CONSEQUENCES OF WITHDRAWING RS 2000 NOTES FROM CIRCULATION

Finance / By /

Disruption in the economy: The immediate consequence would be a disruption in the circulation of currency. People who possess 2000 rupee notes would need to exchange them for smaller denominations, potentially causing short-term inconvenience and confusion in the economy. Impact on cash-dependent sectors: Certain sectors that heavily rely on cash transactions, such as small businesses …

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E-INVOICE VERIFIER APP BY GSTN

Finance / By /

1. The E-Invoice Verifier App developed by GSTN, has been introduced which offers a convenient solution for verifying e-Invoices and other related details. GSTN understands the importance of efficient and accurate e-invoice verification, and this app aims to simplify the process for your convenience. 2. E-Invoice Verifier App – Key Features and Benefits: i. QR …

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DELHI HIGH COURT MAKES HYBRID HEARINGS MANDATORY IN ALL DELHI DISTRICT COURTS

Legal / By /

  The District Courts in Delhi, shall permit any of the parties and/or their counsel to appear through hybrid/video- conferencing mode during Court proceedings, without there being any requirement of a prior request for the same. The hearings shall be conducted in hybrid/video-conferencing mode in conformity with the High Court of Delhi Rules for Video …

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STANDARD OPERATING PROCEDURE FOR SCRUTINY OF RETURNS FOR FY 2019-20 ONWARDS

Finance / By /

Attention is invited to the Instruction No. 02/2022-GST dated 22nd March, 2022, wherein a Standard Operating Procedure (SOP) was provided for scrutiny of returns under section 61 of Central Goods and Services Tax Act, 2017 (hereinafter referred to as “the CGST Act) read with rule 99 of Central Goods and Service Tax Rules, 2017 (hereinafter …

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GUIDELINES FOR REMOVAL OF DIFFICULTIES UNDER SUB-SECTION (3) OF SECTION 194BA OF THE INCOME-TAX ACT, 1961

Finance / By /

Finance Act 2023 inserted a new section 194BA in the Income-tax Act, 1961 (hereinafter referred to as “the Act”) with effect from 1°t April 2023. The new section mandates a person, who is responsible for paying to any person any income by way of winnings from any online game during the financial year to deduct …

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AMNESTY SCHEME FOR REVOCATION OF CANCELLATION OF GST REGISTRATION

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A special procedure is notified through which a registered person, whose registration has been cancelled under clause (b) or (c) of sub-section (2) of section 29 of the MGST Act on or before 31st day of December, 2022, and who has failed to apply for revocation of cancellation of such registration within the time period …

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managing your finances and legal affairs can be a daunting task

Uncategorized / By /

As a business owner, managing your finances and legal affairs can be a daunting task. That’s why it’s crucial to have a reliable and competent partner to help you navigate the complex world of accounting and legal services. That’s where A BIZ Chancellor comes in – a CA and legal services firm that can help …

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