This article explains the GST Penalty on Fake Invoicing & Wrong ITC Claim. Learn about the applicability of Section 73 & 74 penalties for dishonest ITC. GST registered suppliers beware!
Gullak introduces Gold leasing with their new feature Gold+. Lease your Gold to get 5% extra returns, giving 16% overall returns on your gold investments
Find out why Indian intermediaries rendering services to a foreign principal may be liable for GST despite the general principle of place of supply being the place of recipient. Learn more in this blog post.
Benford’s law describes the relative frequency distribution for leading digits of numbers in datasets. In this article we are discussing the possible ways to implement this theorem with understanding our needs and business practices of record keeping.
Goods Transport Agency means any person who provides service in relation to transport of goods by road and issues consignment note, by whatever name called. Individual truck/tempo operators who do not issue any consignment note are not covered within the meaning of the term GTA.
RED Flag is an essential tool for forensic audit to uncover potential fraud and unethical activities. Use RED Flag to detect fraud, financial mismanagement & legal risk.
In today’s era, businesses play a prominent role in a country to uplift its economy. Hence, it is also essential for a government to regulate and monitor these businesses as well. From this point of view, business law came into existence. It is nothing but just the involvement of a government in regulating and monitoring businesses.
GST Act 2017 has introduced several discrepancies. Read harmoniously to make sense of them. We explore how to read the Act and find certainty.
Discover the Percentage Completion Method for Undisclosed Cash Receipts! Learn how the Excel sheet found during a search can be used as evidence and how figures mentioned in the sheet can be relied upon. Tax implications are also discussed!
Discover what disclosure requirements need to be made when promoters of listed companies encumber their shares, as dictated by Regulation 31 of SEBI’s Takeover Regulations. Learn more about the particulars involved!
