GST

In the current scenario, the goodwill attached to the brands is an essential guiding factor for the consumers to decide on the purchase of the brand produc...

The Department issues circulars to provide any clarifications to a large number of people regarding the decisions taken or to communicate the decisions mad...

The theory of Input Service Distributor (ISD) is in existence since the Service Tax Regime. According to the CENVAT credit rules 2004, Input Service Distri...

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...