Article examining the two approaches Financial Institutions in India use for vehicle seizure: traditional vs. SARFAESI methods. Explore how Indian Judiciary’s stance influences industry practices in vehicle impounding.
Navigating One Person Company (OPC) form filing deadlines is crucial for compliance. This guide covers due dates for AOC-4, MGT-7A, ADT-1, and DIR-3 KYC forms, ensuring timely submissions to avoid penalties. Stay informed and organized with this comprehensive OPC form filing guide.
Job work under GST is the processing of goods supplied by the principal. The concept of job work already exists in Central Excise, where major manufacturers can send inputs or semi-finished goods to job workers for further processing.
Explore the latest CBIC amendments in the Central Goods and Services Tax Rules, introducing Rule 31B and Rule 31C. Understand the valuation of supply in online gaming and casinos, unraveling the intricacies of money, digital assets, tokens, chips, and more. Stay informed on the impact of these changes for players and suppliers in the gaming industry.
Unlock the intricacies of Section 68 of the Income Tax Act, unraveling the nuances of unexplained cash credits. Delve into its amendments, practical implications, and the onus it places on individuals, firms, and closely-held companies. Gain a comprehensive understanding to navigate the complexities of this crucial taxation aspect effectively.
Learn about key amendments in financial reporting, Schedule III, CARO, and more for Indian companies. Discover how auditors ensure compliance with updated regulations in 2022/2023.
Calcutta High Court ruling on Suncraft Energy Ltd.’s Input Tax Credit denial without supplier due diligence. Analysis of judgment and implications.
Untangle the Tax Web: Is Income from Leasing Property Business or Rental Income? Dive into the debate through the lens of the Travancore Sugars and Chemicals Ltd. case. Understand the impact on tax liability and unravel the intricacies of classifying rental income.
Fungibles are a common practice, for example if a person exchanges a 100 rupee note with another, there is no change in the cash that the person holds, it is merely exchange of the same amount. cryptocurrencies are a type of fungible where one bitcoin in exchanged with the other, without any difference in its value.
Delve into Section 9(5) of CGST Act, 2017, which highlights tax responsibilities of e-commerce operators under GST. Learn about notifications, TCS, return filing, and penalties.
