Every registered person shall, subject to such conditions and restrictions as may be prescribed and in the manner specified in section 49, be entitled to take credit of input tax charged on any supply of goods or services or both to him which are used or intended to be used in the course or furtherance of his business and the said amount shall be credited to the electronic credit ledger of such person.
Discover the significance of Form No. 12BB in the context of submitting Income Tax returns for salaried individuals and pensioners. Learn about the details required and how it aids in estimating TDS on Salary. Stay informed about the rules and regulations to ensure a smooth tax filing process.
IGST, CGST, SGST & UTGST: Learn about the different types of GST and the Payment of Tax under GST Part I by Sri. Raju of Chennai.
Explore nuances of GST registration in India, covering eligibility criteria, procedures, and intricacies of cancellation. Get insights on Section 22, 23, 24, 25, 29, and 30 of CGST Act.
Understanding Tax Invoice, Debit Note and Credit Note under GST: Section 31 & 34 of the CGST Act 2017. Learn about quantity, value, tax charged and other particulars of a tax invoice.
Understand Contingent Liabilities & Assets & how to treat them when preparing Financial Statements as per AS, IND AS & IFRS. Companies (Indian Accounting Standards) Amendments Rules 2021.
Understand the intricacies of GST Returns under the CGST Act 2017, covering monthly, quarterly, and annual returns. Explore the sections, compliance requirements, and detailed insights into various GST return forms. Get clarity on GST Practitioner enrollment, eligibility, and functions. Stay informed about the QRMP Scheme and important deadlines for filing different GST returns.
Understand Ind AS-16: Property, Plant And Equipment Amendments 2022. Simple insights on recognition, measurement, and disclosures. No major difference with IAS-16.
Understanding the taxation aspects of MSMEs with respect to the Income Tax Act 1961. Learn about the eligibility criteria and benefits for MSMEs.
Learn about the new ITR-U return introduced by the Department of Finance. Find out how and when you can file updated income tax returns.
