This article provides an in-depth comparative study of AS 19 and Ind AS 116, examines the underlying concepts, explores complexities through real-life examples, and analyses their implications on financial reporting.
J&K High Court held GST Budgetary Support refunds be based on fixed value addition rates under Notification 01/2010-CE, not actual higher rates.
The RBI has launched PRAVAAH, a digital portal for regulatory approvals. It offers a secure, paperless, and time-bound process for individuals and entities.
Understand your legal rights and procedural protections during Income Tax and PMLA raids in India. Learn what to do and what to avoid to ensure due process.
The Sikkim High Court ruled that businesses can get a refund of unutilized Input Tax Credit (ITC) upon closure, citing constitutional principles.
A comprehensive guide to issuing secured non-convertible debentures (NCDs) by private companies in India. Learn about regulatory frameworks, conditions, and the step-by-step process.
An analysis of GST treatment on post-supply price revisions for exports with IGST payments. Learn about debit and credit notes, interest implications, and refund procedures.
Understand the impact of Section 194T, which mandates a 10% TDS on payments to partners by firms and LLPs, effective from April 1, 2025. This summary covers its applicability, rates, and challenges.
Learn about GST Rule 37A for ITC reversal and re-availment. This summary explains deadlines, compliance requirements and what happens when suppliers delay GSTR-3B filings.
A comparison of AS 18 and Ind AS 24 related party accounting standards. Learn key differences in definitions, disclosures, and how they impact financial reporting.
