Admissibility of ITC on services related to motor vehicles Section 17(5) of the CGST Act, 2017 prescribes the list of blocked credits and this lists allows the ITC on few goods and services on conditional basis.
Professional Collaboration UAE VAT The introduction of the Professional Collaboration UAE VAT from 1st January 2018 has opened up an ocean of opportunities: huge in the short term and sizable accounting and compliance services in the coming years. The professional opportunities include:
Companies Amendment (Bill) 2017 Companies Amendment (Bill) 2017 was passed after incorporating certain notable amendments. The major amendments include definitions and clarification of certain terms in Section 2. Omission of provisions relating to Time limit 0f 270 days for certain filings, forward dealing and insider trading, doing away with the requirement of approval of the […]
GST E-Way Bill – Recent Changes GST E-way bill is an electronic way bill for movement of goods which can be generated on the GSTN. E-Way Bill is mandatory for the ‘movement’ of goods of more than Rs 50,000 from 1st Feb 2018.
GST levied on free samples Is GST levied on free samples? Question about the GST levied on free samples,I faced many times from my clients and colleagues because there is no special provision on this, but if you read section 7, schedule I & section 17(5) together then this confusion will crystal clear. Now let […]