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Revocation of cancellation of registration means the decision to cancel the registration has been reversed and the registration is still valid. Section 30 of the CGST Act 2017 read with Rule 23 of CGST Rules, 2017 deals with revocation of…
Last week, the Reserve Bank of India has announced a three-month moratorium on all term loans outstanding as on March 1, 2020, as well as on working capital facilities. Now, The Indian Banks Association has answered a list of Frequently…
The biggest ignorance amongst tax payers is that the only scope for saving tax is in the realm of the ever so popular Section 80C (i.e. Life Insurance, PF, Long term FDs, etc.) In today’s post, we look at some…
GST Composition scheme – what is it? GST Composition scheme is where you pay tax based on a smaller tax as a percentage of your turnover. But the downside is that you cannot take any input tax credit. For example,…
