Decision taken by ICAI Central Council after deliberations on the matter related to recent arrest of Chartered Accountants & other instances of ill- treatment of CAs by investigating authorities in Council Meeting held on 20th May 2022. The Institute of Chartered Accountants of India 20th May 2022 The matter related to recent arrest of Chartered […]
Maha Farmers Producer Company Limited (MAHAFPC), invites applications from eligible practicing firms of Chartered Accountants having Branch/Head office in Maharashtra, in the prescribed format as per RFP, who are willing to have their firms empanelled for ‘Verification of Farmers Documents, Quantity & Payment Reconciliation and Verification & Certification of Claims submitted by Member FPC’s’ for specified FPC’s for FY 2022-23 […]
SC held that no IGST is payable on ocean freight under Reverse Charge Mechanism (RCM) for Cost, insurance, and freight (CIF) imports as Indian importer is liable to pay IGST on the ‘composite supply’, comprising of supply of goods and supply of services of transportation, insurance, etc. in a CIF contract; a separate levy on the Indian importer for the ‘supply of services’ by the shipping line would be in violation of Section 8 of the Central Goods and Services Tax Act, 2007
SC held that recommendations of the GST Council are not binding on the Union and States. It held that Recommendations of the GST Council to only have a persuasive value, particularly when interpreted along with the objective of the GST regime to foster cooperative federalism and harmony between the constituent units;
Get ready to file your tax return with confidence. Learn about the key points to keep in mind and make the process a breeze.
C.C.,C.E. & S.T.-Bangalore Vs Northern Operating Systems Pvt Ltd. (Supreme Court) A co-joint reading of the documents on record show show that the assessee had operational or functional control over the seconded employees; it was potentially liable for the performance of the tasks assigned to them. That it paid (through reimbursement) the amounts equivalent to […]
SEBI Consultation paper on introducing framework of Schemes of Arrangement for entities that have listed only debt securities/ NCRPS’
Unique Instruments And MFRS. Pvt Ltd. Vs State of Karnataka (Karnataka High Court) High Court that mere consideration of reply and submissions would not be sufficient and opportunity of personal hearing was to be granted and same would not indicate that the petitioner was present during the hearing of the proceedings leading to cancellation of […]
Directorate of Revenue Intelligence (DRI) & Indian Coast Guard (ICG) interdict 218 kg heroin in mid sea drug bust off the coast of Lakshadweep Islands An operation was launched by the Directorate of Revenue Intelligence (DRI) after it developed specific intelligence over a period of several months that two Indian boats would be sailing from […]
Learn about the provisions and regulations related to Nidhi companies. Understand the objectives and applicability of Nidhi companies under the Companies Act.
