A supplier providing renting of motor vehicles (SAC 9966) at 5% GST under Entry No. 10(i) of Notification No. 11/2017-CTR is legally eligible to avail ITC on input services in the same line of business — subject to a cap of 2.5% CGST + 2.5% SGST from 18.07.2022 onwards. This article provides a comprehensive legal analysis covering conditions, restrictions, period-wise rate structure, and practical application for transporters and fleet operators.

Received a GST notice? Don't panic. GST notices are increasingly common as the department intensifies scrutiny. This guide explains the types of GST notices — scrutiny (Sec 61), demand (Sec 73/74), DRC-01 — timelines for response, how to draft an effective reply, and common mistakes that make things worse. With expert guidance, most notices can be resolved without any demand or penalty.

Both LLP and Private Limited Company offer limited liability and separate legal entity — but differ significantly in compliance burden, taxation, fundraising potential, and flexibility. This detailed comparison covers registration process, annual compliances, tax treatment, fundraising options, conversion rules, and our recommendation based on your business type and growth plans.

Section 44AB mandates tax audit for businesses with turnover exceeding ₹1 crore (₹10 crore for digital) and professionals with receipts above ₹50 lakh. This article covers who needs a tax audit, due dates, documents to prepare, Form 3CA vs 3CB differences, common audit observations, and how to avoid mistakes that trigger income tax notices.