A one-time option has been given for on-going projects (not completed by 31 March 2019) to continue to pay tax at the existing GST rates (effective rate of 8
Earlier composition scheme was available only to manufacturers and traders. With effect from 1st April 2019, central government, on recommendation of the counci...
The following goods imported by Privileged Persons, Organizations, Authorities and Foreigners are exempt from IGST, keeping in mind various multilateral and bil...
MEMBERSHIP OF LLP Who can become a partner in a LLP An individual unless other disqualified A company incorporated under the Companies Act 1956 or Companies...
LLP Agreement is basically a contract entered into by the LLPs who are intending to start a LLP for carrying the business with profit motive. LLP a
The management of the LLP is done by both managing partners and designated partners, they need not be the same, as the managing partner is present to ensure leg...
CBIC Clarification on Application for Revocation of Cancellation of GST RegistrationCBIC has issued Circular No. 99/18/2019-GST dt 23 April 2019 for Clarificati...
As per Section 35 of the Act, read with Draft Accounts and Records Rules, a registered taxable person needs to maintain the following mandatory books of on a tr...
The provisions relating to the cap of 20% on availing input tax credit notified as per Notification no 49/2019 dated 9th October 2019 only adds salt to the wound as businesses which are already reeling under the present adverse economic conditions.
In this article I am proposing an Income Tax Strategy that I feel will ultimately lead to the overall development of the country and promote an inclusive growth.
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