"January, 2023" Archive - Page 38

Empanelment of Stock Auditors with UCO Bank of CA/ICWA

UCO Bank of India invites application for empanelment of stock auditors from eligible individuals CA/ICWA and proprietorship/partnership firms ...

Posted Under: CA, CS, CMA |

ICSI elects its New President and Vice President for the year 2023

CS Devendra V. Deshpande, elected as President and CS Manish Gupta, elected as Vice President of the Institute of Company Secretaries of India for the year 2022 w.e.f. 19th January 2022....

Posted Under: CA, CS, CMA |

Risky exporter tag cannot be perpetually affixed to an exporter – Dept must adhere timeline to take action

Global Seamless Tubes & Pipes Private Limited Vs Assistant Commissioner of CGST & CX (Calcutta High Court)

Pending investigation, GST department exercised its powers to tag exporter as risky exporter to enable department to verify export consignments etc., strict timelines provided under Circular No. 131/1/2020-GST, dated 23-1-2020 are to be adhered ...

GST: Adjudicating order not sustainable if passed without granting opportunity of personal hearing

Bharath Constructions Vs Assistant Commissioner (Andhra Pradesh High Court)

HC held that Adjudicating order not sustainable where such order was passed without granting an opportunity of personal hearing despite request for grant of such opportunity by assessee....

GST: Supply of telecommunication services to local authority is taxable

In re Vodafone Idea Limited (GST AAR Telangana)

AAR ruled that the supply of telecommunication services to a local authority is a taxable service under Section 9(1) of Central Goods and Services Act, 2017...

Endorsements Know-Hows for Celebrities, Influencers & Virtual Influencers on Social Media

Center lays rules for social media celebs and influencers: Endorsements Know-Hows for Celebrities, Influencers and Virtual Influencers on Social Media Platforms ENDORSEMENTS KNOW-HOWS FOR CELEBRITIES, INFLUENCERS AND VIRTUAL INFLUENCERS ON SOCIAL MEDIA PLATFORMS The Department of Consumer Affairs under Ministry of Consumer Affairs, Food a...

Posted Under: CA, CS, CMA |

Centre releases endorsement guidelines for Celebs & Social Media Influencers

Centre releases endorsement guidelines for Celebs and Social Media Influencers Disclosures must be prominently and clearly displayed in the endorsement Use terms ‘advertisement’, ‘sponsored’ or ‘paid promotion’ for endorsements: Guidelines The Department of Consumer Affairs under Ministry of Consumer Affairs, Food and Public D...

Posted Under: CA, CS, CMA |

Applicability and Impact of GST on Real Estate Project

No GST is payable where the entire consideration has been received after issuance of completion certificate, where required, by the competent authority or its first occupation, whichever is earlier....

Posted Under: CA, CS, CMA |

Section 139(8A) – Updated Return

Updated Return – Section 139(8A): Rationale behind Introduction: → Section 139(4) facilitates filing of Belated Return & Section 139(5) facilitates filing of Revised Return before 3 months prior to the end of the relevant Asst. Year or before completion of Assessment, whichever is earlier. → This existing provision provides ...

Posted Under: CA, CS, CMA |

Exploring India’s Foreign Investment Incentives and Regulations

The Reserve Bank of India (RBI) has a major role in regulating foreign direct investment (FDI) in India. According to the Foreign Exchange Management Act (FEMA) of 1999, FDI in India must be made in accordance with the rules and regulations set by the RBI. In order to attract FDI, the government of India has […]...

Posted Under: CA, CS, CMA |

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