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‘Himalya Real Estate’ not passed ITC benefit to 189 homebuyers: NAA

July 18, 2022 966 Views 0 comment Print

Rahul Gautam Vs Himalya Real Estate Pvt. Ltd. (NAA) The Authority finds that, the DGAP has given a categorical report based on its verification that, the benefit of ITC has been passed on by the Respondent to all 189 homebuyers/customers who have booked their units on or after 1.07.2017 by way of giving deduction in […]

Portfolio manager not accountable for securities held by clients outside PMS

July 18, 2022 1431 Views 0 comment Print

A portfolio manager may not be held accountable for securities held by its clients outside the PMS arrangement.

DRI detects Customs duty evasion in excess of Rs. 4,300 Crore

July 18, 2022 846 Views 0 comment Print

DRI concluded an investigation into a case involving Customs duty evasion in excess of Rs. 4,300 Crore by an importer involved in the manufacturing, assembling, wholesale trading and distribution of mobile handsets and accessories on account of undervaluation.

Pass percentage & Toppers of CA Final May 2022

July 16, 2022 25947 Views 0 comment Print

Declaration of Result of Chartered Accountants Final Examination held in May 2022 – Pass percentage & Toppers of CA Final May 2022 Public Relations Committee The Institute of Chartered Accountants of India 15th July, 2022 ICAI Press Release The Institute of Chartered Accountants of India (ICAI) today announced the result of Chartered Accountants Final Examination […]

Income Tax Department searches Pharmaceutical Group in Bengaluru

July 16, 2022 594 Views 0 comment Print

Income Tax Department conducts searches on a Pharmaceutical Group in Bengaluru Income Tax Department carried out search and seizure operations on 06.07.2022 on a major Bengaluru-based pharmaceutical group, engaged in the business of manufacturing and marketing of pharmaceutical products and Active Pharmaceutical Ingredients (API). The group has presence in over 50 countries. The search action […]

Income Tax Department searches two business groups in Tamil Nadu

July 16, 2022 531 Views 0 comment Print

Income Tax Department conducts searches two business groups in Tamil Nadu Income Tax Department carried out search and seizure operations on 06.07.2022 on two business groups of Tamil Nadu engaged in the business of Civil Contracts, Real Estate, Advertising etc. The search operations were carried out at more than 40 premises located in Chennai, Coimbatore […]

Guidance Note on Companies (Auditor’s Report) Order, 2020 (Revised 2022 Edition) 

July 16, 2022 56964 Views 0 comment Print

Guidance Note on the Companies (Auditor’s Report) Order, 2020 (CARO 2020) to provide detailed guidance on reporting requirements of CARO 2020

CAIT request for clarification on GST on prepackaged & labelled goods

July 16, 2022 825 Views 0 comment Print

Important letter sent to Finance Minister, Smt. Nirmala Sitharaman requesting clarification on GST on prepackaged and labelled goods and also to defer the implementation of clauses in Notification No. 6/2022 and 07/2022-CGST (R) dated 13.07.2022 pertaining to prepackaged and labelled goods. Confederation of All India Traders “Vyapar Bhawan 925/1, Naiwala, Karol Bagh, New Delhi- 110005. […]

GST on work contracts of Hyderabad Metropolitan Water Supply & Sewerage Board

July 15, 2022 1986 Views 0 comment Print

In re Power Solutions (GST AAR Telangana) M/s. Power Solutions is executing work contracts including material & services and services for Hyderabad Metropolitan Water Supply and Sewerage Board (governmental authority) & is desirous of obtaining clarification regarding the rate of tax on such works. AAR held:- a. For works contract including material & services the […]

GST: Every economic offence cannot be treated in same manner for Bail

July 15, 2022 1407 Views 0 comment Print

In the matter of bail, there is no straitjacket formula for consideration of bail to an accused as it all depends upon the facts and circumstances of each case.

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