Self-Regulatory Organization is under the limelight for the past one year and now SEBI has recognized BSE Administration and Supervision Ltd. (BASL), a wholly owned subsidiary of BSE Ltd as an IAASB.
Works contract has always been a debatable issue, be it whether a transaction qualifies as works contract or availing deduction from turnover or input tax credi..
In the Erstwhile law there were confusions to classify, in few cases, whether an activity is sale of goods or service where the services are bundled with goods ..