GST Audit by GST department Timeline as Section 65 What does the GST Department’s audit entail? According to Section 2(13) of the Central Goods and Services Tax Act, 2017, a “audit” is defined as the review of records, returns, and other required documentation as specified in the Central Goods and Services Tax Act, 2017. if …
How to be prepared Resolution Plan under Insolvency Law A Model Resolution Plan. The plan is not a legislative or regulatory document and was created based on research into other approved resolution plans. The plan is not based on any provision or regulation under the code and may only be used as a guide …
IBC provisions of the Code & Regulations on Resolution Plan Under the Blog have brief details about the provisions of the Insolvency and Bankruptcy Code, 2016 & IBC Regulations made thereunder, in relation to the provision of Resolution Plans, its preparation, basic points to be contents along with approval Provisions compliances under IBC Code Provision …
Karnataka AAR Ruling: No GST for Reimbursement of Tree Cut Compensation paid to Landowners & Farmers during Execution of Work: Decision has been made by AAR Ruling that No GST for reimbursement of the tree cut compensation amount was paid to farmers and land owners during the execution of work : Karnataka Authority for Advance …
Summarized Pre-pack Insolvency Resolution Process Framework Stage Subject Matter Provisions of Act and Regulations Our Remarks Relevant Section/ Regulation/ Rule(s) Pre-application stage or Initiation Stage Applicability Pre-pack Insolvency Resolution Process Applicable on Micro, Small and Medium Enterprises (MSME), having a minimum default as defined in section 4 of the IBC Code As per Notification dated …
Much awaited CBEC Notification on ITC under GST Central Board of Indirect Taxes & Customs Through Notification No. 18/2022 dated 28th Sept. 2022 has notified that all the Goods and Services taxpayers are eligible to avail the ITC pertaining to Financial Year 2021-2022 till 30 Nov 2022. Formerly, the Input Tax Credit was accessible till September 30. …
Reserve Bank of India concept note on Central Bank Digital Currency The Reserve Bank of India said that ” Central Bank Digital Currency’s will offer the public with benefits of virtual currencies while ensuring consumer protection by avoiding the damaging economic and social consequences of private virtual currencies.” As reported by the Reserve Bank of …
Amends in IBC Regulations to decrease delays in insolvency & Liquidation process. Objective to decrease delays & realise better value, IBBI has notified the IBBI (Liquidation Process) (2nd Amendment) Regulations 2022, IBBI (Voluntary Liquidation Process) (2nd Amendment) Regulations 2022 (Amendment Voluntary Liquidation Regulations) & (Amendment Liquidation Regulations),. Above notification issue on Sept. 16 2022, Insolvency …
Tax return filing reminder! Even if you submitted an Income tax return, you could still face a INR 5,000/- Penalties. Verifying your income tax return is a significant stage after filing. The Income Tax Department will consider a return to have been cancelled if the taxpayer did not verify it after filing. You would need …
All about Forensic Audit, Its Audit Techniques Forensic Auditing is an independent examine a company’s financial accounts and establish whether they are accurate, free from any material misstatements, & most importantly to produce any evidence that may be used in court or legal proceedings, forensic auditing is an independent, comprehensive, and scientific procedure. Forensic Audit …