Editorial. If banks are into window dressing, RBI should act: https://www.thehindubusinessline.com/opinion/editorial/editorial-if-banks-are-into-window-dressing-rbi-should-act/article66908447.ece
Day: May 29, 2023
RBI flags governance gaps, attempts to conceal stressed assets
RBI flags governance gaps, attempts to conceal stressed assets : https://www.thehindubusinessline.com/money-and-banking/rbi-flags-governance-gaps-instances-of-stressed-assets-misreporting/article66907187.ece
Solar capacity installations down by 48% during Jan-Mar: Marcom report
https://www.business-standard.com/industry/news/solar-capacity-installations-down-by-48-during-jan-mar-marcom-report-123052900638_1.html Clipped from: https://www.business-standard.com/industry/news/solar-capacity-installations-down-by-48-during-jan-mar-marcom-report-123052900638_1.html Declining installation and project delays impact India’s solar industry growth, according to the ‘Q1 2023 India Solar Market Update’ report by Mercom
👍👍👍👍👍👍👍18% GST Payable on Open car parking sale
https://taxguru.in/goods-and-service-tax/18-gst-payable-open-car-parking-sale.html Clipped from: https://taxguru.in/goods-and-service-tax/18-gst-payable-open-car-parking-sale.html In re Eden Real Estates Private Limited (AAAR GST West Bengal) Whether the services provided by the applicant for right to use
👍👍👍👍👍👍👍How to file ITR 4 for small businessman and professionals in online mode
https://taxguru.in/income-tax/file-itr-4-small-businessman-professionals-online-mode.html Clipped from: https://taxguru.in/income-tax/file-itr-4-small-businessman-professionals-online-mode.html Tax compliance can often be a complex and time-consuming process, especially for small businesses and professionals. However, the Indian government has introduced
👍👍👍👍👍👍👍Understanding Reverse Charge Mechanism (RCM) Under GST
https://taxguru.in/goods-and-service-tax/understanding-reverse-charge-mechanism-rcm-gst.html Clipped from: https://taxguru.in/goods-and-service-tax/understanding-reverse-charge-mechanism-rcm-gst.html Introduction The implementation of the Goods and Services Tax (GST) in India brought significant changes to the taxation system, including the introduction
CENVAT Credit on invoice issued by unregistered dealer allowed as receipt of goods not disputed
https://taxguru.in/excise-duty/cenvat-credit-invoice-issued-unregistered-dealer-allowed-receipt-goods-disputed.html Clipped from: https://taxguru.in/excise-duty/cenvat-credit-invoice-issued-unregistered-dealer-allowed-receipt-goods-disputed.html Marco Blowers (India) Pvt Ltd Vs Assistant Commissioner, Central Excise (CESTAT Kolkata) CESTAT Kolkata held that it was not correct to disallow
Addition of loan Amount as Outstanding Balance without Proper Evidence and Documents: ITAT directs AO to Re-adjudicate
Clipped from: https://www.taxscan.in/addition-of-loan-amount-as-outstanding-balance-without-proper-evidence-and-documents-itat-directs-ao-to-re-adjudicate-read-order/281886/ The New Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has directed the Assessing Officer to re-adjudicate the case regarding the addition of a loan amount
RBI governor warns bank boards against overaggressive growth, evergreening
https://www.business-standard.com/finance/news/rbi-governor-warns-bank-boards-against-overaggressive-growth-evergreening-123052900344_1.html Clipped from: https://www.business-standard.com/finance/news/rbi-governor-warns-bank-boards-against-overaggressive-growth-evergreening-123052900344_1.html Gaps in governance of certain banks has potential to cause some degree of volatility, he says Listen to This Article Reserve Bank
Sameness of interest v joint complaint–well explained by National Commission –Courtesy Business Standard
Sameness of interest v Joint complaint–difference well explained
ONDC set to launch an Academy to train network partners
https://www.thehindubusinessline.com/economy/ondc-set-to-launch-an-academy-to-train-network-partners/article66881271.ece Clipped from: https://www.thehindubusinessline.com/economy/ondc-set-to-launch-an-academy-to-train-network-partners/article66881271.ece The course modules are being designed by the internal team, which is who are currently handholding network participants to get onboard ONDC
Health insurance segment to cross Rs 1-trn mark in FY24 | The Financial Express
https://www.financialexpress.com/money/insurance/health-insurance-segment-to-cross-rs-1-trn-mark-in-fy24/3068026/ Clipped from: https://www.financialexpress.com/money/insurance/health-insurance-segment-to-cross-rs-1-trn-mark-in-fy24/3068026/ The health insurance segment is on track to cross the Rs 1-trillion mark during the current financial year as the total premium
5% GST Applicable on Food supply to Hospitals w.e.f. 2018 on Outsourcing basis, subject to ITC on Goods and Services not taken: AAR
Read More: https://www.taxscan.in/5-gst-applicable-on-food-supply-to-hospitals-w-e-f-2018-on-outsourcing-basis-subject-to-itc-on-goods-and-services-not-taken-aar/281175/ Clipped from: https://www.taxscan.in/5-gst-applicable-on-food-supply-to-hospitals-w-e-f-2018-on-outsourcing-basis-subject-to-itc-on-goods-and-services-not-taken-aar/281175/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=5%%20GST%20Applicable%20on%20Food%20supply%20to%20Hospitals%20w.e.f.%202018%20on%20Outsourcing%20basis,%20subject%20to%20ITC%20on%20Goods%20and%20Services%20not%20taken:%20AAR The Telangana Bench of Authority for Advance Ruling (AAR) has ruled that 5% Goods and Services Tax (GST) is applicable on the food
5% GST applicable on Job Work of Manufacturing Chocolates: AAR
Clipped from: https://www.taxscan.in/5-gst-applicable-on-job-work-of-manufacturing-chocolates-aar/281420/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=5%%20GST%20applicable%20on%20Job%20Work%20of%20Manufacturing%20Chocolates:%20AAR By Aparna. M – On May 25, 2023 8:30 pm – 2 mins read Telangana Authority for Advance Ruling ruled that five per cent Goods and Service
Violation of principles of natural justice – ITAT restores matter back to AO
https://taxguru.in/income-tax/violation-principles-natural-justice-itat-restores-matter-back-ao.html Clipped from: https://taxguru.in/income-tax/violation-principles-natural-justice-itat-restores-matter-back-ao.html Bashir Ahmad Sofi Nowhatta Vs ITO (ITAT Amritsar) Admittedly, the lower authorities have passed orders ex parte qua the assessee in violation of principles
Income earned by NRI outside India exempted even if paid into NRE Account in India: ITAT
Clipped from: https://www.taxscan.in/income-earned-by-nri-outside-india-exempted-even-if-paid-into-nre-account-in-india-itat/281670/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Income%20earned%20by%20NRI%20outside%20India%20exempted%20even%20if%20paid%20into%20NRE%20Account%20in%20India:%20ITAT The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the income earned by a Non-Resident Indian outside India is exempted from tax even
👍👍👍👍👍👍👍CBIC issues Standard Operating Procedure for Scrutiny of GST Returns for FY 2019-20 Onwards
Read More: https://www.taxscan.in/cbic-issues-standard-operating-procedure-for-scrutiny-of-gst-returns-for-fy-2019-20-onwards/281936/ Clipped from: https://www.taxscan.in/cbic-issues-standard-operating-procedure-for-scrutiny-of-gst-returns-for-fy-2019-20-onwards/281936/ The Central Board of Indirect Taxes and Customs (CBIC) has issued the standard operating procedure or SOP for the scrutiny of
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