Let us take the case of Tvl.Kavin HP Gas Gramin Vitrak vide Order No. W.P.(MD).Nos.7173 and 7174 of 2023 and W.M.P.(MD)Nos.6764 and 6765 of 2023 dated 24.11.2023 to understand the impact of the unavailability of Form GSTR-2 on the Input Tax Credit (ITC) reversal and the analysis of Section 16(4) regarding the time limit for belated ITC claims.
Offences can be classified as Civil Offence or Criminal Offence and be further classified as Compoundable or Non-Compoundable Offence. Let us understand the compounding of offences u/s 441 of the Companies Act.
This Fathers Day, I would like to share one of the vivid memories I have of me and my father together. I belong to Gujarat, and one of the most important festiv...
LIST OF FAQS WITH ANSWERS 1. What is Condonation of Delay Scheme 2018 [CODS 2018][1]? Condonation of Delay Scheme 2018...
When the curtain falls on the silver screen, and the spotlight shifts to the realm of income tax, the question of deductibility for actor's fitness expenses ignites a heated debate, leaving both actors and tax authorities grappling with a labyrinth of arguments and legal grey areas.
Refunds under GST are governed by Section 54 of the GST Act. First Proviso to Section 54(3) imposes restriction on claiming Refund of unutilized Input Tax Credi...
Many professionals believe that investment banking will play an important role in almost every world-changing industry in the near future, as at the end of the day companies will always require large investors and investors will always be will in search of new companies to invest in, so it's safe to say that investment banking will be around for a long time.
Want to invest in property, but have no idea of how to kick off your search? Let us understand how to go about. Parallel to cash, stocks and bonds; property is...
The Finance Minister has introduced the Finance Bill, 2023 in Lok Sabha today, that is February 1, 2023. Changes in Customs, Central Excise, GST law and rates have been proposed through the Finance Bill, 2023.
Non-executive Directors are directors who are not in whole time employment of the company. These directors are remunerated by payment of sitting fees, commission on profits and fees for rendering professional services.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English