Putting the responsibility on the shoulders of the buyers or the Chartered Accountant or Cost Accountant of the supplier is incorrect. The GST authorities are so unequipped that they can catch the persons who have not paid the taxes.
The Ministry of Corporate Affairs (MCA) on January 20, 2023 inline with the Migration of forms from its V2 Portal to V3 Portal, issued the Companies (Appointment and Qualification of Directors) Amendment Rules, 2023 (Rule) which is effective from January 23, 2023 amending the Rule 14 of the Companies (Appointment and Qualification of Directors) Rules, […]
As we all know working capital plays a critical role in the functioning of a business. Processing of timely GST refunds will help your businesses and facilitate trade through the release of blocked working capital funds. In order to provide solution to the various REFUND related issues, we have come up with an integrated lecture […]
Board of Studies The Institute of Chartered Accountants of India Applicability of Standards/Guidance Notes/Legislative Amendments etc. for May, 2023 – Foundation Course Examination Paper 2, Section A: Business Laws for May 2023 examination (1) (2) (3) S. No. in the syllabus Chapters/ Topics of the syllabus Inclusions 1. Chapter 1: The Indian Contract Act, 1872 […]
ICAI enters in Asia Book of Records for-Maximum Number of Students Participation in Super Mega Career Counselling Programme
Non-Profit organizations (NPOs) have grown by leaps and bounds with larger magnitude. In view of their growing significance, ensuring accountability and transparency for NPOs becomes important. Sound financial reporting aids in ensuring accountability and transparency for NPOs.
CS Devendra V. Deshpande, elected as President and CS Manish Gupta, elected as Vice President of the Institute of Company Secretaries of India for the year 2022 w.e.f. 19th January 2022.
Centre releases endorsement guidelines for Celebs and Social Media Influencers Disclosures must be prominently and clearly displayed in the endorsement Use terms ‘advertisement’, ‘sponsored’ or ‘paid promotion’ for endorsements: Guidelines The Department of Consumer Affairs under Ministry of Consumer Affairs, Food and Public Distribution released a guide ‘Endorsements Know-hows!’ for celebrities, influencers and virtual influencers on […]
To strengthen functioning of IBC, changes to Code are being considered in relation to admission of corporate insolvency resolution process (CHIP) applications, streamlining the insolvency resolution process, recasting the liquidation process, and role of service providers under Code.
A group insolvency framework that is voluntary, flexible and enabling in nature should be provided under the Code. Such a framework may be introduced in phases. In the first phase, only provisions governing domestic group insolvency may be enacted.
