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
Direct Tax updates: The Income Tax Act, automating tax collection and return processing and making the process user-friendly are priorities for the National Democratic Alliance (NDA) government The Narendra Modi… Read More
Indirect Tax Updates: The Central GST Department decides to take measures to Recover Interest amount from the defaulters under section 50 of the CGST Act, 2017 including Recovery of Properties… Read More
OVERVIEW ON PLACE OF SUPPLY: GST is a destination-based tax, in which the goods/services will be taxed at the place where the goods and services are consumed and not at… Read More