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MCA maiden success in the recovery of $3.25 million in Nirav Modi case from USA
Punjab National Bank Ltd. (PNB) has informed the Ministry of Corporate Affairs (MCA) which spearheaded the corporate governance litigation in a foreign jurisdictional Court, Read...

Provision for Aadhar Authentication in GST Registration
Aadhaar Authentication process has been introduced, for the persons applying for GST registration as Normal Taxpayer/ Composition/ Casual Taxable Person/ Input Service Distributor Read more...

Now Physical verification of premises mandatory for GST Registration
In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on...

Appointment of BSR as the statutory auditor of IL&FS was illegal: NFRA
The Audit Quality Review (AQR Process) was commenced on 7th February 2019. During the process, a very extensive and detailed correspondence was carried on with...

Downloading document-wise details of Table 8A of Form GSTR-9 enabled on GSTN Portal
A facility has been provided to the taxpayers to download document wise details of Table 8A of Form GSTR-9, from the portal in excel format....

Extension of AGM for the Financial year ended as at 31.03.2020
Several representations have been received in the Ministry for providing relaxations in the provisions of Companies Act, 2013 (the Act) or rules made thereunder to...

CBDT notifies Faceless Assessment Scheme on 13th August 2020
S.O. 2746(E). —In exercise of the powers conferred by sub-section (3B) of section 143 of the Income-tax Act, 1961 (43 of 1961), the Central Government...

Clarification on existing Entrepreneurs Memorandum, Udyog Aadhaar Memorandum and New Udyam Registration
This refers to Notification No. S.O. 2119(E) dated 26.06.2020 issued by Ministry of Micro, Small & Medium Enterprises(MSME) regarding criteria for the classification of enterprises...

CBDT Releases Guidance on Mutual Agreement Procedure
India has a large network of Double Taxation Avoidance Agreements (‘DTAAs’ or ‘Tax Treaties’, hereinafter) with various countries. The DTAAs, inter-alia, provide rules and mechanisms...

Plea seeking to direct ICMAI to not use acronym “ICAI” dismissed
The Appellant is a qualified chartered accountant and member of the third Respondent, namely, the Institute of Chartered Accountants of India (ICAI or CA Institute),...