Generally the input tax credit eligibility is based on whether the same is used for taxable supplies or exempt supplies.
Compulsary GST Payment under Reverse Charge
In this article, it is discussed about "Reduction of Share Capital" and its procedure under section 66 of the Companies Act, 2013 in line with NCLT Rules, 2016 ..
Some unanswered thoughts on General Anti-Avoidance Rules
This is probably the most searched/asked question, so I thought to express my views on this. I will be discussing many topics which is beyond Facebook & Whatsapp !
This article discusses in detail about GTA not covered under reverse charge under GST regime.
This article discusses in detail about application for Import Export code(IEC) application under GST regime
This article presents a matrix about how to claim input tax credit on opening stock as per transitional provisions u/s 140 of CGST Act, 2017 in respect of vario..
In this article, I will go through the Timeline on the Murty-Sikka saga with the who said what details and also how Infosys can save itself.
According to the GST law, every registered taxable person is required to submit the details of outward supplies in the GSTR-1.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English