Taxability of Grant, Subsidy or Any Assistance
Often we hear that fate of our country, India lies in growth of its economy. Indian government in order to promote the growth of industries provides assistance in various forms. Assistance are given in forms like capital investment subsidy,...
Read moreGST on Personal Guarantee by Directors for Loan of Company
In general trade parlance, directors of the company executes personal guarantee for term loan and cash credit facilities enjoyed by the company from various Banks and NBFCs. If a claim is made under the guarantee, the director will be...
Read moreA Bill to Ensure the Return of the Prodigal Sons?
In the face of dwindling economic stability and its cascading effects, the Parliament has passed the Fugitive Economic Offenders Bill 2018 (“Bill”) in its efforts to curb the prodigal sons (like the Vijay Mallaya’s and the Nirav Modi’s) from...
Read moreResolving the conundrum of Transitional Credit of Krishi Kalyan Cess in GST
One year has passed since the transition from VAT/Service Tax regime to the GST regime, however, the issues in respect of transitional credit are still looming. One such issue is regarding the availment of transitional credit of Krishi Kalyan...
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