Rule 32(4) of CGST Rules excludes LIC premium portions from taxable value. No ITC reversal needed for these excluded portions.
It is well known that all banks baring private ones always insist for capital infusion by Government which passes negative results on public as Government always conveys banks to raise capital on their own. For your information in August this year, the RBI governor expressed concern over the decline in bank deposits and stated that […]
Explore illustrative accounting policies for non-company entities as per ICAI standards, covering preparation, revenue recognition, depreciation, and more.
सुप्रीम कोर्ट ने ‘बुलडोजर जस्टिस’ के खिलाफ याचिका पर सुनवाई की। त्वरित विध्वंस की कार्रवाई पर दिशानिर्देश और नोटिस जारी किए।
Explore the scope, procedures, and implications of provisional attachment under GST as per Section 83 of the CGST Act, 2017, and related court rulings.
Understand the GST taxability of salvage in motor vehicle damage claims. Explore how insurance companies handle GST when dealing with total loss and partial loss scenarios.
Allahabad High Court criticizes misuse of the POCSO Act, granting bail to an accused falsely implicated due to age misrepresentation. Judgment emphasizes justice and careful fact verification.
Explore the tax and GST implications on online gaming income in India, including changes under the Finance Bill, 2023, and the CGST Act, 2017.
To mitigate the complexities associated with the direct correlation of inputs and input services utilized for exports, Rule 89(4) of the CGST Rules provides a straightforward proportionate formula to determine the maximum allowable refund of GST. However, to safeguard the interests of the Revenue, Rules 89(4A) and 89(4B) were subsequently inserted.
Stay updated with the compliance due dates for GST, Income Tax, ESI, and PF Acts. This comprehensive calendar includes important dates for GSTR-1, GSTR-3B, ITC-04, GSTR-5 & 5A, GSTR-6, GSTR-7, GSTR-8, TDS/TCS payment, Advance Tax payment, TDS/TCS certificate issuance, Aadhaar-PAN linking, PF/ESIC payment, and PF return filing.
