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Archive: December, 2023

Posts in December, 2023

SEBI Introduces Revised NDCF Framework for InvITs

December 6, 2023 3213 Views 0 comment Print

Explore SEBIs latest circular on the revised Net Distributable Cash Flow (NDCF) framework for Infrastructure Investment Trusts (InvITs), effective April 1, 2024

Adverse Decision Requires Opportunity of Hearing under GST Act: MP HC

December 6, 2023 5223 Views 0 comment Print

Madhya Pradesh High Court rules on GST Act violation. Adverse decisions demand a hearing, even if not requested. Analysis of Technosys Security System Private Limited case.

Himachal Pradesh HC Fines State for filing multiple review petitions

December 6, 2023 921 Views 0 comment Print

Himachal Pradesh High Court imposes Rs 50,000 cost on state for filing multiple review petitions, emphasizing prohibition of inconsistent stands and abuse of review process.

Benefit from Government Schemes and Subsidies!

December 6, 2023 1854 Views 0 comment Print

Explore the advantages of MSME registration for small businesses. Access financial support, government incentives, market opportunities, and more. Position your business for success!

Kerala HC directed to prefer appeal before appellate authority against revenue’s recovery notice

December 6, 2023 816 Views 0 comment Print

Kerala High Court directed to prefer an appeal before the appellate authority against the recovery notices issued by the revenue to petitioner who is claiming to have retired from the firm.

Expected Credit Loss (ECL) Calculation Methods in IND AS 109

December 6, 2023 43293 Views 1 comment Print

Explore recognition and measurement of Expected Credit Loss (ECL) under IND AS 109. Learn practical approaches like Bad Debts % and Sales Return to compute ECL for trade receivables.

Appeal to be preferred before appellate authority as assessment order was within jurisdiction

December 6, 2023 1722 Views 0 comment Print

Kerala High Court held that petitioner was duly put to notice and thereafter the assessment proceedings had been completed. As assessment order was within jurisdiction and not in violation of principles of natural justice, petitioner directed to file an appeal before appellate authority u/s. 246A of the Act.

Non-deposition of deducted TDS by employer cannot be recovered from employee

December 6, 2023 4002 Views 0 comment Print

Delhi High Court held that non-deposition of deducted tax with the revenue by the employer cannot be recovered from employee as employee after accepting salary post TDS deduction doesn’t have any control over it.

Special Economic Zones (Fifth Amendment) Rules, 2023

December 6, 2023 7671 Views 0 comment Print

Explore the Special Economic Zones (Fifth Amendment) Rules, 2023, empowering Information Technology zones with non-processing areas. Learn about benefits, regulations, and implications

Assessee entitled to interest on GST Refund from date of expiry of 60 days of application filed pursuant to refund claim attaining finality

December 6, 2023 2103 Views 0 comment Print

Assessee entitled to interest on GST Refund from the date of expiry of 60 days of the application filed pursuant to refund claim attaining finality: Delhi HC

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