• GST

Late fee leviable for delay in furnishing of both Form GSTR-9 and Form GSTR-9C – CBIC

11 months ago

Late fee u/s 47(2) of the CGST Act 2017 is leviable for the delay in furnishing of both Form GSTR-9…

  • Income Tax

Net Profit rate of about 40% not possible in contract work for government – ITAT

11 months ago

Net Profit rate of about 40% not possible in contract work especially when assessee does contract work for government department…

  • Excise/Custom

Relaxation of Additional qualifiers for import/export of Lab Grown Diamonds

11 months ago

For export of Lab Grown Diamonds (HPHT/CVD) weighing less than one carat, declaration of additional qualifiers will only be voluntary…

  • FCRA

Transaction in FCRA accounts/utilisation accounts without FCRA certificate is illegal

11 months ago

Any transaction in FCRA accounts/FCRA utilisation accounts of the NGO, Association whose FCRA certificate has been cancelled or ceased or…

  • SEBI

SEBI prescribes format of Due Diligence Certificate to be given by Debenture Trustees

11 months ago

SEBI prescribes format of Due Diligence Certificate to be given by the Debenture Trustees (DTs) SEBI vide notification dated July…

  • GST

Payment of GST on co-insurance premium apportioned by lead insurer to co-insurer 

11 months ago

No GST on co-insurance premium apportioned by the lead insurer  to  the  co-insurer  and  on  ceding  /re-insurance  commission  deducted  from …

  • GST

CBIC issues Circular clarifying applicability of GST on certain services

11 months ago

CBIC issues Circular clarifying applicability of GST on certain services CBIC has issued Circular No. 245/02/2025-GST dated 28.01.2025 giving clarifications…

  • Income Tax

Assessment made u/s 143(3) despite AY comprised in block period u/s 153C void

11 months ago

Assessment made u/s 143(3) despite AY comprised in block period under satisfaction note recorded u/s 153C was void ab initio…

  • ICAI

ICAI (Aggregation of LLPs) Guidelines 2024 notified w.e.f. 28.01.2025

11 months ago

ICAI (Aggregation of LLPs) Guidelines 2024 notified by ICAI   The Council of the Institute of Chartered Accountants of India…

  • Income Tax

Incriminating material has to identified with respect to each AYs in a block period

11 months ago

Incriminating material has to be identified with respect to each Assessment Year before proceeding u/s 153C – Department’s SLP dismissed…