We are pleased to announce release of our Handbook on Goods and Services Tax, titled, GUIDE TO REVISED MODEL GST LAW (With Draft Rules on Registration, Payment, Invoice, Returns and Refund) [3rd Edition]
In the present article, efforts have been made to analyse drawbacks in present ITR / TAR and to suggest some measures to eliminate them.
Section 169. Credit of eligible duties and taxes in respect of inputs held in stock to be allowed in certain situations This provision intends to enable the taxable person to avail the cenvat of duties and taxes in respect of inputs held in stock subject to certain conditions. The provision reads as follows
These rules may be called the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax (Amendment) Rules, 2016.
Each year HMRC receives a number of unusual excuses from Self Assessment customers who didn’t complete their tax return on time.
For every home buyer, the most important thing is to get the home loan application accepted by the lender. But this can be challenging for a person who has a low CIBIL score. And most people learn that after their home loans are rejected.
Guidelines, approved by Central Board of Trustees, EPF on 19.12.2016, for processing cases of surrender of EPF Exemption granted to Establishments, is as under:-
Be it the tax reforms or demonetization or interest rate cuts or Shrinking stock markets real estate sector always reflects without a doubt
The exit of Cyrus Mistry from TATA group was not a crisis situation and wouldnt change the fundamentals of companies. The sudden removal of Mistry took the market by surprise and in the near-term, some volatility in Tata Group stocks was seen. It raises questions on the governance front too.
An attempt has been made in this article to analyse revised provisions of Input Tax Credit. Eligibility and Conditions for taking ITC:
