Popular Articles

GST DRC-01 and DRC-07 Notices/Orders Served Beyond the Portal

Vivek Jalan 30 November 2023 at 10:20

Serving Of GST Notices In Form GST DRC-01 And Order In Form GST DRC-07 Other Than On The GST Portal Renders Notices/Orders Illegal

ITC reversal in case of supplier found bogus or non existent

CS Advocate Abhishek Goyal 22 August 2022 at 08:51

Even after completing 5 years, one gets the feeling that GST is still an evolving law. Lot many changes are taking place with almost every GST council meeting. There are still some burning issues which are yet to be ironed out and decisively settled. These burning issues have been a bone of contention between department and the tax payers.

Frivolous Appeals filed by Department

CA SUDEEP VIJAY CHHALLANI 14 November 2014 at 10:53

It is beyond any doubt to state that Income Tax Act, 1961 governing statute for Income Tax in India is one of the most intricate sta

All About NFRA Rules, FAQ's and Interpretations

CS Lalit Rajput 12 July 2019 at 17:25

ATTENTION:Form NFRA - 1 is Available for filing purpose and last date of filing is 31st July 2019. Form is uploaded on NFRA website.Link of NFRA Website: https:..

One Person Company (OPC) - All about it

CA Prakhar Jain 11 May 2016 at 11:51

BASIC CONCEPT The concept of an entity called a One Person Company (OPC) has been introduced by the Companies Act, 2013. Earlier, a company involved at least 2 persons to begin with. In such a company, a single person is the sole shareholder of the c

Service Tax VCES, 2013 - Clarifications

CA RITUL PATWA 24 August 2013 at 11:53

The Service Tax Voluntary Compliance Encouragement Scheme (VCES) has come into effect from 10.5.2013. Some of the issues raised with reference to the Scheme have been clarified by the Board vide circular No. 169/4/2013-ST, dated 13.5.2013. Subs

Accounting perspective of new GST input credit restriction rules

CMA Ramesh Krishnan 30 December 2019 at 10:12

The CBIC imposed the restriction on availment of input tax credit (ITC) under GST in respect of invoices or debit notes, the details of which not have been uploaded by the supplies under sub section (1) of section 37 of CGST act.

Detention, seizure and release of goods and conveyances in transit under GST

CA Monika Motta 24 July 2019 at 11:15

Introduction: E-way bill is not a new phenomenon. It was prevalent in most States under the erstwhile VAT regime in the name of road permit, waybill, etc. It wa..

Direct Tax Code - Some Important Aspects

CA Roopak Singh 19 January 2013 at 15:54

The readers are informed in advance that the following article may appear bit lengthy but may contain important information, so kindly bear with the same. Everyone is waiting for the much discussed Direct Tax Code, but I have noticed some points