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NFRA Inspection 2022: Analysis of Price Waterhouse LLP Audit Compliance

December 26, 2023 2361 Views 0 comment Print

Explore NFRA’s audit inspection report on Price Waterhouse Chartered Accountants LLP. Detailed analysis of audit compliance, key observations, and implications.

Madras HC Upholds Section 194N, Dismisses Challenges to Circulars by Co-op Banks

December 26, 2023 525 Views 0 comment Print

Explore the Madras High Court’s judgment on Primary Agricultural Cooperative Credit Societies challenging Circulars related to tax deduction on cash withdrawals, with an analysis of legal provisions.

8 recent Changes related to Companies Act, 2013 and LLP Act

December 26, 2023 12105 Views 0 comment Print

Explore 2024 corporate rule amendments in India: MCA relaxations, AGM extensions, accounting standard changes, and competitive landscape updates

Telecommunications Act, 2023

December 24, 2023 801 Views 0 comment Print

Telecommunications Act, 2023 received the assent of the President on the 24th December, 2023 and It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint and different dates may be appointed for different provisions of this Act. MINISTRY OF LAW AND JUSTICE (Legislative Department) New […]

Post Office Act, 2023: A Comprehensive Overview

December 24, 2023 339 Views 0 comment Print

On the 24th of December, 2023, the President of India gave assent to the Post Office Act, 2023, which has now been officially published by the Ministry of Law and Justice (Legislative Department). This Act aims to consolidate and amend the laws pertaining to the Post Office in India, addressing various aspects of postal services […]

GST Order Sans Personal Hearing Invalid: Bombay High Court

December 22, 2023 1239 Views 0 comment Print

Explore Bombay High Court’s ruling in Kuehne Nagel vs State of Maharashtra, declaring a GST order invalid due to lack of personal hearing, violating Section 75(4) of CGST Act.

CIMS Implementation: RBI Shifts from XBRL for Gold Import Data

December 22, 2023 1296 Views 0 comment Print

Introduction: The Reserve Bank of India (RBI) has issued a crucial circular, A.P. (DIR Series) Circular No.12, dated December 22, 2023, addressing All Category-I Authorised Dealer Banks. This communication pertains to the implementation of the Centralised Information Management System (CIMS) and the consequential discontinuation of the submission of gold import data through the legacy XBRL […]

GST on Stadiometer & Infantometer as Diagnostic Medical Equipment

December 22, 2023 459 Views 0 comment Print

GST AAR Rajasthan clarifies Stadiometer & Infantometer classification as diagnostic medical equipment, placing them in 12% GST slab. Full order details.

GST on Delayed Payment of Interest by purchaser of goods: AAR Rajasthan Ruling

December 22, 2023 501 Views 0 comment Print

In a recent ruling by AAR Rajasthan in case of M/S Pink City Steel Rolling Mills Pvt Ltd., issue of GST applicability on delayed payment of interest was addressed.

Non-filing of Annual Return (Section 92(4) Violation): MCA Imposes Penalty

December 21, 2023 753 Views 0 comment Print

Explore the adjudication order by the Registrar of Companies, Maharashtra, Pune, imposing penalties on Sitaram Maharaj Sakhar Karkhana Limited under Section 92 of the Companies Act, 2013.

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