Decoding the changes in the conditions for claiming InputTax Credit (Effective from 1st Oct 2022)
Input Tax Credit means claiming the credit of the GST paid on purchase of Goods and Services which are used […]
GST
GST
GST Department Audit – FAQs
As all my professional colleagues are aware, GST certification in Form GSTR 9C by a Chartered Accountant was scrapped from
Income Tax
PENALTIESAND PROSECUTIONUNDER INCOME TAX ACT, 1961
Article 265 of the Constitution states that no tax shall be levied or collected except by authority of law. While
FEMA
CONTRAVENTION, PENALTY AND PROSECUTION UNDER FEMA
The current issue of the CVO CA’s News & Views covering the subject of Contraventions, Offences, Penalties and Prosecution is
Company Law
PENALTIES, FINES, OFFENCE, CONTRAVENTION UNDER COMPANIES ACT 2013
Introduction Non Compliance of the provisions of any Act would attract its penal provisions. These penal provisions in the new Act are more stringent. The penal provisions in this Act may be classified into three categories as detailed below: Officer who is in default Section 2(60) of the Act defines the term defines the terms ‘officer who is in default any provision in this Act which enacts that an officer of the company who is in default any penalty or
GST
OFFENCES, PENALTIES & PROSECUTIONS UNDER GST ACT
News stories these days are flush with arrests made by the GST Department for different types of fake invoicing and input tax credit related frauds committed
Auditing & Ethics
Challenges and precautions while preparing the financial statements for a Company under statutory audit
Financial Statements (FS) provide a snapshot of a Company’s financial health, performance, insights on the operations and cash flow that
Income Tax
REPORTING REQUIREMENT UNDER TAX AUDIT (CLAUSE 30 TO CLAUSE 44)
INTRODUCTION The reporting requirement under tax audit can be traced back to 1985, which is as old as more than
Income Tax
Challenges and Precautions in Tax Audit Report
Introduction The month full of tax audit reports and dealing with the challenges thereon! Many of the assesses receive intimations
Company Law
Challenges and Precaution in Preparation of Statutory Audit report while dealing with Loans/Borrowings under Companies Act 2013 and under Caro 2020
The audit of liabilities is primarily directed at ensuring that all known liabilities have been properly accounted for since material