https://www.business-standard.com/economy/news/export-share-of-manufacturing-companies-sales-nears-a-record-low-124091701365_1.html Clipped from: https://www.business-standard.com/economy/news/export-share-of-manufacturing-companies-sales-nears-a-record-low-124091701365_1.html Drop across listed and unlisted companies Illustration: Binay Sinha Listen to This Article The share of exports in the sales of manufacturing
Post-Covid: Households shift to equities amid attractive returns
https://www.business-standard.com/markets/news/post-covid-households-shift-to-equities-amid-attractive-returns-124091701270_1.html Clipped from: https://www.business-standard.com/markets/news/post-covid-households-shift-to-equities-amid-attractive-returns-124091701270_1.html This trend is being amplified by strong returns in the equity markets in recent years, said Kotak Institutional Equities in a report
NFRA issues revised audit standards to address deficient quality | Finance News – Business Standard
https://www.business-standard.com/finance/news/nfra-issues-revised-audit-standards-for-public-input-to-align-with-isa-600-124091700992_1.html Clipped from: https://www.business-standard.com/finance/news/nfra-issues-revised-audit-standards-for-public-input-to-align-with-isa-600-124091700992_1.html Brings out revised SA 600 for public consultations The Reserve Bank of India (RBI) and Securities and Exchange Board of India (Sebi)
NBFCs throng bond mkt to fund festival credit demand as bank funding slows | Finance News – Business Standard
https://www.business-standard.com/finance/news/nbfcs-rush-to-bond-market-to-raise-fund-to-meet-festive-demand-124091701245_1.html Clipped from: https://www.business-standard.com/finance/news/nbfcs-rush-to-bond-market-to-raise-fund-to-meet-festive-demand-124091701245_1.html Raise nearly Rs 74K cr since Aug via debt offers as bank lending slows Illustration: Ajay Mohanty Listen to This Article A
Tata Motors taps used car market to boost electric vehicle resale, exchange | Company News – Business Standard
https://www.business-standard.com/companies/news/tata-motors-working-on-boosting-resale-exchange-value-of-electric-vehicles-124091700783_1.html Clipped from: https://www.business-standard.com/companies/news/tata-motors-working-on-boosting-resale-exchange-value-of-electric-vehicles-124091700783_1.html The company has the largest car park in EVs in India, estimated to be around 170,000 units. As a pilot, the company
👌Madras HC sets aside Income Tax Assessment Order passed hastily Due to Deadline
Clipped from: https://www.taxscan.in/madras-high-court-sets-aside-income-tax-assessment-order-passed-hastily-without-considering-taxpayers-submission-amidst-approaching-deadline/436759/ In a recent ruling, the Madras High Court set aside the Income Tax assessment order which was passed hastily without considering the taxpayer’s
👌Single Consolidated GST SCN u/s 73 cannot be issued for Multiple Assessment Years: Karnataka HC
Clipped from: https://www.taxscan.in/single-consolidated-gst-scn-u-s-73-cannot-be-issued-for-multiple-assessment-years-karnataka-hc/436871/ The Karnataka High Court has declared that issuing a single consolidated Show Cause Notice ( SCN ) under Section 73 of the Goods
👌👌👌👌👌GST Council recommends Rectification Process for ITC Orders u/s 73, 74, 107, and 108; Circular to Address ITC Issues
Clipped from: https://www.taxscan.in/gst-council-recommends-rectification-process-for-itc-orders-u-s-73-74-107-and-108-circular-to-address-itc-issues/436764/ Wrong availment of Income Tax Credit lead to the decision by 54th GST Council Meeting By Arjun A P – On September 14, 2024 10:12 am –
👌👌👌Extended Demand Period unsustainable Without Tax Evasion Intent
https://taxguru.in/excise-duty/extended-demand-period-unsustainable-tax-evasion-intent.html lipped from: https://taxguru.in/excise-duty/extended-demand-period-unsustainable-tax-evasion-intent.html Kanoria Energy & Infrastructure Ltd. Vs Commissioner, CGST & Central Excise (CESTAT Delhi) Summary: In the case of Kanoria Energy & Infrastructure Ltd.
👌👌👌Proceedings u/s. 130 of GST Act cannot be initiated for excess stock found during survey: Allahabad HC
https://taxguru.in/goods-and-service-tax/proceedings-u-s-130-gst-act-initiated-excess-stock-survey-allahabad-hc.html lipped from: https://taxguru.in/goods-and-service-tax/proceedings-u-s-130-gst-act-initiated-excess-stock-survey-allahabad-hc.html Vk Electricals Vs Additional Commissioner Grade-2 Appeal-Ii And Another (Allahabad High Court) Allahabad High Court held that in case of excess stock
👌👌👌👌👌RCM Liability/ITC Statement introduced on GST Portal
https://taxguru.in/goods-and-service-tax/rcm-liability-itc-statement-introduced-gst-portal.html Clipped from: https://taxguru.in/goods-and-service-tax/rcm-liability-itc-statement-introduced-gst-portal.html Summary: In August 2024, the GST Portal introduced a new RCM Liability/ITC Statement to help taxpayers manage their reverse charge mechanism (RCM) liabilities
👌👌👌The Rajasthan High Court has recently held that an assessee’s admission cannot be treated as conclusive evidence for income tax additions in the absence of corroborating material.
lipped from: https://www.taxscan.in/assessees-admission-not-a-valid-ground-for-income-tax-addition-rajasthan-hc/437752/ The Rajasthan High Court has recently held that an assessee’s admission cannot be treated as conclusive evidence for income tax additions in the
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