List of Sections in Companies Act, 2013 (vis-a-vis Sections in Old Act) where the Articles of Association can override provisions of the Act or prescribe the limits / conditions in certain cases – in which a checklist can be made to decide which Articles from existing articles are required to be changed :
Whether the option is available to the assessee either to avail the exemption notification or to pay duty on the final products by taking Modvat credit on inputs in terms of Rule 57A of the erstwhile Central Excise Rules, 1944 (“the Excise Rules”)?
There are 3 methods of computation of VAT- 1. Addition method 2. Subtraction method 3. Invoice method. First 2 methods has many disadvantages and none of the countries have implemented it. However last method also called Input tax credit method has lots of advantages which most of the countries has implemented it.
