Stay updated on the latest Exemptions under GST with insights into power provisions, notifications, and points to ponder. Understand exempt supply implications, composite supply, mixed supply, and more. Ensure compliance and avoid penalties with accurate interpretation of exemption notifications.
Gujarat AAR Ruling in the case of Shree Sawai Manoharlal Rathi (GST AAR Gujarat) on Inclusion of Interest in Turnover for GST Registration is not in line with Spirit of Legislation. Historic Tax Regime i.e. Goods and Service Tax opens the umbrella of litigation for the professionals as well as brings the ray of hope […]
Goods and Service Tax law in India is a multi-stage, comprehensive, destination – based tax that is levied on every value addition. GST is one Indirect Tax Regime for the entire country and levied on the supply of goods and services. GST replaces many indirect tax laws that was previously prevails in India. Whereas, due to flooded notifications, […]
1. Introduction and Objectives of Benami Law Benami Transaction (Prohibition) Amendment Act, 2016 came into force w.e.f 01-Nov-2016. This Act was amended to curb black money transactions to ensure that all transactions are conducted in the name of the actual owner and needs to be paid from his accounted sources. The amendment in benami law […]