By  Online Legal India

Published on  17 Mar 2026

Category  GST

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Section 122 of CGST Act focuses on penalties for certain offences. The penalties can include fake invoicing, wrongful ITC claims, tax evasion, and non-registration and so on. This can range from Rs. 10, 000 or the tax amount involved. Read to know more.

By  Online Legal India

Published on  17 Mar 2026

Category  GST

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Section 17 (5) of CGST Act primary outlines the blocked credits. This means the Input Tax Credit (ITC) cannot be claimed, even if they are used for business. It includes motor vehicles, food, health services, club memberships, construction, and so on.

By  Online Legal India

Published on  13 Mar 2026

Category  GST

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Section 16 of CGST Act, 2017 generally covers the eligibility, conditions, and time limits, and so on for claiming Input Tax Credit (ITC). A registered taxpayer can claim it on goods or services used for business purposes. Read to know more.

By  Online Legal India

Published on  13 Mar 2026

Category  Company Registration

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A Small Company Definition is determined as a private firm with limited paid-up capital and turnover. The threshold of paid-up capital is Rs. 10 crore and turnover is not more than Rs. 100 crore. It excludes holding or subsidiary firms. Know more.

By  Online Legal India

Published on  12 Mar 2026

Updated On  14 Mar 2026

Category  Company Registration

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A Public Company (Public limited Company) refers to a business entity owned by shareholders. People buy and sell shares on public stock exchange. It allows public investment, raising capital, and maintaining financial transparency. Continue to read.