Explore the tax and GST implications on online gaming income in India, including changes under the Finance Bill, 2023, and the CGST Act, 2017.
The 2024 Budget changes tax rules for share buybacks, impacting shareholder taxation and reducing tax arbitrage. Learn the implications and rationale.
Responsibility casted upon Management for effective maintenance & safe custody or preservation of records including Audit Trail.
Understand the auditors responsibility in relation to audit trail effective from April 1, 2023. Learn the key definitions, implications for accounting software, and the audit approach. Stay compliant with the latest regulations.
This report summarizes our procedures, findings, and recommendations as it relates to our assistance with the evaluation of bookkeeping, records and internal control irregularities at Company in determining the fraud risk and the amount involved therein.
Central Government provided conditional waiver of late fees on filing of Form GSTR-3B by the dates specified in Notification No 52/2020 dated 24.06.2020 & in Notification No 57/2020 dated 30.06.2020, beyond which the Late fees shall be charged from the Original Date of Return till the date of actual filing of Form GSTR-3B. Category of […]
In GST regime, this debate or confusion on taxability of Work Contract has been removed and now been declared as a supply of service as mentioned in Schedule II to the CGST Act, 2017.
Issue: Whether separate registration is required for work contract to be executed in another state other than principal place of business. Applicant: M/s T & D Electricals – Advance Ruiling No: KAR ADRG 18/2020 dated 31.03.2020 Provision referred: Section 2(71), 2(89) & 22 of CGST Act 2017 Section 7, 8 ,10 & 12 of IGST […]
Section 35 of CGST Act 2017 deals with the upkeep and maintenance of books of accounts and records by every registered person* at his principal palace of business** from where business is being pursued. Generally such place is mentioned in Certificate of registration of registered person.
Assessment of Unregistered person as provided in Section 63 of CGST Act 2017 read with Rule 100 of CGST Rule 2017. Scope: ♠ When the proper officer is in possession of some information and that is material for initiating the proceedings. ♠ The proper officer is vested with the power not only to identify transaction […]
