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Accounting treatment of lease rent as per “IND AS 116 LEASES”

February 20, 2023 203034 Views 4 comments Print

Ind AS 116 sets out the principles for the recognition, measurement, presentation, and disclosure of leases. The objective is to ensure that lessees and lessors provide relevant information in a manner that faithfully represents those transactions.

GST Amnesty Scheme proposed in 49th GST council meeting!

February 20, 2023 1635 Views 0 comment Print

GST Council Meeting held on 18th February 2023 recommended various GST amnesty schemes and certain changes in tax rates along with rationalization in Late Fees for Annual return were also proposed.

Analysing Regulatory Framework of SEBI Regarding Foreign Based Research Entities

February 20, 2023 3177 Views 0 comment Print

Regulation 3 read with regulation 7 deals with the qualification and other requirements for the research entity and mandates for a certification of research analyst by SEBI under the said regulation.

Accounts and Records as per CGST Act and Rules 2017

February 20, 2023 14247 Views 0 comment Print

Accounts and Records as per CGST Act and Rules 2017 Get to know more about Section 35 of the CGST Act, including the production and manufacture of goods, inward and outward supply of goods or services, stock of goods, input tax credits, output taxes and more.

Necessity of Recording Reasons to Believe of Search Under CGST Act, 2017

February 20, 2023 4935 Views 0 comment Print

The legal provisions qua search under the CGST Act, 2017 should only be invoked in cases where the officer takes a view that the reason which he is going to form for search is honest and reasonable and the same is not based upon grounds which culminates from mere suspicion, gossips, rumours

Threats to compliance with fundamental principles with respect to CA Act, 1949

February 20, 2023 6450 Views 0 comment Print

Threats to compliance with fundamental principles of CA Act, 1949 Self-interest, Undue dependence, Close business relationship & Fear of losing client.

49th GST Council Meeting: From Compensation Cess to Rate Rationalization

February 20, 2023 7629 Views 0 comment Print

The 49th GST Council Meeting took decisions on GST Compensation, Taxation, and Special Composition Scheme. Read an overview of the proposed changes on our blog!

Amendment in section 43B – Allowance of expenses on payment basis to micro or small enterprises

February 20, 2023 12450 Views 0 comment Print

Finance Minister Smt. Nirmala Sitharaman has proposed amendment for providing benefit to micro and small enterprises which might result into being a big task for Indian enterprises.

49 वीं जीएसटी कौंसिल मीटिंग के मुख्य फैसले

February 20, 2023 27897 Views 2 comments Print

जीएसटी कौंसिल की 49 वीं मीटिंग दिनांक 18 फरवरी 2023 को हुई जिसका प्रेस रिलीज भी आ चुका है लेकिन कुछ मुद्दों पर जितना प्रेस रिलीज में है उससे ज्यादा तो वित्त मंत्री महोदया की प्रेस कांफ्रेंस में कहा गया है जैसे जीएसटी अपीलेट  ट्रिब्यूनल और उसकी संरचना के सम्बन्ध में दिये गए तथ्य एवं […]

EPS 95- Higher Pension – Frequently Asked Questions

February 19, 2023 208536 Views 158 comments Print

The request for a higher pension should be made in Joint Option Form duly signed by both the employee and the employer The EPFO has not issued any standard Format. The organizations are providing Joint Option Form in its format.

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