Reversal of ITC in case of goods lost by fire

Reversal of ITC in case of goods lost by fire In GST regime, the scope of the definition of inputs, capital goods, and input services is very wide and covers almost all the imaginable goods and services that are directly or indirectly used in the course or furtherance of business. However, section 17(5) prescribes a […]

GST – Anti-profiteering becomes a board issue

GST – Anti-profiteering becomes a board issue Anti-profiteering under the goods and services tax has gone from being a plain costing issue to one that’s worrying board members. Several directors have written to company CFOs and finance teams seeking an update on price reductions under GST, said people aware of the matter.

Conversion from Limited Company to Private Limited Company

Conversion from Limited Company to Private Limited Company Do you want to change your limited company to private limited company? There are many companies looking for change limited company to private limited company. The main reasons are the relaxations available to a private company. However, there are some legal bindings related to the conversion of […]

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