Karnataka HC directs petitioner to avail statutory remedy in VAT dispute involving inspection confusion between Three 1st Enterprises and Trishul Bar and Restaurant.
Delhi HC overturned ₹2.33 crore GST demand due to non-receipt of SCN and inaccessible GST portal after director’s death and business closure.
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.
Sunil Kumar Sharma fined ₹1,60,640 for violating Section 155 of Companies Act, 2013 by holding multiple DINs. Penalty details and appeal info included.
GST introduces RCM Liability/ITC Statement for accurate RCM reporting. Deadline for opening balance is 31st Oct 2024, with amendments allowed until 30th Nov 2024.
From Sept 2024, taxpayers must update valid bank account details in GST registration to file GSTR-1/IFF for Aug 2024 onwards. Non-compliance will block filings.
In the landscape of finance, Peer-to-Peer lending (P2P) has emerged as one of the best alternative investment options, revolutionizing the way individuals and businesses access funding.
