Discover the enhanced features of LLP Version 3 portal. Learn about the seamless transition, user-friendly interface, and new services for LLP’s.
We are recovering from COVID-19 pandemic era in which whole world has stopped due to deadly COVID-19 virus and business activities have also been at hold. The business houses are starting their activities of merger and acquisitions.
Understanding the recent ruling on blocking Input Tax Credit (ITC) under Rule 86A by the GST department. Learn more about the implications and legal considerations.
DIN refers to a unique identification number allotted to an individual who is willing to be a director or is an existing director of a company. DIN is obtained by filing an application in eForms DIR-3.
Input tax credit shall be allowed in case of genuine transactions made before the cancellation of GST registration. ITC cannot be denied on genuine transaction with suppliers whose GST registration was cancelled after transaction.
Please note that ITC once availed as per Section 16 (Rules thereto i.e. 36) is credited to Electronic Credit ledger of the registered person and can be utilized for payment towards output tax as provided in Section 49 of the CGST Act, 2017 subject to the conditions and restrictions mentioned in Rule 86A & 86B.
Understand the new TDS section 194R of Income Tax Act and its impact on perquisites or benefits on business and professions.
Understand the implications of Section 194R TDS on benefits and perquisites in business. Learn about the rates, thresholds, and deductions.
Sec 16 of CGST act provides some conditions, input tax credit can only be claimed after fulfilling these conditions: The said goods or services or both are used or intended to be used in the course or in the furtherance of business.
The Trademarks Act of 1999 allows for trademark registration online, which are markings capable of being expressed graphically and differentiating one person’s goods and services from those of another. Sections 9 and 11 of the Act make it abundantly plain that a mark must be sufficiently distinctive to be registered.
