1. GST Returns -Questionnaire Based NIL Filing of GSTR1: 2 steps filing -Changes in GSTR-3B to capture 9(5) supplies e-Commerce -Mandatory HSN codes in table 12 of GSTR-1 -e —invoice JSON download/API for recipient/Supplier – Part A -Improvement in filing process of GSTR-4 (Annual), some alert for table 6 to avoid “0” value. 2. GST […]
Understanding the complexities of availing ITC under GST. Discover the challenges and changes in the process of claiming input tax credit.
Rs 1,33,026 crore Gross GST Revenue collected for February 2022 GST collection crossed Rs 1.30 lakh crore mark for the 5th time Revenues for the month of February 2022 18% higher than the GST revenues in the same month last year and 26% higher than the GST revenues in February 2020 The gross GST revenue […]
Taking note of the exposition of law on the subject, it is well-settled that mens rea or actus reus is not an essential element for imposing penalty or damages for breach of civil obligations and liabilities.
Held that the position that would emerge is that when a company is the payee of the cheque based on which a complaint is filed under Section 138 of N.I. Act, the complainant necessarily should be the Company which would be represented by an employee who is authorized.
Supreme Court in the case of Thanthi Trust has held that the word education occurring in Section 2(15) of the Act has to be given a wider meaning and not to restrict it to mean formal school education.
Learn about the conditions for procuring goods at a concessional rate of GST for export. Find out the requirements and regulations for qualifying for the 0.1% GST rate.
Goods and Service Tax (‘GST’) has evolved over the past 4.5 years. There are several compliances under the GST law with different due dates owing to different turnover, business operations etc. Thus, ensuring timely compliance to avoid interest or late fee becomes important for all businesses. The below tables contain the details of due dates […]
New year calls for new beginnings and revisiting your existing plans. This holds true for your mutual fund investments as well. New year can be a great time for an investor to reevaluate and reflect their investment portfolio and make changes as required. In this article, we will look at a 5-point checklist that you can choose to follow to successfully reassess your portfolio.
Gopala Krishna Mootha Vs State Govt of NCT of Delhi & Anr (Delhi High Court) In a Complaint under Section 138 read with Section 142 of the NI Act a person cannot avoid liability by merely stating that owing to his age he is unable to manage the affairs of the company It is not […]
