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ITC Can’t be Rejected Due to Wrong GSTIN and Address Mentioned on the Invoice

VJM Global

In the given case, the Petitioner is a company engaged in the sale of various Pharmaceutical Products and Medical Devices. Crores on the ground that the petitioner has wrongly availed the excess Input Tax Credit (ITC). Accordingly, the petitioner is permitted to avail of the Input Tax Credit. (C) 114/2025 & CM APPL.

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IRS Issues Favorable QSBS Tax Ruling for Businesses

Withum

The taxpayer in PLR 202221006 (March 3, 2022) is a pharmaceutical distributor that engages in the retail sale of a limited number of drugs. This second point is particularly helpful to selling shareholders who want clarity on whether their business is a QTB so they can calculate how much tax will be due on their sale of stock.

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Top Remote Accountants of the Week | October 17, 2024

Going Concern

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs.

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How Inflation and Supply Chain Disruptions Can Increase Your Business’ Tax Bill

Withum

Unfortunately, a deteriorated supply chain and increased inflation most likely will increase the tax bill for businesses that use the LIFO method of accounting. Utilizing LIFO when costs are rising due to inflation is generally advantageous for income tax purposes because sales prices are offset by higher inflated purchase costs.

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Regulatory, Tax and SOX Compliance for Biopharmaceutical Company Expanding U.S. Presence

Cherry Bekaert

Becoming Trusted Advisors Cherry Bekaert was engaged to perform two initial projects proposed to help the pharmaceutical company better position themselves for future audits: data validation procedures and a review of the company’s IT general controls. Presence appeared first on Cherry Bekaert.

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Top Remote Accountants of the Week | October 24, 2024

Going Concern

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs.

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Professionals on the Move – Jan. 2024

CPA Practice

PKF Mueller Joins Cherry Bekaert to Expand Chicago Market Reach Cherry Bekaery, an assurance, tax and advisory firm, recently completed an acquisition transaction with PKF Mueller , a full-service certified public accounting and business advisory firm located in the metropolitan Chicago area.

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