The RBI has decided that the guidelines on LEI stand extended to Primary (Urban) Co-operative Banks (UCBs) and Non-Banking Financial Companies (NBFCs). It is further advised that non-individual borrowers enjoying aggregate exposure of ₹5 crore and above from banks and financial institutions (FIs) shall be required to obtain LEI codes as per the timeline given in the below Table.
Learn how to register Entity Users and Business Users on the FIRMS Portal of RBI. Navigate through the process, requirements, and contact details for assistance. Stay informed on foreign investment reporting with RBI’s Single Master Form.
Dive into the legal battle between PepsiCo and Gujarat potato farmers over the FC5 potato variety. Explore the facts, key issues, and the revocation of PepsiCos patent. Uncover the lessons learned from this landmark case.
Safeguard your GST identity! Learn how to report fake GST registrations under your PAN. Follow the step-by-step guide to verify and file complaints against unauthorized registrations. Stay proactive to prevent trouble.
Unravel the intricacies of CBDT Instruction No. 01/2022 on SC Judgment Union of India vs Ashish Agarwal. Dive into the curious case of missing provisos in Section 149 and a miscounting of 3 years, exposing potential flaws and implications in reassessment notices. Stay informed on the evolving landscape of tax regulations.
Explore the complexities of handling expenses for non-operative mines/plants. Dive into a case study on the absorption, reconciliation, and reporting of costs for temporarily or permanently closed mining operations. Navigate the challenges of maintaining accurate financial and cost statements.
Demystify TDS on payments by E-Commerce Operators to participants with Section 194-O. Understand the nature, deductor responsibilities, time of deduction, rates, and exemptions. Stay compliant and navigate the complexities of E-Commerce transactions
Understanding the reassessment procedure for Section 148 notices after the Supreme Court’s verdict in Union of India Vs. Ashish Agrawal.
Understanding the implications of converting from the composition scheme to the regular scheme under GST. Learn about the availability of ITC and how it affects your tax payments.
Get insights into the provision and applicability of Cost Audit and Cost Auditor on Companies. Understand the reasons behind receiving a Notice from the Cost Department.
