Clipped from: https://taxguru.in/company-law/audit-trail-mca.html Audit trail :- It is an detailed chronological record where accounting ,financial data and other details are tracked and traced .It tracks all kinds
Month: April 2023
GST, Security services by LLP to any registered person are not covered under RCM: AAR
Clipped from: https://www.taxscan.in/gst-security-services-by-llp-to-any-registered-person-are-not-covered-under-rcm-aar/265746/ In a significant ruling, the Haryana Authority for Advance Rulings ( AAR ) ruled security services by Limited Liability Partnership ( LLP ) to any registered person
GST Dept Issues Notice on 8000 old VAT Assessees [ Punjab and Haryana ]
Clipped from: https://www.taxscan.in/gst-dept-issues-notice-on-8000-old-vat-assessees/265874/ According to several industrialists’ advocates, the State GST Department sent notifications on roughly 8,000 assessees in the state as part of its assessment
👍👍👍Boiled Supari” cannot be classified under “Miscellaneous Edible Preparations” under Customs Tariff Act: Delhi HC confirms CAAR order
Clipped from: https://www.taxscan.in/boiled-supari-cannot-be-classified-under-miscellaneous-edible-preparations-under-customs-tariff-act-delhi-hc-confirms-caar-order/266427/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Boiled%20Supari%E2%80%9D%20cannot%20be%20classified%20under%20%E2%80%9CMiscellaneous%20Edible%20Preparations The Delhi High Court confirmed the Customs Authority for Advance Rulings, New Delhi (‘CAAR’) and observed that the Boiled Supari” cannot be classified under
Revised returns or CA Certificate, relevant to decide whether typographical error crept in VATreturns: Delhi HC sets aside decision of Arbitral Tribunal
Clipped from: https://www.taxscan.in/revised-returns-or-ca-certificate-relevant-to-decide-whether-typographical-error-crept-in-vat-returns-delhi-hc-sets-aside-decision-of-arbitral-tribunal/266607/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Revised%20returns%20or%20CA%20Certificate,%20relevant%20to%20decide%20whether%20typographical%20error%20crept%20in%20VATreturns:%20Delhi%20HC%20sets%20aside%20decision%20of%20Arbitral%20Tribun The Delhi High Court set aside the Decision of the Arbitral Tribunal and ruled that the Revised returns or Chartered Accountant (CA) Certificate is relevant
👍👍👍Predictable, but stable | The Financial Express
lipped from: https://www.financialexpress.com/opinion/predictable-but-stable/3029227/ Foreign trade policy has done just what the doctor ordered by shunning fiscal incentives, The preconditions for infrastructure investments are market-determined utility tariffs,
Govt keen to make IBC more robust, says FM Nirmala Sitharaman | The Financial Express
Clipped from: https://www.financialexpress.com/industry/govt-keen-to-make-ibc-more-robust-says-fm-nirmala-sitharaman/3029992/ Finance minister Nirmala Sitharaman on Saturday said the Centre has no hesitation in amending the Insolvency and Bankruptcy Code (IBC) to make it
2023 will be an exciting year for investors: Amit Shah | The Financial Express
Clipped from: https://www.financialexpress.com/business/investing-abroad-2023-will-be-an-exciting-year-for-investors-amit-shah-3029821/?ref=Must_Read Markets don’t react when the actual action happens, but the reaction is seen well in advance based on anticipating the cut. Investors must
👍Personal details of 67 crore people allegedly sold; Cyberabad police arrest man from Haryana for data theft – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/personal-details-of-67-crore-people-allegedly-sold-cyberabad-police-arrest-man-from-haryana-for-data-theft/article66688680.ece?cx_testId=22&cx_testVariant=cx_1&cx_artPos=0&cx_experienceId=EX8OXMB4HBZD#cxrecs_s Uttar Pradesh tops the list with the exposure of data of 21.39 crore people, followed by Maharashtra with the data of 4.50 crore
NCLAT order in Android matter will resonate globally on abuse of dominance theme: Additional Solicitor General – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/nclat-order-in-android-matter-will-resonate-globally-on-abuse-of-dominance-theme-additional-solicitor-general/article66691059.ece Ruling on Google’s appeal against the CCI’s order in Oct 2022, the NCLAT upheld the ₹1,338 cr penalty on the Internet major for
Disallowance of expenditure on mere presumption & assumption is unsustainable
Clipped from: https://taxguru.in/income-tax/disallowance-expenditure-mere-presumption-assumption-unsustainable.html DCIT Vs Curosis Healthcare Private Limited (ITAT Jaipur) ITAT Jaipur held that revenue has simply disallowed the expenditure in view of CBDT Circular
Section 143(2) notice is to be issued by AO who completes assessment before due date
Clipped from: https://taxguru.in/income-tax/section-1432-notice-issued-ao-completes-assessment-due-date.html Divya Raghavan Vijayan Vs ACIT (ITAT Mumbai) even though in the order sheet it is written by the ACIT Circle-3 Kalyan that he
👍👍👍SCN cannot be issued on the basis of mere Suspicion
Clipped from: https://taxguru.in/custom-duty/scn-issued-basis-suspicion.html Shree Rishabhdev Marble and Minerals Private Limited Vs Commissioner of Customs (Preventive) (CESTAT Delhi) CESTAT find that the present proceedings before this Court
👍👍👍Appeal cannot be dismissed for delay in filing appeal against an Order not served
Clipped from: https://taxguru.in/custom-duty/appeal-dismissed-delay-filing-order-served.html Anish India Export Vs Commissioner of Customs – Mumbai (Air Cargo Export) (CESTAT Mumbai) CESTAT find that the learned Commissioner (Appeals) has reproduced
👍👍👍👍👍👍👍One Person Company (OPC) in India
Clipped from: https://taxguru.in/company-law/person-company-opc-india.html Before the enforcement of the Companies Act 2013 a single person could not establish a company. But the Companies Act 2013, introduced a
GST payable on supply of Doctors to Hospital: AAR Haryana
Clipped from: https://taxguru.in/goods-and-service-tax/gst-payable-supply-doctors-hospital-aar-haryana.html In re ARPK Healthcare Private Limited (GST AAR Haryana) 1. A patient comes to the M/s Asian Hospital for treatment of some gastroenterological disease.
Placing reliance on statements unjustified as no opportunity for cross-examination granted
Clipped from: https://taxguru.in/excise-duty/placing-reliance-statements-unjustified-opportunity-cross-examination-granted.html Messrs Growmore Ceramics Pvt. Ltd. Vs C.C.E. & S.T. (CESTAT Ahmedabad) CESTAT Ahmedabad held that placing reliance on the statements unjustified as no
aniltikotekar4sme.com 