The concept of reverse charge mechanism was introduced in erstwhile Service Tax laws. Generally, tax is payable by the person who provides Services but under reverse charge mechanism the liability to pay tax has shifted to recipient of Services.
Explore GST implications for renting residential and commercial properties, focusing on exemptions and reverse charge mechanisms for landlords and tenants.
GST TDS on metal scrap supply made applicable from October 10, 2024, under Notification 25/2024. Learn about Section 51 of the CGST Act, rates, and compliance.
Explore the regulatory challenges and competition concerns surrounding the Disney-Reliance merger in India’s media and entertainment sector.
Key takeaways from the Safari Retreats verdict on Input Tax Credit (ITC) allowance for construction of immovable property under GST. Learn the exceptions and functionality test.
Section 80E of the Income Tax Act provides deduction towards interest paid on loan taken for higher education. The current article covers deduction under section 80E of the Income Tax Act; eligibility for claiming deduction under section 80E; amount and period of deduction u/s. 80E; source of loan availment for claiming deduction u/s. 80E and […]
Can a single SCN cover multiple GST years? Learn the legal stance, timelines under Sections 73, 74, 74A, and court rulings on consolidated GST notices.
RBI keeps repo rate unchanged at 6.5% and revises inflation outlook. New regulations focus on responsible lending, UPI limits, and climate risk data.
Explore how blockchain and smart contracts enhance compliance in M&A under Indian securities regulations, ensuring efficiency and transparency.
जानें कैसे जीएसटी एक्ट में विलंब क्षमा के प्रावधान सीमा अधिनियम 1963 के तहत लागू होते हैं, और किन परिस्थितियों में माफी दी जा सकती है।
