In every taxation system the liability of tax payable by a person has to be determined and assessed. The GST law provides for various kinds of assessment. Self-assessment of the tax liability is one of them. Every registered taxable person is required to himself assess his liability of taxes payable and furnish a return for each tax period.
Banaras Beads Ltd fined ₹6 lakh for delayed BEN-2 filing. Learn about the adjudication process, legal implications, and compliance requirements under Section 90(4).
Understand GST applicability on salvage value in motor vehicle insurance claims as clarified by Circular No. 215/9/2024-GST.
DGFT modernizes foreign trade by automating ad-hoc Input Output Norms fixation, enhancing ease of business for exporters. Learn about this pivotal change.
Explore RCM applicability for services provided by Uttarakhand Peyjal to THDC, including forward charge liability and ITC entitlement in GST context.
Detailed analysis of the RTI appeal by Nelson James Macwan against the Insolvency and Bankruptcy Board of India. Includes decision and implications.
Understand the implications of MCA’s penalty on SS Mining and Infra Private Limited and its directors for delayed financial statement submission under the Companies Act, 2013.
Discover the significant changes in the Employees Pension Scheme (Third Amendment) 2024. Learn about the new rules and their impact on employers and employees.
Learn about MCA’s penalty on Samsung SDI India for failing to comply with Section 90 provisions of the Companies Act, 2013. Details, analysis, and implications here.
Learn about the penalty of Rs. 31.83 Lakh imposed by the MCA for issuing shares in physical mode instead of DEMAT mode in the Biogenomics case.
