Agarwal Advisors

Agarwal Advisors Start up services includes, assisting the client right from initial company formation and capital structure planning to statutory registrations under the

Start up services includes, assisting the client right from initial company formation and capital structure planning to statutory registrations under the various local applicable laws. Our aim to give you a one-stop platform for all your service requirements and make your new venture set-up smooth and easily operational. We support the client by providing the following registration services:

• Ob

taining Permanent Account Number under the Income Tax Act
• Obtaining TDS account Number under the Income Tax Act
• Obtaining VAT Number under the Maharashtra State Value Added Tax (MVAT) registrations and Central Sales Tax (CST) registration number
• Obtaining Service Tax Registration Number
• Obtaining Excise Registration Number
• Obtaining Import-Export Code
• Obtaining the Shop Act License under the Bombay Shop and Establishment Act
• Obtaining Professional Tax Registration and Enrolment Number for the client and also obtaining the professional tax numbers for all director’s, partner’s of the client. Our associates will also assist in the following additional registrations:

• Registration under the Provident Fund Act
• Registration under the Employee’s State Insurance Corporation
• Registration under the Factory’s Act
• Registration as a Micro, Small or Medium Scale Industrie

INTERNATIONAL SUBSIDIARIES :

• For a foreign Investor in India it is very important to choose a right kind of business or corporate entity which best suits its purposes and takes care of liability issues and tax planning issues.
• Foreign Companies planning to do business in India should pay special attention to Entry Strategies in India for Foreign Investors and corporate structuring to save taxes to the best extent allowed by laws and international tax treaties.

In a recent development, the Income Tax Appellate Tribunal (ITAT) in Bangalore has taken a significant step by granting ...
11/08/2023

In a recent development, the Income Tax Appellate Tribunal (ITAT) in Bangalore has taken a significant step by granting a stay on the outstanding demand of a whopping Rs.1833.22 crores, as sought by Xiaomi Technology India Pvt. Ltd for Assessment Year 2018-19. This decision comes amidst a complex backdrop involving substantial additions and adjustments to the tax liability. 📊 Key Points:...

In a recent development, the Income Tax Appellate Tribunal (ITAT) in Bangalore has taken a significant step by granting a stay on the outstanding demand of a whopping Rs.1833.22 crores, as sought b…

Step by Step Guide: Detailed Steps Mentioned below as well to withdraw. 1: Visit the official portal of EPFO. 2: Use UAN...
11/08/2023

Step by Step Guide: Detailed Steps Mentioned below as well to withdraw. 1: Visit the official portal of EPFO. 2: Use UAN and password to login into the EPF account. Enter captcha to authenticate the login.Login into PF Account 3: Select the 'Manage' tab to access available options. 4: Choose 'KYC' to determine whether the details provided via the KYC documents are authentic and accurate....

Step by Step Guide:Detailed Steps Mentioned below as well to withdraw.1: Visit the official portal of EPFO.2: Use UAN and password to login into the EPF account. Enter captcha to authenticate the l…

"Digital Data Protection Bill 2023" passed in Lok Sabha: A breakdown of key points On 7th August ,2023 , the Lok Sabha h...
11/08/2023

"Digital Data Protection Bill 2023" passed in Lok Sabha: A breakdown of key points On 7th August ,2023 , the Lok Sabha has passed the "Digital Personal Data Protection Bill- 2023 setting the stage for a full-fledged law to oversee digital processing of data of Indians. The bill aims to replace existing data protection laws, largely enforced via Section 43A of the Information Technology Act, 2000....

“Digital Data Protection Bill 2023” passed in Lok Sabha: A breakdown of key pointsOn 7th August ,2023 , the Lok Sabha has passed the “Digital Personal Data Protection Bill- 2023 s…

This Tax Alert summarizes a recent ruling of the Andhra Pradesh High Court (HC) upholding the validity of time limit for...
01/08/2023

This Tax Alert summarizes a recent ruling of the Andhra Pradesh High Court (HC) upholding the validity of time limit for claiming input tax credit (ITC) prescribed under Section 16(4) of the Central Goods and Services Tax Act, 2017 (CGST Act). Assessee in the given case commenced its business in March 2020 and filed GSTR-3B for the said month on 27 November 2020 along with late filing fees....

This Tax Alert summarizes a recent ruling of the Andhra Pradesh High Court (HC) upholding the validity of time limit for claiming input tax credit (ITC) prescribed under Section 16(4) of the Centra…

India Sl No Due Date Related to Compliance to be made 1 11.08.2023 GST Filing of GSTR – 1 for the month of July 2023 2 2...
31/07/2023

India Sl No Due Date Related to Compliance to be made 1 11.08.2023 GST Filing of GSTR – 1 for the month of July 2023 2 20.08.2023 GST - Payment & filing of GST return for the Month of July 2023- Form GSTR 3B 3 07.08.2023 TDS/TCS (Income Tax)...

India Sl NoDue DateRelated toCompliance to be made111.08.2023GSTFiling of GSTR – 1 for the month of July 2023220.08.2023GST- Payment & filing of GST return for the Month of July 2023- Form GSTR…

As globalization continues to shape the world economy, cross-border transactions and international investments are the n...
28/07/2023

As globalization continues to shape the world economy, cross-border transactions and international investments are the new normal. However, with such opportunities come the complexities of dealing with taxation in multiple jurisdictions. To address this issue and promote international trade, countries enter into Double Taxation Avoidance Agreements (DTAA). Among the various provisions within these agreements, "Tax Sparing" stands out as an essential concept that merits exploration and understanding....

As globalization continues to shape the world economy, cross-border transactions and international investments are the new normal. However, with such opportunities come the complexities of dealing …

Taxation is a crucial aspect of any economy, and the laws governing it are complex and constantly evolving. One such sig...
28/07/2023

Taxation is a crucial aspect of any economy, and the laws governing it are complex and constantly evolving. One such significant provision in tax law is Section 481 Adjustment, which plays a vital role in determining the taxable income of businesses. This article aims to provide an overview of Section 481 Adjustment, its purpose, implications, and how it affects businesses and taxpayers....

Taxation is a crucial aspect of any economy, and the laws governing it are complex and constantly evolving. One such significant provision in tax law is Section 481 Adjustment, which plays a vital …

🔢 In the world of accounting, two major frameworks, US GAAP (Generally Accepted Accounting Principles) and IFRS (Interna...
28/07/2023

🔢 In the world of accounting, two major frameworks, US GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards), coexist. Understanding their similarities and differences is crucial for global businesses and accounting professionals. Let's explore some key points: 1️⃣ 🏢 Standard-Setting Bodies: US GAAP is developed and maintained by the Financial Accounting Standards Board (FASB), while IFRS is overseen by the International Accounting Standards Board (IASB)....

🔢 In the world of accounting, two major frameworks, US GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards), coexist. Understanding their similarit…

This post summarises a decision of the Federal Court of Australia in the case of Mylan Australia Holding Pty Ltd v Commi...
22/07/2023

This post summarises a decision of the Federal Court of Australia in the case of Mylan Australia Holding Pty Ltd v Commissioner of Taxation FCA 672. In its decision of 21 June 2023, the Court directed Mylan Australia Holding Pty Ltd to discover documents in a Part IVC appeal if the material on which the taxpayer sought to conduct the appeal was selective and the material was not provided to the Commissioner....

This post summarises a decision of the Federal Court of Australia in the case of Mylan Australia Holding Pty Ltd v Commissioner of Taxation [2023] FCA 672. In its decision of 21 June 2023…

concept-of-call-book-in-indirect-taxesDownload
22/07/2023

concept-of-call-book-in-indirect-taxesDownload

concept-of-call-book-in-indirect-taxesDownload

Directorate General of GST Intelligence (‘DGGI’) has been issuing Show Cause Notices (‘SCN’) to big Indian entities and ...
18/07/2023

Directorate General of GST Intelligence (‘DGGI’) has been issuing Show Cause Notices (‘SCN’) to big Indian entities and MNCs demanding GST on Corporate Guarantee. For MNCs, the demand is proposed on Reverse Charge Basis (‘RCM’) where the Holding Company (Guarantor) is located outside India. Background The issue has a legacy under Service Tax (‘ST’) regime where Authorities demanded ST on corporate guarantees and the matter was settled in favour of taxpayer by Hon’ble Supreme Court in the case of…...

Directorate General of GST Intelligence (‘DGGI’) has been issuing Show Cause Notices (‘SCN’) to big Indian entities and MNCs demanding GST on Corporate Guarantee. For MNCs, the demand is proposed o…

The complete press release is available in the following link. Given below the important highlights of the press release...
12/07/2023

The complete press release is available in the following link. Given below the important highlights of the press release. RCM on Director Fee : It was clarified that services supplied by a director of a company to the company in their personal or private capacity will not be taxable under RCM. Only those services supplied by a director of company or body corporate, which are supplied by him as or in the capacity of director of that company or body corporate shall be taxable under RCM in the hands of the company or body corporate under notification No....

The complete press release is available in the following link. Given below the important highlights of the press release. RCM on Director Fee : It was clarified that services supplied by a director…

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67, 4TH CROSS, 10TH MAIN, . Indiranagar
Bangalore
560038

Telephone

9008944082

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