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Archive: 04 November 2020

Posts in 04 November 2020

Construction Companies and Its various types

November 4, 2020 12051 Views 1 comment Print

Construction Contractors are those Sole Proprietors, Partnership Firms, HUF’s, and Companies who build, construct what is designed by Architects or Civil Engineers on Paper. Construction Companies can mainly differentiate based on the type of work they perform and type of specialization they acquire. There are different tasks such as design, financial planning, acquisition of land, […]

Eligibility of ITC under RCM Even after expiry of Time Limit

November 4, 2020 94422 Views 8 comments Print

Eligibility of Input Tax Credit (ITC) under RCM on supply received from unregistered persons Even after Expiry of Time Limit Specified in Section 16(4):- There is a lot of confusion around sec 16(4) and there are many taxpayers who are suffering from lapses of ITC due provision of Sec 16(4) especially in the case of […]

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