This article examines the key aspects of the case, analyzes the legal principles involved, and explores the implications for taxpayers navigating the GST refund process.
Few days ago, I appealed ICAI to raise professional misconduct fund, even posted at my LinkedIn handle regarding ICAI to bring some insurance scheme to cover risks of CA from paneities and fines up to 50 lac to 1 crore with a nominal premium every year
According to the updated rules, FPOs can be registered under the Companies Act 2013 or the State Cooperative Societies Act, with management responsibilities required for five years of hand-holding. All the new guidelines and formation of FPO (Farmer Producer Organization) are summarized in this article.
LLP (Third Amendment) Rules, 2023 bring in its purview Maintenance of Register of Partners & applicability of SBO provisions
SPECIAL PROCEDURE TO BE FOLLOWED BY MANUFACTURING OF FOLLOWING GOODS
Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. ...
In a significant move to combat frauds in the Goods and Services Tax system and enhance compliance, the GST formations under the Central Board of Indirect Taxes and Customs (CBIC) and State/UT Governments have executed a relentless drive against non-existent taxpayers since May 2023.
Here are some potential trends that could shape the future of the chartered accountant profession:
BackgroundIn GST regime, the dept has been issuing notices, making tax demands on discounts and incentives given to the suppliers, especially in context of deal...
Goods and Services Tax (GST) is a comprehensive indirect tax that has been implemented in India to replace various indirect taxes like excise duty, service tax, VAT, etc.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English