Drawing from the spirit of 9 days of Navratri, where each day is a step towards enlightenment and prosperity, here are the 9 pivotal recommendations of the GST Council
Clarifications regarding taxability of personal guarantee offered by directors to the bank against the credit limits/loans being sanctioned to the company
07 October 2023 at 17:32
In case of OIDAR services which are provided to non-taxable online recipient (NTOR), the OIDAR service provider is required to compulsorily pay tax on forward charge mechanism (FCM).
07 October 2023 at 11:35
10 Changes in GST which are beneficial for taxpayers w.e.f.1st October 2023
06 October 2023 at 14:39
13 Important changes in GST provisions that will affect your GST liability, Inter/Intra status of transactions, ITC availability and refund amount w.e.f. 1-10-2023.
Today, I'd like to delve into a significant legal maxim, "Lex Non-Cogit Ad Impossibilia," which translates to "The law does not compel the impossible." This principle is deeply relevant in the context of India's Goods and Services Tax (GST) system, where the concept of Input Tax Credit (ITC) matching has been a persistent challenge.
In this article we aim to bring out the clarifications, applicable timelines and also way forward for taxpayers under GST.
04 October 2023 at 14:25
E-commerce sellers are businesses or individuals who sell products or services online through various e-commerce platforms such as Amazon, Flipkart, eBay, etc. These sellers can be manufacturers, distributors, retailers, or even individuals who want to sell their products or services online.
GST Council in its 50th and 51st GST Council meetings recommended the substantial changes to the taxation landscape on the actionable claims supplied in Casinos, Horse racing and Online gaming,will be taxed @28% on full face value, irrespective of whether the activities are a game of skill or chance.
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