Adv. Pranjal Tripathi

Adv. Pranjal Tripathi Advocate specializing in Corporate Law, including GST, Labour Law, Company Law, and Intellectual Property Rights (IPR).

Dedicated to providing strategic legal solutions that empower businesses to thrive within the law.

21/12/2024

Key Updates to E-way Bill - Effective from 1st Jan 2025 1. Mandatory Multi-Factor Authentication Mandatory with taxpayers with AATO> Rs 20 Crores from 1st…

13/12/2024

क्या आपको GST Registration की जरूरत है या आप छूट के हकदार हैं?

में पंजीकरण से छूट पाने वाले व्यक्ति :–

1️⃣ केवल छूट प्राप्त वस्तुओं/सेवाओं की आपूर्ति – GST पंजीकरण की आवश्यकता नहीं
2️⃣ किसान (Agriculturists) – अपनी खेती की फसल की आपूर्ति पर पंजीकरण की आवश्यकता नहीं
3️⃣ रिवर्स चार्ज आपूर्तिकर्ता (Reverse Charge Suppliers) – यदि प्राप्तकर्ता GST चुकाता है, तो आपूर्तिकर्ता को पंजीकरण की जरूरत नहीं
4️⃣ हस्तशिल्प विक्रेता (Handicraft Suppliers) – अंतर्राज्यीय आपूर्ति पर ₹20/10 लाख के टर्नओवर तक पंजीकरण से छूट।
5️⃣ जॉब वर्कर (Job Workers) – अगर टर्नओवर ₹20/10 लाख से कम है, तो पंजीकरण की जरूरत नहीं, सिवाय आभूषण (ज्वेलरी) कार्य के
6️⃣ सेवा प्रदाता (Service Providers) – अगर टर्नओवर ₹20/10 लाख से कम है, तो पंजीकरण की जरूरत नहीं, भले ही अंतर्राज्यीय सेवाएं हों
7️⃣ ई-कॉमर्स सेवा प्रदाता (E-commerce Service Providers) – अगर टर्नओवर ₹20/10 लाख से कम है, तो पंजीकरण की जरूरत नहीं
8️⃣ ई-कॉमर्स वस्त्र आपूर्तिकर्ता (E-commerce Goods Suppliers) – 1-10-2023 से नया नियम लागू, यदि टर्नओवर सीमा से कम है तो पंजीकरण से छूट

The procedure and time periods involved in cheque bounce cases:1. Issuance of ChequeAction: The drawer (person issuing t...
12/12/2024

The procedure and time periods involved in cheque bounce cases:

1. Issuance of Cheque

Action: The drawer (person issuing the cheque) issues a cheque to the payee (person receiving the cheque) for payment.

Time Period: The cheque is valid for 3 months from the date mentioned on it (as per RBI guidelines).

Legal Relevance: If the cheque is presented beyond this period, it becomes "stale" and cannot be legally enforced under Section 138.

2. Presentation of Cheque

Action: The payee presents the cheque for payment at the bank.

Time Period: The cheque must be presented within 3 months from the date mentioned on the cheque.

Legal Relevance: If the cheque is not presented within this time, no complaint under Section 138 can be filed.

3. Dishonour of Cheque (Cheque Bounce)

Action: If the cheque is dishonoured (for reasons like "insufficient funds" or "account closed"), the bank issues a Cheque Return Memo to the payee stating the reason for dishonour.

Legal Relevance: The dishonour is the event that triggers the right of the payee to issue a notice to the drawer demanding payment.

4. Demand Notice to Drawer (Section 138 Notice)

Action: The payee (holder of the cheque) sends a demand notice to the drawer, demanding payment of the amount mentioned in the cheque.

Time Period: The demand notice must be sent within 30 days from the date of receipt of the Cheque Return Memo from the bank (as per Section 138(b) NI Act).

Legal Relevance: If the notice is not sent within this 30-day window, the complaint under Section 138 becomes invalid.

5. Time for Payment by Drawer

Action: The drawer (issuer of the cheque) has an opportunity to make payment of the dishonoured cheque amount.

Time Period: The drawer has 15 days from the date of receipt of the demand notice to make the payment (as per Section 138(c) NI Act).

Legal Relevance: If the drawer pays the cheque amount within these 15 days, no legal action can be initiated under Section 138. If payment is not made, the right to file a complaint arises.

6. Filing of Complaint in Court

Action: If the drawer fails to pay the amount within 15 days, the payee can file a criminal complaint under Section 138 of the Negotiable Instruments Act.

Time Period: The complaint must be filed within 30 days from the expiry of the 15-day payment period (as per Section 142(b) NI Act).

Example:

Date of Cheque Return Memo: 1st March 2024

Last date to send Demand Notice: 31st March 2024

Last date for drawer to make payment: 15 days from notice receipt (Assuming notice is received on 5th April, then payment is due by 20th April).

Last date to file a complaint: 30 days from 21st April (i.e., 21st May 2024).

**File GSTR-7 by December 10, 2024**The Goods and Services Tax Network (GSTN) has issued a new advisory regarding Form G...
08/12/2024

**File GSTR-7 by December 10, 2024**

The Goods and Services Tax Network (GSTN) has issued a new advisory regarding Form GSTR-7

👉 Key Highlights:

Mandatory Sequential Filing: All taxpayers required to file Form GSTR-7 must do so in the correct sequence.

Deadline: File your returns before December 10, 2024 to avoid penalties.

Who Should File?
Any GST-registered person responsible for deducting TDS under GST is required to submit Form GSTR-7.

TDS Applicability: TDS under GST applies when a buyer deducts tax before paying the seller if the total value of taxable goods or services exceeds ₹2.5 lakh.

📢 Stay compliant and file on time!

06/12/2024

What Are Small Companies?

The Companies Act, 2013 defines small companies to provide benefits to private limited businesses with smaller investments and turnovers. These companies enjoy simplified compliance requirements.

Key Features of Small Companies:

1. Paid-Up Capital: Should not exceed ₹4 Crores (can be increased up to ₹10 Crores).
2. Turnover: Should not exceed ₹40 Crores (can be increased up to ₹100 Crores).

Exclusions: The following cannot be considered small companies, even if they meet the above criteria:

a. Public companies
b. Holding or subsidiary companies
c. Section 8 companies (non-profit organizations)
d. Companies governed under special acts

Small company क्या होती है?

Small Companies वो होती हैं जिन्हें Companies Act, 2013 के तहत छोटे businesses के लिए कुछ खास फायदे दिए गए हैं। इन companies को compliance requirements में छूट दी जाती है।

Small Companies की मुख्य बातें:

1. Paid-Up Capital: ₹4 करोड़ से ज़्यादा नहीं होनी चाहिए
2. Turnover: ₹40 करोड़ से ज़्यादा नहीं होनी चाहिए

परिभाषा के बाहर: ये companies small companies नहीं मानी जाएंगी, चाहे वो ऊपर दिए गए नियम पूरे करती हों:

a. Public company
b. Holding या subsidiary company
c. Section 8 company (non-profit organization)
d. किसी special act के तहत governed companies

PortalThe SAMADHAN Portal, launched on 17th September 2020 and upgraded on 3rd October 2022, is a vital tool for resol...
04/12/2024

Portal

The SAMADHAN Portal, launched on 17th September 2020 and upgraded on 3rd October 2022, is a vital tool for resolving workplace disputes efficiently. It allows:

1. Filing industrial disputes under the Industrial Disputes Act, 1947.

2. Raising claims under key labour laws like the Minimum Wages Act and Maternity Benefit Act.

3. Resolving issues related to payments, employment, and workplace conditions.

04/12/2024

has introduced five approved mobile apps for quick invoice verification and easy input tax credit claims. Previously available only on desktops, this feature is now accessible on mobile devices, simplifying the process for businesses. Experts believe this innovation will curb fake invoices and enhance the authenticity of e-invoice verification. An advisory dated November 27, 2024, provides detailed information on these authorized apps for taxpayer reference.

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