Since the facility of beneficiary uploading these documents through e-SANCHIT will be deactivated from 31.01.2020, beneficiary registration is of utmost importance. Hence, all the formations are requested to reach out to the beneficiaries to ensure that correct email addresses are reflected in the ICEGATE. Special efforts may be taken for wide publicity in this regard.
Exposure Draft of Standard on Internal Audit (SIA) 130, Risk Management (Comments to be received by February 05, 2020) EXPOSURE DRAFT STANDARD ON INTERNAL AUDIT (SIA) 130 RISK MANAGEMENT* The Internal Audit Standards Board of the Institute of Chartered Accountants of India (ICAI) invites comments on Standard on Internal Audit (SIA) 130, Risk Management. Comments […]
Digital Competency Maturity Model For Professional Accounting Firms – Version 2.0 And Implementation Guide This is an era of exponential changes powered by innovative combinations of emerging technologies with unprecedented pace, scope and depth of impact. Governments and regulators across the globe are recognizing the potential of emerging technologies for creating positive implications on almost […]
1. BACKGROUND Micro Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward […]
Approval given by approving authority for reopening of assessment u/s 147 of the Income Tax Act, 1961 was without due application of mind and in mechanical manner – reassessment should be quashed.
The act of Insider Trading does not only shake the capital markets, but also impacts the genuine Investors and the country’s economic growth. Various committees constituted by the Government have recommended measures to prohibit the practice of insider trading and the need to regulate the same. To deal with market abuse related to “insider trading”, […]
SRC Aviation (P) Ltd. Vs Union of India & Ors. (Delhi High Court) it may be noted that as per Notification No. 49/2019 dated 09.10.2019 issued by CBIC, the date prescribed for filing of Form GST TRAN-1 under Rule 117 (1A) of the CGST Rules has been extended to 31.12.2019. This itself demonstrates that the […]
Ramesh Electricals Vs Union of India (Karnataka High Court) Petitioners are invoking the writ jurisdiction of this Court, in substance for a direction to the respondents to permit them to avail the benefit in the ‘Arrears Category’ of SAB KA VISHWAS (LEGACY DISPUTE RESOLUTION) Scheme 2019. The apprehension of the petitioners that their claim under […]
The Pharmaceutical Reference Standards (Prepared Laboratory Reagents) imported and supplied by the Appellant and classified under Tariff Item 3822 00 90 of the Customs Tariff Act, 1975 is covered under Entry No. 80 of Schedule-II to Notification No. 1/2017-Integrated Tax (Rate) dated 28th June 2017 attracting a levy of Integrated Tax at the rate of 12%.
Appointment of CAA by DGRI vide Notification No. 4/2020-Customs (N.T./CAA/EXTENSION/DRI) Dated: 14th January, 2020 Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 4/2020-Customs (N.T./CAA/EXTENSION/DRI) New Delhi, dated the 14th January, 2020 S.O. (E). – In exercise of powers conferred upon by […]
