In simple terms, the concept “GST Litigation” refers to all legal disputes involving the Goods and Services Tax (GST), especially ones involving the carryover of transition phase tax credits from the preceding indirect tax system, entitlement for input tax credits on an array of goods and services, exclusion of subsequently transferred, and non- or underpayment […]
GST Litigation: What Is It? Read More »
One of the most significant types of company formation is a partnership. In a partnership firm, two or more individuals join forces to start a business and distribute the earnings equitably. Any type of corporation, capital flow, or profession falls under the umbrella of a partnership. Contrary to corporations, a partnership business is simpler to
What are the advantages of Partnership Firm registration with Filing pool Read More »
The LUT under GST can be used by exporters to evade spending taxes on export items and services. If the exporter fails to consider this alternative, they will be compelled to pay taxes on their shipments and then seek reimbursement for any export. The LUT under GST reduces the exporter’s time and resources by eliminating
Export in LUT – Filing pool Read More »
The government is considering representation asking relief to businesses through extension of due dates for goods and services tax and other compliances. India is facing the biggest Covid-19 crisis and many industry made the representations, before the government including from micro, small and medium enterprises, wanting to extend the due dates “We have received many
Extension of due date GST Read More »
MSME SAMADHAN The Micro, Small and Medium Enterprise Development (MSMED) Act, 2006 contains provisions of Delayed Payment to Micro and Small Enterprise (MSEs). (Section 15- 24). State Governments to establish Micro and Small Enterprise Facilitation Council (MSEFC) for settlement of disputes on getting references/filing on Delayed payments. (Section 20 and 21) Nature of assistance MSEFC
RECOVER YOUR PAYMENT – MSME SAMADHAN Read More »
ALL IEC holders are now mandatory required to update and validate their IEC Details, even if there are no changes, from April to June once every year through Online system, otherwise IEC shall be de-activated and no import or export activity will be possible. 1. It is submitted that DGFT has mandated all IEC holders
Mandatory Updation of Importer-Exporter Code(IEC) Details before 01.07.2021 Read More »
