Orissa High Court held that exporter duly discharged its burden as details duly supplied and hence mere non-production of agreement entered into between the Indian Exporter and the Foreign Buyer would not invalidate the claim of the petitioner-penultimate seller for exemption under Section 5(3) of the CST Act.
ITAT Delhi held that forward contract was purely hedging transactions entered into by assessee to safeguard against loss arising out of fluctuation in foreign currency, loss on such transactions could not be held as speculative transactions felling within ambit of section 43(5).
As per provision of Section 31 of CGST ACT 2017 –Tax Invoice should be issued within 30 days from the date of supply of services. In case of Banking Company, time period is 45 days from date of supply of services.
SB ORDER NO. 25/2022 F. No. FS-13/7/2020-FS-Part(1) Government of India Ministry of Communications Department of Posts Dak Bhawan, Sansad Marg, New Delhi-110001. Date: 16.12.2022 To, All Heads of Circles/Regions Subject: – Freezing of Small Savings Schemes accounts get matured but not closed after 3 years of maturity reg. Sir / Madam, As part of continuous […]
An investment approach (‘IA’) is the documented investment philosophy to be adopted by the Portfolio Managers while managing the client funds in order to achieve client’s investment objectives.
The Subscription of the Gold Bonds under this Scheme shall be open (Monday to Friday) on the dates specified above, provided that the Central Government may, with prior notice, close the Scheme at any time before the period specified above.
Get a quick overview of IND AS 109 – Financial Instrument with definitions, initial recognition, subsequent recognition, classification, and hedge accounting.
AMC Repo Clearing Limited was granted recognition as a Clearing Corporation for the purpose of clearing and settling transactions in repo and reverse repo in the debt securities that are dealt with or traded on a recognised stock exchange, which was notified vide Gazette notification dated January 24, 2022.
In this regard, it has been decided that Clearing Corporations (CCs) shall have a policy framework for orderly winding down of their critical operations and services
ICAI removes name of 10 Members with effect from 16th December, 2022 In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) and 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007. THE INSTITUTE OF CHARTERED ACCOUNTANTS […]
