COMPOSITE SUPPLY AND MIXED SUPPLY
Tax Liability on Composite and Mixed Supplies In GST, multiple goods or services are often supplied together in a single transaction. To ensure the correct levy of tax, the law classifies such transactions into two…
Tax Liability on Composite and Mixed Supplies In GST, multiple goods or services are often supplied together in a single transaction. To ensure the correct levy of tax, the law classifies such transactions into two…
Introduction to Composition Scheme under GST The Composition Scheme under Section 10 of the CGST Act, 2017 is a simple and hassle-free tax scheme for small taxpayers. It allows eligible businesses to pay GST at…
Rectification of Name of Company Under the Companies Act, 2013, every company must have a unique and non-infringing name. If, after incorporation, it is found that the name of the company is identical with or…
Taxation of Foreign Exchange Fluctuations With globalization, many Indian businesses engage in international transactions involving foreign currencies. These dealings are subject to fluctuations in exchange rates, leading to foreign exchange gains or losses. To bring…
Taxpayers with capital gains in Q1 can go to court if they are charged interest for failing to pay advance tax, as the Cost Inflation Index (CII) was not released before June 15, making it…
Conversion of Companies Already Registered Section 18 of the Companies Act, 2013 deals with the conversion of an existing company from one type to another, such as a private company converting into a public company…
Cash Payments under Income Tax Act The Income Tax Act, 1961, promotes digital and transparent financial transactions. Therefore, cash payments beyond certain limits attract disallowance under specific provisions. These rules ensure accountability and prevent tax…
Tax on Dividends, Royalty & Technical Fees for Foreign Companies Section 115A of the Income Tax Act, 1961, provides special tax rates for foreign companies and non-resident individuals earning certain types of income from India.…