GST Input Tax Credit: What is Input Tax Credit: The meaning of ITC can be easily understood when we take the words ‘input’ and ‘tax credit’. Inputs are materials or… Read More
Assessment under GST Act Section 2(11) of the CGST Act defines assessment as the determination of tax liability under this Act and includes self-assessment, re-assessment, provisional assessment, summary assessment, and… Read More
www.carajput.com; Advance ruling What is Advance Ruling: The advance ruling” means a decision provided by the Authority or the Appellate Authority to an applicant on matters or on questions specified… Read More
MCA Updates: MCA MCA has initiated the process of the constitution of the NCLT & NCLAT and in this regard notified the vacancies for the post of Technical Member & Judicial Member in the… Read More
Direct tax Updates: DIRECTORATE OF INCOME TAX (SYSTEM) issued Instruction No. 6 dt. 20-02-2019 regarding Processing of Return of AY 2017-18 and Issue of notice for prima facie adjustment under 143(1)(a).… Read More
Direct Tax Updates: The government announced a series of changes aimed at freeing investors and entrepreneurs from the so-called angel tax that’s roiled India’s startup ecosystem. It raised the exemption… Read More
Direct Tax Updates: Case Law On Income Tax: Shrivardhan Mohta Vs. Union Of India Prospective application of Black Money - the Act of 1961 does not impose a punishment of imprisonment while… Read More
Value of Supply What is the Value of Supply? The value of Supply in common terms is nothing but the amount paid by the recipient on supply to the supplier… Read More
Nature of Supply Under GST Act What is Nature of Supply: The Nature of Supply refers to “the relationship between the various possible prices of a product and the quantities of… Read More
Levy of GST The Act came into effect on 1st July 2017; Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition.… Read More