Auditor Duties and Reporting under Companies Act 2013 Duty of the Auditor to Inquire :- Amongst other matters, Auditor has to inquire into the following matters, namely:— (a) whether loans and advances made by the company on the basis of security have been properly secured and whether the terms on which they have been made […]
Notwithstanding Meaning The expression “notwithstanding” is potent and it could mean only “despite”, “in spite of” and “nevertheless” (see Khaizar Basha v. Indian Airlines Corpn. AIR 1984 Mad. 379).
Products exempt in current but likely to be taxed under GST The Model GST Law would act as a broad framework and Central GST as well as State GST Acts would be based on the same. In this article we would like to focus on Section 145 of the Model GST Law which enlists provisions […]
GST Impact on CA and CS Professionals The taxable event for levy of GST shall be ‘supply’ of goods and/ or services. The term ‘supply’ is defined inclusively to cover general supply and deemed supply.General supply includes all forms of supply of goods and/or services such as sale, transfer, barter, exchange, license, rental, lease or […]
Relief from Indirect taxes to Food Processing Industries India holds tremendous potential to grow in food sector. Study has shown that India is highest producer of milk, second largest producer of fruits & vegetables, third largest producer of food grains & fish & has the largest livestock population.