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HC directed ICAI to grant membership to CA Student who pursued multiple courses during CA Studies

December 16, 2023 42438 Views 2 comments Print

Since on every occasion the student had diligently sought permission from the Respondent to pursue the course and on every occasion, the student had been permitted to pursue the course. When time came to register her as a Member of the Council to practice as a Chartered Accountant, the Respondent wanted to put the clock back by four years tinkering with the permissions that were already granted from time to time, therefore, High Court issued a mandamus to ICAI to consider addressing the grievance of Petitioner in accordance with law and enrolling her as a Member of the Institute bearing in mind the  observations made in the course of the order.

ITC Can’t Be Denied Due to Belated Return Filing

December 14, 2023 41445 Views 0 comment Print

Empower yourself with insights on replying to GST Department notices on invalid ITC. Understand Sec 16(4), late filing remedies, and legal precedents. Respond confidently to safeguard your ITC claims

Board Resolution passed without Directors Presence: MCA Imposes Penalty

December 14, 2023 3564 Views 0 comment Print

MCA has taken action against M/s Bestow Finishing School Private Limited for violating Section 179(3)(g) of Companies Act, 2013. This violation pertains to passing Board Resolutions without physical presence of directors, leading to penalties.

Minutes book without consecutive page numbering: MCA Imposes Penalty

December 14, 2023 25134 Views 0 comment Print

Explore MCA’s penalty on M/s Bestow Finishing School for violating Companies Act, 2013 Section 118—failure to consecutively number pages in the minutes book.

Default in conversion of loan into equity: MCA imposes Penalty

December 14, 2023 6096 Views 0 comment Print

Explore the MCA penalty on Ignosi Systems for default in loan-to-equity conversion. Learn about violations, penalties, and the company’s response to the charges.

A Comprehensive Guide to File GSTR-9 for FY 2022-23

December 11, 2023 47118 Views 4 comments Print

Demystify GSTR-9 filing for FY 2022-23 with this comprehensive guide. Learn due dates, tables, and step-by-step instructions for a hassle-free GST annual return submission.

From Cash to Commodities: Evolution of ‘Goods’ in GST Legislation & Courtroom Battles

December 11, 2023 3549 Views 0 comment Print

GST Courtroom Battles: Interpretation of ‘Goods’ across Indian High Courts & its implications on taxation and confiscation laws. From Cash to Commodities.

‘Ek ki Karni Dusre ki Bharni’ in TDS Defaults due to Inoperative PAN

December 11, 2023 34158 Views 7 comments Print

Explore the challenges faced by taxpayers due to TDS defaults linked to inoperative PANs. Understand the issues, resolutions, and potential solutions to this tax dilemma.

Join Live Webinar on Why India Needs Urgent Tax Reform

December 11, 2023 4941 Views 0 comment Print

Join our FREE webinar and learn how India can achieve a fairer and more efficient tax system for all. Low tax collection rates, alarming debt position and untapped potential of digital transactions will be discussed!

Closure of Petitioner’s Shop Alone Insufficient for GST Registration Cancellation

December 10, 2023 3240 Views 0 comment Print

Delhi High Court overturns the cancellation of VAB Apparel LLP’s GST registration. Learn why a closed shop is not sufficient grounds for cancellation. Full judgment details included.

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