ABOUT VSC TAXSOL
If the day to day job of running an enterprise already feels overwhelming, then dealing with GST compliance may seem insurmountably difficult. Keeping at pace with regular GST updates and finding a sounding board for GST services can sometimes throw off entrepreneurs from their core area of expertise. But that's exactly what manyentrepreneurs are finding works for them. By hiring consultants who specialize in their field, owners are able to focus and grow their business, without feeling overworked.
Read MoreNewsfeed
ICAI aims for transparency in Covid-era accounting
Corporates present that loss of revenue, labour supply and logistic are the top worries.
Blanket ban on recovery impractical, say bankers
Firms may get input tax credit for masks, PPEs
Auto companies stare at bleak wholesale numbers in May.
20 million back in the job in May as lockdown eases.
Land acquisition rules for road projects take a hit.
View all
Blog
-
The Authority of Advance Ruling (AAR), Karnataka ruled that no Input Tax Credit (ITC) can be claimed on the tax invoice addressed to foreign buyers ...
May 28 , 2020
-
Firms may get input tax credit for masks, PPEs
The government could allow companies to claim the input tax credit for personal protective equipment (PPE) kits, sanitisers, masks, and other such ...
May 27 , 2020
-
Companies face input tax credit denial on goods destroyed
Companies that have suffered damage to raw material and finished products during the Covid-19 lockdown now face a double whammy of a sort — on top ...
May 26 , 2020
-
Indefinite extension of limitation period due to COVID 19
The Supreme Court bench comprising of the Hon'ble Mr. Chief Justice S.A. Bobde, Hon'ble Mr. Justice L ...
May 25 , 2020
-
RBI on Indian economy during coronavirus
Reserve Bank of India’s (RBI) Governor Shaktikanta Das in his third address cut the repo rate by 40 basis points to 4% and also extended the morato ...
May 22 , 2020
-
GST Implications in JDA Involving Sale of Plotted Land
Sale of land has been expressly excluded from GST as per Schedule-III of the CGST Act. However, trans ...
May 21 , 2020
-
CBIC Released Retrospective Amendment Notification in Section 140 of CGST Act
The Central Board of Indirect Taxes and Customs (CBIC) on Saturday issued a notification announcing May 18, 2020, to be the effective date for the ...
May 20 , 2020
-
Key highlights of Fifth tranche of measures announced by the Finance Minister
The Finance Minister, Smt. Nirmala Sitaraman in a press conference held on 17.05.2020 has announced series of measures in order to get back the eco ...
May 19 , 2020
-
Levy of interest and initiation of recovery proceedings
Section 50 deals with interest on delayed payment of tax by the taxpayer state that every person who is liable to pay tax but fails to pay the same ...
May 18 , 2020
-
Meaning of Bad debts
The debt may become bad when it is proved to be irrecoverable on account of the fact th ...
May 15 , 2020
