GST Amendments Applicable from 10th October 2024 Reverse Charge Mechanism Purchase by registered taxpayer from unregistered person Buyer shall be liable to pay GST under RCM on purchase of Metal Scrap falling under Chapter 72 to 81 of Customs Tariff from unregistered Suppliers. The registered buyer
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Revised due dates under the Income Tax Act, 1961 amid corona virus spread. The government has passed an ordinance on 31st March, 2020 to relax the various due dates for compliances, deposit of tax with reduced interest rates, making investments, completion of proceedings etc. which are falling
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Micro, Small and Medium Enterprises- Engine for Economy Growth. The Government of India enacted Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 to promote MSME industries in India. Mr. Nitin Gadkari, Union Minister for MSME said that MSME sector contributes 29% in India’s GDP and employs
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