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Archive: August, 2022

Posts in August, 2022

4,32,796 companies struck off  down during last five years

August 10, 2022 921 Views 0 comment Print

Removal of name of company from Register of Companies is a continuous process 4,32,796 companies have been struck off during last five years 

GST on fabrication & mounting of Tanker & Tripper on chasis

August 10, 2022 2328 Views 0 comment Print

Activity of fabrication & mounting of Tanker and Tripper on chasis supplied and owned by principal is supply of Service – 18% GST Payable

ITC eligible on receipt of direct services from same line of business

August 10, 2022 8856 Views 0 comment Print

ITC available on input services used for making outward taxable supply of same line of business subject to Notification No. 11/2017-CT (Rate)

No GST on canteen service charges collected from employees under contractual agreement

August 10, 2022 3402 Views 0 comment Print

GST leviable on contractual worker portion of canteen charges, which is collected by applicant and paid to Canteen service provider

GST rate on supply of design and construction of Road Service

August 10, 2022 17373 Views 0 comment Print

In re ITL-KCPL JV (GST AAR Gujarat) Q1. Whether the supply of design and construction of Roads and Services of TP-1 Area Under Cluster-A of MBSIR on EPC Basis wherein both goods and services are supplied can be construed to be a Composite Supply of Works Contract in terms of Section 2(119) and section 2(30) […]

Hiring of Internal Auditors For Jute Corporation of India Limited (JCI)

August 10, 2022 1275 Views 0 comment Print

Hiring of Internal Auditors For The Jute Corporation of India Limited (JCI) For The FY- 2022-23 & 2023-24. The audit to be conducted both on ‘post- mortem’ and ‘concurrent’ basis, as may be feasible.

Consultation Paper on Green & Blue Bonds as a mode of Sustainable Finance

August 10, 2022 1695 Views 0 comment Print

Sustainable Finance is the process of taking due account of environmental, social and governance (ESG) considerations while making investment decisions in the financial sector, leading to increased longer-term investments into sustainable economic activities and projects.

GST Council Newsletter for the month of July, 2022

August 10, 2022 1584 Views 0 comment Print

GST Revenue collection for July, 2022 ₹1,48,995 crore gross GST revenue collected in the month of July, 2022 The gross GST revenue collected in the month of July, 2022 is ₹1,48,995 crore of which CGST is ₹25,751 crore, SGST is ₹32,807 crore, IGST is ₹79,518 crore (including ₹41,420 crore collected on import of goods) and […]

Various steps taken by Government to increase tax collection

August 10, 2022 6670 Views 0 comment Print

Various factors like rapid economic recovery post COVID, better compliances due to various measures taken by Government have contributed to increase in tax collection. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Lok Sabha today.

FRC fined PwC over BT fraud audit failures

August 10, 2022 1344 Views 0 comment Print

FRC imposed sanctions against PwC & Richard Hughes, Audit Engagement Partner in relation to statutory audit of financial statements of BT Group plc

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