Input Tax Credit is admissible when consideration is paid through book adjustment as detailed above, subject to the other conditions and restrictions prescribed in Section 16, 17 and 18 of the CGST Act, 2017 and the rules made there under.
IBBI suspends Insolvency Professional for inconsistency in conducting auctions during the liquidation period, conducting valuation beyond prescribed timelines, and reducing the auction’s reserve price beyond permissible limits
Explore the game-changing potential of 5G technology in modern society. Learn about its high-speed data transmission, real-time communication, and diverse applications across industries, while addressing challenges like network security.
Read SEBI’s consultation paper on collating and defining use cases of Financial Information Users in the Account Aggregator Framework in securities markets. Share your views through public comments.
Read SEBI’s circular (Aug 2023) on trading preferences for commodity derivatives. Learn about the format for clients & stock brokers, and opting-out facility.
Get clarifications on GST applicability for services provided by directors in personal capacity and supply of food in cinema halls. Learn about reverse charge mechanism
Get the latest GST clarification on rates and classification of goods based on the 50th GST Council meeting. Learn about changes in GST rates and applicability.
The Income Tax Department records a new milestone with over 6.77 crore ITRs filed for AY 2023-24 by July 31, 2023, showing a 16.1% YoY growth.
In July 2023, India’s GST revenue collection reached ₹1,65,105 crore, marking an 11% YoY growth. Domestic transactions saw a 15% YoY rise.
Ministry of Commerce & Industry Fresh guidelines for tyre manufacturers by Ministry of Commerce and Industry The Indian tyre industry has been witnessing a rise in the demand for production of tyres for export and domestic sales. The increasing ownership of vehicles aids the tyre industry. There is also a surge in demand for tyres […]
