Discover the implications of a recent AP High Court judgment on input tax credit (ITC) under APGST and CGST Act. The analysis delves into two critical issues: the time limit for claiming ITC and the constitutional validity of these restrictions. Explore the court’s examination of Sections 16(2) and 16(4) of the CGST Act, addressing whether the non-obstante clause in Section 16(2) overrides Section 16(4).
Explore the admissibility of House Rent Allowance (HRA) paid to parents or spouse under Section 10(13A) of the Income Tax Act. Analysis of judicial rulings and essential evidence for successful exemption claims.
In an attempt to eliminate fraudulent activities, the MCA issued the DIR-3 KYC form. It mandates that every director who has been assigned a Director Identification Number (DIN) as on 31st March of a financial year must submit their KYC details to the MCA.
Discover the benefits of Corporate NPS for tax planning, enabling multiple retirement avenues and a diversified superannuation portfolio. Learn how employers can provide this option to their employees.
Explore the streamlined process for the Removal of Names of Companies under the Companies Act 2013. Learn about the Ministry of Corporate Affairs’ initiatives, such as the C-PACE Centre, aimed at simplifying company closures. Understand the two modes of name removal – Voluntary Strike off by management and Strike Off by ROC.
Learn how to incorporate a company in India under Section 7 of the Companies Act, 2013 using FORM SPICe+. Get step-by-step guidelines and prerequisites.
Learn about the applicability of side letters in investment transactions in India and internationally. Explore judicial pronouncements and considerations.
Explore special tax provisions applicable to Non-Resident Indians (NRIs) under Chapter XII-A of the Income Tax Act, including tax rates, exemptions, and options after becoming a resident.
Explore impact of Foreign Portfolio Investment (FPI) on Indian economy, including benefits and risks, as well as need for regulatory reforms to manage FPI effectively.
Learn about credit note issuance, conditions for issuing credit notes, time limits, and the importance of ITC reversal in GST transactions.
