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Judge Loya Death Case – The One That Almost Created a Judicial Mutiny: Arun Jaitley

April 21, 2018 2010 Views 2 comments Print

Yesterday I read the 114 page judgement in the Judge Loya death case authored by Justice D.Y. Chandrachud on behalf of the three Judge Bench of the Supreme Court. A reading of the judgement exposes every fact of the conspiracy to generate falsehood as propaganda in the public and political space.

An open letter to PM of India- Why Frauds happen in Banks: Auditor Perspective

April 21, 2018 36447 Views 55 comments Print

The spirit of Audit is losing ground as the time is passing. The general perception that use of technology in banks has eliminated the chance of frauds is just an eye wash. The Nirav Modi case is just a tip of ice berg and day is not far when we will see the whole ice meltdown, if remedial steps are not taken and auditor is not allowed to discharge its responsibility with full independence .

No GST on Marg Sudharan Shulk & 18% GST on Abhivahan Shulk: AAR

April 20, 2018 1554 Views 0 comment Print

Whether GST is leviable on the Marg Sudharan Shulk and Abhivahan Shulk charged by Forest Division Dehradun from the non-government, private and commercial vehicles engaged in mining work in lieu of use of forest road?

Great Moves towards Non-Compliance & Aspects of CODS 2018

April 20, 2018 4263 Views 4 comments Print

So as, Government come out with many initiatives in different fields and yet many more expected to come in near future. In the same line, with respect to Companies, Government has taken a big move towards non-compliance done by the Companies and their Directors.

Amendments to PMLA, 2002 vide budget 2018 applicable from 19.04.2018

April 19, 2018 11004 Views 0 comment Print

Central Government hereby appoints the date of publication of this notification in the Gazette of India, as the date on which the provisions of section 208 of Part XIV of the said Act shall come into force.

6 more states to roll out intra-state e-way bill WEF 20th April 2018

April 18, 2018 6315 Views 0 comment Print

Roll out of e-Way Bill system for intra-State movement of goods in the States of Bihar, Jharkhand, Haryana, Himachal Pradesh, Tripura and Uttarakhand from 20th April, 2018

Advisory on Tax Evasion by Salaried Taxpayers

April 18, 2018 26799 Views 2 comments Print

Cautionary Advisory on Reports of tax evasion by under-reporting income or inflating deductions/Exemptions by salaried taxpayers. The Income Tax Department has from time to time issued advertisements requesting taxpayers to report their correct income in their Income Tax Returns.

IBBI Debars an IP from practicing as Insolvency Professional for 90 days

April 18, 2018 3147 Views 1 comment Print

Mr. Mohan sought approval of the Board for advertisement for EoI. Such approval is not envisaged under the Code. In the process, he tried to avoid responsibility cast on him under the Code and delayed the resolution process in contravention of clause 13 of the Code of Conduct. It is the duty of the resolution professional to conduct the entire resolution process.

RTI reveals collection of Rs 900 Crores as GST Late Fees

April 17, 2018 43308 Views 19 comments Print

I have lodged an RTI with respect to collection of Late Fees and Interest on account of GST return filing so as to co-relate with the process of GST Return filing in vogue.

Government / RBI taken all steps to meet unusual currency demand

April 17, 2018 873 Views 0 comment Print

There has been unusual spurt in currency demand in the country in last three months. In the current month, in the first 13 days itself, the currency supply increased by Rs.45000 crores. This unusual spurt in demand is seen more in some parts of the country like Andhra Pradesh, Telangana, Karnataka, MP and Bihar.

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