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.
Understanding the Treatment of Discount Under GST – Section 15(3) of CGST Act 2017. Learn about the rules and conditions for excluding discounts from the value of supply.
Discover everything you need to know about MSMEs – Micro, Small and Medium Enterprises. Learn about their contribution to the economy and their impact on employment.
Stay updated on current trends, laws, and judicial approaches in electronic commerce taxation. Explore the world of e-commerce and its impact on taxation.
Understanding the intricacies of Section 194R – TDS on benefits and perquisites. Get insights into the latest CBDT clarifications and applicability.
Central Government vide its notification introduced in 2017 notified Section 59 of Insolvency and Bankruptcy Code. Prior to the commencement of Insolvency and Bankruptcy Code, 2016, the Voluntary Liquidation was governed under the Companies Act, 1956
