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Search results for: supply under gst

Physical Movement of Goods Necessary for Claiming ITC

SC: Physical Goods’ Movement Necessary for Claiming ITC with Tax Invoices

It’s terrible news for the sector since the Supreme Court ruled that simply producing an invoice and a check payment is inadequate to claim ITC (Input Tax Credit). Analysts believe despite this order is concerned with problems under Value Added Tax (VAT) regime, but is likely to have an influence on GST also. The Assessing […]

Analysis of Clause (H) of Section 43B Under the Income Tax Act

New Clause (H) of Section 43B with Applicable Date & Effect

Analysis of New Clause (H) of Section 43B The Finance bill 2023 would include a new insertion of clause (h) to section 43B of the income tax act 1961. To assure on-time payments, the stated clause would have been inserted as a Socio-Economic Welfare Measure and has been realized through the Micro and small companies. […]

OIDAR Services in Budget 2023 with Suggestions

Proposal for OIDAR Services in Budget 2023 with Suggestions

The availability of less expensive cell phones with more features, along with the spread of inexpensive internet in rural India fueled by the Digital India campaign, has forced service providers to change the way services are delivered. As a result, over the past few years, the number of players in advertising, media, and education, has […]

New Changes for Textile Sector in Budget 2023-24

Budget 2023-24: Centre May Change Textile Structure for Competitiveness

In order to increase India’s competitiveness in cash-strapped Western markets, the government is expected to propose changes to the tariff structure for the $200 billion Indian clothing and textile sector in the Union budget next month, according to a senior government official. According to textile producers, the high cost of cotton has pushed them to […]

Analysis of Clause 44 of 3CD Form

Analysis of Tax Audit Clause 44 of 3CD Form for Reporting

In the current times, Clause 44 of 3CD become the ‘Buzz word’ for every professional. People are giving their views recognizing the aspect of reconciliation with indirect tax records. Form 3CD of Tax Audit Report (TAR) was revised in July 2018 via Notification No. 33/2018 on 20.07.2018 to include Clause 44 on reporting of GST […]

Madras HC Order for Numinous Impex (I) Pvt. Ltd

Madras HC: Not Refusal of ITC Refund Even If Assessee Duty Drawback Claimed

The Madras High Court bench of Justice C. Sarvanan has held that the refund of input tax credit (ITC) could not refuse even the duty drawback that has been claimed by the taxpayer. The goods defined under Customs Heading No.8483-40-00 of the Customs Tariff Act 1975 have been exported by the petitioner and claimed the […]

CBIC Circular for GST Refund Issues

Extra Money Now Refundable in Cash Ledger After Filing an Application

Those people who have the money in the cash ledger to furnish the GST will be able to avail their money post 2 years of the date of filing the tax, the action which makes the flow of cash easier for the businesses. As in the present times, the taxpayers are not able to avail […]

Opportunities for CS in India

Refreshing Opportunities in Next Year for Company Secretary in India

There are some concerned people who become company secretaries in their career and are entitled to pay attention to the information for the same. In a good way, the corporate secretary should have the ability to get communicate with the people from various other departments in the organization to provide the assurity that the company’s […]

Unanswered Questions on the ITR Portal Developed by Infosys

Mismanagement Behind Infosys ITR Filing Portal 2.0 Development

Comparing observed inadequacy with ultraist purposes like an anti-national plan to destabilize the administration is inexcusable when talking about icons like Nandan Nilekani, Infosys, and the information technology (IT) industry in general. The industry’s offering to India’s development is a matter that justifies no recurrence. Recently an article was issued in the Rashtriya Swayamsevak Sangh […]

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