Maharashtra State GST department arrested one person for bogus ITC claim worth Rs.14 crore from fake bills of around Rs.102 crore. The department has also been able to get revenue of Rs. 8 Crore from the suppliers linked to M/s. Cermix.
It has been brought to the notice of the Ministry that the various instances have been observed where it has been found that practicing members of ICSI are not carrying out due diligence and verification of document while incorporating a company or a LLP.
The Institute of Company Secretaries of India appreciates the efforts of the Government of India in bringing the Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Bill, 2021.
The tax revenue in the Union Budget for 2021-22 was estimated at ₹22.17 lakh crore against the revised estimates of ₹19 lakh crore, with a growth of 17%. The Union Budget was presented on 1st February, 2021 when the 1st COVID wave had tapered off in India but the world was facing successive waves.
Article explains about New Functionalities made available for Taxpayers on GST Portal (March, 2022) which are related to Creation of link for Manipur, Enhancements made in the Search Taxpayer functionality, mandatory Aadhaar authentication/ Aadhaar enrolment ID for Form GST REG-21, Form GST CMP-02, Changes made on the portal for composition taxpayers engaged in supply of Hotel […]
Delhi High Court admits petition questioning Validity of provisions in Finance Act 2022 which overruled landmark Judgment of Supreme Court in Canon India case On 07.04.2022, the Delhi High Court admitted a petition challenging validity of provisions contained in the Finance Act 2022 to overrule the judgment of Supreme Court in Canon India case. The Supreme […]
In accordance with the terms of the credit facility sanctioned by your bank to us, we are required to provide you with stock and debtors statements and some other documents by the 15th of the following month.
IBBI Discussion Paper on Enhancing effectiveness of Information Utility seeks to address the issue of delay in admission of application for initiation of corporate insolvency and resolution process (CIRP).
As per newly inserted regulation 17(1C) the listed entity shall ensure that approval of shareholders for appointment of a person on the Board of Directors is taken at the next general meeting or within a time period of three months from the date of appointment, whichever is earlier. Whether the said new provision shall be applicable to directors appointed before the effective date of the amendment i.e. January 01, 2022?
The online window will reopen for Four Days from 00:01 hours on 07.04.2022 to 23:59 hours on 10.04.2022 for Professional Programme Students to update their Optional/Elective subject of CS Professional Program June 2022 session of Examination
