International Financial Services Centres Authority (IFSCA) Clarifies Due Date for Recognition of Non-Performing Assets (NPAs) in Factoring and Forfaiting Guidelines The International Financial Services Centres Authority (IFSCA) has issued a circular providing clarification on the guidelines for factoring and forfaiting of receivables. The clarification pertains to the due date for recognizing Non-Performing Assets (NPAs) as […]
It was observed that company failed to attach complete copy of Director’s Report and Auditors Report, resulting in missing pages in Board’s Report and Auditors Report.
Understand the penalties imposed for non-compliance with a company’s main objectives under Section 4 of the Companies Act. Learn from a case involving Regaal Resources Ltd.
A recent case involving M/s. Sun Pharmaceutical Industries and M/s. CJ Goswami & Associates, their Practicing Company Secretary, has highlighted the consequences faced by a secretarial auditor for their failure to report material related party transactions in their audit report.
Sri Priyanga Agencies Vs Assistant Commissioner of CGST & Central Excise (Madras High Court) In a case between Sri Priyanga Agencies and the Assistant Commissioner of CGST & Central Excise, the Madras High Court has issued a common order. The court has disposed of the main writ petition and two related Writ Miscellaneous Petitions (WMPs). […]
Banks are advised to make necessary arrangements at their branches to accommodate customers seeking to exchange ₹2000 banknotes. This includes providing shaded waiting spaces, drinking water facilities, and other amenities, considering the ongoing summer season.
India’s Cabinet Approves Rs. 17,000 Crore Incentive Scheme 2.0 to Boost IT Hardware Manufacturing Analysis: The Union Cabinet of India, chaired by Prime Minister Narendra Modi, has given its approval to the Production Linked Incentive (PLI) Scheme 2.0 for IT Hardware. This scheme, with a budgetary outlay of Rs. 17,000 crore, aims to bolster the […]
Get ready for the new GST e-Invoicing threshold! Learn about the revised threshold, exemptions, and consequences of non-compliance with essential information for taxpayers.
Unlock the conditions for charging GST on credit notes as per Section 34 of the CGST Act. Understand the eligibility criteria and time limits for issuing credit notes in the GST framework.
Explore the implications of the withdrawal of Rs 2000 notes in India. Understand the exchange process, reasons behind the move, and its impact on the economy. Get insights into the government’s strategy and the objectives behind this decision.
