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Archive: 18 January 2023

Posts in 18 January 2023

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 16, 2024 3828 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 14, 2024 3477 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

IBBI warns ACVA to be extremely careful & diligent in its organizational processes

January 18, 2023 366 Views 0 comment Print

The valuation profession thrives on the trust of the market and stakeholders. A registered valuer organization being the frontline regulator for valuation profession has crucial responsibility to retain and improve this trust. In order to impart justiciability to its functions, a registered valuer organization must have requisite infrastructure capability and institutional integrity. The organizational process […]

Disclosures by Fund Management Entities for Environmental, Social or Governance (ESG) Schemes

January 18, 2023 639 Views 0 comment Print

In order to promote consistency, comparability and reliability in disclosures concerning ESG schemes and ensure ESG schemes in IFSC are true to their label, IFSCA has issued a circular today requiring ESG schemes to make certain initial and periodic disclosures.

Weekly newsletter from Chairman, CBIC dated 18/01/2022

January 18, 2023 882 Views 0 comment Print

Officers of Shillong Customs (Preventive) Commissionerate seized 255 kg. of Ganja (Cannabis) valued at about Rs. 38 Lakhs from dense jungles on the international borders in Sepahijala and West Tripura Districts in Tripura. Further, officers of Guwahati Customs Division of the Shillong Customs (Preventive) Commissionerate also seized 3 kgs. of Morphine estimated to be worth over Rs. 15 Crores.

Exposure Draft of ICSI Social Audit Standards

January 18, 2023 1494 Views 0 comment Print

The purpose of this Social Audit is to ascertain the impact made by the Social Enterprise through its activities, intervention, programs or projects implemented during the reporting period. The same shall be undertaken by professionals registered with an SRO and in accordance with Standards laid down for the said purpose.

DGFT simplifies Composition Fee for Export Obligation Extension under Advance Authorization Scheme

January 18, 2023 2070 Views 0 comment Print

Directorate General of Foreign Trade (DGFT) simplifies Composition Fee for Export Obligation Extension under Advance Authorization Scheme in a Move to boost trade facilitation and ease of doing business The Directorate General of Foreign Trade (DGFT) has notified the amended rules for calculation of Composition Fee for extending Export Obligation under Advance Authorization Scheme by […]

Certificates would be valid proof for claim of TDS even in absence of entry in Form 26AS

January 18, 2023 3960 Views 0 comment Print

TDS Certificates can be used to claim TDS income even in case of mismatch in Form 26AS. Read this blog post to find out how to use TDS Certificates in such cases!

Karnataka Vikas Grameena Bank is deemed co-op society for Income Tax purposes

January 18, 2023 1326 Views 0 comment Print

Karnataka Vikas Grameena Bank Vs ACIT (ITAT Bangalore) Assessee is a regional rural bank and formed with the merging of four regional banks into a single regional rural bank. As per the Regional Rural Bank Act 1976 notification dated 12/09/2005, the shareholders were Central Government, State Government and sponsored Bank. The case was reopened on […]

Order passed without examining main part of input service definition is non-speaking

January 18, 2023 606 Views 0 comment Print

CESTAT Ahmedabad held that as the order is passed without examining the admissibility of input services credit under the main part of the definition of input service, the same is vague and non-speaking order.

Goods liable for confiscation can be released on payment of redemption fine

January 18, 2023 1320 Views 0 comment Print

CESTAT Delhi held that after adjudication if the goods are held liable for confiscation, they may be released on payment of redemption fine.

Rajasthan GST: Territorial Jurisdiction for Audit of Registered person

January 18, 2023 2577 Views 0 comment Print

Chief Commissioner, State Tax, Rajasthan, hereby assign the territorial jurisdiction under the said Act as mentioned in column no. 2 of the Table given below to the officers specified in column no. 3 of the said Table for the purpose of audit of a registered person for such period and at such frequency as assigned to them under Section 65 of the said Act.

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