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Overview of laws regarding Alternative Dispute Resolution in Bhutan

July 14, 2023 957 Views 0 comment Print

Alternative Dispute Resolution Act of Bhutan 2013 covers the International and Domestic commercial arbitration and negotiated settlements conduced within the Kingdome of Bhutan. It also covers the provisions regarding the recognition and enforcement of arbitral awards including foreign arbitral awards. 

Changes recommended by GST Council in its 50th Meeting

July 14, 2023 1191 Views 1 comment Print

Key recommendations from the 50th GST Council Meeting: Changes in tax rates for various goods/services, trade facilitation measures, and compliance streamlining. Stay informed on the latest GST updates.

Unique Aspects of Appeals under the Civil Procedure Code 1908 in India

July 14, 2023 3630 Views 0 comment Print

Discover the grounds, types, and limitations of appeals under civil cases in India. Explore the provisions of Part VII of the Civil Procedure Code (CPC) and learn who can file an appeal, the types of appeals available, and the general grounds for appeal.

A rare 2nd Chance to File GSTR-9 – Use it Wisely

July 14, 2023 3678 Views 0 comment Print

Missed filing your GSTR-9 for financial years 2017-18 to 2021-22? A rare 2nd chance until 31.08.2023. Check your compliance, avoid late fees, and make the most of this opportunity.

GST levy on Online Gaming, Casinos, Horse Racing and the like…..

July 14, 2023 9561 Views 3 comments Print

Explore the significant shift in GST levies on online gaming, casinos, and horse racing following the 50th GST Council Meeting on 11th July 2023. Uncover the key recommendations, implications for skill-based and chance-based games, and the industry’s response. Stay informed on the evolving tax landscape for the gaming sector.

Key Recommendations from the 50th GST Council Meeting

July 13, 2023 3402 Views 0 comment Print

Explore the key recommendations from the 50th GST Council Meeting held on 11/07/2023. From clarifications on the Input Services Distributor (ISD) mechanism to proposed amendments in the GST law, discover insights that enhance efficiency and clarity in the GST system. Stay informed on crucial changes affecting businesses and compliance.

Practical solutions to the corporate failures in Indian Start-ups

July 13, 2023 798 Views 0 comment Print

Explore practical solutions to address corporate governance lapses in Indian startups. From strengthening regulatory frameworks to promoting independent boards and whistleblower protection, learn how regulatory reforms and increased transparency can enhance governance practices. Stay informed for a resilient startup ecosystem.

No penalty in case of commission of illegal act without mens rea

July 13, 2023 1329 Views 0 comment Print

HC set aside penalty order passed under Section 112(a) of Customs Act, 1962 and held that assessee cannot be penalized for abetting illegal import as there is no evidence that assessee has knowledge of import of prohibited goods.

Record-to-Report (R2R) Process STEPS to be Followed

July 13, 2023 26700 Views 0 comment Print

Exciting news! Today, let’s dive into the essential steps of the Record-to-Report (R2R) process, a critical component of financial operations. I’ll walk you through each step with a concise example to showcase their significance. Let’s get started! Step 1️ – Record: In this initial step, financial transactions are meticulously recorded, such as capturing sales data, […]

FAQs on Income-tax Returns for Assessment Year 2023-24

July 13, 2023 7620 Views 0 comment Print

Get answers to FAQs on Income-tax Returns for Assessment Year 2023-24. Learn about income period, taxpayers’ eligibility, due dates, ITR forms, crypto trading, revised returns, AIS, and more. Stay informed for a hassle-free tax filing experience.

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