Read Circular No. 194/06/2023-GST from CBIC clarifying TCS liability under Section 52 of the CGST Act in cases of multiple E-commerce Operators (ECOs) in one transaction. Understand the responsibilities of the buyer-side ECO and seller-side ECO in different scenarios. Ensure compliance with section 52 of the CGST Act.
Discover the latest trade notice from DGFT regarding the introduction of a user-friendly and searchable database for Ad-hoc Norms fixed under Para 4.07 of HBP. Simplify the advance authorisation and Norms Fixation process with this trade facilitation measure. Access the database on the DGFT website and apply for Advance Authorisation without Norms Committee approval.
Analysis and insights into the ITAT Ahmedabad ruling on the appeal of Rameshbhai Patel against the NFAC order regarding unexplained money and procedural errors in the tax assessment for the year 2012-13
Analyzing the key implications of ITAT’s ruling in the case of ACIT Vs Jones Lang Lasalle Building Operation Pvt Ltd, highlighting the acceptability of business service charges for HR-related services provided by associate concerns.
ITAT Hyderabad in case of Telangana State Chapter Indian Radiological & Imaging Association vs ITO held that application for approval u/s. 80G(5) cannot be rejected solely for selecting wrong form.
The ITAT Pune ruling confirms that payments made for admissions are not considered donations to a Charitable Trust, leading to an income tax addition. Explore the full analysis and implications of the judgment in this detailed review.
Draft SRS 4400 (Revised), Agreed-Upon Procedures Engagements pplies to the performance of agreed-upon procedures engagements on financial or non- financial subject matters. (Ref: Para. A1–A2)
Draft SA 250 (Revised), Consideration of Laws & Regulations in an Audit of Financial Statements deals with the auditor’s responsibility to consider laws and regulations in an audit of financial statements. This SA does not apply to other assurance engagements in which the auditor is specifically engaged to test and report separately on compliance with specific laws or regulations.
Read the analysis of the CESTAT Ahmedabad order regarding the absence of evidence of excise duty inclusion in the price charged from buyers. Learn how the CESTAT granted the benefit of cum-duty price and remanded the case for re-quantification of duty demand and penalties.
Insightful review of the ITAT Delhi ruling on the case Bharat Anand vs ACIT, highlighting the judgement on allowing business promotion and tour & travel expenses of a professional partner in a firm.
