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Finance & Accounting

Upcoming Future of Financial Services: An Overview

Upcoming Future of Financial Services

The pandemic accelerated the process of digitization and digital engagement of the financial services which was already gaining its ground at a gradual pac...

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GST

Whether GST applicable on contributions from members to...

Whether GST applicable on contributions from members towards meeting and administrative expenses?

In the case of M/S. Rotary Club of Mumbai Elegant [Advance Ruling Number. GST-ARA-26/2020-21/B-108 dated 9th December 2021], the Honourable AAR, Maharashtr...

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NBFC

No Immediate Impact on NBFCs: CARE on RBI’s PCA Frame...

No Immediate Impact on NBFCs: CARE on RBI’s PCA Framework

One of the rating agencies, Care edge ratings, stated that there would be no NBFCs within its rated universe that would be impacted by the RBI’s new Prom...

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Compliances

Laws related to the Hotels and Hospitality Industry of...

Laws related to the Hotels and Hospitality Industry of India

Most of the businessmen have thought at least once about opening a restaurant or a hotel. Since, the entry barriers and exit barriers to the hospitality in...

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NBFC

PCA Framework for NBFCs: An Overview

PCA Framework for NBFCs - Prompt Corrective Action Framework

Recently, the Reserve Bank of India (RBI) came up with a Prompt Corrective Action (PCA) Framework for NBFCs with a view to introduce supervisory tools and...

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GST

Uber India files a Case against levy of GST on App-base...

Uber India files a Case against levy of GST on App-based Auto rides

Auto rickshaw rides booked through app aggregators such as Ola and Uber India are set to become more expensive beginning from January 1, 2022, with the Uni...

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Latest News

Introduction of Legal Entity Identifier (LEI) for Cross...

Introduction of Legal Entity Identifier (LEI) for Cross-border Transactions

The financial crisis of 2007-2008 forced the tax regulators and law makers across the world to keep a track on the transactions that are being taken across...

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Income Tax

Amendment in Rule 10DA and Rule 10DB of IT Rules 1962...

Amendment in Rule 10DA and Rule 10DB of IT Rules 1962

India being a member of OECD and BEPS, introduced section 286 in Income tax Act, 1961 to make mandatory for the companies to submit Country by Country Repo...

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