Celebration of 75th Independence Day 🇮🇳
Azaadi ka Amrit Mahotsav
(15/August/1947-------------------15/August/2022)
Har Ghar Tiranga 🇮🇳
Happy Independence Day (1947-2022)
13-15 August 2022
Post Incorporation Compliances for Foreign Company Wholly Owned Subsidiary
Read the full article from [CS Tanuj Saxena]
Link here https://t.co/9AdYbc6J1w
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@optotax_gst No. Second proviso to Sec. 16(2) clearly excludes supplies on which tax is payable on reverse charge basis from its applicability. Hence ITC is not required to be reversed even if payment is not made within 180 days against supplies covered under reverse charge mechanism.