Unravel the Penalty Puzzle under GST: Section 122 or 73/74? Dive into the debate over penalty imposition for non-payment, short-payment, and offenses. Understand the divided interpretations, implications, and the legislative intent. Stay informed to navigate GST complexities.
Explore the legal framework and provisions of Section 135 of the Companies Act 2013, which mandates corporate social responsibility (CSR). Discover the applicability, contribution requirements, reporting obligations, and impact assessment of CSR policies for companies. Learn how CSR initiatives contribute to sustainable development and the overall welfare of society.
Understand the provisions and tax liability on composite and mixed supplies under GST as per the CGST Act, 2017. Learn how to classify composite and mixed supplies and determine the applicable tax rates.
Learn about the annual return on Foreign Liabilities and Assets (FLA) and its filing requirements for entities with foreign investments. Discover the penalties for non-compliance and gain insights into the FLA return filing process.
The overall plan for an audit serves as a roadmap, providing direction and guidance for the audit process. It ensures that the auditor conducts a comprehensive and efficient examination of the client’s financial statements. This article explores the key considerations and steps involved in developing a robust overall plan for an audit.
Unlock the complexities of ISD vs Cross Charge for distributing input tax credit (ITC) after the 50th GST Council Meeting. Understand the implications, taxability of supplies between distinct persons, and the recommended clarifications. Stay informed for compliance in the evolving GST landscape.
Navigate the complexities of Foreign Liability Assets Return (FLA) under FEMA 1999. Learn about the entities required to submit FLA, exemptions, filing deadlines, and the step-by-step process. Stay compliant and understand the penalties associated with non-compliance.
Get insights from the Sunlight Cable Industries case as the Bombay High Court quashes Revenue’s order on withholding IGST refund. Explore the assessment of double benefit claims.
Finance bill 2023 introduced amendments to the angel tax provisions. The amendments extended the scope of angel tax to include the issuance of shares by Companies having Common Heritage Certificates (CHCs) to non-resident investors.
On April 4, 2022, HDFC Ltd, a prominent mortgage lender, announced its intention to merge with HDFC Bank. This merger, which is contingent upon various statutory and regulatory approvals, including those from the Competition Commission of India (CCI), the National Company Law Tribunal (NCLT), and relevant authorities, as well as the consent of shareholders and creditors of both companies.
