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What are the advantages of registration to a taxpayer? Who are not liable for registration under GST? and more...

What are Internal controls? What are Internal Financial Controls? and more...

What are the requirements of Ind AS 101? Does the standard provide any exemption from the requirements in any specified areas? and more...

An Advance Ruling helps the applicant in planning his activities, which are liable for payment of GST, well in advance.

Goods and services tax (hereinafter referred to as GST), a consumption-based value-added tax is the tax levied on the purchase of goods, services or works.

A person is said to be a casual taxable person in a particular State if he occasionally undertakes supply in that State/UT where he does not have a fixed place of business.

During the pre GST period the goods consigned could have either invoice or delivery challan or the prescribed challan under the respective VAT or Sales Tax Act of the particular State.

Interest on delayed payment of tax: Section 50 of the Central Goods and Services Tax Act, 2017 (‘the CGST Act’ or “the Act”)

GST is a document based regime. Every transaction should be supported by at least one of the documents specified in GST law. The term ‘invoice’ was synonymously referred as tax invoice in GST law and was also defined as such.

“job work” means any treatment or process undertaken by a person on goods belonging to another registered person and the expression “job worker” shall be construed accordingly.

Increasing exports ranks among the highest priorities of any government wishing to stimulate economic growth. To achieve this, governments invest their available resources in creating a conducive environment for investment.

In any tax system, registration is the most fundamental requirement for identification of tax payers to ensure tax compliance in the economy.

Under the Reverse Charge Mechanism (“RCM”), the liability to deposit tax shifts from the supplier to the recipient.

TDS generally means a certain registered person making payment or crediting to the supplier’s account for supply of taxable goods or services or both is required to deduct GST at source if the contract value without taxes exceeds the threshold limit.

Answers to the Questions (ATQs) raised during the Live Webcast on,“CSR Laws, Accounting and Taxation”,held on 29th April, 2020