In adherence to the CGST Rules, Chapter 7 outlines the meticulous requirements for maintaining accounts and records by registered individuals or entities. These regulations ensure transparency and accuracy in financial documentation, crucial for tax compliance and audit scrutiny....
In compliance with the Goods and Services Tax (GST) regulations, various accounts and records are mandated to be maintained. These records serve to ensure transparency and accuracy in financial transactions. Here's an overview of the essential accounts and the information they should encompass:...
In the realm of Goods and Services Tax (GST), Input Tax Credit (ITC) stands out as a crucial mechanism facilitating the seamless flow of credit throughout the supply chain, from production to consumption, transcending geographical boundaries....
In June 2016, the GST Council introduced anti-profiteering regulations to safeguard consumers from price exploitation following the implementation of the Goods and Services Tax (GST)....
In the realm of CGST rules, Chapter 15 delves into the crucial aspect of Anti-Profiteering, ensuring fair practices in the passing on of benefits to consumers. Here's a detailed exploration:...
The National Anti-Profiteering Authority (NAA) was instituted under section 171 of the Central Goods and Services Tax Act, 2017, with the primary objective of safeguarding consumer interests by ensuring that the benefits of input tax credits or tax reductions are passed on to them through...
Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) plays a pivotal role in curbing fraudulent activities within lending transactions involving equitable mortgages....
The Small Industries Development Bank of India (SIDBI), a subsidiary of the Industrial Development Bank of India (IDBI), plays a pivotal role in fostering the growth of Micro, Small, and Medium Enterprises (MSMEs) since its establishment under a special Act of Parliament in 1988, which...
NSIC (National Small Industries Corporation), an ISO certified Indian Government Enterprise dedicated to Micro, Small, and Medium Enterprises (MSMEs), aims to foster their growth and development nationwide....
The National Financial Reporting Authority (NFRA) is an entity established pursuant to Section 132 of the Companies Act, 2013. Its establishment came into effect on October 1, 2018....
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