Are you confused while determining value of supply in case foreign Currency Exchange ?
RULE: 32 Determination of value in respect of certain supplies.-
Notwithstanding anything contained in the provisions of this Chap...
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Important Definitions Under GST
Let’s Understand the basic definitions under GST in simplified language
“adjudicating authority” means any authority, appointed or...
MSME (MICRO, SMALL, AND MEDIUM ENTERPRISES)
Definition:
MSMEs are small-sized business enterprises defined in terms of their investment. According to the provisions of the Mi...
START UP INDIA SCHEME
The Startup India Scheme is a government initiative aimed at fostering entrepreneurship, innovation, and job creation in India. Here ar...
Demand and Recovery under GST – Detailed Analysis
SECTION 73 : Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised for an...
All about Import of goods under GST – Detail Analysis with Live Practical Examples
Import : Bringing Goods into India from a place out side India.
Case Study : Mr Ram has purchased certain goods from America after m...
Are Confused About Requirement of maintenance of Books of Accounts as per GST Law ?
SECTION 35 : ACCOUNTS AND OTHER RECORDS
Every registered person shall keep and maintain, at his principal place of business, as m...
Are you Confused to decide Value of Supply
Are you Confused to decide Value of Supply ? – Read our article for deep Analysis
SECTION 15(1): The value of a supply of goods or s...
BANK BRANCH AUDIT PLANNING – Analysis
Step 1 : Understanding the Business of Bank Branch
understand the nature of activities carried out at the bank branch
study the...
Foreign Subsidiary Company and its Compliances
Definition of Foreign Subsidiary Company :
A foreign subsidiary company is any company, where 50% or more of its equity shares are ...
