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Reversal of Input Tax Credit under Rule 42 & 43 of CGST Rules, 2017

Posted By: CA Amlesh Gupta

Rule 42 and 43 of the CGST rules are applicable for claim of input tax credit wherein the supply is being partly used for the purposes of business and partly for other purposes. In such cases, input tax credit cannot be claimed fully by the taxpayer and part of the input tax credit claim must be reversed. In this article, we look at Rules 42 and 43 of the CGST rules in detail along with procedure for reversing input tax credit claim.

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Applicability of VAT in Bahrain / Oman / Kuwait / Qatar

Posted By: CA Amlesh Gupta

While Saudi Arabia and UAE have already introduced VAT, the rest of the GCC countries are yet to take the step. However, Bahrain, Kuwait, Qatar and Oman shall implement VAT soon,probably from 01st January 2019

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Procedure of Company Incorporation in Malaysia

Posted By: CS Amita Alke

Establishing a limited company in Malaysia requires several documents and compliance with the rules and regulations as established by the Companies Commission of Malaysia.

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