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Archive: 16 March 2024

Posts in 16 March 2024

Ministry of I&B Blocks 18 OTT Platforms for Obscene Content

March 16, 2024 477 Views 0 comment Print

Ministry of Information & Broadcasting takes decisive action against 18 OTT platforms for disseminating obscene and vulgar content. Details of blocked platforms, content violations, and governmental measures.

Amendment in Import Policy for Duck Meat under Chapter 2 of ITC (HS) 2022

March 16, 2024 300 Views 0 comment Print

Stay updated with the latest notification (No. 78/2023) from the Ministry of Commerce & Industry regarding the amendment in import policy conditions for duck meat under Chapter 2 of ITC (HS) 2022.

Imposition of Minimum Import Price on Synthetic Knitted Fabrics

March 16, 2024 1107 Views 1 comment Print

Explore the impact of DGFT Notification 77/2023 imposing a Minimum Import Price on Synthetic Knitted Fabrics until September 15, 2024. Get detailed analysis and policy insights.

Revised Applicability of Peer Review Mandate (Phase II & III)

March 16, 2024 2886 Views 0 comment Print

Stay informed about the extended applicability of Peer Review Mandate for Practice Units by ICAI. Learn about the revised criteria and deadlines here.

Bank Fraud Lessons: Influencing Today’s Audits -I

March 16, 2024 1329 Views 0 comment Print

Discover real-life bank fraud cases involving misappropriation of funds, forgery, and cyber fraud. Learn valuable insights to prevent financial losses and safeguard your institution.

Section 43B(h) of Income Tax Act, 1961 and MSMED Act, 2006

March 16, 2024 3303 Views 0 comment Print

Explore the Section 43B(h) amendment of the Income Tax Act, its link with the MSMED Act, and the implications for timely payments to micro and small enterprises.

Comparative analysis of Mutual agreement Procedure & Advance pricing agreement

March 16, 2024 747 Views 0 comment Print

Learn about Advance Pricing Agreements (APAs) and Mutual Agreement Procedures (MAPs) in international taxation. Understand their effectiveness, compliance, and applicability in resolving transfer pricing disputes.

Foreign Associated Enterprises can be treated as tested parties for comparables: ITAT Kolkata

March 16, 2024 219 Views 0 comment Print

ITAT Kolkata held that foreign Associated Enterprises are least complex entities and accordingly can be treated as tested parties for comparability analysis of international transaction.

GST Portal Update: E-commerce Supply Disclosures & GSTR-1 Amendments

March 16, 2024 3180 Views 0 comment Print

Stay updated on the latest GST portal changes! Learn about disclosures for E-commerce supplies and GSTR-1 amendments effective from January 2024.

Separate adjustment on outstanding receivables unjustified when working capital adjustment is factored in pricing

March 16, 2024 342 Views 0 comment Print

ITAT Visakhapatnam has held that if working capital adjustment on ALP has been already factored in pricing/ profitability vis-à-vis that of its comparables, then, no separate upward adjustment on outstanding receivables is required.

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