CBIC notifies commencement dates of clauses (a) and (b) of section 135 & 128 to 131 of Finance Act, 2023 (FA 2023) as 1st April 2023 vide Notification No. 21/2023-Customs (N.T.) | Dated : 31st March, 2023. Text of the Notification is as follows:- MINISTRY OF FINANCE (Department of Revenue) Notification No. 21/2023-Customs (N.T.) | […]
Notification No. 20/2023- Customs (N.T.) Dated-31.03.2023 – Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notifications No. 20/2023- Customs (N.T.) Dated : 31st March, 2023 S.O. 1562(E).—In exercise of the powers conferred by sub-section (2) […]
Corporate governance is the set of laws, customs, and procedures that regulate and control an organisation. It entails striking a balance between the interests of a company’s numerous constituents, including shareholders, management, clients, vendors, financiers, the government, and the public.
In re Kalepsh Dineshbhai Patel (GST AAR Gujarat) The aforementioned application having been filed by M/s. Kalpesh Dineshbhai Patel and not by M/s. Khanepe Hungermall LLP who is the actual supplier and also having been filed without requisite fee, stands rejected in terms of section 98(2) of the CGST Act, 2017 read with sections 95(a), (c) […]
Subsidized deduction made by applicant from employees who are availing food in factory/corporate office would not be considered as a ‘supply’ under section 7 of CGST Act, 2017
GST not leviable on amount representing employee’s portion of canteen charges recovered/collected by applicant from its employees and paid to canteen service provider on behalf of employee since it would not be considered as a supply under provisions of section 7 of CGST Act, 2017 and GGST Act, 2017.
In re Samco Logistics LLP (GST AAR Tamilnadu) 1. Rental Income received by the applicant from Renting Warehouse to store Agricultural Produce is a consideration for supply and the activity is covered under the meaning of supply of services in terms of Section 7 of the Central Goods and Services Tax Act, 2017. 2. Renting […]
Auditor not complied with the principles and procedures laid down in the SAs, had not maintained proper audit documentation and displayed flawed understanding and interpretations of the various stipulations in the law and standards in an unprofessional manner that established the EP’s professional misconduct in terms of section 132 (4) of the Companies Act 2013.
Auditor violated several Standards on Auditing (SA) that are required to be followed during conduct of an audit of historical financial information and in providing an auditor’s certificate.
International Financial Services Centres Authority Circular No. F.No.598/IFSCA/Communication with IBUs/2022-23/1 Dated: March 31, 2023 To, Heads of the Banking Units of Indian banks Dear Sir/Madam, Sensitising Authorised Dealer (AD) branches of Indian banks about facilities in IFSC 1. During a recent interaction with the officials of the IBU of an Indian AD bank it was […]
