Posts

Express delivery service

Budget 2021 – Changes in Goods and Services Tax

No Input Tax Credit if a supplier has not filed returns Section 16 allows taxpayers’ to claim an input tax credit based on GSTR-2A and 2B. However, a new clause (aa) has been inserted in the aforesaid section, adding one more condition to…
Budget 2021 – Changes in Customs and Excise

Budget 2021 – Changes in Customs and Excise

New Agriculture Cess on Petrol and High Speed Diesel Government has introduced a new Agriculture Infrastructure and Development Cess (AIDC) as an additional duty of excise on Petrol and High-speed diesel. The purpose of this cess is to finance…
Budget 2021 – Changes in Corporate Laws

Budget 2021 – Changes in Corporate Laws

Decriminalising LLP Act The Government has announced that it shall now take up Limited Liability Partnership Act and decriminalize its various provisions to remove harsh provisions for minor offences and enhance ease of doing business. Earlier,…