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Basic Concept of Tax Invoice, Credit note and Debit note under GST
Understanding tax invoices, credit note and debit notes is essential in navigating the complexities of the Goods and Services Tax (GST) regime in India. Let’s delve deeper in
GST Enforcement Practices: Misuse and the Urgent Call for Reform and Fair Practice
Introduction The Goods and Services Tax (GST) was introduced to simplify the tax framework and foster ease of doing business by unifying the tax structure across India. However, th
Impact of GST on the Entertainment Industry, with a Focus on Over-the-Top (OTT) Platforms
Introduction The Entertainment industry has experienced a profound transformation in recent years, driven by technological advancements and changing consumer preferences. One of th
GST Summons: Navigating Legal Insights and Compliance Strategies
Introduction In the complex framework of India’s Goods and Services Tax (GST) regime, the issuance of summons under Section 70 of the CGST Act, 2017, often instills a sense o
GST Credit Note Declarations: Navigating the Legal Framework
In the complex landscape of tax compliance, particularly within the domain of Goods and Services Tax (GST), the process of issuing and declaring credit notes holds significant impo
Understanding Slump Sales: A Comprehensive Guide
Introduction and Meaning A slump sale refers to the transfer of an entire business undertaking, or part thereof, from one entity to another as a going concern. In a slump sale, all
Tax Challenges in IBC: Strategies for Overcoming Hurdles
Introduction The Insolvency and Bankruptcy Code (IBC) was enacted in 2016 with the aim of revolutionizing India’s corporate landscape by expediting debt recovery, facilitatin