed these revised timelines and tax exemptions. Download
img

GSAP Alert - 43rd GST Council meeting 01062021

The GST Council met for the 43rd time on May 28, 2021 and recommended various changes related to GST law and procedures to provide relief to taxpayers amidst COVID-19 pandemic. These recommendations will be applicable once notified by the government. In this alert, we have discussed key recommendations made by the GST Council. Download

Our Articles

img

ICMAI RVO Journal June 2021 (Controversies around valuation of shares under income-tax)- English

With respect to issue of shares by closely held companies' section 56(2)(viib) of the Income-tax Act, 1961 mandates valuation of shares either by DCF method or NAV method.
In this article we have discussed the powers of tax officer to change the method of valuation which has been adopted by companies.
We have further discussed whether under the DCF method the officer has powers to change the projected financials with the actual performance of the company. We have critically analysed these issues in view of plethora of judgements.
Download
img

Global Minimum Tax: Journey so far and impact on India (Taxmann) 130721

The way Multinational Enterprises (MNEs) operates and manage their taxes is going to change drastically as 131 countries have agreed to levy Global Minimum Tax (GMT) of 15% on MNEs. In this published article we have discussed all about GMT and its possible impacts on India. Download
img

ICSI Newsletter- April 2021: Governance Professional – Leading the way

A brief note on the role of Corporate Governance in professionalism, its impact and consequences and the impact of the changes made in governance in today's scenario. Download

Our Service Offerings

We partner with our valued clients, by providing practical solutions, making complex things simple and letting them focus on business and growth.

Assurance Services

  • Statutory audit
  • Tax audit
  • Internal audit
  • Special purpose audits
  • IFRS /Ind-AS advisory
Read More

Direct Tax Services

  • Cross border tax advisory
  • Transfer pricing
  • Expatriate taxation
  • Tax litigation management
  • Tax due diligence and health checks
Read More

Indirect Tax Services

  • GST compliance
  • GST planning and advisory
  • GST audit
  • GST health check and diagnostic review
Read More

Accounting & Business Support

  • Financial accounting
  • Payroll administration
  • Secretarial and regulatory Compliance
  • Compliance diagnostics
  • Virtual CFO
Read More

Business Advisory

  • Entry strategy advisory
  • Setting-up of business
  • Transaction advisory
  • Valuation
Read More

Insolvency Resolution Services

  • IP risk advisory
  • Initial Resolution Professional
  • Resolution Professional
  • Liquidator
Read More

Our Documents

GSAP NEWSLETTER