GST revenue collection for October 2023 is second highest ever, next only to April 2023, at ₹1.72 lakh crore; records increase of 13% Y-o-Y
Colgate Palmolive (India) Faces Rs 170 Crore Transfer Pricing Order from Income Tax Authorities for International Transactions
The Gujarat High Court has made a significant ruling, categorizing CA firms as professional establishments rather than commercial entities, leading to the ineligibility of their employees for the ESI benefit scheme.
In a bid to curb tax evasion, the Income Tax Department is set to take strict action against high-net-worth individuals (HNIs) who underreport their incomes, despite recent tax rate reductions.
The Central Board of Indirect Taxes and Customs (CBIC) issued Circular No. 206/18/2023-GST on October 31, 2023, providing clarifications on the applicability of GST to certain services.
Let's have a look at some of the developments in the profession since our last communication
In a recent development, the Bombay High Court has expressed strong disapproval of the functioning of income tax (IT) assessing officers and their handling of delayed assessment orders.
The MCA notified the Companies (Management and Administration) Second Amendment Rules, 2023 on October 27, 2023. These rules are aimed at increasing transparency and accountability in companies, and to improve the corporate governance framework.
MCA notified the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023 on October 27, 2023. These rules are aimed at increasing transparency and efficiency in the securities market, and to reduce the risk of fraud.
MCA issued a Notification vide G.S.R. 803(E) dated October 27, 2023, amending the Limited Liability Partnership Rules, 2009, under the authority of the Limited Liability Partnership Act, 2008 (6 of 2009).
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