One of the major steps to curb false/fraudulent claims of input tax credit was initiated under Goods and Services Tax regime by introducing a procedure to reverse the amount of input tax credit availed within 180 days in case no or part payment is made to the supplier of goods or services with interest as notified under section 50(1).
Parallel to the great upsurge another factor that hunting the board room of the corporate are Risk. There can be any type of the risk whether it is liquidity risk, fraud risk, reputation risk, competition risk and sundry other risks. T
Top 10 Amendments in GST in February and March 2023
Greetings of the day to every one!!! First of all, thank you every one for the comments which I have received on my part -1 of TAX AUDITS A GLANCE. In the first part of this series, I had discussed about what provis
The Central Government has notified the Income Computation and Disclosure Standard wide notification. It is further states that these standards are required to be followed while computing income under the hea
Corruption, corruption, corruption- is all that we are hearing now. Feels good to see people joining hands to face one of the greatest menaces facing our economy and country at large. As any other concerned citizen I too pondered over measures tha
It is not an article on procedures and technicalities of IFRSs but a generic one for a common man who is more concerned with results than with accounting intricacies and sophistications. The term IFRS has four components �International- Financi
Globally REIT is well developed phenomena, serving dual purpose of providing investor with alternative investment avenue, being real estate properties and providing developer or private equit
Hello. A small article by me highlighting few benefits to Individuals when they file their Income Tax Return. Comments / suggestions welcome.
The facility to file an annual return in form GSTR-9 for FY 2019-20 is now available. The form is enabled for taxpayers whose table 8A computation has been completed.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English