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Blog, News, GST & Customs

October 26, 2024

HC Allowed Assessee to Manually Resubmit Corrected GSTR-1 Due to Lack of Effective Rectification Mechanism

Case Details: Nivriya India (P.) … Continue reading “HC Allowed Assessee to Manually Resubmit Corrected GSTR-1 Due to Lack of Effective Rectification Mechanism”

News, Blog, GST & Customs

October 26, 2024

No Additional Interest on Refund of IGST Paid on Ocean Freight as ITC Had Already Been Availed and Utilized | HC

Case Details: South India Krishna … Continue reading “No Additional Interest on Refund of IGST Paid on Ocean Freight as ITC Had Already Been Availed and Utilized | HC”

Blog, News, Account & Audit

October 26, 2024

Accounting Treatment for Agent-Based Transactions in Sovereign Crude Oil Sales

When an entity sells and … Continue reading “Accounting Treatment for Agent-Based Transactions in Sovereign Crude Oil Sales”

Blog, News, Company Law

October 26, 2024

Government Appoints ‘Shri Rayasam Lakshmi Kanth Rao’ as Executive Director of RBI

Notification No. S.O. 4648(E); Dated: … Continue reading “Government Appoints ‘Shri Rayasam Lakshmi Kanth Rao’ as Executive Director of RBI”

Blog, News, GST & Customs

October 25, 2024

Order Enhancing Tax Liability of Assessee to Be Set Aside for Not Following Procedure Under Sec. 107(11) of CGST Act | HC

Case Details: Hriday Kumar Das … Continue reading “Order Enhancing Tax Liability of Assessee to Be Set Aside for Not Following Procedure Under Sec. 107(11) of CGST Act | HC”

Blog, News, GST & Customs

October 25, 2024

Matter Remanded as Assessee Was Unaware of SCN on GST Portal Due to Accountant’s Failure to Inform

Case Details: K.N.Raj Construction v. … Continue reading “Matter Remanded as Assessee Was Unaware of SCN on GST Portal Due to Accountant’s Failure to Inform”

Blog, News, Insolvency and Bankruptcy Code

October 25, 2024

FC’s CIRP Plea Was Admitted as Cheques Issued by CD for Repayment Were Returned with Endorsement ‘Stopped by Drawer’

Case Details: Apurva Jain v. … Continue reading “FC’s CIRP Plea Was Admitted as Cheques Issued by CD for Repayment Were Returned with Endorsement ‘Stopped by Drawer’”

News, Blog, Account & Audit

October 25, 2024

[Global Financial Insights] IFRS Releases Agenda Decisions Compilation—Volume 11

Global Financial Insights is a … Continue reading “[Global Financial Insights] IFRS Releases Agenda Decisions Compilation—Volume 11”

Blog, News, Company Law

October 25, 2024

Govt. Appoints ‘Shri Samir Ashwin Vakil’ as Director in Serious Fraud Investigation Office Under MCA w.e.f 22.08.2024

Notification No. S.O. 4629(E); Dated: … Continue reading “Govt. Appoints ‘Shri Samir Ashwin Vakil’ as Director in Serious Fraud Investigation Office Under MCA w.e.f 22.08.2024”

Blog, News, Company Law

October 25, 2024

[Opinion] Consequences of Failure to Meet Requirement of Minimum No. of Independent Directors on the Board

Prof R Balakrishnan – [2024] … Continue reading “[Opinion] Consequences of Failure to Meet Requirement of Minimum No. of Independent Directors on the Board”