ackassociates, Author at ackassociates.com

Restoring the Missing Link in India’s GST Justice Framework – GSTAT

28 January 2026
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Introduction The Goods and Services Tax was introduced with the promise of simplification, uniformity, and certainty. However, for several years after its implementation, GST functioned with a deficiency—the absence of the Goods and Services Tax Appellate Tribunal (GSTAT). A tax system no matter how well designed cannot operate effectively without…

06 May 24

SME IPO

WHAT IS SME IPO? SME IPO means an initial public offering of small and medium enterprises (SME). Like any other company, SME also needs capital to expand its business but it is difficult for them to raise funds due to inadequate facilities from financial institutions or conduct a regular IPO.…

05 Feb 24

PAYMENT TO MSME IN 45/15 DAYS – SECTION 43B(h)

With insertion of clause h is section 43B by the Finance Act, 2023 the provisions of MSMED, Act 2006 have been given a strong enforcement with regards to payment of small businesses. The analysis of provisions of Income tax Act, 1961& MSMED Act, 2006 is done as under: Section 43B(h)…

10 Jan 24

Pradhan Mantri Formalisation Of Micro Food Processing Enterprises

The centrally sponsored Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme was launched on 29th June, 2020 by the Ministry of Food Processing Industries, Government of India under the Aatmanirbhar Bharat Abhiyan, aims to support the unorganized sector by promoting formalization, enhancing access to credit, and integrating them…

22 Nov 23

ONLINE FILING OF FORM 10F BY NON RESIDENT WITHOUT PAN

Form 10F is a cover document for Tax residency certificate required to be filed by non-residents in order to claim benefit of any Tax Treaty with Government of India. In an era of seamless global transactions, navigating the intricacies of tax compliance has become imperative for non-residents. The Central Board…