CBIC detected Rs. 36,374 crore worth of fake ITC in FY 2023-24 involving 9,190 cases. Key measures and data on ITC fraud detection detailed in the report.
ICAI amends AS 22 for non-company entities, introducing exceptions and disclosure requirements for deferred tax related to Pillar Two income taxes. Effective April 1, 2024.
SEBI seeks public comments on proposed amendments to the Insider Trading Regulations, aiming to expand the definition of connected person without increasing compliance requirements.
RBI updates Fully Accessible Route for non-residents, excluding new 14-year and 30-year government securities from FAR. Existing stocks remain available. Effective immediately.
Explore essential board and AGM resolutions for corporate governance, including changes to MOA, AOA, private placements, dividends, and more.
Discover key GST reforms from Budget 2024 including scope of supply, ITC amendments, and new penalty provisions aimed at simplifying compliance and reducing litigation.
Explore Budget 2024’s focus on MSMEs with new credit assessments, credit guarantees, Mudra loan increases, and support for global expansion and e-commerce.
Learn about compounding offences under GST, including eligibility, process, and penalties. Discover how it helps avoid prosecution through monetary settlement.
Madras High Court quashes GST penalty imposed on Kompress India, citing procedural errors and misinterpretation of GST rules. Vehicle detention deemed unlawful.
Explore the pros and cons of the Insolvency and Bankruptcy Code, 2016. Understand its impact on insolvency proceedings in India.
