No, when calculating aggregate turnover under GST, you do not include the value of inward supplies on which the Reverse Charge Mechanism (RCM) is payable.

Reference to the Law:

• Section 2(6) of the CGST Act, 2017 defines “aggregate turnover” as the aggregate value of all taxable supplies, exempt supplies, and exports made by a person in the course or furtherance of business.
• Inward supplies under RCM are not included because they represent supplies received (where the recipient is liable to pay tax) and not supplies made by you.

Why This Matters:

• Accurate Calculation:
  The purpose of calculating aggregate turnover is to determine GST registration thresholds and compliance requirements based on your own business supplies. Including inward supplies would inflate your turnover incorrectly.

• Statutory Clarity:
  The definition in Section 2(6) clearly focuses on supplies made by the taxpayer, ensuring that reverse charge transactions—where tax is paid on inward supplies—are excluded.

Yes, you can generally claim GST input tax credit on office expenses—provided these expenses are incurred for business purposes and you meet the conditions laid out in the GST law. Here’s a simple breakdown:

• Eligibility:
  Input tax credit (ITC) is available for goods and services that are used in the course of your business. For example, expenses like rent, utilities, stationery, and other office supplies qualify if they are used exclusively for business operations.

• Conditions to Claim ITC:
  To claim the credit, ensure you:

  • Hold Valid Tax Invoices: You must have proper invoices showing the GST charged on these expenses.
  • Use for Taxable Supplies: The expenses should be related to making taxable supplies. If the office expenses are partly for non-taxable or exempt supplies, you may need to proportionately reverse the credit.
  • Meet the Conditions Under Section 16: Input tax credit is available only if the conditions specified in Section 16 of the CGST Act are satisfied.

• Exceptions:
  Certain items might be specifically blocked under GST, or the credit may be restricted if the expense is partly for personal use. For instance, if any portion of the office expense is related to exempt supplies, you cannot claim ITC for that portion.

Bottom Line:
If your office expenses are incurred solely for business and you maintain proper documentation, you can claim the GST input tax credit on these expenses. Always review your invoices and usage carefully, and if needed, consult with a tax professional to ensure you’re compliant with the GST rules.

Under the Companies Act, 2013 and the respective rules regarding the inspection of records and registers, companies must allow their members to access and inspect certain documents (such as registers, minutes, and other statutory records). However, when the Articles of Association (AoA) are silent on charging fees for such services, the company is generally not obligated to levy any fees for providing inspection, copies, or extracts.

Key Points to Understand:

• Statutory Rights of Members:
  Members have a legal right to inspect the company’s records and registers. This right is protected under the Companies Act, and any fees imposed should not hinder that right.

• Role of the Articles of Association:
  If the AoA specifically mention fees for providing copies or allowing inspections, then those terms must be followed. However, if the AoA are silent on this matter, there is no statutory mandate requiring the company to charge any fee for these services.

• Administrative Considerations:
  While the company might incur minor administrative costs in processing requests, there is no requirement to pass on significant fees to members unless the AoA provide otherwise.

• Best Practices:
  Many companies choose to provide access to these records without charge as a part of good governance and transparency. Even if minimal fees are charged, they should be reasonable and not deter members from exercising their statutory rights.

Conclusion:

If your company’s Articles of Association do not specify any fees for the inspection or copying of records and registers, you are not required to charge fees for these services. This approach aligns with the statutory intent to ensure that members can easily access important company documents.

A National Holiday refers to any day that is officially declared by the Government of India as a public holiday (for example, Republic Day, Independence Day, or Gandhi Jayanti). When it comes to holding an Annual General Meeting (AGM), the concept of a national holiday is significant for several reasons:

• Scheduling Considerations:
  National holidays typically mean that government offices (like the Registrar of Companies) and other essential services are closed. This can affect the practical aspects of conducting the meeting, such as filing related documents or ensuring proper participation.

• Quorum and Participation:
  Since many directors and shareholders may be unavailable on a national holiday, holding an AGM on such a day could lead to issues with meeting the quorum requirements necessary for a valid meeting.

• Best Practices:
  Companies are generally advised to avoid scheduling AGMs on national holidays. If an AGM is scheduled on a national holiday, it is often postponed or adjourned to the next working day to ensure full participation and compliance with statutory requirements.

Conclusion:
In summary, a “National Holiday” under the Companies Act refers to days when official operations are suspended by government decree. For AGMs, this means companies should plan to avoid these dates to ensure that quorum is met and the meeting can proceed smoothly.