Section 3 of the CGST Act as amended by the Finance Act 2023 Note: Section 3 of the CGST Act is amended retrospectively by Finance Act 2023 with retrospective effect from 1st July 2017. The amended portion is depicted with a different color. Text On
What is composition levy for small taxpayers in GST covered by section 10 of the CGST Act? Composition levy is a scheme for small taxpayers. They can opt for this scheme to reduce their compliance. A composition taxpayer is required to file only 4 returns
1. Analysis of Circular no. 01 dated 27 June 2024 – Reduction of Government Litigation – fixing monetary limits for filing appeals or applications by the Department before GSTAT, High Courts and Supreme Court The Circular No. 207/1/2024, issued by the Ministry of Finance on
In the ever-evolving landscape of legal battles, recent high-stakes settlements have captured global attention, sparking discussions on corporate accountability and consumer protection. These multimillion-dollar agreements, spanning industries from healthcare to technology, reflect the complex dynamics of regulatory scrutiny and corporate responsibility. As companies navigate allegations
Impactful marketing is vital for companies seeking to drive brand awareness, acquire customers, and build market share. However, crafting and executing high-level marketing strategies can be challenging for small and midsize businesses needing more resources. Partnering with the right marketing agency alleviates these pressures by
Income tax filing is a daunting task for many Indians, often filled with anxiety and stress. The complexity of the process, combined with the fear of penalties and fines, can make it a daunting experience. However, with the right approach and mindset, income tax filing
When it comes to digital commerce these days, Amazon is an increasingly essential platform. From individuals to small businesses, the e-commerce giant is an invaluable asset for entrepreneurs that cannot be overstated. But what exactly is the importance of protecting your brand on Amazon? In
We want you to answer this one question as honestly as you can: are you the main character of your life? If the answer is no, then there might be various reasons for it. The primary reason might be that you have self-doubt to the
Legal Background: The Bombay High Court case, M/s. Aggarwal Coal Corporation Pvt Ltd vs. The Assistant Commissioner of State Tax, addresses the issue of reverse charge mechanism (RCM) on ocean freight for imports under the Integrated Goods and Services Tax (IGST) Act, focusing on Free
In the buzzing world of business, invoicing is like the heartbeat of transactions. It’s crucial, but let’s face it, nobody jumps out of bed in the morning excited to tackle invoicing tasks. However, the future of invoicing is looking bright, with trends and innovations that
