Governance is a key concept in Internal Audit and this Standard seeks to clarify both, the concept and the responsibility of the Internal Auditor, Management, and other Stakeholders, with respect to governance, keeping in mind their legal, regulatory, and professional obligations.
More than 81% account holders are Women under Stand Up India Scheme. MUDRA: 70% of the total loan borrowers are Women. PMJDY: 20.33 crore women beneficiaries out of total 38.13 crore beneficiaries. APY: More than 93 lakh women subscribers (43%) out of a total of around 2.15 crore subscribers. Under PMJJBY & PMSBY , Over 40% women member enrollments.
In re The Deputy Conservator of Forests (GST AAAR Karnataka) The GST appellate authority for advance ruling dismissed the appeal filed by the appellant on grounds of time limitation. It is evident that this Appellate Authority being a creature of the statue is empowered to condone a delay of only a period of 30 days […]
Appointment of CAA by DGRI- Notification No. 18/2020-Customs (N.T./CAA/DRI), Dated: 03.03.2020 Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 18/2020-Customs (N.T./CAA/DRI) New Delhi, dated 03.03.2020 S.O. 982(E) In terms of the directions contained in Hon’ble CESTAT’s Orders, as stated in column(5) […]
Union of India & Ors. Vs. Adfert Technologies Pvt. Ltd. (Supreme Court) In the case of Adfert Technologies Pvt. Ltd. Vs Union of India & Ors., Punjab & Haryana High Court) has directed the Government to permit the Petitioners to file or revise where already filed incorrect TRAN-1 either electronically or manually statutory Form(s) TRAN-1 […]
The introduction of DIN for every correspondence issued by the department to tax payers has been widely appreciated. This guards against any misuse by mischievous elements. Further to this, I would also like to draw your attention to the need for effective communication and for avoiding issue of loosely drafted letters, notices, etc. The image of the department ultimately depends on the level and nature of communication with taxpayers.
Supreme Court judgment on avoidance of transactions under Insolvency Code. Key rulings on sections 43, 45, and 66. Anuj Jain vs Axis Bank. Legal insights.
In re M/s Karnataka Food & Civil Supplies Corporation (GST AAAR Karnataka) CWC is only providing the 488 sq metres of space in the central warehouse for rent. The space has been taken on rent by the Appellant for storing the food grains. The activity which is under consideration here is the activity performed by […]
General Presentation and Disclosures- Through this ED, the IASB has proposed improvements to the way information is communicated in the financial statements, with a focus on financial performance.
The existing provisions of section 79 of the Act, inter-alia provides that where a change in shareholding has taken place in a previous year in the case of a company, not being a company in which the public are substantially interested,
