1. Documentary requirements and conditions for claiming input tax credit Rule 1 of draft GST ITC Rules requires that input tax credit shall be availed by a registered person, including the Input Service Distributor, on the basis of any of the following documents, namely: – a) an invoice issued by the supplier of goods or services […]
1. Application in respect of tax or duty credit carried forward under any existing law or on goods held in stock on the appointed day Rule 1 of draft GST Transitional Provision Rules requires voluminous details like the amount of tax or duty availed or utilized by way of input tax credit under each of the existing […]
VALUATION RULES 1. Delete the term ‘open market value’ from Valuation Rules Draft Valuation Rules introduces a new concept of ‘open market value’, to be the first value to be applied in case a transaction does not satisfy the requirements of section 15. Issue It is a new and untested concept and is not even based […]
As per section 123(3) of Companies Act, 2013, a dividend is said to be an Interim dividend, if it is declared by the Board of directors during any financial year out of surplus in the profit and loss account and out of profits of the financial year in which such interim dividend is sought to be declared.
Generally place of supply will be the place of recipient of service, if it is not available then place of supplier of service except of specified services as given in subsequent sub-sections. This is similar to the default rule applicable to domestic transactions
The Union Minister of Road Transport & Highways and Shipping Shri. Nitin Gadkari yesterday launched the NHAI Masala Bond issue at the London Stock Exchange. The NHAI issue witnessed an overwhelming response from a wide range of investors, some of them being first timers to participate in the Masala Bond market.
The present CRI guidelines have put a blanket ban on patenting of computer related inventions unless a ‘novel hardware,’ is also invented thereby impacting the entire ICT sector and allied industries that contribute immensely to India’s gross domestic product (GDP) and generate significant employment
Cashless society is not a new found phenomenon. Decades back, India craved for it with plastic cards. The worldwide trend is to relegate cash transaction and India is not an island. Indian government has been facilitating this trend with a number of schemes and retro-measures. To weed out black money and corruption from public life, Government has been leveraging digital transaction ecosystem.
Maharashtra Goods and Services Tax Act, 2017. A BILL to make provisions for levy and collection of tax on intra- State supply of goods or, services or, both in the State of Maharashtra and the matters connected therewith or incidental thereto.
सरकार अब एक जुलाई 2017 से जी.एस.टी.लागू करने वाली है और इसके लिए आपको विशेष रूप से छोटे एवं मझोले व्यापारियों एवं लघु एवं माध्यम दरजे के उद्योगों को जी.एस.टी. की जानकारी देने के लिए एक सीरीज प्रारम्भ कर रहें है है इसे आप पढ़कर समझने की कोशिश करें कि आने वाले समय में आपको किस प्रकार से जी.एस.टी.कानून का पालन करना है और किस तरह ये आपके व्यापार को प्रभावित करेगा.जी.एस.टी.के दौरान आपको प्रारम्भिक रूप से यह देखना है कि अब आपको एक ही बिक्री पर दो करों को एकत्र करना है
