Popular Articles

Refund of ITC in Inverted Duty Structure with High Court Judgement

CA Arun Chhajer 09 August 2019 at 18:32

Meaning of Inverted Duty structureWord Inverted Duty Structure is not defined in GST. However when Rate of tax on INPUTS being higher than the rate of tax on ou..

All about MAT and AMT

Koushik D C 22 December 2016 at 10:53

For the purpose of better and clear understanding of MAT and AMT, I have made the comparison of various related provisions

Will GST be exempt on face masks, PPE Kits, and Sanitisers amidst COVID-19?

Sanchit Aggarwal 21 April 2020 at 11:46

GST on face masks, PPE Kit, santisiers, and ventilators is 5%, 12%, 18%, and 12%. The government has exempted basic custom duty on these products. But GST continues to be levied.

32nd GST Council Meeting: 10 things to know

P K Choudhari 11 January 2019 at 16:30

In the 32nd GST Council meeting, held on January 10, 2019, the council proposed various relief for MSME sector such as widening the scope of composition scheme,..

A target cost is the allowable amount of cost that can be incurred on a product and still earn the required profit from that product. It is a market driven cost that is computed before a product is produced. Around 80% o

Simplified summary of Significant legal decisions

Dr. Paras Jain 20 October 2010 at 11:34

Simplified summary of Significant legal decisions – Income-tax Some students approached me to simplify the latest case laws in minimum possible words and I readily obliged them. This is for your exam-eve reading. For doubts please refer to the

Inflation - Can it be Controlled?

Guest 03 February 2014 at 13:30

Introduction: It must have come to your notice, that all Central Banks throughout the globe, meaning Central Bank situate in every country, seem to be fixated with the notion of controlling the rate of inflation. They seem to be taking all steps with

Notices issued for Non-Maintenance of Cost Records u/s 148 of Companies Act

CMA Navneet Kr Jain 20 March 2023 at 09:10

Ministry of Corporate Affairs, Government of India has notified the amendment in the Companies (Accounts) Rules, 2014 which mandates the directors to report on requirement and the maintenance of cost records under section 148 of the Companies Act 2013.

Self-appraisal to improve professionalism

CA CMA CS Ram Pavan Kumar Melam 16 May 2018 at 13:44

The three ingredients namely, style of preparation, interpretation and personal philosophy greatly influence our studies as well as career. Our deep-routed char..

Key Aspects of Proposed Merger of Reliance Communications and Aircel

CS Rahul Harsh 24 December 2015 at 11:06

Reliance Communications Ltd (R-Com) entered into talks with Aircel Ltd for a potential merger a month after it announced that it would buy the local unit of Russia�s Sistema JSFC. If the Proposed Merger takes place it will change the present sc