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ICAI President’s Message – January 2024

January 1, 2024 48471 Views 1 comment Print

Explore India’s thriving start-up ecosystem, ICAI’s impactful initiatives, and vision for economic excellence in 2024. Aniket Talati, ICAI President, shares insights.

GST rate on contracts executed before notification No. 03/2022-Central Tax (Rate)

December 29, 2023 7239 Views 0 comment Print

Get clarity on GST rates for contracts pre & post-notification (No. 03/2022-Central Tax). AAR ruling for PPS Builders Pvt Ltd. 12% or 18%? Find out!

GST Advance Ruling to receiver/supplier of goods/services is void an-initio

December 29, 2023 426 Views 0 comment Print

Explore the implications of the void advance ruling by GST AAR Uttar Pradesh on the NHAI and MVVNL transaction. Detailed analysis and insights into GST implications.

Government Establishes Principal Bench of GST Appellate Tribunal in New Delhi

December 29, 2023 1140 Views 0 comment Print

Explore the latest notification from the Ministry of Finance regarding the establishment of the Principal Bench of the Goods and Services Tax Appellate Tribunal (GSTAT) in New Delhi, effective immediately.

MCA Year Ender 2023: Transformative Changes in Corporate Governance

December 29, 2023 939 Views 0 comment Print

Explore the Ministry of Corporate Affairs’ (MCA) significant achievements in 2023, from C-PACE to regulatory amendments, shaping a dynamic and efficient corporate landscape.

RBI (Financial Benchmark Administrators) Directions, 2023

December 28, 2023 699 Views 0 comment Print

Explore the key highlights of the Reserve Bank of India’s (RBI) revised guidelines for Financial Benchmark Administrators in 2023, covering eligibility, oversight, controls, and reporting.

RBI releases 2023 list of Domestic Systemically Important Banks (D-SIBs)

December 28, 2023 2202 Views 0 comment Print

Explore the Reserve Bank of India’s 2023 list of Domestic Systemically Important Banks (D-SIBs). SBI and HDFC move to higher buckets, affecting CET1 requirements from April 1, 2025.

Section 80P(4) not restrict Section 80P(2) deduction claimed by Co-op Society: HC

December 28, 2023 2091 Views 0 comment Print

Explore the Madras High Court’s judgment on CIT vs Tamilnadu Cooperative Housing Federation Ltd. Get insights into key tax implications and deductions under Section 80P of the Income Tax Act.

GST Registration Cancelled Without Hearing: Allahabad HC Quashes Order

December 28, 2023 1449 Views 0 comment Print

Allahabad High Court overturns GST cancellation order against Manikya Engineers, citing lack of hearing. Full judgment analysis and implications revealed in this legal update.

SEBI’s Interpretative Guidance on Marvel Vinyls Ltd.’s Proposed Demerger

December 27, 2023 333 Views 0 comment Print

Explore SEBI’s interpretive letter on Arihant Capital Markets Ltd.’s demerger proposal. Learn about payment obligations, exit offer period, and regulatory compliance.

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