RED Flag is a term used in forensic audit and it is an important tool for identifying potential risks, fraud and unethical activity. A forensic auditor will use RED Flag to identify potential problems. By studying the history of a company, the forensic auditor can compare the current activities against the past trends. This will […...
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Circular No. 190/02/2023- GST -
13/01/2023
CBIC clarifies vide Circular No. 190/02/2023- GST Dated 13th January, 2023 on Applicability of GST on accommodation services supplied by Air Force Mess to its personnel and Applicability of GST on incentive paid by Ministry of Electronics and Information Technology (MeitY) to acquiring banks under Incentive scheme for promotion of RuPay D...
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In today’s era, businesses play a prominent role in a country to uplift its economy. Hence, it is also essential for a government to regulate and monitor these businesses as well. From this point of view, business law came into existence. It is nothing but just the involvement of a government in regulating and monitoring businesses....
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Circular No. 189/01/2023-GST -
13/01/2023
CBIC issue Circular No. 189/01/2023-GST Dated: 13th January, 2023 and clarifies on classification of Rab, Applicability of GST on by-products of milling of Dal/ Pulses such as Chilka, Khanda and Churi/Chuni, classification of ‘Carbonated Beverages of Fruit Drink’ or ‘Carbonated Beverages with Fruit Juice’, Applicability of GST o...
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Securities and Exchange Board of India Consultation Paper on Review of Regulatory Framework for Sponsors of a Mutual Fund A. Objective The objective of this consultation paper is to seek comments / views from the public on the proposals intending to review the regulatory framework for sponsor(s) of a mutual fund so as to explore […...
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Order No. IBBI/DC/144/2023 -
13/01/2023
DC notes that irrespective of numerous reminders dated 11.03.2022, 09.05.2022 and 11.05.2022 sent to Mr. Ranjeet Kumar Verma for providing documents and furnish records, he did not cooperate with IA in the conduct of inspection....
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In re Worley Services India Pvt. Ltd. (GST AAAR Maharashtra) -
In re Worley Services India Pvt. Ltd. (GST AAAR Maharashtra) We, hereby, uphold the MAAR Order No. GST-ARA-27/2020-21/B-38 dated 31.03.2022 (‘Impugned Order’) wherein it has been held that the services provided by the Appellant are neither covered under SI. No. 24(ii) nor under SI. No. 21(ia) of the Rate Notification. As regar...
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Though GST Act 2017 was introduced in the midnight of 1st July 2017 still there are several discrepancies that are being visualized day in and day out. Reading the religious books like Bhagawat Gita, Bible and Quran, Guru Govind Sahiba Grandh etc., would relieve us from the problems or the daily imitations and provide us […]...
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Is an Excel sheet found during search, corroborative evidence? Is a figure mentioned in such sheet reliable? Whether undated and unsigned details can be considered as ‘evidence’ on the basis of which tax can be levied? Is an excel sheet just a dump document? The same has also to be answered keeping in view Section […]...
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In case a promoter requires funds for either personal use or for the benefit of the listed entity, and decides to encumber the shares of that listed company held by him/her, then he/she has to make few disclosures to every stock exchange where the shares of the target company are listed and the listed company […]...
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