Section 16 amended to allow taxpayers’ claim of input tax credit based on GSTR-2A and 2B. Henceforth, ITC on invoices and debit notes may be availed […]
The Ministry of Finance has declared that Goodwill, in general, is not a depreciable asset and in fact depending upon how the business runs; goodwill may […]
1 Definition of Small Company The definition of Small Company under Clause (85) of Section 2 of Companies Act, 2013 has been changed vide Notification No. CG-DL-E-01022021-224862 […]
Examining GST Requirements for sole proprietorship business. The sole proprietorship is a business owned and managed by an individual. In proprietorship there is no legal difference […]