Learn how gifts and benefits received in business, like non-cash items, are taxed under Section 28(iv) of the Income Tax Act. Understand the rules and avoid surprises.
Understand the admissibility of Input Tax Credit (ITC) under GST when goods are delivered to an unregistered cold storage facility.
Summary: Reverse Charge Mechanism (RCM) under the Goods and Services Tax (GST) shifts the tax payment responsibility from the supplier to the recipient for certain notified goods and services. As per Section 9(3) and 9(4) of the CGST Act, 2017, RCM applies to specific services like transportation by a Goods Transport Agency (GTA), legal services, […]
Learn how to register as a SEBI index provider in India. Understand eligibility, registration process, criteria, responsibilities, and costs involved for offering financial indices.
