Myrayash Hotels Pvt. Ltd. Vs Union of India (Supreme Court) The plea challenges the constitutional validity of GST Levy on Lease/ Rental Payments. The Supreme Court of India has asked the petitioner(s) to serve an advance copy to the Additional Solicitor General to seek instructions in a plea challenging constitutional validity of levy of GST […]
In Part I and II of the article we discussed Amendment for use of Accounting Software having Audit Trail, Amendments for the preparation of Financial Statements (Schedule III), Applicability of the CARO 2020, Amendments in Auditor’s Report, Amendments in definition of Small company, Amendments related to One Per and Amendments applicable to OPC and Small Company. In this Article […]
The Rajasthan High Court, Jaipur in the matter of, Abhay Singla v. Union of India, has recently issued notice in a public interest litigation challenging the constitutionality of Section 194N of the Income Tax Act, 1961.
Ensure a smooth financial year closing with these 26 GST tasks for 2021-22. From compliance to reconciliation, we’ve got you covered.
New amendments under The Companies Act, 2013 (Commencing from April 01, 2021 to June 30, 2021). Articles discusses Amendments in Auditor’s Report, Amendments in definition of Small Company, Amendments related to One Person Company (OPC), Amendments in definition for the Listed companies, Amendments in Director’s Report And Amendments applicable to OPC and Small Company . […]
1. Amendment for use of Accounting Software having Audit Trail (i) Now all companies are “mandatory” required to use accounting software having audit trail of each transaction besides the original transactions were rectified or deleted. This requirement is applicable from April 01, 2021. (ii) Applicability of this provision is deferred for 1 year, hence it […]
Latika Ghosh Vs Commercial Tax Officer/Assistant Commissioner (Calcutta High Court) 1. The court ordered for the restoration of the appellant’s certificate of registration under the provisions of both West Bengal Goods & Service Tax Act and Central Goods & Service Tax Act within one week after noting that the order for cancellation of registration is […]
Avijeet Saluja Vs State of NCT of Delhi (Delhi High Court) Delhi HC quantifies maximum permissible limit of alcohol storage at residence. 1. The Delhi High Court has affirmed that an individual, aged above 25 years, can possess 9 litres of Indian Liquor and Foreign Liquor, i.e., whisky, vodka, gin and rum, and 18 litres […]
The law related to labour’s minimum wages, safety, health and working Conditions and the Social Security are very complex in India. Many provisions of Labour Laws trace their origin to the time of the British Raj. However, with changing times, many of them either became ineffective or did not have any contemporary relevance. Rather than […]
Understanding the complexities of availing ITC under GST. Discover the challenges and changes in the process of claiming input tax credit.
