CESTAT held that the adjustment of the tax demand from the unutilized cenvat credit lying as on June 30, 2017 can be carried forward to the GST regime by the Assessee.
Madras High Court held that if there is substantial compliance, denial of benefit of Input Tax Credit (ITC) which is a beneficial scheme and framed with the larger public interest of bringing down the cascading effect of multiple taxes ought not to be frustrated on the ground of technicalities.
देश और विदेश में बसें लगभग 3 लाख से ज्यादा सीए सेंट्रल और रीजनल काउंसिल के अपने अपने क्षेत्रों के सदस्यों को चुनेंगे जो संस्थान और सदस्यों की काबिलियत और नीति निर्धारण को सरकार और विश्व के समक्ष रखेंगे. पिछले 3-4 साल हमारे पेशे के लिए बहुत महत्वपूर्ण रहे हैं क्योंकि इस दौरान न केवल […]
People definitely see the dream of a house, whether it is a palace or a palace. Whether someone buys a house for himself from a developer or builds his own house on his land. But the question is, is everything really that easy? There are many cases when the buyer feels cheated. Has the introduction […]
While transacting banks knowingly and unknowingly enter into various contracts some are written and formal some other are informal and unwritten. Some common contractual relationships assumed by the banks are Debtors – Creditor, Creditor – Debtor, Bailor – Bailee, Guarantor – beneficiary, Pledgor – Pledgee and Principal and Agent. These relationships need to be understood […]
Auditing is the process of examining an organization’s (or individual’s) financial records to determine if they are accurate and in accordance with any applicable rules (including accepted accounting standards), regulations, and laws. If objective of auditor is to establish fairness of the financial result it is called External Auditing, when exercise has been done with […]
PRESUMPTIVE TAXATION SCHEMES SECTION 44AD: SPECIAL PROVISIONS FOR COMPUTATION OF INCOME ON ESTIMATION BASIS Notwithstanding anything to contrary contained in sections 28 to 43C, -in case of a resident assessee being an individual, HUF, or a partnership firm excluding LLP; -engaged in a -a sum equal to 8% (6%*) of the total turnover or gross […]
We know that a Contract Of Insurance is based on utmost good faith. It means, while at the time of applying for insurance the insured has disclosed all material facts and other required details to the insurance company and vice-versa. The facts disclosed by an insured will help insurance company to decided risk exposure and […]
Nag Vidarbha Chamber of Commerce (NVCC) has made a representation to Hon’ble Prime Minister of India and Others against increase in GST on textile & footwear from 5% to 12%. It requested that in the interest of the textile & footwear sector and society at large to take back the decision of hike in GST […]
GST collection for October 2021 registered the second highest since implementation of GST ₹ 1,30,127 crore gross GST revenue collected in October Revenues for the month of October 2021 are 24% higher than the GST revenues in the same month last year and 36% over 2019-20 The gross GST revenue collected in the month of […]
