Issued by: Central Board of Indirect Taxes and Customs (CBIC), GST Policy Wing on 14th September 2018 Subject: Modification of the procedure for interception of conveyances, detention, release and confiscation of goods in transit. Background Under the e-way bill system, anyone transporting goods worth more than Rs. 50,000 must carry the relevant invoice or equivalent document, along with a valid e-way bill, for verification at any point during transit. The procedure for stopp

A Complete Compliance Guide for Employers Based on India's Four Labour Codes (2019–2020) KEY TAKEAWAY Applicable to all Establishment, Organization, Firm, Employer. Even with just 1 employee, you have real legal obligations — centered around fair wages, timely payment, a safe workplace, a written appointment letter, and injury compensation. Bigger obligations like EPF, ESIC, and Bonus phase in as your team grows. Put Day 1 compliances in place immediately and maintain a com

The Occupational Safety, Health and Working Conditions Code, 2020 (OSHWC Code) marks a significant milestone in India’s labour law reforms. Enacted as part of the country’s broader effort to modernize and rationalize labour regulations, the Code consolidates 13 existing laws related to workplace safety, health, and working conditions into a single, comprehensive framework. It is one of the four labour codes introduced by the Government of India to simplify compliance, enhanc

In early 2026 , the Ministry of Corporate Affairs unveiled the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026) — a strategic, time-bound compliance relief initiative aimed at helping Indian companies regularize long-pending statutory filings with significantly reduced fees and conditional penalty immunity. This scheme represents one of the MCA’s most expansive compliance facilitation windows in recent years and is seen as crucial for lowering regulatory burdens on

The Code on Social Security, 2020 is one of the four major labour codes introduced by the Government of India to consolidate and simplify existing labour laws. Passed by Parliament in September 2020, it seeks to provide a comprehensive social security framework for all categories of workers. A total of nine legislations have been merged under this code, which came into effect on November 21, 2025 . The consolidated laws include: The Employee's Compensation Act, 1923 The Emp

What is the Industrial Relations Code? The Industrial Relations Code, 2020 is a central legislation enacted by the Parliament of India to consolidate, simplify and modernize existing industrial relations laws . It replaces and subsumes provisions of three older laws: The Trade Unions Act, 1926 The Industrial Employment (Standing Orders) Act, 1946 The Industrial Disputes Act, 1947 The Code was part of a broader reform to replace around 29 labour laws with four comprehensive L

Introduction A Related Party Transaction (RPT) means any deal or arrangement between a company and a person or entity that is related to the company. These transactions include sale, purchase, loan, lease, services, transfer of property, appointment to an office of profit, etc. Since such transactions can be misused, the Companies Act, 2013 has laid down strict rules and audit procedures under Section 188 . Who is a Related Party? Section 2(76) A related party includes the f

1. What is the Anti-Profiteering Law under GST? The anti-profiteering mechanism under the Goods and Services Tax (GST) was introduced to ensure that businesses pass on the benefits of: Reduction in GST rates , and Input Tax Credit (ITC) availability to consumers through commensurate price reductions . In simple terms: ➡ If your tax cost goes down under GST, your selling price should also go down . 2. Legal Framework The anti-profiteering provisions are contained in: Sectio

Faceless Assessment Section 144B was introduced by the Finance Act, 2020. According to this section: The Central Government shall notify a faceless assessment scheme. Assessment shall be carried out through electronic mode. Multiple specialized units shall be involved. No personal appearance is required unless permitted through video conferencing. All communications must be through the designated portal. This section ensures that assessments are conducted in a standardized an

Definition of Gratuity Gratuity is a lump-sum monetary benefit paid by an employer to an employee as a reward for long-term and continuous service. It is a statutory benefit governed by the Payment of Gratuity Act, 1972. An employee becomes legally entitled to gratuity after completing a minimum of five years of continuous service with the same employer. Gratuity is generally payable upon retirement, resignation, death, or permanent disability. Eligibility and Application of

Introduction Input Tax Credit (ITC) is a fundamental feature of the Goods and Services Tax (GST) regime. It enables registered taxpayers to reduce their output tax liability by claiming credit of GST paid on inputs, capital goods, and input services used during business. However, to curb tax evasion and fraudulent practices, the GST law empowers tax authorities to restrict the use of ITC in certain cases. One such provision is Rule 86A of the CGST Rules, 2017 , which

Section 185 – Loans to Directors Section 185 is designed to prevent companies from giving undue financial benefits to their directors or persons closely connected to them. It promotes corporate governance and avoids conflicts of interest. Key Provisions (After Amendments) 1. Absolute Prohibition A company cannot directly or indirectly : Give loans, Provide guarantees, or Provide security for any loan Any director of the company , Any director of its holding company , Any part

1. Introduction The Equalization Levy is a direct tax introduced by India to tax income accruing to non-resident companies from digital transactions with Indian customers or users, where the non-resident does not have a permanent establishment (PE) in India. It is contained in Chapter VIII of the Finance Act, 2016, and related rules, rather than the Income Tax Act, 1961, itself, but interacts with it via Section 10(50). 2. Objective Tax digital transactions where the i

Introduction The Companies Act, 2013 introduces the concept of a Small Company to encourage entrepreneurship and reduce the compliance burden on smaller businesses. By offering various exemptions and simplified procedures, the Act supports ease of doing business and ensures that small enterprises can operate efficiently without excessive regulatory strain. Definition of a Small Company According to Section 2(85) of the Companies Act, 2013, a small company is a company other

Managing finances effectively is crucial for any business aiming to grow and sustain itself in a competitive market. Proper financial management helps businesses allocate resources wisely, control costs, and maximize profits. This article provides practical tips and insights to help you master financial management and make informed decisions that drive success. Understanding the Basics of Financial Management Financial management involves planning, organizing, directing, and

Tax-saving is an important part of financial planning. An intelligent tax-planning strategy can serve the dual objective of helping...

ALL individuals or HUFs (except those liable to Audit u/s 44AB) and paying monthly rent to a resident above Rs. 50,000 are liable to...