Understand the impact of the deletion of Section 13(9) of the IGST Act 2017 on export freight taxation. Learn why the change was necessary, and how it affects both Indian and Foreign Shipping Lines. Stay updated on GST regulations for the transportation of goods by vessels.
Explore the FAQs on Legal Entity Identifier (LEI) for Borrowers, covering RBI and IRDAI mandates. Learn about application processes, eligibility, and the significance of LEI in financial transactions. Stay compliant with the latest circulars and deadlines.
Section 192 of the Income Tax Act, 1961 is applicable to all employers who are responsible for deducting tax at source from the salaries of their employees. This section applies to all types of employees, including full-time, part-time, and contractual employees, as long as they are earning a salary.
IND AS 7, or the Indian Accounting Standard 7, is a financial reporting standard that outlines the requirements for preparing and presenting cash flow statements. It is applicable to all entities that are required to comply with IND AS and provides guidance on the presentation of information about an entity’s cash receipts and payments during a given period.
Ensure sufficient time for compliance with Section 143(2) notice and the mandatory issuance of valid notices under Section 142(1)(ii). Understand the legal implications and the possibility of nullifying the assessment if proper procedures are not followed. Stay informed to protect your rights in tax assessments.
International commercial arbitration is a process by which parties to an international contract can resolve their disputes without having to go through the courts. However, corruption in this system has become a major concern in recent years. It is estimated that up to 10% of all international commercial arbitration cases involve some form of bribery or other corrupt activities.
From April 1, 2023, gold jewellery sales in India require a mandatory six-digit alphanumeric HUID (Hallmark Unique Identification) to enhance credibility and consumer protection. Explore the government’s move to safeguard interests, prohibit non-compliant jewellery, and empower consumers with traceable and verifiable hallmarking. Stay informed about the latest standards in the jewellery industry.
Discover the promising future of green hydrogen and how it is set to revolutionize energy and industry. Learn about its production, potential uses in transportation, energy storage, power generation, industry, and heating. Explore the clean, renewable, and versatile features that make green hydrogen a key player in the transition to a low-carbon economy. Stay ahead in the energy evolution.
Explore the standardization of procedures for GST adjudication and appeal proceedings. Learn about the proposed SOP for uniform conduct, timeframes, and transparency in the process. Ensure compliance with the latest guidelines to streamline your GST obligations.
Understand the new Companies (Accounting) Rules, 2014 amendment effective from April 2023, mandating the use of accounting software with an audit trail feature. Explore implications, compliance requirements, and the role of statutory auditors. Ensure your company’s adherence to the latest legal provisions.
