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Archive: January, 2022

Posts in January, 2022

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6993 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

High Court cannot interfere with the views taken by tender inviting authority: SC

January 31, 2022 9213 Views 0 comment Print

The only requirement of law, for such process of decision making by the tender inviting authority, is that it should not be suffering from illegality, irrationality, mala fide, perversity, or procedural impropriety. No such case being made out, the decision of the tender inviting authority (NVS) in the present case was not required to be interfered with on the reasoning that according to the writ Court, the product ‘Smart Phone’ ought to be taken as being of similar category as the product ‘Tablet’.

Key Highlights of Economic Survey 2021-22

January 31, 2022 573 Views 0 comment Print

9.2 PERCENT GROWTH EXPECTED IN REAL TERMS IN 2021-22 GDP PROJECTED TO GROW 8.0-8.5 PERCENT IN 2022-23 PANDEMIC: GOVERNMENT’s SUPPLY SIDE REFORMS PREPARING ECONOMY FOR SUSTAINED LONGTERM EXPANSION  CAPEX GROWS BY 13.5 PERCENT (YoY) DURING APRIL-NOVEMBER, 2021 FOREIGN EXCHANGE RESERVES TOUCH  US$ 633.6 BILLION ON 31st DECEMBER, 2021  MACROECONOMIC STABILITY INDICATORS SUGGEST ECONOMY WELL PLACED […]

GST Liability paid percentage – Calculation methodology

January 31, 2022 4752 Views 0 comment Print

Liability paid percentage – Calculation methodology Liability paid percentage = (Liability paid / Liability auto drafted) *100 Liability paid: This is the sum of total liability (Other than reverse charge and reverse charge) paid by the taxpayer in Form GSTR-3B for a particular period. This also includes the amount paid by the taxpayer for any period […]

Constitution (Scheduled Tribes) Order (Amendment) Bill, 2022 introduced in Lok Sabha

January 31, 2022 1701 Views 0 comment Print

Constitution (Scheduled Tribes) Order (Amendment) Bill, 2022 seeks to amend the Constitution (Scheduled Tribes) Order, 1950, by amending the list of Scheduled Tribes in the State of Tripura. The amendment in the list of Scheduled Tribes relating to the State of Tripura may entail additional expenditure on account of benefits to be provided to the persons belonging to the communities proposed in the Bill under the continuing schemes meant for the welfare of the Scheduled Tribes.

FRN compulsory for UDIN Generation from 1st February 2022

January 31, 2022 13422 Views 0 comment Print

Sub: FRN will be compulsory field for UDIN Generation from 12.00 am of 1st February 2022 This is to state that Firm Registration Number (FRN) will be a compulsory field for generating UDIN from 12.00 am of 1st February 2022. The FRN will be displayed in the dropdown which will be fetched from the SSP […]

Obligation of GST department if appellant files GST Appeal on State Portal instead of Central Portal

January 31, 2022 1179 Views 0 comment Print

Appeal filed to Central Portal of GST instead of State Portal of GST – ‘obligatory on the part of the authorities concerned in such an event to bring it to the notice of the appellant that the appeal has been filed before the wrong authority’. Case – Tropical Beverages Pvt. Ltd. Vs Union of India […]

Empanelment For Concurrent Audit with J&K Grameen Bank

January 31, 2022 3318 Views 0 comment Print

J&K Grameen Bank invites applications on the under-noted prescribed format from Bank Retirees as well as practicing ‘Firms / Partnership firms of Chartered/Cost Accountants in India’ who fulfill the eligibility criteria as mentioned hereunder and are willing to serve J&K Grameen Bank as Concurrent Auditors for conducting Concurrent Audit of branches for the Financial Year 2022-2023.

Central Theme of Economic Survey 2021-22 is ‘Agile Approach’

January 31, 2022 558 Views 0 comment Print

PREFACE TAKES A BIRD’S EYE VIEW OF EVOLUTION OF ECONOMIC SURVEYS SINCE INDEPENDENCE NEW CHAPTER DEMONSTRATES USE OF SATELLITE & GEO-SPATIAL IMAGES TO GAUGE VARIOUS ECONOMIC PHENOMENON ECONOMIC SURVEY REVERTS TO A SINGLE VOLUME PLUS A SEPARATE VOLUME FOR STATISTICAL APPENDIX The central theme of this year’s Economic Survey is the Agile approach, implemented through […]

Services Contributed Over 50% To GDP

January 31, 2022 672 Views 0 comment Print

SERVICES CONTRIBUTED OVER 50% TO GDP SECTOR WITNESSED 10.8% GROWTH DURING FIRST HALF OF 2021-22 8.2 % GROWTH EXPECTED IN OVERALL SERVICES SECTOR FDI INFLOW OF $ 16.73 BILLION RECEIVED IN FIRST HALF (H1) OF 2021-22 22.8% INCREASE IN NET EXPORTS OF SERVICES IN H1 2021-22 IT-BPM REVENUES REACHED $ 194 BILLION, GROWING BY 2.26% […]

Summary of The Economic Survey 2021-22

January 31, 2022 6354 Views 0 comment Print

Economic Survey 2021-22 states that the year ahead is well poised for a pick-up in private sector investment with the financial system in a good position to provide support to the revival of economy.

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