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Archive: 20 June 2024

Posts in 20 June 2024

GSTR-3B & GSTR-1 Discrepancies are Grounds for Appeal, Not Errors Apparent on Record

June 20, 2024 1782 Views 0 comment Print

Detailed analysis of Madras High Court’s judgment on Vishaka Exports vs. Assistant Commissioner (ST) under TN-G&ST Act. Key points and implications discussed.

Failure to Rely on Binding Decisions Constitutes an Apparent Error: Kerala HC

June 20, 2024 945 Views 0 comment Print

Kerala High Court directs reconsideration of rectification petition in Koluthara Exports Ltd. vs. Union of India case regarding service tax dispute. Full text of the judgment provided.

Forex Tax in India: What You Need to Know for 2024

June 20, 2024 11004 Views 0 comment Print

India is an emerging Forex trading hub. A good percentage of its one billion population are now interested in or are already involved in some form of currency trading. With Forex’s growing popularity in the country, many are curious to know about how taxation works in this market.

Understanding Electoral Bond and Decoding Supreme Court Judgment on it

June 20, 2024 687 Views 0 comment Print

Discover the Electoral Bond scheme in India and the Supreme Court’s recent ruling on its constitutionality. Learn about its impact and implications.

Treatment of Goodwill Under Ind AS

June 20, 2024 3726 Views 0 comment Print

Discover the complexities of treating goodwill under Ind AS, covering its recognition, measurement, impairment, and allocation principles. Learn with clear examples for better comprehension.

Significant Beneficial Owner (SBO) under Companies Act, 2013

June 20, 2024 3579 Views 0 comment Print

Discover the significance of Significant Beneficial Owners (SBOs) under the Companies Act, 2013. Learn how SBO reporting enhances transparency, accountability, and compliance with global standards.

Absence of Board Report Disclosure: MCA RD Reduces Penalty to Rs. 2 Lakh

June 20, 2024 249 Views 0 comment Print

Regional Director lowers penalty for Saptasatij Industries from ₹4L to ₹2L due to non-compliance with Section 134 of the Companies Act.

Madras HC quashes GST Proceedings against Deceased Person

June 20, 2024 1185 Views 0 comment Print

Discover the validity of GST proceedings on a deceased person. Learn about a recent Madras High Court judgment and its implications for legal heirs under GST law.

GST on Corporate Guarantee: Whether Council would hear industry’s hues & cry

June 20, 2024 1491 Views 0 comment Print

Explore the contentious issue of GST on corporate guarantees, including recent amendments and industry concerns. Understand implications, valuation rules, and the need for further clarity from the GST Council.

What is the last date to file ITR for A.Y.2024-25

June 20, 2024 8343 Views 0 comment Print

File your Income Tax Return by July 31, 2024, to avoid late fees and penalties. Learn the important dates, steps, and consequences of missing the ITR filing deadline.

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