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Feb25
2019
Limited Liability Partnership (LLP) is the combination of Partnership & Private Limited Company. It is separate legal entity & juristic person who is established under Limited Liability Partnership Act, 2008.
This act contains rules & regulations related to limited liability Partnership (LLP).
Feb19
2019
The insertion of the provisions relating to the suspension of GST registration is a welcome step for the GST registered taxpayer. With the insertion of suspension provisions, all those taxpayers who have applied for cancellation of GST registration would be relieved from the continuous compliance burden under the GST law during the period when the cancellation proceedings are in process.
Feb13
2019
Major Source of Income of Tour Operator & Travel Agents:
Feb07
2019
As per CGST Amendment act 2018, the set off rules has been changed. The updated rules are presented with examples as follows:
The criteria for setting off of Input Tax Credit (ITC) has been changed under GST through Central Goods & Services Tax (Amendment) Act 2018, which has been made effective from 1st February 2019.
Jan29
2019
An ‘Input Service Distributor’ is an office of the supplier of goods or services or both which receives tax invoices issued under Section 31 towards the receipt of input services and issues a prescribed document for the purposes of distributing the credit of CGST, SGST, IGST or UTGST paid on the said services to a supplier of taxable goods or services or both having the same Permanent Account Number as that of the said office. Here we have discussed some Frequently Asked Questions on Input Service Distributors.
Jan19
2019
Under GST regime, if a registered dealer receives any sum of money as advance for any nature supply, such advance receipts will be liable to GST at applicable tax rates. Hence, the dealer must assume the amount of advance receipt as inclusive of GST and must discharge his tax liability on such advance receipts along with other tax liabilities for the relevant tax period in which advance amount is received. Continue reading the article for further details.
