Introduction Insolvency and Bankruptcy Code, 2016

The Insolvency and Bankruptcy Code, 2016 (IBC) is the bankruptcy law of India which is unified code of all insolvency and bankruptcy laws relating to individual, partnership firm, HUF, LLP and Company. The code is compilation of law relating to insolvency and bankruptcy. The Insolvency and Bankruptcy Code was passed by Lok Sabha on 05th…


GST Definition–Aggregate Turnover

Statutory Meaning: “aggregate turnover” means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all…