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GST on Education: Rates, Exemptions & Implications

December 26, 2023 20481 Views 0 comment Print

Understand 18% GST on education, its implications on private institutions, coaching centers, and materials. Explore GST rates, exemptions, and eligibility for refunds

Tulsi Extrusions Limited Penalized for late-filing of annual return

December 26, 2023 468 Views 0 comment Print

Ministry of Corporate Affairs penalizes Tulsi Extrusions Limited for violating Section 92 of the Companies Act, 2013. Details of the penalty order and its implications.

Faceless Appeal Scheme 2021 in India

December 26, 2023 11463 Views 1 comment Print

Discover the transformative Faceless Appeal Scheme (FAS) 2021 in India’s direct tax system. This flagship e-governance initiative eliminates physical interactions, ensuring efficiency, transparency, and accountability. Explore its features, filing procedures, and taxpayer responsibilities for a seamless appeal process

SRBC & Co. LLP Audit Inspection Report 2022: NFRA Findings Revealed

December 26, 2023 2448 Views 0 comment Print

Explore detailed NFRA Inspection Report 2022 on SRBC & Co. LLP. Key findings include audit documentation, leadership structure, and compliance issues. Get insights now

Government’s Action Plan to Combat Ponzi Scams

December 22, 2023 642 Views 0 comment Print

Explore the comprehensive steps taken by the Government of India and RBI to regulate Ponzi apps and address large-scale scams. Learn about the Banning of Unregulated Deposit Schemes Act and proactive measures against fraudulent loan apps.

Submission of return on issuance of bank guarantees for Trade Credits on CIMS

December 22, 2023 1248 Views 0 comment Print

Explore RBI’s latest circular on Trade Credit reporting shift to CIMS. Learn about changes, submission details, and the impact on Authorised Dealer Banks.

Rupee Drawing Arrangement: Submission of statement/return on CIMS Portal

December 22, 2023 2286 Views 0 comment Print

RBI circular mandates a transition from the XBRL site to Centralized Information Management System (CIMS), impacting all Authorised Dealer Category-I Banks.

Shayona Petrochem Limited Penalized for late-filing of Financial Statement

December 21, 2023 498 Views 0 comment Print

Government of India’s Ministry of Corporate Affairs imposes penalties on Shayona Petrochem Limited and its directors for violating Section 137 of the Companies Act, 2013.

IBBI Suspends IP for conducting auctions in an improper manner

December 21, 2023 633 Views 0 comment Print

DC finds that Mr. Nirav Anupam Tarkas has conducted the auctions in an improper manner in CD-1 by inviting bids for already sold vehicles and reducing the reserve price beyond permissible prescribed limits. With regard to the CD-2 and CD-3, the DC finds that Mr. Nirav Anupam Tarkas failed to perform his duties as per […]

IBBI Circular: Insolvency Professionals’ Declarations – Form C Clarification

December 21, 2023 1014 Views 0 comment Print

Explore IBBI’s latest circular clarifying the submission of declarations by insolvency professionals in Form C for initiating insolvency resolution processes. Key details for creditors and professionals.

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