Indirect Tax Updates: The Goods and Services Tax Council will focus on lowering the tax rate on under-construction properties. A ministerial panel has firmed up its recommendations in this respect,… Read More
MSME Mandatory Reporting: The government has given a new turnover based classification of MSMEs in February 2018. As per this new classification, the MSMEs are categorized in term of business… Read More
Indirect Tax Updates: Almost 73% of Indian received ‘angel tax’ notices more than 2,500 startups and entrepreneurs While the government has indicated that it is working to resolve the issue… Read More
Complete Overviews of Unique Document Identification Number(UDIN) UDIN - ICAI Council has decided UDIN can be generated within 60 days (in place of 15 days). ICAI: Without UDINs in all IT… Read More
Indirect Tax Updates: FAQ’s on GST: Ques. Is a “Bill of Supply” to be issued by a bank for exempt services like interest on loans and advances, inter-sale or purchase… Read More
Direct Tax Updates: The Income Tax department has come to know about the downstream investments with the US government sharing information on downstream companies that are incorporated there. Since 2012,… Read More
Direct Tax Updates: May Raise Investment Limit of Angel Tax Concessions for Startups from existing INR 10 Crore to INR 25-40 Crore. Monetary limits prescribed for filing of IT appeals… Read More
TIME OF SUPPLY UNDER GST LAW: Guide on Time of Supply as per Section 12 of Central Goods and Services Tax Act, 2017 Time of Supply of Goods Concept of… Read More
Corporate and Professional update on 8th January 2019 Direct Tax Updates: CBDT clarifies that the circular issued by the Board on July 2018 prescribing Monetary Limits for Tax Appeals would… Read More
micro small and medium enterprises Overview on MSME’s Companies: What is the definition of MSME? The Micro Small & Medium Enterprises (MSMEs) are defined in India in the MSME Act… Read More