"04 October 2023" Archive

What is an Index and various NSE Indices

Discover role of financial indexes, their types, and how they are used in markets. Learn about stock market indices, their calculations, and applications....

Posted Under: Finance |

GST on Freight in case of Imports on CIF basis- impact of recent notifications

Explore impact of recent Finance Ministry notifications on GST for imports on CIF basis and ocean freight, following Supreme Court's Mohit Minerals case....

Posted Under: Finance |

Writ Petition Dismissed; Department directed for GST dues Instalment decision

Krishna Steel Rolling Mills Vs Deputy Commissioner Of State Tax (Arrears Recovery) (Kerala High Court)

Kerala High Court dismissed a writ petition for being time-barred but directed petitioner to apply for installment payments of GST dues, which will be decided by Commissioner....

Appellate Authority can only condone delay in GST appeals by one month, not beyond

Isha Holidays (P) Ltd Vs Commissioner (Kerala High Court)

Kerala High Court clarified that Appellate Authority can only condone the delay in GST appeals by one month, not beyond....

Order made without considering petitioner’s adjournment request violates natural justice

Mangal Chand Vs Additional/Joint/Deputy/ACIT/ITO (Madras High Court)

Explore case of Mangal Chand vs. ACIT, where an order was made without considering petitioner's adjournment request, leading to a violation of natural justice....

ICAI MEF 2023-24 Submission Deadline Extended to 21st October 2023

Important announcement from ICAI: Deadline for submitting MEF 2023-24 extended to 21st October due to member requests and tax audit period....

Posted Under: Finance |

GST Input Tax Credit Claim: Problems Due to Wrong Interpretation of Law

Explore challenges faced by GST taxpayers due to incorrect interpretation of law, disallowance of input tax claims, and need for an amnesty scheme....

Posted Under: Finance |

NFRA Order: Audit Firm Penalized for LGIL Audit Irregularities

Order No. 59/2023 04/10/2023

NFRA imposes penalties on Audit Firm M/s Ashok Holani & Co. for audit misconduct in Lexus Granito India Limited case....

SEBI seeks public input to streamline regulations & reduce compliance costs

PR No. 24/2023 04/10/2023

Securities and Exchange Board of India (SEBI) is seeking public input to streamline regulations and reduce compliance costs. Learn how to contribute your suggestions...

Introduction of Electronic Credit Reversal and Re-claimed statement on GSTN

Learn about introduction of Electronic Credit Reversal & Reclaimed Statement on GSTN, its purpose, reporting guidelines & amendment opportunities....

Posted Under: Finance |

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February 2024