What if I tell you that the concepts you have been studying which build the foundation in Finance are wrong, Read this article for more insight.
Let's look at the critical provisions of the GST law which have enabled reverse charge mechanism :-
The article highlights the rationale behind the tax policy adopted by Government of India in Budget 2017, It further provides key highlights of Budget 2017 !
Introduction of new indirect tax structure in form of GST looks more certain from 1st July 2017
Budget 2017-18 : Moving toward Digitised Economy: Cash is not the King now
Detailed analysis of changes in Income Tax Act vide Finance bill
India is rapidly moving towards its biggest Indirect Tax reform, the implementation of Goods & Services Tax (GST). In current economic environment, there is
Process to obtain reverse the shares from IEPF
There has been a major amendment in the Tour Operator Service sector through Notification No. 04/2017 dtd. 12.01.2017 which came into force on 22.01.2017.
Any reduction in rate of tax on any supply of goods or services or the benefit of input tax credit shall be passed on to the recipient by way of commensurate reduction in prices.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English