1. In terms of rule 96A of CGST Rule-2017 which was notified under Notification No. 16/2017 dated 07-07-2017, any registered person availing the option to supply goods or services for export without payment of IGST shall furnish, prior to export, a bond or a LUT in Form GST RFD-11. 2. The facility of export under […]
Sub-section (8) of section 154 specifies that rectification application under this section need to be disposed off in a time bound manner (i.e. six months from the end of the month in which application is received).
As you are aware that Corporate Social Responsibility (CSR) is a concept that a business has a responsibility to do good. CSR means a company should self-regulated regulate its transactions so that it will be accountable for its stakeholders such as shareholders, suppliers, creditors, financial institutions, social environment, government etc. CSR means a business entity […]
In this article, I will discuss various situations having taxability implications under a deeming fiction. For the first time with the introduction of Negative List based Service Taxation, effective from 1st July 2012, a separate class of service, termed as ‘Declared Service’, was introduced under Section 66E.
As you are aware that ‘A fraud is an act of deliberate deception with the design of securing something by taking unfair advantage of another. It is a deception in order to gain by another’s loss. It is a cheating intended to get an advantage. In this Article, we are going to know some factors […]
Advisory for Non Residents to get the profile status updated on the Income tax Portal/ NSDL to prevent the PAN from becoming inoperative The SC, in its judgement, upheld the legal validity of this section in its entirety and provided partial relief. Vide Press Release dated 10 June 2017 (pursuant to the SC decision) Various […]
Uncover the complexities of availing Bonus ITC under the GST law. Understand the importance of proper tax compliance and avoiding lapsed credits.
It is critical to comprehend the company’s operations in order to classify them as more accurately using GST codes for goods and services. Also, look over the accounting records to see if they are up to snuff, keeping in mind the GST law’s obligations. It will give the acquirer a clearer picture of how GST affects each goods and service, as well as how it affects the total GST liability.
Valuation is a science and an art. Valuation is a sort of realty check of business. However, Valuation can sometimes be too optimistic as well which can be observed from recent IPO listings, which kept tanking at the Stock market. A business valuation done appropriately would save business from going on verge of breakdown. The […]
CBDT has issued Notification No. 19/2021 dated 26th March 2021 which makes it mandatory for all the trusts/ societies/institutions registered under section 12A and 80G to obtain fresh registration in prescribed format The applicant shall make an application in Form 10A with the Principal Commissioner or Commissioner authorized by the Board on or before the […]
