MCA notifies Indian Accounting Standard (Ind AS) 117 Insurance Contracts MCA has notified Indian Accounting Standard (Ind AS) 117 Insurance Contracts. The Central Government, in consultation with the National Financial Reporting Authority, (NFRA) has notified the Companies (Indian Accounting Standards) Amendment Rules, 2024 which have amended the Companies …

ITC denial confirmed by High Court for non production of details of freight charges, delivery receipts, toll receipts to prove actual physical movement of goods. In a recent judgment, the Hon’ble Allahabad High Court confirmed the denial of Input Tax Credit (ITC) where dealer could not produce details …

Consigner shall be deemed to be owner of goods found with proper tax invoice, e-way bill In a recent judgment, the Hon’ble Allahabad High Court has held when goods intercepted were found with proper tax invoice and E-way bill belonging to the petitioner, the petitioner would be deemed …

Special all-India drive against fake GST registrations to be launched from 16.08.2024 to 15.10.2024. CBIC issues guidelines for Second special All-India Drive against fake registrations In 2023, CBIC vide Instruction No. 01/2023-GST dated 04.05.2023 issued guidelines for conducting a special All-India drive during the period from 16th May …

Amendments to PMLA related to offences under the Trade Marks Act 1999 Information Technology Act 2000to comes into force from 13th August, 2024 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 13th August, 2024 S.O. 3453(E).—In exercise of the powers conferred by sub-section (2) of section …

13 reporting entities notified to perform authentication under the Aadhaar Act for the purposes of section 11A of the Money- laundering Act. MINISTRY OF FINANCE(Department of Revenue) NOTIFICATION New Delhi, the 13th August, 2024 S.O. 3454(E).— In exercise of the powers conferred by sub-section (1) of section 11A …