To bring clarity to the provisions of GST and to reduce the ambiguity of the law, Advance Ruling Authority (AAR) was established. An Advance ruling is a written decision provided by the Authority or the Appellate Authority to an applicant on matters or questions relating to the supply of goods/services, etc. An advance tax ruling…
Uninterrupted and seamless flow of input tax credit (ITC) is one of the key features of the Goods and Services Tax (GST) law. It is a mechanist avoid cascading taxes. As per the provisions of GST Law, every registered person is eligible to claim ITC on the purchase of goods or services or both…
Beware of Sham Entities Being Created Using Your Details “Caution is the parent of safety” With the development and access to technology across the globe, cybercrime is the biggest challenge in today’s world. Sharing personal information with others should always be in a secure manner which maintains the confidentiality of the data. In this digital…
Money as a medium of exchange helps us in acquiring different necessities to live a comfortable life. In a historical era, people used the barter system for purchasing things that they required but because of its inherent limitation of having people’s requirements coincide with each other to fructify the transaction, there comes the era of…
The government of India aims at supporting million-plus taxpayers to adopt E-Invoicing. It is also relevant that it must take an active approach in screening fraudulent GST evasion practices by registered persons. This electronic real-time exchange of invoicing data will help the Government plug the GST gap and help businesses to streamline the operation of…
People who want to start or take over a business can call on the services of an accountant to find the answers more easily to all their questions regarding the implementation of their project. This professional has the skills necessary to keep the accounts of your business. With chartered accountant service in GST, it becomes possible…
As we discussed in our previous blog about the validity of Rule 89, at last, we have discussed the Gujrat High Court Judgement Interpretation. Now, we are continuing our article with Madras High Court Judgement Interpretation. Madras High Court Judgement Interpretation: – After witnessing divergent judgments by different High Courts, such a case attracted the…
Under any law, the scope for litigation on certain provisions always exists. Some of the provisions requiring less clarity or arguments get settled at the lower court, however, certain provisions are unconstitutional or violative to the rights of the taxpayers which attracts the attention of the High Courts or in some cases, the Apex court…
What is Sexual Harassment? As an individual, we all knew the meaning of sexual harassment but according to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 the sexual harassment includes any one or more of the following unwelcoming acts or behaviours (whether direct or indirect) namely:- physical contact and advances;…
The ongoing pandemic has disrupted the businesses in India adversely wherein taxpayers are avidly expecting certain exemptions which could offer them the ease of doing business. On the flip side, one among the authorities of Advance Ruling (AAR) has ruled that GST liability must be discharged under reverse-charge mechanism on the amount of interest calculated…
