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Concept of Input Tax credit-PART I

by | Sep 13, 2021 | GST, SMEs, Taxation

Under the Indirect taxes mechanism, the taxes are levied at every stage of value addition. This is applicable in case of supply of goods as well as services. Thus it is important to understand that tax and the value addition will be always coupled together. Value...

Composite and Mixed Supply under GST

by | Sep 13, 2021 | GST, SMEs, Taxation

The determination of taxability of transactions, involving multiple goods or services or a combination of goods and services has always been a challenging aspect under the indirect taxes. As far as the Pre-GST regime was concerned, the taxable events like”...
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