News

Blog, GST & Customs, News

June 20, 2022

Draft Circular & Notification for Jewellery Export via e-Commerce in Courier Mode

The CBIC has issued notice … Continue reading “Draft Circular & Notification for Jewellery Export via e-Commerce in Courier Mode”

Blog, GST & Customs, News

June 14, 2022

Designing & developing patterns on behalf of OEMs is intermediary service: AAR

Case Details: Authority for Advance … Continue reading “Designing & developing patterns on behalf of OEMs is intermediary service: AAR”

Blog, Insolvency and Bankruptcy Code, News

June 14, 2022

CIRP plea filed against a NBFC was to be rejected

Case Details: Bank of India … Continue reading “CIRP plea filed against a NBFC was to be rejected”

Blog, Income Tax, News

June 14, 2022

CBDT notifies new units under Faceless Assessment

Notification F.No. 187/4/2021-ITA-I, dated 10-06-2022 … Continue reading “CBDT notifies new units under Faceless Assessment”

Blog, Income Tax, News

June 14, 2022

AO has power to levy penalty in a remanded back case: HC

Case Details: Mallelil Industries (P.) … Continue reading “AO has power to levy penalty in a remanded back case: HC”

Blog, GST & Customs, News

June 13, 2022

Karnataka GST dept. introduced new module to revoke cancelled GSTIN beyond 90 days: Circular

Circular GST No. 01/2022-23 dated … Continue reading “Karnataka GST dept. introduced new module to revoke cancelled GSTIN beyond 90 days: Circular”

Blog, GST & Customs, News

June 13, 2022

No GST exemption on providing package comprising of accommodation, food & different types of health therapy: AAAR

Case Details: Appellate Authority for … Continue reading “No GST exemption on providing package comprising of accommodation, food & different types of health therapy: AAAR”

Blog, Income Tax, News

June 13, 2022

CBDT revises procedures laid down for sharing info. with tax deductors/collectors

Notification no. 1 of 2022, … Continue reading “CBDT revises procedures laid down for sharing info. with tax deductors/collectors”

Blog, Income Tax, News

June 13, 2022

Provisions of sec. 40A(3) not applicable if assessee made cash payment for purchase of stock-in-trade: ITAT

Case Details: Vikrant Happy Homes … Continue reading “Provisions of sec. 40A(3) not applicable if assessee made cash payment for purchase of stock-in-trade: ITAT”

Account & Audit, Blog, News

June 13, 2022

An Overview of Internal Financial Controls over Financial Reporting

Introduction The auditor has to … Continue reading “An Overview of Internal Financial Controls over Financial Reporting”