The concept of a Lower Deduction Certificate (LDC) continues under the Income-tax Act, 2025 with no major policy change from the Income-tax Act, 1961. Under Section 395 of the new Act (corresponding to Section 197 of the old Act), a taxpayer can apply to the Assessing Officer for deduction of tax at a lower rate […]
Understand GST definitions for e-commerce operators, suppliers, and recipients. Learn about Section 9(5) levy, TCS under Section 52, and TDS implications for ECOs and their transactions.
Learn about the AEO certification, its benefits for businesses, eligibility criteria, and the process to become a trusted economic operator in international trade.
Learn about the Special Valuation Branch (SVB) under Indian Customs and how it determines the value of transactions between related parties for fair pricing.
Understand Schedule I of the CGST Act 2017, which outlines activities treated as supply even without consideration. Learn key provisions and illustrative examples.
Explore GST Rules 27-31 for determining the value of supply under different scenarios. Learn about valuation methods and exceptions for goods and services.
