Articles by Suyash Tripathi

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

Posted by Suyash Tripathi 06 May 2021 11263 Views

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

Posted by Suyash Tripathi 06 May 2021 13084 Views

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

Posted by Suyash Tripathi 06 May 2021 7045 Views

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

Posted by Suyash Tripathi 04 May 2021 890 Views

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

Posted by Suyash Tripathi 18 April 2021 8869 Views

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.