Nirav Bipinbhai Vaghasiya Vs ITO (ITAT Surat) ITAT find that in the return of income the assessee claimed refund of TDS reflected in his Form-26AS. The CPC denied such refund in its intimation dated 08.10.2018. The assessee filed application for rectification under section 154. In the application under section 154, the assessee claimed such refund […]
Stay informed about the Companies (Appointment & Qualifications of Directors) (Amendment) Rules, 2023, effective from January 23rd, 2023. Explore changes in director disqualification declarations, filing requirements, and updated forms (DIR-3, DIR-3C, DIR-5, DIR-6, DIR-8, DIR-9, DIR-10, DIR-11, DIR-12). Keep track of MCA updates for compliance.
Putting the responsibility on the shoulders of the buyers or the Chartered Accountant or Cost Accountant of the supplier is incorrect. The GST authorities are so unequipped that they can catch the persons who have not paid the taxes.
Explore the key aspects of inter-corporate loans and investments under the Companies Act 2013. Understand the limitations set by Section 186(1), allowing companies to make investments through a specified number of layers with exceptions for specified IFSC private and public companies.
As Customs officers, we are all members of a special international community with many shared objectives and common goals. Our engagement with our international partners has always been special. It was in keeping with this commitment that the Customs Cooperation Fund (India) was established at the World Customs Organization (WCO) in 2019.
In many cases, the banks are yet to inform the customers about the need for renewal of agreements before January 1, 2023. Further, there is a need for revision in the Model Agreement drafted by the Indian Banks’ Association (IBA) to fully comply with the revised instructions.
RBI designate all Sovereign Green Bonds issued by the Government in the fiscal year 2022-23 as ‘specified securities’ under FAR.
In Paper, there are no small volume/high value goods on which Air-Cargo is justified. Therefore, registration under PIMS shall be mandatory regardless to mode of transportation.
HC permitted assessee to make necessary changes to its Form GSTR 3B returns for July, 2017 and March, 2018 and held that, allowing the assessee to make such changes, would not cause any prejudice to Revenue Department nor would it upset the chain of credit under GST
Understand the implications of the second proviso to Section 16 of the CGST Act and CGST Rule 37, where recipients failing to pay suppliers within 180 days must reverse input tax credit. Learn about interest requirements and the relief provided for related and distinct persons, allowing them to avail input tax credit without making payments for supplies among themselves.
