A whooping numbers of more than three hundred thousand corporations being registered in india from 2016. Sounds stunning and wonderful, however this is often right and attainable solely owing to the amendment within the norms, rules and laws in incorporating a corporation by the Ministry of corporate Affairs. Prior to 2016 beginning your business in …
Government had increase threshold limit of Turnover for Composition levy from Rs.1 Cr to 1.5 Cr wide notification no.‐14/2019‐Central Tax dated 7th March, 2019. This notification will come into effect from 1st April, 2019.Now, any person having turnover up to Rs. 1.5 Cr. Can opt for paying GST under composition Scheme. Let us discuss provisions …
A registered Taxpayer can apply for transfer of Matched Input tax credit that is available in the Electronic credit ledger of taxpayer to another business/another registered taxpayer in case of transfer of business by way of merger/demerger/sale of business by filling of ITC declaration in FORM GST ITC‐02. But some doubts had been raised about …