It is getting difficult for GST taxpayers to match their Book's ITC with GSTR 2B ITC because GSTR-2B contains ITC which is not only related to the current month ITC. Here is a Simple Equation for matching the same.
We had earlier discuss in detail about the concepts of exemption of section 10 along with various case laws earlier in part I. In case you want to refer, the part I, please click on the link below: http://taxbymanish.blogspot.in/
For the period upto 01.04.2011, courts/tribunals allowed the credit however with advent of specific exclusion in the definition of 'Input service'
This ruling of SC will have a far-reaching effect, which has changed perception of using Partnership Firm to evade taxes. The SC has considered revaluation of the assets of a Partnership Firm is an event deemed to transfer of assets to the partners and hence taxable in the hand of firm.
10 Income Tax Amendments that are applicable from April 2023
Analysis of Retirement benefit (Gratuity)March 14, 2008Meaning :-Gratuity is a statutory benefit paid to the employees under the Payment of Gratuity Act, 1972 who have rendered continuous service for at least five years. The employee is eligible for
Life Insurance Premium:Life insurance policy can be taken on own life, life of spouse or child, child may be dependent/independent, male/femal
This is my first article of the forum, so it was only appropriate that I should start by writing about writing.It�s a very useful hobby for a CA to have cause we write so much everyday even without realizing it. Composing mails/ writing case la
Introduction: Sl. No.66 of exemption notification No.12/2017-Central Tax (rate) dated 28.06.2017 provides an exemption in case of renting of a residential dwell...
Kindly read the article fully, I've listed down Four Things to do during exams, which will help you overcome the negativity, stress, fear and help you boost your confidence in writing all the papers in exam.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English