FAKE INVOICE Fake Invoice refers to a 'Non-compliant GST Invoice' "Non-compliant GST Invoice' means any invoice which does not comply...

As you are aware taxable event in GST is supply of goods or services or both. Various taxable events like manufacture, sale, rendering of...

*(AAR - Authority for Advance Ruling - Karnataka) Advance Ruling No. KAR ADRG 17/2020, Dated 23rd March, 2020 Clarification required to...

APPLICABILITY OF EXTENDED TIMELINE FOR FY 2021-22 Notification No. 18/2022 - Central Tax, dated 28 Sept 2022, is effective from 01st Oct...

The term 'litigation' is officially defined as the process of taking legal action in a court of law. There are two main types of tax...

With effect from 01.01.2021, section 16(4) of the CGST Act, 2017 was amended vide the Finance Act, 2020, so as to delink the date of...

The government had informed executing the fifth phase of e-invoicing to assessee whose yearly turnover exceeds Rs 10 cr to 20 cr. From...

Clarifications regarding GST on renting of motor vehicles designed to carry passengers to be paid by corporate recipients /Firms Govt. of...

Important clarifications/ amendments issued by the Government on GST in August/ September 2022 along with compliance timelines in...

Producer Company is a separate kind of legal organization under the cooperative societies in India. The main purpose of the Producer...

COMPARISON OF TABLE 4 OF FORM GSTR-3B OPERATIONAL IMPACT OF CHANGES IN TABLE 4 (B) & 4 (D) OF FORM GSTR-3B Currently, many taxpayers have...

Background In the recent circular no. 177/09/2022-TRU it has been clarified that sale of land after leveling, laying down of drainage...

What is the GST Portal of India? The official website for the Goods and Services Tax (GST) portal of India is https://www.gst.gov.in/....

We all pay a lot of attention to learn various soft skills. But a life skill which is certainly under rated but is the most important is...

INTRODUCTION Enterprising means good at thinking of and doing new and difficult things, especially things that will make money. The...

Limited liability partnership ("LLP") is a new concept envisaged for ease of doing business which acts as an advantage compared to...

Inter Corporate Loan,Investment and Guarantee (Sec 186 of Companies Act 2013) This Article will discuss about the provisions of Section...

Weekends are reserved for reading and occasionally I dabble in reading fiction. And last weekend was no exception. As I lazily moved my...

We have always discussed in length about the capital gains and its taxability. But, how many of us have noticed that Computation of...

Background Under GST, there has been confusion on whether tax is applicable on liquidated damages paid for breach of contract,...