Latest Blogs from SBS and Company LLP

    1. Introduction 

    ISO is an independent international standard setting body which issues standards in various areas such as manufacture, technology, agriculture, hospitality etc. ISO was formed with an objective to facilitate world trade by providing common standards between various nations. 

    1. Background of ISO 

    Formation: ISO began its journey in 1926 as the International Federation of the National Standardizing Associations (ISA). It was suspended in 1942 during World War II, but after the war ISA was approached by the United Nations Standards Coordinating Committee (UNSCC) with a proposal to form a new global standards body. Finally, ISO was formed on 23rd February 1947, headquartered at Geneva, Switzerland. 


    What is a Housekeeping department? 

    As the name suggests, this department is responsible for keeping the house, in prime and proper shape. The basic rule of Housekeeping department is to ensure the comfort of the guest in a clean, hygienic and pleasant ambiance. 

    This department is responsible for cleaning of guest rooms, Public areas, upkeep of the lawns and plants placed at various places, maintenance of linen and uniforms of the staff. 

    In this article, we will discuss how to conduct the audit of housekeeping department. 



    • Definition
    • Job work Procedure u/s 143 of CGST Act, 2017.
    • Input tax credit as per Section 16 and 19 of the CGST Act, 2017.
    • Other clarifications relating to Job work as per Circular No. 38/12/2017 – Central Tax dated 26th of March 2018.

    Who is an assessee ?

    Extract of sec 2(7)(a)

    Assessee means a person by whom any tax or any other sum of money is payable under this Act, and includes

    • every person in respect of whom any proceeding under this Act has been taken for the assessment of HIS income or
    • of the Income of any other person in respect of which he is assessable
    • or of the loss sustained by him or by such other person or of the amount of refund due to him or to such other person


    • Introduction and Applicability
    • Objective
    • Important Definitions
    • Prohibition to accept foreign contribution
    • Non-applicability
    • Registration
    • Grant of certificate, suspension, cancellation and renewal of certificate
    • Maintenance of accounts and Audit of accounts
    • Offences and Penalties
    • Miscellaneous Provisions
    • Reporting in various forms under the Act


    Introduction and Applicability

    Name of the Act:

    • This act may be called as “The Foreign Contribution (Regulation) Act, 2010.” It is often referred as “FCRA”.

    Applicability of the Act:

    It is applicable to whole of India and

    It shall also apply to

    • Citizen of India outside India and
    • Foreign associate branches or subsidiaries of companies or bodies corporate registered or incorporated in India.

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