CARO 2020 is a new format for issue of audit reports in case of statutory audits of companies under Companies Act, 2013. The aim of CARO 2020 is to enhance the overall quality of reporting by the company auditors. The MCA has notified Companies (Auditor’s Report) Order, 2020 on 25 February 2020. This order (CARO […]
Sales Tax, VAT, Goods and Services Tax, etc. are indirect taxes. Under such tax laws, businessmen are allowed to collect from customers, the amount of tax payable by them to the Government. Even then such taxes (Sales Tax, VAT or Goods and Services Tax) cast burden on the businessmen due to compliance cost and administrative […]
Memorandum of association (MOA) can be called as the Constitution of company. First clause in MOA is name clause where company is required to state its name along with private limited (in case of private limited company) or limited (in case of public limited company) or Producer Company limited (in case of Producer Company). Legislature […]
To deal with the resurgence of COVID-19 Pandemic, the Employees’ State Insurance Corporation (ESIC) under the Ministry of Labour and Employment has undertaken multiple steps to cater to its Stakeholders as well as general public.
Fairdeal Supplies Limited & Anr.Vs. Union of India & Ors. (Calcutta High Court) (i) On a plain reading of Section 2(1)(y) and Section 3 of the PMLA , it appears to me that the legislature has bifurcated the offence under PMLA into “Scheduled Offence” and “Offence of money-laundering”. “Scheduled Offence” are provided in Part A […]
This is to notify that all types of training to be completed before appearing CMA Intermediate/ Final Examinations as applicable are hereby exempted only for June- 2021 Term of Examinations due to pandemic situation arising out of spread of COVID-19.
ITO Vs Zexus Air Services Pvt. Ltd. (ITAT Delhi) It is an undisputed fact that there is no actual receipt of any cash by the assessee company in the instant case towards issue of share capital and such shares were issued in lieu of goodwill. In the instant case, the assessee has debited goodwill account […]
M/s. Accoladee Vs Commissioner of Customs (Madras High Court) Brief: Conversion of the shipping bill from ‘drawback shipping bills to drawback-cum-advance authorization’ shipping bills. It is revealed that the advance authorization licence taken by the petitioner is not disputed. Our Comments: In the present case, petitioner is a manufacturer and exporter of garments. In the […]
CBI ARRESTS THEN SUPERINTENDENT OF GST IN AN ONGOING INVESTIGATION OF A CASE The Central Bureau of Investigation has arrested the then Superintendent of GST, Hyderabad in an ongoing investigation of a case. CBI had registered a case on 08.07.2019 against the accused and his wife on the allegations of illicitly enriching themselves to the […]
Read Press Release on 1. PM holds a high level meeting on oxygen supply and availability 2. Yoga and Naturopathy to aid the Psychosocial Rehabilitation of Covid-19 Patients 3. Drone use permission to ICMR for conducting feasibility study of Covid-19 vaccine delivery 4. Finance Minister Smt. Nirmala Sitharaman says Government is working arduously for smooth […]
