Month: July 2023
‘Rapid adoption of Account Aggregator network signals new era in financial inclusion, especially for MSMEs’ | The Financial Express
https://www.financialexpress.com/industry/sme/msme-eodb-rapid-adoption-of-account-aggregator-network-signals-new-era-in-financial-inclusion-especially-for-msmes/3140625/ lipped from: https://www.financialexpress.com/industry/sme/msme-eodb-rapid-adoption-of-account-aggregator-network-signals-new-era-in-financial-inclusion-especially-for-msmes/3140625/ Ease of doing business for MSMEs: While there is rapid growth with the AA network, the key challenge here especially for the
Satin Creditcare aims at Rs 1,000-crore MSME book
https://www.financialexpress.com/industry/sme/satin-creditcare-aims-at-rs-1000-crore-msme-book/3159601/ Clipped from: https://www.financialexpress.com/industry/sme/satin-creditcare-aims-at-rs-1000-crore-msme-book/3159601/ Satin Creditcare had a consolidated assets under management of Rs 9,115 crore as on March 31 and expects to grow its overall
Financial regulators should prepare against cyber attacks – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/financial-regulators-should-prepare-against-cyber-attacks/article67050321.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/financial-regulators-should-prepare-against-cyber-attacks/article67050321.ece SEBI’s move to review rules on cyber surveillance is welcome With stock trading, communications, data storage and all auxiliary processes moving to
Universal e-invoice an ideal situation but difficult to set a timeframe, says CBIC Chief Vivek Johri – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/universal-e-invoice-an-ideal-situation-but-difficult-to-set-a-timeframe-says-cbic-chief-vivek-johri/article67049772.ece Clipped from: https://www.thehindubusinessline.com/economy/universal-e-invoice-an-ideal-situation-but-difficult-to-set-a-timeframe-says-cbic-chief-vivek-johri/article67049772.ece In an interview with businessline, Vivk Johri, Chairman of CBIC, says rate rationalisation exercise is “challenging” especially when collection is good Vivk
Harness the export potential of horticultural sector – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/harness-the-export-potential-of-horticultural-sector/article67050181.ece Clipped from: https://www.thehindubusinessline.com/opinion/harness-the-export-potential-of-horticultural-sector/article67050181.ece Improving agri-infrastructure, focusing on food processing, promoting co-operatives and complying with international standards are some of the ways to move ahead According
FM asks bank chiefs to step up rural credit flow, focus on small and marginal farmers – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/fm-asks-bank-chiefs-to-step-up-rural-credit-flow-focus-on-small-and-marginal-farmers/article67050101.ece Clipped from: https://www.thehindubusinessline.com/economy/fm-asks-bank-chiefs-to-step-up-rural-credit-flow-focus-on-small-and-marginal-farmers/article67050101.ece Also advises banks to meet the credit needs of street vendors; banks must also meet sub-categories targets of priority sector lending, says
TCS ‘Bribes-for-Jobs’ scandal: TCS writes to board members about details on recruitment scam allegations
https://www.business-standard.com/companies/news/tcs-writes-to-board-members-about-details-on-recruitment-scam-allegations-123062800262_1.html Clipped from: https://www.business-standard.com/companies/news/tcs-writes-to-board-members-about-details-on-recruitment-scam-allegations-123062800262_1.html TCS is consulting with external auditors to investigate the situation, said a person aware of the development Photo: PTI Listen to This
RBI circular on network choice seen helping RuPay grow credit card base – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/rbi-circular-on-network-choice-seen-helping-rupay-grow-credit-card-base/article67050215.ece lipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-circular-on-network-choice-seen-helping-rupay-grow-credit-card-base/article67050215.ece RBI, on Wednesday, asked card issuers not to enter into bi-lateral arrangements with card networks and issue cards across more than one
Tighter GST returns filing likely if there is tax credit mismatch
https://www.business-standard.com/economy/news/tax-credit-mismatch-gst-council-may-tighten-tax-return-filing-system-123070600963_1.html Clipped from: https://www.business-standard.com/economy/news/tax-credit-mismatch-gst-council-may-tighten-tax-return-filing-system-123070600963_1.html Cases to be scrutinised if tax credit mismatch is over 20% Experts are of the view that the proposed move could increase
👍👍👍👍👍Assessment Order cannot be directed against Only One of Deceased Assessee’s Legal Heirs
https://taxguru.in/income-tax/assessment-order-directed-only-deceased-assessees-legal-heirs.html Clipped from: https://taxguru.in/income-tax/assessment-order-directed-only-deceased-assessees-legal-heirs.html Darpan Kohli & Ors Vs ACIT (Delhi High Court) Introduction: In a case concerning the taxation of a deceased individual, the Delhi High
👍👍👍👍👍👍👍HC Excludes 01.03.2020 – 28.02.2022 from GST Refund Limitation Period
https://taxguru.in/goods-and-service-tax/hc-excludes-01-03-2020-28-02-2022-gst-refund-limitation-period.html Clipped from: https://taxguru.in/goods-and-service-tax/hc-excludes-01-03-2020-28-02-2022-gst-refund-limitation-period.html Overseas Vs Union Of India And Ors (Delhi High Court) Introduction: The Delhi High Court has provided significant relief to petitioners seeking refunds
Delay in filing of appeal condoned in absence of any deliberate/ intentional/ gross negligence
https://taxguru.in/income-tax/delay-filing-appeal-condoned-absence-deliberate-intentional-gross-negligence.html Clipped from: https://taxguru.in/income-tax/delay-filing-appeal-condoned-absence-deliberate-intentional-gross-negligence.html Nimesh Kanubhai Topiwala Vs DCIT (ITAT Surat) ITAT Surat held that the delay in filing appeal before ld CIT(A)/ NFAC is not
AAR cannot give ruling on question already decided by jurisdictional authority
https://taxguru.in/goods-and-service-tax/aar-ruling-question-decided-jurisdictional-authority.html Clipped from: https://taxguru.in/goods-and-service-tax/aar-ruling-question-decided-jurisdictional-authority.html In re Murshidabad Flour Mill Private Limited (GST AAR West Bengal) AAR held that Since the question raised had already been decided
Absence of Email Access is Valid Ground for Condonation of Delay
https://taxguru.in/income-tax/absence-email-access-valid-grounds-condonation-delay.html Clipped from: https://taxguru.in/income-tax/absence-email-access-valid-grounds-condonation-delay.html Mohammad Saleem Vs ITO (ITAT Delhi) The case of Mohammad Saleem v. ITO, Ward 63(3), New Delhi 110002 [ITA No.28/Del/2023], presided over by ITAT,
TCS partners Microsoft for generative AI solutions – The Hindu BusinessLine
https://www.thehindubusinessline.com/info-tech/tcs-partners-microsoft-for-generative-ai-solutions/article67048261.ece Clipped from: https://www.thehindubusinessline.com/info-tech/tcs-partners-microsoft-for-generative-ai-solutions/article67048261.ece TCS and Microsoft have announced plans to help customers jumpstart their generative AI journey Tata Consultancy Services has deepened its partnership with Microsoft by announcing
GST Council Meeting: GST Council to discuss scope of budgetary support for units in hilly states
https://www.business-standard.com/economy/news/gst-council-to-discuss-scope-of-budgetary-support-for-units-in-hilly-states-123070500875_1.html Clipped from: https://www.business-standard.com/economy/news/gst-council-to-discuss-scope-of-budgetary-support-for-units-in-hilly-states-123070500875_1.html The 50th GST Council meeting is scheduled to take place on July 11 in New Delhi Listen to This Article The Goods
Engineering goods exporters want FTAs with Latin America, Africa to expand market – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/engineering-goods-exporters-want-ftas-with-latin-america-africa-to-expand-market/article67048613.ece Clipped from: https://www.thehindubusinessline.com/economy/engineering-goods-exporters-want-ftas-with-latin-america-africa-to-expand-market/article67048613.ece In a strategy paper for boosting exports, propose more support for MSMEs, help in global branding, launch of domestic shipping line Engineering
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