Banks shall ascertain the Foreign Currency Exposure (FCE) of all entities2 at least on an annual basis. Banks shall compute the FCE following the relevant accounting standard applicable for the entity.
Discover the last date for replying to a Show Cause Notice (SCN) under GST. Understand the importance, legal aspects, and recent judgments related to SCN replies.
Sh. Vinod E Vs Bollineni Developers Ltd. (NAA) Applicant alleged that the Respondent Bollineni Developers Ltd. had not passed on the benefit of Input Tax Credit to him by way of commensurate reduction in the price of the Flat No. J 703, 7th floor purchased from the Respondent in his project ‘Bollineni Silas’, situated at Sadarmangala, K […]
News Broadcasters & Digital Association Vs Alphabet Inc. (Competition Commission of India) Informant has inter alia levelled the following allegations against Google: 1. Members of the Informant are forced to provide their news content to Google in order to prioritise their weblinks in the Search Engine Result Page (SERP) of Google. Thus, Google free rides […]
Union Commerce and Industry Minister Shri Piyush Goyal attended Listing Celebration of 400th company in BSE SME Platform in Mumbai today.
Explore the impact of residence status on taxation for Indian citizens abroad, NRIs, PIOs, and OCIs. Understand the rules, exemptions, and tax implications.
it is found that Mr. Prakash had neither disclosed the appointment of his brother through M/s Ibay Capital before the CoC nor made relationship disclosure of engagement of M/s Ibay Capital on the website of the IPA. Further, the valuation report was submitted by M/s iVas Partners whose appointment or fee was not approved/ratified by […]
Discover 8 key learnings from an 8-year journey in CA practice. Insights on staff, infrastructure, automation, client management, and personal growth.
SC held that no GST is payable by the Indian importer on ocean freight contracts (CIF) under the reverse charge mechanism. However, in no time, another controversy related to out bound ocean freight has been capturing the attention of the logistics industry and the professionals.
Reserve Bank of India RBI/2022-23/130 DOR.ACC.REC.No.74/21.04.018/2022-23 October 11, 2022 Madam / Dear Sir, Reserve Bank of India (Financial Statements – Presentation and Disclosures) Directions, 2021 – Disclosure of Divergence in Asset Classification and Provisioning In terms of paragraph C.4(e) of Annexure III to the Reserve Bank of India (Financial Statements-Presentation and Disclosures) Directions, 2021, commercial banks […]
