CBIC issued a notification to extend the time limit for completion of major compliances of previous financial year 21-22 under GST Act till 30th November 2022 or furnishing of the relevant annual return (GSTR-9), whichever is earlier.
EPCG Scheme was launched in the 1990s to facilitate the import of capital goods with the aim to enhance the production quality of goods and services, thereby, increasing India's international manufacturing competitiveness.
"Casual taxable person" means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in a State or a Union territory where he has no fixed place of business.
The Heart Of Audit - Professional Skepticism simply means having a questioning mind. It means being aware and alert of anything and everything, that may indicate possible misstatement due to error or fraud.
The RBI being the Nodal bank and the central bank has come with a circular Dated 11-7-2022 to settle the export proceeds in INR for goods /supplies done in resp...
Section 11 of the EPF Act, 1952 clearly provides any sum due to the employees of the organisation towards PF, Insurance Fund are to be paid in priority to all other debts in the distribution of the property of the insolvent or the assets of the company being wound up, as the case may be.
Finally, the ticking of the clock has stopped sending panic signals to your brain. Finally, you can rest your head on a pillow with no worry to wake up on time. Finally, you can breathe and feel human after churning like a machine for 16 days.
This judgment is full of relief for many BPO's and Service providers exporting services in manner that three parties get involved.
We expect the Indian UPI QR-code-based mechanism to evolve as a key to the decentralization of payment platforms in the international market. It will be interesting to see the digital transformation with the adoption of UPI on a global scale in some form.
Mutual fund refer to investment that is made by a group of investor and managed by an investment manager to make the investment on their behalf in various securities and bonds, and the benefit or profit is divided proportionately among the investor in respect of the money invested by each of them.
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