Amid conflicting opinions & interpretations, the CBIC has issued a notification as proposed during Budget 2022, to allow Input Tax Credit (ITC) claims and amendment of invoices till 30th November 2022.
Discover the advantages and considerations of FDI in India: Should you choose a company or LLP structure?
Understanding the Double Taxation Avoidance Agreement (DTAA) between India and USA. Learn how this tax treaty helps prevent double taxation on income.
Affiliation granted to colleges for imparting education is not exempt vide entry No.66 of notfn No.12/2017-CT(R) dated 28.6.2017 and Affiliation in relation to a college is an activity to recognize such college to the privileges of the university to which the institution is affiliated.
Explore the detailed analysis of SEBI (Listing Obligations and Disclosure Requirements) Sixth Amendment Regulations, 2022. Changes in regulations covering independent directors, financial statements, and disclosure norms are examined, providing insights for listed entities.
Amendment has been made in formula prescribed in subrule (5) of Rule 89 of CGST Rules, 2017 for calculation of refund of unutilized Input Tax Credit on account of inverted rated structure vide Notification No. 14/2022-Central Tax dated 05.07.2022.
Navigate through the intricacies of the Nov’2022 GSTR 3B Return with expert advisory on notices from State Governments. Understand the adjustments required and the way forward to ensure compliance before the November 20, 2022 deadline.
Explore the provisions of Section 270AA, offering a strategic avenue for assessees to avoid penalties for under-reporting or mis-reporting of income. Learn about the conditions, application process, and the responsibility of the revenue to guide assesses through this insightful article.
Normally GST is charged on the transaction value of the goods. However, in respect of second hand goods, a person dealing in such goods may be allowed to pay tax on the margin i.e. the difference between the value at which the goods are supplied and the price at which the goods are purchased. If there is no margin, no GST is charged for such supply.
Unravel the nuances between SLP Dismissed and Appeal Is Dismissed by the Hon. Supreme Court. Explore the legal distinctions under Article 136 and Article 133 of the Constitution, clarifying the impact and binding nature of each dismissal on lower courts and authorities.
