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Articles by Suyash Tripathi

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Rule 86B: Analysis of Rule mandating the payment of GST in cash irrespective of availability of ITC

  Suyash Tripathi    06 May 2021 at 09:38

CBIC has introduced a new rule 86B under Goods and Services Tax which restricts the use of input tax credit for discharging liability to 99%. The Rule is effective from 01st January 2021.



Deductions under Chapter VIA

  Suyash Tripathi    06 May 2021 at 09:38

There are a number of deductions available under various sections that will bring down your taxable income. In this article, we have discussed some deductions under chapter VIA that a taxpayer can claim.



OPC vs. Sole Proprietorship

  Suyash Tripathi    06 May 2021 at 09:38

One Person Company and Sole Proprietorship – Sounds one and the same thing, right? However, there are a ton of differences between them. Let us discuss the same.



Rationalisation of MAT Provision

  Suyash Tripathi    04 May 2021 at 09:48

The Finance Bill, 2021 has proposed to amend section 115JB to provide that dividend income and expenses claimed in respect thereof be reduced or added back from the net profit if such income is taxed at lower than MAT rate due to DTAA.



TDS on E-Commerce Transaction

  Suyash Tripathi    18 April 2021 at 18:45

Understanding TDS implications on E-Commerce transactions through the newly inserted Section 194-O of the Income Tax Act, 1961, applicable rate and various other provisions.