CAclubindia Articles

Bogus Purchase and Input Tax Credit Notice

Posted by Chetan Chauhan 07 January 2023 8653 Views

A bogus purchase and input tax credit notice is a formal communication issued by a tax authority, such as the GST (Goods and Services Tax) department, to a taxp...

RBI amends Foreign Investment guidelines for reporting in SMF on FIRMS

Posted by CS Lalit Rajput 07 January 2023 4080 Views

The Reserve Bank of India (RBI)vide Notification no. RBI/2022-23/160 A.P. (DIR Series) Circular No. 22, dated04.01.2023has amended the guidelines for reporting ...

Conditions of revocation of declared dividend

Posted by FCS Deepak Pratap Singh 07 January 2023 15928 Views

As you are aware that "Dividend" is a return on investment made by shareholders in a Capital of a Company and it is different from return on borrowed Capital as interest. A dividend is share of profit to the shareholders of a company ,in which he/she /it has invested.

Proposed amendments in IBC in the year 2023

Posted by CS Peer mehboob 07 January 2023 12657 Views

The amendments vide Insolvency and Bankruptcy Code (Amendment) Bill 2022 to the Insolvency and Bankruptcy Code (IBC), which came into force in 2016 for timely resolution of stressed assets, are expected to be introduced in the Budget session of Parliament early next year.

FIRMS Portal: Recent changes and practical difficulties

Posted by CS Anupriya Saxena 07 January 2023 7830 Views

In the year 2018, the Reserve Bank of India changed the paradigm by shifting most of its filings to web-based forms which were earlier done in physical form/by submitting hard copies of the forms and supporting documents. These portals were FIRMS and FLAIR.

Guidance given by SEBI on creation of Suspense Escrow Demat Account

Posted by Affluence Advisory 07 January 2023 3020 Views

SEBI vide its circular dt: January 25, 2022 had directed listed entities to process all service requests in Demat form.

Amendments and Insertion in Registration provisions under GST and how it will streamline registration process

Posted by Bhavik Sindhvad 07 January 2023 3189 Views

There has been proposed to insert and also amend certain provisions in rule 8 & 9 of CGST Rules regarding registration process under GST.

Important changes in GST pursuant to 48th GST Council Meeting

Posted by Swapnil Munot 06 January 2023 9352 Views

48th GST Council meeting was held on 17th Dec 2022 via virtual modes, in which some changes were made in GST Law

Income Tax Notice

Posted by Aisha 06 January 2023 11204 Views

An income tax notice is a formal communication from the Income Tax Department stating that there is an issue with your tax return or tax payments.

Change in Single Master Form (SMF) on FIRMS Portal

Posted by Affluence Advisory 06 January 2023 4875 Views

Reserve Bank of India ('RBI') vide its Circular dated January 4, 2023, has streamlined the process of filing for reporting of Foreign Investment in India in Single Master Form (SMF) on FIRMS Portal.