As finance professionals, we are all familiar with the concept of prudence. In accounting, prudence is the principle of exercising caution when making estimates or judgments about uncertain events or transactions.
Section 13(8)(b) of the IGST Act read with Section 2(13) and 2(6) to the extent, these provisions seek to levy GST on services provided by the taxpayers to its overseas customers, which are consumed by such customers/ recipients outside India, by fiction of law as created by these provisions are treated as intra-state supply making GST leviable on such export of service, under the CGST Act and MGST Act.
Regulation 17(1A) is not applicable for the purpose of filling up a casual vacancy under Section 161(4) of the Companies Act. Regulation 17(1A) cannot be read in isolation.
Explore the legal perspective on property transfer in a BOO contract. Learn how the Kerala High Court ruled on the taxation of fixed costs in the case of Prodair Air Products India Pvt. Ltd. v. State of Kerala, clarifying that payment of fixed costs does not necessarily imply a transfer of property.
The CBIC based upon various queries related to Electronic Cash Ledger, raised by the EXIM Trade / Customs Brokers, certain issues have been clarified. Query : If custom duty amount is not integrated in ICES, the same should be credited automatically in ‘ECL’ wallet? Response: If the amount is not integrated in ICES, amount will be credited […]
ICSI decided that the students enrolling to Company Secretary (CS) Course under New Syllabus, 2022 shall be eligible for paper-wise exemption (s) based on the higher qualifications acquired by them
Vistra ITCL (India) LTD Vs Dinkar Venkatasubramanian (Supreme Court of India) The difficulty which arises in the present case is that, in terms of the decision of this Court in Anuj Jain (supra) and Phoenix ARC (supra), Appellant No. 1 Vistra is to be treated as a secured creditor, but would not fall under the […]
Next Education India Private Limited Vs K12 Techno Services Private Limited (Supreme Court of India) Feeling aggrieved and dissatisfied with the impugned judgment and order dated 17-03-2021 passed by the National Company Law Appellate Tribunal (NCLAT), New Delhi, Principal Bench in Company Appeal (AT) (Insolvency) No.98/2019, by which the NCLAT has dismissed the said appeal […]
Shawn Anthony Mendonca Vs State of Maharashtra (Bombay High Court) 1. The applicant/accused is facing trial for offences punishable under Sections 354A, 509, 504 and 506 of the Indian Penal Code, by this application, is challenging the Order dated 17/07/2019 passed by the learned Metropolitan Magistrate, 12th Court, Bandra, Mumbai rejecting his application for permission […]
Companies Act, 2013 doesn’t specifically defines Secretarial Audit. But for understanding purpose, it can be said as the process of checking compliance to various acts, rules, regulations, circulars, notifications as applicable on the Company
