Legal Entity Identifier (LEI) is a 20-character alpha-numeric code used to uniquely identify parties to financial transactions worldwide. It has been implemented to improve the quality and accuracy of financial data reporting systems for better risk management.
Proper Officer has allowed major of part of Transitional Credit, disallowing only minor part of total claim & imposed 100% penalty on disallowed credit because of ineligible claim by invoking Section 74 of CGST Act, 2017.
ICSI candidates must be aware, Election Code of Conduct dated 07.09.2022 issued by Returning Officer restricts use of social media for election campaign.
Report of the official of this office stated company has not maintained the registered office as per master data. Further, this office has issued Adjudication hearing notice under Section 12(8) of the Companies Act, 2013 read with Companies (Adjudication of Penalties) Rules, 2014 to the company and its directors vide this office letter dated 25.07.2022.
Office Order No. 240 of 2022-Income Tax The following transfer/postings (Local changes) of the officers in the grade of Deputy/Assistant Commissioner of Income Tax, are hereby ordered with immediate effect and until further orders:
In re HYT Engineering Company Private Limited (GST AAAR Uttar Pradesh) Instant contract consists of transfer of property in goods, coupled with supply of services which leads to the inevitable conclusion that this is a case of Works contract, covered under the definition of “Works contract” defined under Section 2(119) of the CGST Act, 2017 supra. […]
In re KRBL Infrastructure Private Limited (GST AAAR Uttar Pradesh) AAAR hold that the appeal filed by the Appellant is not admissible in eye of law and therefore, it is dismissed on the ground of limitation itself without going into the merits of the case. Since the impugned order was served on 12.02.2022 to the […]
Due Diligence widely defined as a broad synapsis of investigative procedures in relation to an acquisition /financing of a company’s shares or a joining joint venture project,. Jurisprudence of due diligence is closely associated with concept of notice which can be constructive, or implied.
Mechanism for implementation of additional basic excise duty @Rs. 2 per litre levied on sale of unblended motor spirit (commonly known as petrol) – Circular No. 1085/06/2022-CX
For resolution/examination of exporter grievances related to scroll out of shipping bills, generation of e-scrips and transfer of e-scrips under RoDTEP Scheme, mechanism of ICEGATE Helpdesk, which is available to the exporters 24*7 is functional.
