E-invoicing for whose turnover exceeds Rs. 20 crores in a financial year with effect from (WEF) 01.04.2022 CBIC notifies vide Notification No. 1/2022 Central Tax dated 24.02.2022 that e-invoicing has been made mandatory in case of companies / firms/ Proprietors whose turnover exceeds Rs. 20.00 crores in a financial year with effect from 01.04.2022. Concept […]
The Institute of Chartered Accountants of India (ICAI) announced the results of Chartered Accountants Intermediate Examination (Old Course & New Course) held in December 2021. Exam Pass Percentage & Toppers- Chartered Accountants Intermediate Examination (Old Course) held in Dec, 2021 I. Detail of All India Topper for Intermediate Examination (Old Course) held in Dec, 2021 […]
The objective of Consultation paper for allowing FPIs to participate in Commodity Derivatives market is to solicit comments/views from the public on the proposal to allow Foreign Portfolio Investors (FPIs) registered with SEBI to participate in Exchange Traded Commodity Derivatives (ETCDs) in recognized stock exchanges.
Century Plyboards (I) Ltd. And Anr Vs UOI (Guwahati High Court) FULL TEXT OF THE JUDGMENT/ORDER of GAUHATI HIGH COURT Heard Dr. A Saraf, learned senior counsel for the petitioners. Also heard Mr. H Gupta, learned CGC for the respondent No.1 being the Union of India and Mr. SC Keyal, learned counsel for the respondent No.2 […]
Mahle Anand Termal Systems Pvt. Ltd. Vs Union of India (Bombay High Court) In this case petitioner made inadvertent errors in GSTR-1 form wherein GSTN number of the recipient of goods was mentioned incorrectly. Leading to denial of credit to the recipient. Time limit for rectification expired. Supplier made representations, however, remained unanswered. The Hon’ble […]
Guidance Notes on Supply of Goods and Services by E-Commerce Operators under GST Scenario 1. Definition of Electronic Commerce and E-Commerce Operator under GST. According to Section 2(44) of CGST Act, 2017, ‘Electronic Commerce means the supply of goods and services or both, including digital products over digital or electronic network’. An activity of buying […]
All Executive & Professional Programme Students of old syllabus (2012) whose registrations are valid but have not cleared the Executive & Professional Programme examination have automatically been switched over to the New Syllabus 2017.
As you are aware that an “Actuary “plays an important part in the insurance sector and he/she is well decorated and trusted professional. Actuaries analyse the financial costs of risk and uncertainty. They use mathematics, statistics, and financial theory to assess the risk of potential events, and they help businesses and clients develop policies that minimize […]
All You Wish to Know about New TDS Sections 194R, 194S & Much More The Finance Bill 2022 has proposed two completely new TDS sections, 194R and 194S, in the Income Tax Act, to be made effective from 1.7.2022. Looking at the swift pace, with which the new TDS sections, are being inserted by the […]
After the demonetization of currency, the government was aiming to regularize the cash transaction and therefore they have come with various provisions to discourage such transactions. Following are various provision brought to Income tax law 1961 and other laws in simple language – 1. SECTION 40A(3) – Payment or aggregate of payments is made to […]
