Latest Updates

Global Financial Insights is a weekly feature for the Accounts and Audit Module subscribers of Taxmann.com. It provides you with the latest updates on financial reporting and auditing practices from across the globe. Here is this week’s financial update. FRC...

Notification No. 06/2024-Central Tax (Rate) The CBIC has issued notification to levy GST on supply of metal scrap by unregistered person to a registered person under RCM. It would help to resolve the issue of fraudulent input tax credit claims by scrap dealers. This...

B. Raaja Thalapathy – [2024] 167 taxmann.com 209 (Article) I. Introduction To understand what the Hon’ble Supreme Court (“SC”), held in Union of India v. Rajeev Bansal [2024] 167 taxmann.com 70 (SC) (“Rajeev Bansal”), it is...

Notification No. 09/2024 – Central Tax (Rate) The CBIC has issued notification to provide levy of GST under Reverse Charge Mechanism (‘RCM’) on renting of commercial property by an unregistered person to a registered person. This notification shall be effective...

Circular No. SEBI/HO/CFD/PoD-1/P/CIR/2024/134, Dated: 07.10.2024 Earlier, SEBI, vide circular dated May 27, 2024, had prescribed the timeline for submission of annual disclosures and annual impact reports by Social Enterprises on the Social Stock Exchange for FY...

TOLA (Taxation and Other Laws [Relaxation and Amendment of Certain Provisions] Act) reassessment notices refer to notices issued for reopening tax assessments under the Income Tax Act during the period affected by the COVID-19 pandemic. TOLA, enacted with...