Punjab VAT Tribunal in The 21st Century Builders and Engineers vs State of Punjab VSTI 2013 17 C-388 has held that input tax credit cannot be disallowed merely on the technical ground that VAT has not been charged separately in VAT invoice, when tax
The Ministry of corporate Affairs has released the much awaited exemptions for Private Companies, Government Companies, Nidhi Companies and Companies registered under Section 8 of the Companies Act, 2013 (Act). Since the introduction of the Companies
Hello Friends, I am CA Final student. This is my first article on CCI. I am not going to share anything about the study methods and other important things related to CA Studies. I am just going to express my views on CA and the Burning Desire which
Having been engaged in Practice made me analyze some of the situations we are often stuck in. What I am going to write ahead is a little compilation of inferences drawn out of my own experiences and that of others. I have tried to find out the possible solutions as well. Hope it will help the readers.
In the era where Artificial Intelligence is gaining prominence, the GST department has also become pro-active and has started to adopt automated notices. The last one and half years has seen a sudden rise in litigation.
Waiting for NFRA Like Regulatory body for banks, Bureaucracy, Political Parties, Taxation Authorities, & Medical, Legal & Company Secretary Profession!!
Tax planning is an art of reducing the tax burden legally.
IFRS are considered a "principles based" set of standards that establish broad rules for accounting.Rules-based standards such as US GAAP have an accounting rule for almost every type transaction. There are various oversight bodies whose objective is
As per the judicial interpretation of Section 68 of the Income tax Act 1961- Unexplained cash credits, the responsibility of the assessee is to prove the identity of the creditor, genuineness of the transactions and credit-worthiness of the creditor. Here is the detailed judicial interpretation.
Clause 58 of Finance Bill, 2022 deals with section 194R which expressly states this change will take effect from 1st July 2022, though the section has been inserted from 1st April 2022.
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