Note on Faceless Assessment

The Hon’ble Prime Minister of India, Sh. Narendra Modi on 13th August 2020 while inaugurating National E-Assessment Centre (‘NeAC’) announced that henceforth there will be transparency in the department and honest taxpayers will be honoured. In this regard, inter alia,... Read More →

Posted in Direct Tax |

RBI Notification on Opening of Current Accounts by Banks – Need for Discipline

As per an RBI Notification dated 06th August 2020, it has provided Guidelines on Opening of Current Accounts by Banks. As RBI has observed that various borrowers have diverted and siphoned the borrower fund by opening a number of a... Read More →

Posted in others |

Managing Supply Chain in COVID-19 Crisis

COVID-19 has disrupted supply chain globally forcing companies to relook at their supply chain model for survival. In the current time of crisis, companies are forced to relook at their supply chain models and transform the traditional supply chain mechanism.... Read More →

Posted in Audit & Assurance |

Half Yearly Audit Report on Reconciliation of Share Capital

The Ministry of Corporate Affairs (MCA), with a view to reinforcing the investor interest and better corporate governance, amended the Companies (Prospectus and Allotment of Securities) Rules, 2014 by issuing Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2019... Read More →

Posted in Regulatory |

Gujarat High Court Allows Refund of “Accumulated Credit on Input Service” in case of “Inverted Duty Structure”

The Landmark judgement by Gujarat High court on July 24, 2020, has come out with relief for many industries functioning in the field of textiles, railway locomotives and parts, handlooms, solar modules, e-commerce, etc. as it was held that by... Read More →

Posted in GST |