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Is input tax credit allowed only after matching?No, input tax credit is allowed provisionally for two months. The supply details are matched by the system and discrepancies are communicated to concerned...

Where the goods against an invoice are received in lots or instalments, how will a registered person be entitled to ITC?The registered person shall be entitled to the credit only upon receipt of the last lot...

Can a challan generated online be modified?No. After logging into GSTN portal for generation of challan, payment particulars have to be fed in by the tax payer or his authorized person. He can save the challan...

What is Tax Collection at Source (TCS)?The e-commerce operator is required to collect an amount calculated at the rate not exceeding one percent of the net value of taxable supplies made through it, where the...

What is Input Service Distributor (ISD)?ISD means an office of the supplier of goods or services or both which receives tax invoices towards receipt of input services and issues a prescribed document for the purposes of...

(1) Where at any time, a company having a share capital proposes to increase its subscribed capital by the issue of further shares, such shares shall be offered—(a) to persons who, at the date of the offer, are holders...

(1) Where at any time, a company having a share capital proposes to increase its subscribed capital by the issue of further shares, such shares shall be offered- (a) to persons who, at the date of the offer, are holders...

(1) Subject to confirmation by the Tribunal on an application by the company, a company limited by shares or limited by guarantee and having a share capital may, by a special resolution, reduce the share capital in any...

Income of Central Electricity Regulatory Commission [Section 10(23BBG)]Income of Central Electricity Regulatory Commission is exempt from tax from the assessmentyear 2008-09. Income of the Prasar Bharati [Section...