GST

Audit documentation is a written record, including electronic documents that are prepared during the course of the audit. The audit documentation forms the...

Liquidated damages are a common term used by the parties under a contract. Concerning the implication of indirect taxes, both in the previous law and also...

India is the primary producer for generics, and its Pharmaceutical Industry at present is the third-largest in the world in terms of volume and 14th in ter...

As per the Insolvency and Bankruptcy Code, when a default is made up to the threshold amount and application for the Insolvency is filed with the National...

The Department of Revenue under the Ministry of Finance issues notifications from time to time to keep the concerned people updated regarding changes made...

Along with the consideration for the supply of Goods and/or services, a lot of reimbursement of expenditure occurs. Tax is levied on such expenditures, exc...

The shipping industry is an essential part of global freight transportation, and it manages global trade supply-chain. More than 90% of the world trade is...

The input Tax credit is accumulated when the tax paid on inputs is more than the actual tax liability. The accumulation process is generally carried over t...

According to  Insolvency and Bankruptcy Code (IBC), 2016, once a business defaults certain threshold amount, Corporate Insolvency Resolution Process or CI...

The Goods and Services Tax, also commonly known as GST in India, offers a broader and formalised indirect tax structure without cascading effects of the VA...

The 39th GST (Goods and Service Tax) Council meeting was held on this Saturday, i.e. 14th March 2020 at the Vigyan Bhawan, New Delhi. The meeting was chair...

Lotteries will now attract a uniform Goods and Services Tax (GST) from 1st March at 28 percent as notified by the Central Board of Indirect Taxes and Custo...