Clipped from: https://www.ey.com/en_in/alerts-hub/2021/03/hc-sets-aside-service-tax-notice-issued-on-the-basis-of-information-retrieved-from-income-tax-record This Tax Alert summarizes a recent Bombay High Court (HC) ruling1. The issue in the writ petition involved was whether show cause-cum-demand notice
Day: March 20, 2021
SCN Reply –guidance
Madhurkarji_BestPractices.pdf https://www.voiceofca.in/siteadmin/document/Madhurkarji_BestPractices.p
Bombay High Court stays Service Tax demand notice issued to CA based on ITR
Clipped from: https://www.taxscan.in/bombay-high-court-stays-service-tax-demand-notice-issued-to-ca-based-on-itr-read-order/98363/ Home Top Stories Bombay High Court stays Service Tax demand notice issued to CA based on ITR [Read Order] Featured Headlines Income Tax
Central GST Dept Issuing ‘Illegal’ Show Cause Notices for FY2015, Alleges CA Association: Report
Clipped from: https://www.moneylife.in/article/central-gst-dept-issuing-illegal-show-cause-notices-for-fy2015-alleges-ca-association-report/62592.html The Central goods and services tax (GST) department has been issuing show cause notices (SCNs) for FY2014-15 for difference in receipts as per
Recent Service Tax Show Cause Notices – Validity Thereof
Clipped from: https://taxguru.in/service-tax/service-tax-show-notices-validity-thereof.html The Service tax authorities have recently issued a spate of SCNs for the FY 2015-16 to June 2017. Most of these notices are
(9) Handling Notices under Service tax and GST by CA Ashok Batra and CA Siddhant Pathak – YouTube
(9) Show Cause Notice of Service Tax for FY 14-15 onwards what to do? Detail analysis by CA Umesh Sharma – YouTube https://www.youtube.com/watch?v=1bma9fxvI0Q&ab_channel=KARNEETI Karneeti Part
IBBI releases ‘Handbook of Ethics’ for IPs – The Hindu BusinessLine
Insolvency regulator IBBI has come out with a “Handbook on Ethics” for Insolvency Professionals to stimulate the highest standards of ethics and professionalism. This handbook
Retailers Association of India appeal to the government to be included under MSMEs – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/retailers-association-of-india-appeal-to-the-government-to-be-included-under-msmes/2216161/ Ease of Doing Business for MSMEs: Retail Trade is not classified under Micro and Small enterprises since the year 2017. Ease of Doing
Cisco plans to reach 15 lakh SMBs in the next three years, says its MD for SMBs Panish PK – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cisco-plans-to-reach-15-lakh-smbs-in-the-next-three-years-says-its-md-for-smbs-panish-pk/2216431/ Technology for MSMEs: While the focus for Cisco has always been large enterprises, it started catering to SMBs a year and a half
No country for inflation targeting? – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/no-country-for-inflation-targeting/2216391/ A detached reading of the evidence suggests inflation targeting wasn’t responsible for the decline in India’s inflation—It contributed to a decline in GDP
RBI warns bond markets to avoid ‘tandav’ of high interest rates – The Financial Express
Clipped from: https://www.financialexpress.com/economy/rbi-warns-bond-markets-to-avoid-tandav-of-high-interest-rates/2216303/ Investors must understand their exposures when they set about to scour the landscape and exploit signs of market dysfunction. “It is recovering but
plastics: Plastic prices hit record high to stoke inflation concerns – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/plastic-prices-hit-record-high-to-stoke-inflation-concerns/articleshow/81581830.cmsSynopsis Even before the freeze, the industry was struggling to rebound from back-to-back hurricanes last year, meaning the supply shortfalls will have knock-on effects
The engine of financial inclusion needs the oil of financial literacy to move the economy forward: Kunal Shah – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/et-evoke/the-engine-of-financial-inclusion-needs-the-oil-of-financial-literacy-to-move-the-economy-forward-kunal-shah/articleshow/81593898.cms SynopsisWriting in ET Evoke, Kunal Shah discusses why it is essential for India’s national growth to empower every citizen with education about money:
Make it work: DFI is an idea whose time has returned. India urgently needs a big infra push
lipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/make-it-work-dfi-is-an-idea-whose-time-has-returned-india-urgently-needs-a-big-infra-push/TOI Edit Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of
Take steps to contain further deterioration in exports, imports: Parliamentary Panel – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/take-steps-to-contain-further-deterioration-in-exports-imports-parliamentary-panel/articleshow/81563031.cmsSynopsis A report by the department-related Parliamentary Standing Committee on Commerce said the committee is perturbed to note the “precipitous” decline in both exports
e-commerce: India’s e-commerce market to be worth $99 billion by 2024: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/indias-e-commerce-market-to-be-worth-99-billion-by-2024-report/articleshow/81583312.cmsSynopsis The report said that the rise of technology adoption among small and medium businesses is also expected to drive the growth for digitally
Why operating desktops in the cloud is the new buzzword for SMBs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/security-tech/technology/why-operating-desktops-in-the-cloud-is-the-new-buzzword-for-smbs/articleshow/81561838.cms Synopsis–Cloud-based desktops provide SMBs with the much-needed mobility to work from anywhere, anytime, and on any device in a highly secure environment. The
Initiatives taken in Budget will step-up growth momentum: RBI article – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/initiatives-taken-in-budget-will-step-up-growth-momentum-rbi-article/articleshow/81590913.cmsSynopsis “The Union Budget 2021-22 strikes the right chord by prioritising counter-cyclical investment-led fiscal support to post-COVID recovery in growth,” said the article on
MCA permits remuneration to independent directors in case of loss made by companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/mca-permits-remuneration-to-independent-directors-in-case-of-loss-made-by-companies/articleshow/81588634.cmsSynopsis Amending schedule V of the Act, the MCA also prescribed limits on such remuneration based on the effective capital of the firm, which
How to get free govt insurance for your bank FDs up to Rs 65 lakh – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/how-to-get-a-higher-insurance-cover-of-rs-65-lakh-on-your-bank-deposit-without-any-cost/articleshow/81551785.cmsSynopsis The best way to ensure the safety of your bank deposits is to make sure that you make deposits in different rights and
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