tag:blogger.com,1999:blog-28187275522057287912024-03-13T15:32:41.075+05:30CA Passion - The Most Popular & Trusted website for CA Students & MembersIndia's one of the most popular, trusted and resourceful portal for Chartered Accountant Members and Students. You will find Notes, News, Jobs, Tips, GST, MCA, Tax, Legal updates here. CA Passionhttp://www.blogger.com/profile/13111220939539528613noreply@blogger.comBlogger1424125tag:blogger.com,1999:blog-2818727552205728791.post-40367480899263555382023-11-24T23:31:00.000+05:302023-11-24T23:31:14.340+05:30ICAI LAUNCHED NEW CA LOGO<br /><br />TODAY, ICAI unveiled New "CA" Logo at #ICAIGloPAC which is a unique Symbol that imbibes Indian Values & ICAI’s Virtue of Excellence, Independence and Integrity. The New Logo reflects the accountancy profession’s unwavering commitment towards being a partner in nation building<br /><br />Here it is the NEW CA LOGO:<br /><p></p><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-Zeid56vL1fQOR-OJg0eELzasYKs5wkS9IOFoZPN5x1xeKx0mHZNvsfEkgxMCcLINwjnJAKQus4ke6tilS5zl29HmNCpUcrZ4u_-jafyWh71B0v7ybwyKe4vMreQIrf0yh_WuHOdLJ1x-bIA3qMOYVrr0jiqEZVf8OXMCmL6ttDRgva0W3fHlfj9AOr4/s532/405548896_7032824490097726_4119900545786181043_n.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="480" data-original-width="532" height="361" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-Zeid56vL1fQOR-OJg0eELzasYKs5wkS9IOFoZPN5x1xeKx0mHZNvsfEkgxMCcLINwjnJAKQus4ke6tilS5zl29HmNCpUcrZ4u_-jafyWh71B0v7ybwyKe4vMreQIrf0yh_WuHOdLJ1x-bIA3qMOYVrr0jiqEZVf8OXMCmL6ttDRgva0W3fHlfj9AOr4/w400-h361/405548896_7032824490097726_4119900545786181043_n.jpg" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><span style="font-size: xx-small;">source: <a href="https://fb.watch/owDg-d9_OI/">https://fb.watch/owDg-d9_OI/</a></span></div><div class="separator" style="clear: both;"><a href="https://www.facebook.com/theicai"><span style="font-size: xx-small;">https://www.facebook.com/theicai</span></a></div><div><br /></div>#icai #logo #ca #charteredaccountants #news<br /><span style="background-color: white; color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15.75px; white-space-collapse: preserve;"><br /></span><p></p>Gouravhttp://www.blogger.com/profile/06544440205800479983noreply@blogger.com0tag:blogger.com,1999:blog-2818727552205728791.post-89798587456036195362023-08-11T12:02:00.006+05:302023-08-11T12:02:44.223+05:30CA held guilty by ICAI: Cares to be Taken, while Issuing a Certificate<p> CA held guilty by ICAI: Cares to be Taken, while Issuing a Certificate</p><p><br /></p><p>1) Identify Addressee</p><p>2) Specify purpose</p><p>3) No Collusion</p><p><br /></p><p>The Disciplinary Committee of ICAI in the matter Shri H.G. Nagaraju Vs. CA. Lingaraj M. Pujari has held that CA writing to whomsoever it may concern on a certificate reprimanded by ICAI for professional misconduct.</p><p><br /></p><p>The Board of Discipline vide Findings dated 10th February 2023 was of the view that CA. Lingaraj M. Pujari (M.No.225579) is Guilty of “Other Misconduct” falling within the meaning of Item (2) of Part-IV of the First Schedule to the Chartered Accountants Act, 1949 read with Sec 22 of the said Act.</p><p><br /></p><p>The Board has carefully gone through the facts of the case along with the oral and written representation of CA. Lingaraj M.Pujari.</p><p><br /></p><p>As per the Findings of the Board as contained in its report, the Respondent was appointed by the Company vide its appointment letter dated 9th January 2017 for issuing a Certificate showing expenditures which are not supported by any bills, vouchers, documents, etc. and unapproved payments from the Financial Year 2011-12 to the Financial Year 2016-17. The Respondent issued a Certificate of expenditure dated 31st January, 2017 for the financial years 2011-12 to 2016-2017 where no support or approvals were available. The Certificate issued by him was not address addressed to “To Whomsoever It May Concern” and the purpose for which the same had been issued was not specified therein. The Board viewed that Guidance Note issued by the Institute (ICAI) i.e. “Guidance Note on Reports or Certificates for Special Purposes” clearly states that there is no standardized format for reporting on such engagements. Instead, certain basic elements were identified which include to identify addressee. However, it is also mentioned that in some cases such Certificate or report could be for other intended users hence, could be issued to such other unidentifiable user. However, since in the instant case, the Respondent had been appointed by the company and the Certificate was not addressed to the company but to unidentified users by usage of phrase “To Whomsoever It May Concern”, the Board was of the view that the very purpose for which the Certificate had been issued by the Respondent becomes questionable and misleading. The Board on bare perusal of the entries in the Annexures to the Certificate issued by the Respondent noted that the majority of the entries provided therein which were allegedly unapproved, pertained to the Complainant only. Thus, the Board was of the view that the act of the Respondent of issuing a Certificate addressed to unidentified users indicates that the same had been issued by him in collusion with the other directors of the company. The Board was of the view that it was the duty of the Respondent to perform a thorough and careful examination of the fact/data and issue an unbiased certificate which in the instant case was lacking. The said compromising conduct of the Respondent shows his malafide intention of acting in collusion with the other directors of the company which is clearly unbecoming of a Chartered Accountant and thus, has brought disrepute to the profession. Accordingly, the Board held the Respondent Guilty of “Other Misconduct” falling within the meaning of Item (2) of Part-IV of the First Schedule to the Chartered Accountants Act, 1949 read with section 22 of the said Act.</p><p>Thus, upon consideration of the facts of the case, the consequent misconduct of CA Lingaraj M. Pujari (M. No.225579) and keeping in view his oral and written representation before it, the Board decided to Reprimand of CA. Lingaraj M. Pujari (M. No.225579).</p>CA Passionhttp://www.blogger.com/profile/13111220939539528613noreply@blogger.com0India20.593684 78.96288-7.7165498361788458 43.80663 48.903917836178849 114.11913tag:blogger.com,1999:blog-2818727552205728791.post-27087405741373838352023-07-04T17:23:00.005+05:302023-07-04T17:31:15.681+05:30All About New Scheme of CA Course<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtmIFLbKo_pE_I0C5YIZjF_1NFZd71cI77_9dieU9dodQjfdfQszKKGd50G03kmfuBIBlfxyPC7qLrhLO0xotnYwv_0im1i4SoqaFqiGxFsSsjWtR-qoDsarVkOvRrkHp9f7-DEdLY1MyEqmL-Ema1cktSo7-7JpaPgUUFr_cloa0zuNfk5xfzLsCcoIQ/s626/Screenshot%202023-07-04%20172143.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="255" data-original-width="626" height="130" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtmIFLbKo_pE_I0C5YIZjF_1NFZd71cI77_9dieU9dodQjfdfQszKKGd50G03kmfuBIBlfxyPC7qLrhLO0xotnYwv_0im1i4SoqaFqiGxFsSsjWtR-qoDsarVkOvRrkHp9f7-DEdLY1MyEqmL-Ema1cktSo7-7JpaPgUUFr_cloa0zuNfk5xfzLsCcoIQ/s320/Screenshot%202023-07-04%20172143.png" width="320" /></a>
</div>
<br />
<p><br /></p>
<p>
As you all know ICAI has launched its New Scheme of Education & Training
on 1st July 2023, here you can find all the relevant details about the scheme
</p>
<p><i>Just wait for 12-15 seconds after clicking on download button, you will be directed to the file</i></p>
<div class="mbtTOC2">
<button>Contents <span>[<a id="Tog" onclick="mbtToggle2()">hide</a>]</span></button>
<div id="mbtTOC2"></div>
</div>
<h2 style="text-align: left;">Prospectus</h2>
<p>
<a href="https://www.capassion.in/p/prospectus-new-scheme.html" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="180" data-original-width="610" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr_RYtXr74bc56lgVob9YnkccorD8MMX5wdCDomKJVtiTvLrAr-MkESWG1QDOHMyEsWBX9dtL-W5mv8o4SouqgmWO6hipJI4qwlUq7buDwzYlxIgm5MasFdnK2qbv9WysxiwVVA03rFtg/w200-h58/download_pdf_icon.png" width="200" /></a>
</p>
<p><br /></p>
<p><br /></p>
<h2 style="text-align: left;">Transition Scheme</h2>
<p>
<a href="https://www.capassion.in/p/transition-scheme.html" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="180" data-original-width="610" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr_RYtXr74bc56lgVob9YnkccorD8MMX5wdCDomKJVtiTvLrAr-MkESWG1QDOHMyEsWBX9dtL-W5mv8o4SouqgmWO6hipJI4qwlUq7buDwzYlxIgm5MasFdnK2qbv9WysxiwVVA03rFtg/w200-h58/download_pdf_icon.png" width="200" /></a>
</p>
<p><br /></p>
<h2 style="text-align: left;"><br /></h2>
<h2 style="text-align: left;">Syllabus</h2>
Foundation Course <br /><br /> <a href="https://www.capassion.in/p/syllabus-foundation.html"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr_RYtXr74bc56lgVob9YnkccorD8MMX5wdCDomKJVtiTvLrAr-MkESWG1QDOHMyEsWBX9dtL-W5mv8o4SouqgmWO6hipJI4qwlUq7buDwzYlxIgm5MasFdnK2qbv9WysxiwVVA03rFtg/w200-h58/download_pdf_icon.png" /></a> <br /><br /> <br />Intermediate Course <br /><br /> <a href="https://www.capassion.in/p/syllabus-intermediate.html"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr_RYtXr74bc56lgVob9YnkccorD8MMX5wdCDomKJVtiTvLrAr-MkESWG1QDOHMyEsWBX9dtL-W5mv8o4SouqgmWO6hipJI4qwlUq7buDwzYlxIgm5MasFdnK2qbv9WysxiwVVA03rFtg/w200-h58/download_pdf_icon.png" /></a> <br /><br /> <br />Self-Paced Online Modules <br /><br /> <a href="https://www.capassion.in/p/syllabus-self-placed-modules.html"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr_RYtXr74bc56lgVob9YnkccorD8MMX5wdCDomKJVtiTvLrAr-MkESWG1QDOHMyEsWBX9dtL-W5mv8o4SouqgmWO6hipJI4qwlUq7buDwzYlxIgm5MasFdnK2qbv9WysxiwVVA03rFtg/w200-h58/download_pdf_icon.png" /></a> <br /><br /> <br />Final Course <br /><br /> <a href="https://www.capassion.in/p/syllabus-final.html"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr_RYtXr74bc56lgVob9YnkccorD8MMX5wdCDomKJVtiTvLrAr-MkESWG1QDOHMyEsWBX9dtL-W5mv8o4SouqgmWO6hipJI4qwlUq7buDwzYlxIgm5MasFdnK2qbv9WysxiwVVA03rFtg/w200-h58/download_pdf_icon.png" /></a> <br /><br /> <br />Information Technology Training & Soft Skills <br /><br /> <a href="https://www.capassion.in/p/syllabus-it-soft-skills.html"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr_RYtXr74bc56lgVob9YnkccorD8MMX5wdCDomKJVtiTvLrAr-MkESWG1QDOHMyEsWBX9dtL-W5mv8o4SouqgmWO6hipJI4qwlUq7buDwzYlxIgm5MasFdnK2qbv9WysxiwVVA03rFtg/w200-h58/download_pdf_icon.png" /></a>
<p><br /></p>
<h2 style="text-align: left;"><br /></h2>
<h2 style="text-align: left;">FAQs</h2>
<p>
<a href="https://www.capassion.in/p/faqs.html" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="180" data-original-width="610" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr_RYtXr74bc56lgVob9YnkccorD8MMX5wdCDomKJVtiTvLrAr-MkESWG1QDOHMyEsWBX9dtL-W5mv8o4SouqgmWO6hipJI4qwlUq7buDwzYlxIgm5MasFdnK2qbv9WysxiwVVA03rFtg/w200-h58/download_pdf_icon.png" width="200" /></a>
</p>
<h2 style="text-align: left;"><br /></h2>
<h2 style="text-align: left;">Study Material</h2>
<p>
<a href="https://www.capassion.in/p/new-study-materials.html" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="180" data-original-width="610" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr_RYtXr74bc56lgVob9YnkccorD8MMX5wdCDomKJVtiTvLrAr-MkESWG1QDOHMyEsWBX9dtL-W5mv8o4SouqgmWO6hipJI4qwlUq7buDwzYlxIgm5MasFdnK2qbv9WysxiwVVA03rFtg/w200-h58/download_pdf_icon.png" width="200" /></a>
</p>
<script>mbtTOC2();</script>CA Passionhttp://www.blogger.com/profile/13111220939539528613noreply@blogger.com0tag:blogger.com,1999:blog-2818727552205728791.post-41498153886331774702023-05-20T12:21:00.000+05:302023-05-20T12:21:29.991+05:30ICICI PRUDENTIAL is hiring CA, MBA<a
href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjoeYR_N6IvuO3nqLkpbdZ2_SYiEsQMWQiFbP5n98hOhAUglIKVXl1O4dULaov_gJfOHae3lG7eAv0aLMJJyKXvHop9X43Y6xm8pTYaZaf0WV2Ki02UGak6sbvEQ4Qh8VInbhKGTq28YkVpTd6Cgrr54YKf9DdL5cqQxwkbTY0JqznDAhVLN2wooOw8/s600/icici-prudential-life-insurance--600.png"
imageanchor="1"
style="margin-left: 1em; margin-right: 1em; text-align: center;"
><img
border="0"
data-original-height="600"
data-original-width="600"
height="320"
src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjoeYR_N6IvuO3nqLkpbdZ2_SYiEsQMWQiFbP5n98hOhAUglIKVXl1O4dULaov_gJfOHae3lG7eAv0aLMJJyKXvHop9X43Y6xm8pTYaZaf0WV2Ki02UGak6sbvEQ4Qh8VInbhKGTq28YkVpTd6Cgrr54YKf9DdL5cqQxwkbTY0JqznDAhVLN2wooOw8/s320/icici-prudential-life-insurance--600.png"
width="320" /></a
><br /><br />
<div class="mbtTOC2">
<button>Contents <span>[<a onclick="mbtToggle2()" id="Tog">hide</a>]</span></button>
<div id="mbtTOC2"></div>
</div>
<h2 style="text-align: left;">Job Description</h2>
Manager-I CUW SC
<div>
<br />
<h2 style="text-align: left;">Key Responsibilities</h2>
<br />
<ul style="text-align: left;">
<li>New product and treaty set-up</li>
<li>In depth analysis of reinsurance treaties/ arrangements</li>
<li>
Scenario building basis treaty arrangement and preparing expected output.
</li>
<li>Comparing expected output of scenarios with system output.</li>
<li>Reinsurance accounting</li>
<li>Regulatory and financial reporting</li>
<li>
Monthly analysis of financials (reinsurance premium, claim and sum cede)
by way of ratio, trend analysis.
</li>
<li>
Regular review of data quality residing in core system and reinsurance
admin system, built effective measures of control to minimize error.
</li>
<li>Handling statutory/internal/regulatory audit</li>
</ul>
<br />
<br /><br />
<h2 style="text-align: left;">Education Qualification</h2>
<br />· Fresh or experienced Chartered accountant MBA from a reputed institute
with 2- 3 years’ experience.<br /><br />· Experience of financial operations
preferred.
</div>
<div><br /></div>
<div>
<div>
<div>
<div>
<div>
<div>
<div>
<div>
<h2>Location</h2>
<div><br /></div>
<div>MUMBAI, MAHARASHTRA, INDIA</div>
<div><br /></div>
<div>
<div>
<div>
<div>
<div>
<h2 style="text-align: justify;">Apply Now</h2>
<div style="text-align: justify;"><br /></div>
</div>
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<script>mbtTOC2();</script>CA Passionhttp://www.blogger.com/profile/13111220939539528613noreply@blogger.com0India20.593684 78.96288-7.7165498361788458 43.80663 48.903917836178849 114.11913tag:blogger.com,1999:blog-2818727552205728791.post-18155882967568065622023-05-20T12:12:00.000+05:302023-05-20T12:12:06.356+05:30PEPSICO is hiring CA / CA Inter / MBA<a
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<h2 style="text-align: left;">Job DescriptionOverview</h2>
<br />The main objectives of this role are as follows:<br /><br /><br /><br />
<ul style="text-align: left;">
<li>
Foods Pack-Price x Channel StrategyCompetition Tracking by State on consumer
offerings and pack-price
</li>
<li>
Tracking performance of various pack-price and pricing initiatives –
especially pilot ones where we need a read for future actions
</li>
<li>
Supports on Foods AOP process, with pack-price recommendations rooted in
analytics, market insights and P3 consumer work
</li>
<li>
Evaluating alternate pack-price scenarios, for contingencies like GST
increase
</li>
<li>
Execution support to Category on pack-price implementation, call-out
changes, etc.
</li>
</ul>
<br />This role is a Strategic Role and requires cross-functional team-work
orientation along with analytical thinking, and ability to co-ordinate/execute
Pricing & Pack Price decisions to improve NRR.
<div><br /></div>
<h2 style="text-align: left;">Responsibilities</h2>
<div><br /></div>
<div>
<ul style="text-align: left;">
<li>
Support Line manager to develop Channel Pack Price & Price
architecture in AOP taking consideration of the competition landscape,
retail dynamics, shift of consumer behaviors, competition tactical moves,
category development and company financials
</li>
<li>
Partner with Shopper Insights to conduct the appropriate field research
(Demand Space Channel Pack Price, P3, Perceived Value Study, etc) to
optimize our Pack Price and Trade Promotion e.g. P3, Demand Space led Pack
Price, Promo optimization, etc.
</li>
<li>
Develops and maintains updated pack-price line-ups for India Foods and
competition portfolios (yearly)
</li>
<li>
Interacts with Sector RM teams for supporting data requirements and RM
governance (ongoing)
</li>
<li>
Co-leads with the Category Finance team the tracking and consolidating of
RM initiative results
</li>
<li>
Leads pricing decisions execution; liaise with supply chain/ procurement
and category teams to ensure timely in market execution<br /><br /><br />
</li>
</ul>
<h2 style="text-align: left;">Qualifications</h2>
<br />
<h3 style="text-align: left;">Experience and Qualification</h3>
</div>
<div><br /></div>
<div>
<ul style="text-align: left;">
<li>Chartered Accountant</li>
<li>MBA from premier institute</li>
<li>CA Inter Pass with relevant Experience</li>
<li>4-5 years of prior experience in FMCG sector preferred</li>
<li>Category strategy exposure preferred</li>
<li>Good communication and presentation skills</li>
</ul>
</div>
<div>
<br />
<h3 style="text-align: left;">Key Skills/Experience Required</h3>
</div>
<div>
<ul style="text-align: left;">
<li>Analytical Thinking</li>
<li>
RM Pack-Price know-how - Leveraging global market play-books / researches
/ best practices
</li>
<li>Commercial understanding – Know the Business Cold</li>
<li>Powerpoint / presentation making skills</li>
<li>Good networking skills</li>
<li>Cross-functionally working with Finance, Marketing</li>
<li>Project Management</li>
</ul>
<div>
<h2>Location</h2>
<div><br /></div>
<div>GURUGRAM, HARYANA, INDIA</div>
</div>
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<script>mbtTOC2();</script>CA Passionhttp://www.blogger.com/profile/13111220939539528613noreply@blogger.com0India20.593684 78.96288-7.7165498361788458 43.80663 48.903917836178849 114.11913tag:blogger.com,1999:blog-2818727552205728791.post-28831477086720881332023-05-20T12:00:00.003+05:302023-05-20T12:00:29.769+05:30BNP Paribas is hiring CA / CFA / MBA<a
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<h2 style="text-align: left;">About BNP Paribas Group</h2>
<br />BNP Paribas is a top-ranking bank in Europe with an international profile.
It operates in 64 countries and has around 184,000 employees. The Group holds
leading positions in its three major operating divisions:<br /><br /><br />Commercial,
Personal Banking & Services for all the Group’s retail banking networks and
several specialised businesses, including BNP Paribas Personal Finance and
Arval;<br />Investment & Protection Services for savings, investment and
protection solutions;<br />Corporate & Institutional Banking, which is
focused on corporate and institutional clients.<br /><br /><br /><br />About BNP
Paribas India Solutions:<br /><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>
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<br /><br />Established in 2005, BNP Paribas India
Solutions is a wholly owned subsidiary of BNP Paribas SA. With delivery centers
located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center.
India Solutions services three business lines: Corporate and Institutional
Banking, Investment Solutions and Retail Banking for BNP Paribas across the
Group. Driving innovation and growth, we are harnessing the potential of over
12,000 employees, to provide support and develop best-in-class solutions.<br /><br /><br />About
Business line/Function :<br /><br /><br /><br /><br />The Equity Research
Support team supports Equity Research analysts in analyzing and providing
financial insights on publicly-traded companies and/or sectors to institutional
investors.<br /><br />The team is responsible for financial research for India
and is involved in data collection and presentation. The team is involved in
reviewing the industry, preparing research reports, financial modeling and
company valuations.<br /><br />
<h2>Full Job Description</h2>
<p style="text-align: left;">
EQUITY RESEARCH SUPPORT - RESEARCH ASSOCIATE (STRATEGY & CONSUMER) (JOB
NUMBER: EQU000330)
</p>
<h4 style="text-align: left;">Job Title</h4>
<div>
Equity Research Support - Research Associate (Strategy & Consumer)
</div>
<br /><br />
<h3 style="text-align: left;">Department:</h3>
<br />Research Support<br /><br /><br /><br />
<h2 style="text-align: left;">Location</h2>
Mumbai<br /><br /><br />
<h2 style="text-align: left;">Business Line / Function:</h2>
Research<br /><br /><br /><br />
<h2 style="text-align: left;">Position Purpose</h2>
<br /><br /><br /><br />BNPP ISPL is looking for experienced professionals in
equity research (Strategy & Consumer) to support the lead analyst covering
the Strategy and Consumer fields. The associate will be based out of Mumbai.<br /><br /><br /><br /><br />
<h2 style="text-align: left;">Responsibilities</h2>
<br /><br /><br /><br />
<ul style="text-align: left;">
<li>
The associate will assist the Equity Strategist and Consumer analyst in
preparing Strategy reports and Consumer Industry and company reports. Under
the guidance of the lead analyst, the associate will perform the
following:Collect secondary and primary data, build and regularly update
economic and industry databases and perform economic and industry analysis
to determine sector and stock weightings in a model portfolio.
</li>
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<li>
Develop and maintain various quantitative and qualitive screens to shortlist
stocks that are attractive or unattractive in a given market and economic
environment.
</li>
<li>Prepare financial statement forecasts for companies under coverage</li>
<li>
Estimate the fair value for stocks of companies under coverage and determine
investment recommendations for stocks
</li>
<li>
Write equity research reports detailing the industry outlook and the
investment thesis on a particular stock or multiple stocks under coverage
</li>
<li>
Prepare research reports providing regular updates on industries and
companies under coverage
</li>
<li>Prepare presentations for analyst marketing roadshows</li>
<li>
Liaise with investor relations departments of companies under coverage and
attend quarterly earnings conference calls and analyst meets of companies
</li>
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</ul>
<br /><br /><br /><br /><br /><br />
<h2 style="text-align: left;">Technical & Behavioral Competencies</h2>
<br /><br />
<ul style="text-align: left;">
<li>
Preferably 2-5 years’ relevant experience. Preferably in equity research –
Strategy and/or consumer sectors
</li>
<li>Have an MBA from a reputed institution or CA or CFA</li>
<li>
Have an in-depth knowledge of financial modelling and valuation techniques.
They should be proficient in using Bloomberg and MS Office applications such
as Excel, Powerpoint and Word.
</li>
<li>Good understanding of Strategy and/or Consumer sectors.</li>
<li>
Committed to upholding high standards of integrity, having sound analytical
skills and are passionate about investing
</li>
<li>
Have a flair for business writing and excellent inter-personal skills to
build relationships with personnel of companies under coverage, industry
experts and internal stakeholders like equity sales and sales traders.
</li>
</ul>
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<script>mbtTOC2();</script>CA Passionhttp://www.blogger.com/profile/13111220939539528613noreply@blogger.com0India20.593684 78.96288-7.7165498361788458 43.80663 48.903917836178849 114.11913tag:blogger.com,1999:blog-2818727552205728791.post-83910716818472824722023-05-20T11:40:00.005+05:302023-05-20T11:40:42.358+05:30Vacancy for CA Inter at CAAQ Consultancy Pvt. Ltd.<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj72seR4N222TFAtK-76xFVkldZLAFfrCDpQHT46RTi3WTSuLqDhuCzsS6GkO0lwZzeNUA2_GTuBY9ym6P70ugrrl7dk5NFn7cscooCWJlZDQIFSF-WvGs_qh91Abxugo6hwQrjMr2m9fWpm1zrmVpbg0pKlFOEa2pg2jRdbhHvlCnPLLR7LGEv_XZN/s200/caaq.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="200" data-original-width="200" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj72seR4N222TFAtK-76xFVkldZLAFfrCDpQHT46RTi3WTSuLqDhuCzsS6GkO0lwZzeNUA2_GTuBY9ym6P70ugrrl7dk5NFn7cscooCWJlZDQIFSF-WvGs_qh91Abxugo6hwQrjMr2m9fWpm1zrmVpbg0pKlFOEa2pg2jRdbhHvlCnPLLR7LGEv_XZN/s1600/caaq.jpeg" width="200" /></a></div><br /><p></p><p><span style="background-color: white; color: #202124; font-family: arial, sans-serif; font-size: 14px; white-space: pre-line;">Books Finalisation, Gst, Clients Handling. More Than 2 Years Experience Compulsory. | Audit, Book Keeping, Taxation, Tax returns | Skills Needed : Finalization, GST, TDS
More info about this Ca Inter Qualified Job:
1. How much salary can I expect for this role?
Ans. CAAQ CONSULTANCY PRIVATE LTD (CA FIRM) will provide a salary in the range of 20000 INR to 25000 INR. The exact salary will be decided based on your skills, experience and interview performance.
2. What are the educational requirements for this job?
Ans. CAAQ CONSULTANCY PRIVATE LTD (CA FIRM) expects the desired candidate to have the following educational requirement: Graduate.
3. Is this a work from home job or a work from office job?
Ans. This is a work from office job.
4. Is there a gender requirement for this job?
Ans. No, there is no gender requirement, both male and female candidates can apply for this job.
5. Are there any unique skills required for this job?
Ans. CAAQ CONSULTANCY PRIVATE LTD (CA FIRM) expects</span><span class="WbZuDe" style="background-color: white; color: #202124; display: inline; font-family: arial, sans-serif; font-size: 14px; white-space: pre-line;"> the candidate to have the following skills: Audit, Book keeping, Finalization, Gst, Tax returns, Taxation, Tds.
6. How much experience is required for this job?
Ans. CAAQ CONSULTANCY PRIVATE LTD (CA FIRM) expects the candidate to have 2+ Years of Experience.
7. Where is the job located?
Ans. The candidate will be expected to come to the following locality to work: 1882, 2nd Floor, Kotla Mubarak Pur Jagram mandir Road, South ex part 1, New Delhi -NA.
8. What are the timings of this job?
Ans. CAAQ CONSULTANCY PRIVATE LTD (CA FIRM) expects the candidate to work for the following hours: 9:30 AM - 6:30 PM | Monday to Saturday</span></p><div><div><div><div><div><div><div><div><div><div><div><div><div><h2 style="text-align: justify;">Apply Now</h2><div style="text-align: justify;"><br /></div></div><div>Send your Resume / CV at <span face=""Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif" style="background-color: white; color: #050505; font-size: 15.75px;"><b><i><u>info@caaq.in</u></i></b></span></div><div><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><p>#jobs #applynow #jobsforcainter<br /><br /><br /><b><i><u><span style="font-size: medium;">Search for more Jobs:</span></u></i></b></p><div><div class="separator" style="clear: both;"><div style="font-weight: 700;"><div style="background-color: white; color: #2d2d2d; font-family: "helvetica neue", helvetica, arial, sans-serif; font-size: 13.3333px; margin: 0px;"><div style="text-align: center;"><br /></div></div><div class="separator" style="background-color: white; background-position: 0px 0px; border: 0px none; clear: both; color: #2d2d2d; font-family: "helvetica neue", helvetica, arial, sans-serif; font-size: 13.3333px; outline: currentcolor none 0px; padding: 0px; text-align: center; vertical-align: baseline;"><br /></div><div class="separator" style="background-color: white; background-position: 0px 0px; border: 0px none; clear: both; color: #2d2d2d; font-family: "helvetica neue", helvetica, arial, sans-serif; font-size: 13.3333px; outline: currentcolor none 0px; padding: 0px; text-align: center; vertical-align: baseline;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://www.capassion.in/2018/12/jobs-by-location_12.html" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="360" data-original-width="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhcM51sjdMXpeee1LK3iwJt_vIkx8xFO_MtVL81cTsfECxyyHBJOw4kdhZ-_7VaEqKg8QHLv9uG10l8FtFj4HfUU7SxKmUL0TdpLiqBeEhQQXCln-QS7ooJ3x7Hv2vjiKLFE_Dx7XY26tU/s320/3.png" width="320" /></a></div><div style="text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://www.capassion.in/search/label/CA%20Inter%20Jobs" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="360" data-original-width="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-K_OkUriXSFJuAhscsXO1RgOgzRMycTYu1xIioJ3UtqVtR-T6G_u5Q00g1K9qWakYT6AQ3Y0TCYiiel-MQe7UYolc6Zz7etG5eF3ioYnrSdts8fgDu01D2eaMW4eiax9YGmMEvDJnVzU/s320/2.png" width="320" /></a></div><div style="text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://www.capassion.in/search/label/CA%20Jobs" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="360" data-original-width="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKZNrutRRLQaNJTVrL23FGYaBay3OkPeLhwc1TR0gmJ3CshQRxjHK9wmA11HW3Zc5TS8g1Egaz4KVMQ6-cqKDLk-xcNMbiYwkqPRJrsl7DDeoiTcQiAAt2c1GY5wJqME8g2-h60w-FdOU/s320/1.png" width="320" /></a></div><div><br /></div></div></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p> </p><p> </p> <p> </p><p> </p><p> </p></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div><span class="WbZuDe" face="arial, sans-serif" style="background-color: white; color: #202124; display: inline; font-size: 14px; white-space: pre-line;"><br /></span></div></div>CA Passionhttp://www.blogger.com/profile/13111220939539528613noreply@blogger.com0India20.593684 78.96288-7.7165498361788458 43.80663 48.903917836178849 114.11913tag:blogger.com,1999:blog-2818727552205728791.post-76391467222072028412023-05-20T11:32:00.009+05:302023-05-20T11:33:58.904+05:30Vacancy for CA Inter at Shree Shiv Accounting And Taxation Services<p><span face="arial, sans-serif" style="background-color: white; color: #202124; font-size: 14px; white-space: pre-line;"><br /></span></p><p><span face="arial, sans-serif" style="background-color: white; color: #202124; font-size: 14px; white-space: pre-line;">Billing Aur Invoicing Karna. Balance Sheet Maintain Karna. Gst Aana Chhaiye. More Than 2 Years Experience Compulsory. | Articleship, Audit, Book Keeping, Chartered Accountant, Tax returns, Taxation, Journal Entry | Skills Needed : Finalization, GST, TDS, Tally</span></p><span face="arial, sans-serif" style="background-color: white; color: #202124; font-size: 14px; white-space: pre-line;"> More info about this Ca Inter Job:
1. How much salary can I expect for this role?
Ans. Shree Shiv Accounting And Taxation Services will provide a salary in the range of 30000 INR to 35000 INR. The exact salary will be decided based on your skills, experience and interview performance.
2. What are the educational requirements for this job?
Ans. Shree Shiv Accounting And Taxation Services expects the desired candidate to have the following educational requirement: Graduate.
3. Is this a work from home job or a work from office job?
Ans. This is a work from office job.
4. Is there a gender requirement for this job?
Ans. No, there is no gender requirement, both male and female candidates can apply for this job.
5. Are there</span><span class="WbZuDe" face="arial, sans-serif" style="background-color: white; color: #202124; display: inline; font-size: 14px; white-space: pre-line;"> any unique skills required for this job?
Ans. Shree Shiv Accounting And Taxation Services expects the candidate to have the following skills: Articleship, Audit, Book keeping, Chartered accountant, Finalization, Gst, Journal entry, Tally, Tax returns, Taxation, Tds.
6. How much experience is required for this job?
Ans. Shree Shiv Accounting And Taxation Services expects the candidate to have 2+ Years of Experience.
7. Where is the job located?
Ans. The candidate will be expected to come to the following locality to work: 301, kiran jyot residency, P. G road, secunderabad.
8. What are the timings of this job?
Ans. Shree Shiv Accounting And Taxation Services expects the candidate to work for the following hours: 9:30 AM - 6:30 PM | Monday to Saturday</span><div><span face="arial, sans-serif" style="color: #202124;"><span style="font-size: 14px; white-space: pre-line;"><br /></span></span></div><div><div><div><div><div><div><div><div><div><div><div><div><div><h2 style="text-align: justify;">Apply Now</h2><div style="text-align: justify;"><br /></div></div><div>Send your Resume / CV at <span face=""Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif" style="background-color: white; color: #050505; font-size: 15.75px;"><b><i>ishansinghi@yahoo.com</i></b> </span></div><div><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><p>#jobs #applynow #jobsforcainter<br /><br /><br /><b><i><u><span style="font-size: medium;">Search for more Jobs:</span></u></i></b></p><div><div class="separator" style="clear: both;"><div style="font-weight: 700;"><div style="background-color: white; color: #2d2d2d; font-family: "helvetica neue", helvetica, arial, sans-serif; font-size: 13.3333px; margin: 0px;"><div style="text-align: center;"><br /></div></div><div class="separator" style="background-color: white; background-position: 0px 0px; border: 0px none; clear: both; color: #2d2d2d; font-family: "helvetica neue", helvetica, arial, sans-serif; font-size: 13.3333px; outline: currentcolor none 0px; padding: 0px; text-align: center; vertical-align: baseline;"><br /></div><div class="separator" style="background-color: white; background-position: 0px 0px; border: 0px none; clear: both; color: #2d2d2d; font-family: "helvetica neue", helvetica, arial, sans-serif; font-size: 13.3333px; outline: currentcolor none 0px; padding: 0px; text-align: center; vertical-align: baseline;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://www.capassion.in/2018/12/jobs-by-location_12.html" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="360" data-original-width="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhcM51sjdMXpeee1LK3iwJt_vIkx8xFO_MtVL81cTsfECxyyHBJOw4kdhZ-_7VaEqKg8QHLv9uG10l8FtFj4HfUU7SxKmUL0TdpLiqBeEhQQXCln-QS7ooJ3x7Hv2vjiKLFE_Dx7XY26tU/s320/3.png" width="320" /></a></div><div style="text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://www.capassion.in/search/label/CA%20Inter%20Jobs" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="360" data-original-width="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-K_OkUriXSFJuAhscsXO1RgOgzRMycTYu1xIioJ3UtqVtR-T6G_u5Q00g1K9qWakYT6AQ3Y0TCYiiel-MQe7UYolc6Zz7etG5eF3ioYnrSdts8fgDu01D2eaMW4eiax9YGmMEvDJnVzU/s320/2.png" width="320" /></a></div><div style="text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://www.capassion.in/search/label/CA%20Jobs" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="360" data-original-width="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKZNrutRRLQaNJTVrL23FGYaBay3OkPeLhwc1TR0gmJ3CshQRxjHK9wmA11HW3Zc5TS8g1Egaz4KVMQ6-cqKDLk-xcNMbiYwkqPRJrsl7DDeoiTcQiAAt2c1GY5wJqME8g2-h60w-FdOU/s320/1.png" width="320" /></a></div><div><br /></div></div></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p> </p><p> </p> <p> </p><p> </p><p> </p></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div><span class="WbZuDe" face="arial, sans-serif" style="background-color: white; color: #202124; display: inline; font-size: 14px; white-space: pre-line;"><br /></span></div><div><span class="WbZuDe" face="arial, sans-serif" style="background-color: white; color: #202124; display: inline; font-size: 14px; white-space: pre-line;"><br /></span></div></div>CA Passionhttp://www.blogger.com/profile/13111220939539528613noreply@blogger.com0India20.593684 78.96288-7.7165498361788458 43.80663 48.903917836178849 114.11913tag:blogger.com,1999:blog-2818727552205728791.post-81171662050103125342023-05-12T18:31:00.002+05:302023-05-12T18:47:44.797+05:30Special All-India Drive against Fake GST Registrations<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWRUNNd87vV8yF6gAoIqWXSFjj4xFUKyyMledOXedsPS7Rlfxc6lVRN6_trW5JPkRWK5JE9XFmNma9j_S19GudWPgcQLliybCjJT9waEp_R7luQF8--N-A82eWGyKOiVhjnZtsWVbJVuRZMxnYiv9OzeR_LxBEUBFpJffSXNqoKGkD8b6LnNth88Le/s1280/INSTRUCTION%20NO.%2001-2023%20-%204-5-23.png" imageanchor="1" style="margin-left: 1em; 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<div class="mbtTOC2">
<button>Contents <span>[<a id="Tog" onclick="mbtToggle2()">hide</a>]</span></button>
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<h2 style="text-align: left;">
Guidelines for Special All-India Drive against Fake Registrations
</h2>
<br />The Central and State Tax administrations have decided to launch a Special
Drive on All-India basis to detect suspicious/ fake registrations and to conduct
requisite verification for timely remedial action to prevent any further revenue
loss to the Government. Accordingly, the following guidelines have been issued
by the CBIC:<br /><br />
<h2 style="text-align: left;">Period of special drive</h2>
<div>
16th May 2023 to 15th July 2023<br /><br />
<h2 style="text-align: left;">Identification of fraudulent GSTINs</h2>
</div>
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Based on detailed data analytics and risk parameters, GSTN will identify such
fraudulent GSTINs for State and Central Tax authorities and will share the
details of such identified suspicious GSTINs, jurisdiction wise, with the
concerned State/ Central Tax administration (through DGARM in case of Central
Tax authorities) for initiating verification drive and conducting necessary
action subsequently.
</div>
<div>
<br />This may also be supplemented by the officers with analytical tools like
BIFA (Business Intelligence & Fraud Analytics), ADVAIT (Advanced Analytics
in Indirect Taxation), NIC Prime, E-Way analytics, etc, as well as through
human intelligence, Aadhar database, other local learnings and the experience
gained through the past detections and modus operandi alerts.<br /><br />
<h2 style="text-align: left;">Information Sharing Mechanism</h2>
</div>
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<div>
A nodal officer shall be appointed immediately by each of the Zonal CGST Zone
and State to ensure seamless flow of data and for coordination with GSTN/
DGARM and other Tax administrations. The Nodal officer of the State/ CGST Zone
shall ensure that the data received from GSTN/ DGARM/ other tax
administrations is made available to the concerned jurisdictional formation
within two days positively.<br /><br />
<h2 style="text-align: left;">Action to be taken by field formations</h2>
<br />a. On receipt of data from GSTN/DGARM through the Nodal Officer, a time
bound exercise of verification of the suspicious GSTINs shall be undertaken by
the concerned jurisdictional tax officer(s). If, after detailed verification,
it is found that the taxpayer is non-existent and fictitious, then the tax
officer may immediately initiate action for suspension and cancellation of the
registration of the said taxpayer in accordance with the provisions of section
29 of CGST Act, read with the rules thereof.<br /><br />b. The matter may also
be examined for blocking of input tax credit in Electronic Credit Ledger as
per the provisions of Rule 86A of CGST Rules without any delay.<br /><br />c.
The details of the recipients to whom the input tax credit has been passed by
such non-existing taxpayer may be identified through the details furnished in
FORM GSTR-1 by the said taxpayer. Where the recipient GSTIN pertains to the
jurisdiction of the said tax authority itself, suitable action may be
initiated for demand and recovery of the input tax credit wrongly availed by
such recipient on the basis of invoice issued by the said non-existing
supplier, without underlying supply of goods or services or both. In cases,
where the recipient GSTIN pertains to a different tax jurisdiction, the
details of the case along with the relevant documents/ evidences, may be sent
to the concerned tax authority, as early as possible.<br /><br />d. Action may
also be taken to identify the masterminds/ beneficiaries behind such fake
GSTIN for further action, wherever required, and also for recovery of
Government dues and/ or provisional attachment of property/ bank accounts,
etc. as per provisions of section 83 of CGST Act. Further, during the
investigation/ verification, if any linked suspicious GSTIN is detected,
similar action may be taken/ initiated in respect of the same.
</div><div><br /></div><h2 style="text-align: left;">What Taxpayers can do?</h2><div><br /></div><h3 style="text-align: left;">If you have GST Number, then you just need to make sure that you have done all these things:</h3><div><br /></div><div><ul><li><span class="WdYUQQ" style="font-weight: 700; text-decoration-line: underline;">Sign Board:</span><span class="WdYUQQ"> Name, Address and GSTIN must be displayed on sign board</span></li><li><span class="WdYUQQ" style="font-weight: 700; text-decoration-line: underline;">GST RC:</span><span class="WdYUQQ"> You must have GST Registration Certificate displayed in your premises.</span></li><li><span class="WdYUQQ" style="font-weight: 700; text-decoration-line: underline;">Place of Business:</span><span class="WdYUQQ"> Address of business must be same as in your GST RC.</span></li><li><span class="WdYUQQ" style="font-weight: 700; text-decoration-line: underline;">Proof of Business:</span><span class="WdYUQQ white-space-prewrap" style="font-weight: 700; text-decoration-line: underline;"> </span><span class="WdYUQQ">You must have valid ownership of business place. If your place is rented then you must have valid Rent Agreement.</span></li><li><span class="WdYUQQ" style="font-weight: 700; text-decoration-line: underline;">Invoices:</span><span class="WdYUQQ"> You must have all relevant purchase, sales invoice on your premises.</span></li></ul></div>
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<script>mbtTOC2();</script><div class="separator" style="clear: both; text-align: center;"><br /></div><br />CA Passionhttp://www.blogger.com/profile/13111220939539528613noreply@blogger.com0India20.593684 78.96288-7.7165498361788458 43.80663 48.903917836178849 114.11913tag:blogger.com,1999:blog-2818727552205728791.post-15077571332708488332023-04-19T17:06:00.005+05:302023-04-19T17:06:41.615+05:30LINK GROUP IS HIRING CA / CPA / Inter CA<a
href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqhkn48Ro5XXPjaSoV1dsFVlsE3Xu0UeiLudeCG7iec2KCM1QgqbSsgqmIst4_lnlUOLfcPkjEo3EwOxqt4rf_yPVvAj323K6hMyKS8dIOkUaKzU4536ep_IKaL9DKYYk2X0VltQmKXAdjr5xXosY7KQl3eq7EjHii2HgLvPrpAa4JjrJnC3A_pA1P/s200/LINK%20GROUP.png"
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width="200" /></a
><br /><br />
<br /><br /><br />
<div class="mbtTOC2">
<button>Contents <span>[<a onclick="mbtToggle2()" id="Tog">hide</a>]</span></button>
<div id="mbtTOC2"></div>
</div>
<h2 style="text-align: left;">Overview</h2>
This role includes but is not limited to preparing and reviewing unit prices,
BAS/IAS calculations, Trust distributions and statutory accounts as per client
SLA’s. The Fund Accountant checker will report directly into the Account
Manager. The role covers a range accounting functions working on managed funds,
private equity funds and listed investment companies. <br />
<h2 style="text-align: left;">
Key Accountabilities and main responsibilities
</h2>
<h3 style="text-align: left;">Strategic Focus</h3>
<ul style="text-align: left;">
<li>
All round grasp of accounting standards and taxation affecting the managed
funds industry.
</li>
<li>
Should have an in-depth understanding of accounting principles and their
corresponding journals
</li>
<li>
Excellent problem-solving skills and can demonstrate the ability to use
previous industry experience to troubleshoot and implement practical
solutions.
</li>
<li>
Able to implement and complete project work both within teams and
autonomously.
</li>
<li>
Ability to research and analyse legislative requirements and changes, update
policy documents, checklists, templates, and procedures.
</li>
<li>Ability to research ad-hoc issues and provide solutions.</li>
<li>CA / CPA / Inter CA qualified would required.</li>
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<li>
Willingness to work in 4:30 am shift and as per Australia market
requirements.
</li>
<li>
Competent in Microsoft Office and ability to learn new software quickly
</li>
<li>Excellent written and verbal communication skills are a must.</li>
</ul>
<h3 style="text-align: left;">Operational Management</h3>
<ul style="text-align: left;">
<li>
3-5 years previous experience in an accounting role – fund accounting
experience is preferable.
</li>
<li>Oversight, review and preparation of daily NAV deliverables.</li>
<li>
Preparation and review of unit prices for managed investment funds, private
equity funds and listed investment companies.
</li>
<li>
Detailed review of distributable income calculations for managed investment
funds and liaising with external tax parties.
</li>
<li>Review of BAS’ for managed investment funds.</li>
<li>
Preparation and review of general and special purpose accounts for retail
and wholesale managed investment funds. \People Leadership
</li>
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<li>
Training, mentoring, and providing feedback to junior staff members and
makers.
</li>
<li>
Excellent interpersonal skills (e.g., liaison with clients, external service
providers and internal departments).
</li>
<li>Highly motivated, demonstrates initiative and can easily multi-task.</li>
<li>High attention to detail is a necessity.</li>
<li>
Hands on approach to all tasks, eager to take full responsibility and
ownership of assigned tasks.
</li>
<li>
Willing to assist and prepare work for other senior staff and review work of
junior staff.
</li>
<li>Governance & Risk</li>
<li>Liaising with external audit parties to answer audit queries.</li>
<li>Emphasis on client relationship management.</li>
<li>Problem solving and implementing practical solutions.</li>
<li>Ongoing monitoring and improvement of risk and compliance controls.</li>
<li>Experience & Personal Attributes</li>
<li>
Ability to understand local market and coordinate with clients, external
service providers and internal departments
</li>
</ul>
<br /><br /><br /><br /><br /><br /><br /><br />
<h2 style="text-align: left;">ABOUT LINK GROUP</h2>
Link Group is a leading fund administration and share registry specialist. We
are a market leading provider of technology-enabled administration solutions,
continually developing our offerings to expand with our clients' needs. Since
our inception, Link Group has been entrusted by clients to handle sensitive data
in a secure and confidential manner. Our core businesses of fund administration
and securities registration are complemented by our expertise in digital
solutions and data analytics.<br /><br /><br />
<h2 style="text-align: left;">ABOUT THE TEAM</h2>
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<br /><br />Our Corporate Markets division provides clients with a comprehensive
corporate market offering that connects issuers to their stakeholders. Our
uniquely integrated range of corporate markets capabilities includes shareholder
management and analytics, stakeholder engagement, share and unit registry, and
employee share plans. We also offer company secretarial support, as well as
various specialist offerings such as insolvency solutions. We operate in twelve
countries throughout Australasia, Asia, Africa, the Middle East, United Kingdom
and Europe.<br /><br />Our teams combine a wealth of industry experience with a
rigorous focus on client management to deliver a premium service underpinned by
market leading digital technology provided by our Technology division.<br /><br />Link
Group is building a dynamic, client focused, caring and inclusive culture that
is built on the foundations of an entrepreneurial spirit, effective risk
management, empathy and trust, and underpinned by its core values.<br /><br />We
are an inclusive employer whose people work collaboratively. We encourage,
support and value the various talents and perspectives of our people and promote
a flexible and blended work environment where our people can thrive and their
wellbeing is supported. We know that diversity drives better client outcomes,
continuous improvement, and growth. Be part of the Link Group journey and
together we will achieve our full potential. <br /><br />We treat all
individuals fairly and equitably and do not discriminate on the basis of diverse
characteristics including, but not limited to gender, gender identity, sexual
orientation, age, ethnicity, cultural background, physical
abilities/disabilities, religious or political belief, marital or family status
or carers responsibilities.<br /><br />Candidates must have the relevant work
rights to be considered for an opportunity at Link Group. Successful applicants
will be required to complete background screening prior to commencement of
employment.
<div><br /></div>
<div>
<div>
<div>
<div>
<div>
<div>
<div>
<h2>Location</h2>
<div><br /></div>
<div>MUMBAI, MAHARASHTRA, INDIA</div>
<div><br /></div>
<div>
<div>
<div>
<div>
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<script>mbtTOC2();</script>Gouravhttp://www.blogger.com/profile/06544440205800479983noreply@blogger.com0India20.593684 78.96288-7.7165498361788458 43.80663 48.903917836178849 114.11913tag:blogger.com,1999:blog-2818727552205728791.post-91057200440842829492023-04-19T16:42:00.005+05:302023-04-19T16:51:36.728+05:30TDS on withdrawal from EPF Scheme u/s 192A<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjL-JGl9f28paJvbQmVkt3u-MEMW7k2dAdeHnITLEcuGBWQwh3_U8AvAqBvClK2AmucZO87QPf47zo8jdjWICzYfkwS8lzqXozKgopi_g8gSX8OMAMrhZQjw8TGvIeuB047G6XTxyfVz23DseEw6colJ5gpcHsj96F2PIpWFZtagx1wYsW0eLKTPUvi/s1080/TDS%20on%20withdrawal%20from%20EPF%20Scheme%20us%20192A.png" style="margin-left: 1em; margin-right: 1em; text-align: center;"><img border="0" data-original-height="1080" data-original-width="1080" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjL-JGl9f28paJvbQmVkt3u-MEMW7k2dAdeHnITLEcuGBWQwh3_U8AvAqBvClK2AmucZO87QPf47zo8jdjWICzYfkwS8lzqXozKgopi_g8gSX8OMAMrhZQjw8TGvIeuB047G6XTxyfVz23DseEw6colJ5gpcHsj96F2PIpWFZtagx1wYsW0eLKTPUvi/s320/TDS%20on%20withdrawal%20from%20EPF%20Scheme%20us%20192A.png" width="320" /></a><br /><br />
<br /><br />
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<h2 style="text-align: left;">Introduction</h2>
<br />Withdrawal from Employees' Provident Fund Account is chargeable to tax in
certain circumstances. In such a situation, the tax shall be deducted at the
rate of 10% at the time of withdrawal of the accumulated balance. However, no
tax to be deducted if aggregate amount of withdrawal is less than Rs. 50,000.
<br /><br />
<h2 style="text-align: left;">Provisions for deduction of tax</h2>
<br />
<h3 style="text-align: left;">Deductor</h3>
<br />The trustee of the Employees' Provident Fund Scheme or any person
authorized under the scheme to make payment of accumulated balance lying in
provident fund is liable to deduct TDS in specified cases. <br /><br />
<h3 style="text-align: left;">Deductee</h3>
<br />Tax shall be deducted if amount payable to an employee, out of accumulated
balance of PF, is taxable in his hands. <br /><br />
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<h3 style="text-align: left;">When withdrawal from EPF is taxable?</h3>
<br />The contribution to EPF is believed to be an EEE investment – Exempt in
all stages from contribution, interest earning and withdrawal. However, any
withdrawal of amount from the accumulated balance of EPF, before completion of 5
years of continuous services, shall be charged to tax. In such situation, the
tax shall be deducted under this provision if amount is withdrawn from the EPF
account before completion of 5 years. Consequently, no taxes to be withheld if
employee has rendered continuous service of 5 years or more before withdrawing
the amount from EPF. <br /><br />Exception 1 – Withdrawal due to reasons beyond
control <br /><br />If the employee has not rendered continuous service for 5
years and his service has been terminated by reason of his ill-health or
discontinuance of employer's business or any other cause beyond the control of
employee, the amount withdrawn shall not be charged to tax. Consequently, no tax
shall be deducted at the time of withdrawal. <br /><br />Exception 2 – Transfer
of EPF balance <br /><br />No tax shall be deducted if, on change in employment,
employee transfers his PF balance to his individual account in any recognized PF
maintained with the current employer. <br /><br />Exception 3 – Investment in
notified pension schemes <br /><br />No tax to be deducted if entire balance
standing to the credit of the employee is transferred to notified pension
schemes as referred to in Section 80CCD. <br /><br />
<h3 style="text-align: left;">Threshold for deducting TDS</h3>
<br />TDS is not deductible if the aggregate amount of withdrawal is less than
Rs. 50,000. <br /><br />
<div>
<h3 style="text-align: left;">Rate of TDS</h3>
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<br />TDS is deductible at the rate of 10%. If recipient is non-resident, the
rate of 10% will be increased by Surcharge and Health and Education Cess.
<br /><br />If the deductee does not furnish his PAN to the deductor, the tax
shall be deducted at the rate prescribed under Section 206AA<a href="file:///C:/Users/GOURAV%20KAPOOR/Downloads/" javascript:void="">[2] </a>. <br /><br />The provisions of Section 206AB are not applicable if tax is
required to be deducted under this provision. Section 206AB provides for
deduction of tax at higher rate if the deductee has not furnished the return
of income for a specified period. <br /><br />
<h3 style="text-align: left;">Timing of deduction of TDS</h3>
<br />Tax shall be deductible only at the time of payment. <br /><br />
<h2 style="text-align: left;">Compliances</h2>
<h3 style="text-align: left;">Certificate for lower or nil deduction</h3>
<br />Where estimated tax liability of an assessee justifies nil deduction of
tax, he can file a self-declaration to the deductor for nil deduction of tax
under Section 197A. However, he does not have an option to apply for lower
deduction certificate before the assessing officer under section 197.
<br /><br />
<h3 style="text-align: left;">Deposit of TDS</h3>
<br />Tax deducted at source is required to be deposited to the credit of
Central Government through Challan ITNS 281 within 7 days from the end of the
month in which tax was deducted. However, the tax deducted during the month of
March shall be deposited by 30th April of the next financial year. If deductor
is a government office and tax is required to be deposited without submitting
an Income-tax Challan, the Govt. Dept. shall deposit the tax on the same day
on which tax has been deducted. <br /><br />
<h3 style="text-align: left;">Filing of TDS Statement</h3>
<br />The person responsible for deduction of tax at source is required to
file statement of tax deducted at source on quarterly basis in Form 26Q.
<br /><br />
<h3 style="text-align: left;">TDS Certificate</h3>
<br />The deductor shall issue TDS certificate to the assessee in Form 16A
These certificates are required to be issued within 15 days from due date of
furnishing of TDS Statement. <br /><br />
<h2 style="text-align: left;">Consequences of default</h2>
<br />
<h3 style="text-align: left;">Failure to deduct or deposit tax</h3>
<br />If any person, who is responsible for deduction of tax at source, fails
to deduct or after deduction fails to deposit the same to the credit of
Central Government, he shall be deemed to be an assessee-in-default. In such
case, he shall be liable for payment of interest under Section 201.
<br /><br />
<h3 style="text-align: left;">Penalty and Prosecution</h3>
<br />Any person who is deemed as an assessee-is-default shall be liable for
payment of penalty under Section 271C which shall not exceed the amount he
failed to deduct. Further, he shall be liable for prosecution under Section
276B for a term which shall not be less than 3 months but which may extend to
7 years. <br /><br />
<h3 style="text-align: left;">Failure to furnish TDS statement</h3>
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<br />Any person who is responsible for deduction of tax at source is required
to furnish a statement of tax deducted at source on quarterly basis, failing
which he shall be liable for payment of fee under Section 234E at the rate of
Rs. 200 per day during which such default continues. However, such fee shall
not exceed the amount of TDS. Further, he shall also be liable for payment of
penalty under Section 271H and Section 272A. <br /><br />
<h3 style="text-align: left;">Failure to issue TDS certificate</h3>
<br />If any person, who is responsible for issue of TDS certificate, fails to
issue such certificate, he shall be liable for payment of penalty under
Section 272A. <br />
<br /><br />
<h2 style="text-align: left;">Important Points</h2>
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1. For the purpose of calculating 5-year time-limit, service rendered with the
previous employer shall be included. <br /><br />2. Amendment made by the
Finance Act, 2023 with effect from 01-04-2023. Earlier, the tax was required
to be deducted at maximum marginal rate if deductee doesn't furnish his PAN.
</div>
<div><br /></div>
<div>
3. Tax on sum paid to crew members of foreign going ships is deductible
only on estimated income liable to tax in India
</div>
<div><br /></div>
Circular No. 586, dated 28-11-1990 <br /><br />Since, in the case of members of
crew of foreign-going Indian ships, who are not likely to be in India for a
period or periods exceeding 182 days in a year, income which accrues or arises
outside India and is also received outside India is not liable to tax in India,
the shipping companies and other persons responsible for paying salary to such
members of crew may take these factors into account while computing the amount
to be deducted as tax and deduct only so much of tax as would be chargeable on
the estimated income liable to tax in India. If the shipping company or other
person responsible for paying to such members of crew subsequently finds that
any person who was earlier considered as not likely to be resident in India, and
deduction of tax at source was made on that basis is now likely to be resident
in India, the shipping company or the other person responsible for making the
payment, may increase the deduction so as to adjust any deficiency arising out
of an earlier short deduction or non-deduction during the same financial year.
<script>mbtTOC2();</script><div class="separator" style="clear: both; text-align: center;"><br /></div><br />Gouravhttp://www.blogger.com/profile/06544440205800479983noreply@blogger.com0India20.593684 78.96288-7.7165498361788458 43.80663 48.903917836178849 114.11913tag:blogger.com,1999:blog-2818727552205728791.post-36762463537871326372023-04-05T12:19:00.002+05:302023-04-05T12:19:13.849+05:30SEC. 144C - REFERENCE TO DISPUTE RESOLUTION PANEL<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhl0hMIOxZrKzZJnptV0igaXEL9TZVBpzQyvEb4MeoK9bdEzT9CW08AooJsL-FVQcIN7IXDO1sbeiL1mLWS88dlXbtonNK6pu_2MKePKxixeFIFRSE8wBF5vRdejLQRJ0z951w2yNM74lxBF-aiJ0YFSrBEceQJf_2seBRT1tO4hLlod0pW53KB6JqP/s1080/144C.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1080" data-original-width="1080" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhl0hMIOxZrKzZJnptV0igaXEL9TZVBpzQyvEb4MeoK9bdEzT9CW08AooJsL-FVQcIN7IXDO1sbeiL1mLWS88dlXbtonNK6pu_2MKePKxixeFIFRSE8wBF5vRdejLQRJ0z951w2yNM74lxBF-aiJ0YFSrBEceQJf_2seBRT1tO4hLlod0pW53KB6JqP/s320/144C.png" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p></p><br /><br /><h2 style="text-align: left;">Reference to dispute resolution panel.</h2><br />144C. (1) The Assessing Officer shall, notwithstanding anything to the contrary contained in this Act, in the first instance, forward a draft of the proposed order of assessment (hereafter in this section referred to as the draft order) to the eligible assessee if he proposes to make, on or after the 1st day of October, 2009, any variation 88[***] which is prejudicial to the interest of such assessee.<br /><br />(2) On receipt of the draft order, the eligible assessee shall, within thirty days of the receipt by him of the draft order,—<br /><br />(a) file his acceptance of the variations to the Assessing Officer; or<br /><br />(b) file his objections, if any, to such variation with,—<br /><br /> (i) the Dispute Resolution Panel; and<br /><br />(ii) the Assessing Officer.<br /><br />(3) The Assessing Officer shall complete the assessment on the basis of the draft order, if—<br /><br />(a) the assessee intimates to the Assessing Officer the acceptance of the variation; or<br /><br />(b) no objections are received within the period specified in sub-section (2).<br /><br />(4) The Assessing Officer shall, notwithstanding anything contained in section 153 or section 153B, pass the assessment order under sub-section (3) within one month from the end of the month in which,—<br /><br />(a) the acceptance is received; or<br /><br />(b) the period of filing of objections under sub-section (2) expires.<br /><br />(5) The Dispute Resolution Panel shall, in a case where any objection is received under sub-section (2), issue such directions, as it thinks fit, for the guidance of the Assessing Officer to enable him to complete the assessment.<br /><br />(6) The Dispute Resolution Panel shall issue the directions referred to in sub-section (5), after considering the following, namely:—<br /><br />(a) draft order;<br /><br />(b) objections filed by the assessee;<br /><br />(c) evidence furnished by the assessee;<br /><br />(d) report, if any, of the Assessing Officer, Valuation Officer or Transfer Pricing Officer or any other authority;<br /><br />(e) records relating to the draft order;<br /><br />(f) evidence collected by, or caused to be collected by, it; and<br /><br />(g) result of any enquiry made by, or caused to be made by, it.<br /><br />(7) The Dispute Resolution Panel may, before issuing any directions referred to in sub-section (5),—<br /><br />(a) make such further enquiry, as it thinks fit; or<br /><br />(b) cause any further enquiry to be made by any income-tax authority and report the result of the same to it.<br /><br />(8) The Dispute Resolution Panel may confirm, reduce or enhance the variations proposed in the draft order so, however, that it shall not set aside any proposed variation or issue any direction under sub-section (5) for further enquiry and passing of the assessment order.<br /><br />Explanation.—For the removal of doubts, it is hereby declared that the power of the Dispute Resolution Panel to enhance the variation shall include and shall be deemed always to have included the power to consider any matter arising out of the assessment proceedings relating to the draft order, notwithstanding that such matter was raised or not by the eligible assessee.<br /><br />(9) If the members of the Dispute Resolution Panel differ in opinion on any point, the point shall be decided according to the opinion of the majority of the members.<br /><br />(10) Every direction issued by the Dispute Resolution Panel shall be binding on the Assessing Officer.<br /><br />(11) No direction under sub-section (5) shall be issued unless an opportunity of being heard is given to the assessee and the Assessing Officer on such directions which are prejudicial to the interest of the assessee or the interest of the revenue, respectively.<br /><br />(12) No direction under sub-section (5) shall be issued after nine months from the end of the month in which the draft order is forwarded to the eligible assessee.<br /><br />(13) Upon receipt of the directions issued under sub-section (5), the Assessing Officer shall, in conformity with the directions, complete, notwithstanding anything to the contrary contained in section 153 or section 153B, the assessment without providing any further opportunity of being heard to the assessee, within one month from the end of the month in which such direction is received.<br /><br />(14) The Board may make rules for the purposes of the efficient functioning of the Dispute Resolution Panel and expeditious disposal of the objections filed under sub-section (2) by the eligible assessee.<br /><br />(14A) The provisions of this section shall not apply to any assessment or reassessment order passed by the Assessing Officer with the prior approval of the Principal Commissioner or Commissioner as provided in sub-section (12) of section 144BA.<br /><br />89[(14B) The Central Government may make a scheme, by notification in the Official Gazette, for the purposes of issuance of directions by the dispute resolution panel, so as to impart greater efficiency, transparency and accountability by—<br /><br />(a) eliminating the interface between the dispute resolution panel and the eligible assessee or any other person to the extent technologically feasible;<br /><br />(b) optimising utilisation of the resources through economies of scale and functional specialisation;<br /><br />(c) introducing a mechanism with dynamic jurisdiction for issuance of directions by dispute resolution panel.<br /><br />(14C) The Central Government may, for the purpose of giving effect to the scheme made under sub-section (14B), by notification in the Official Gazette, direct that any of the provisions of this Act shall not apply or shall apply with such exceptions, modifications and adaptations as may be specified in the notification:<br /><br />Provided that no direction shall be issued after the 31st day of March, 90[2024].<br /><br />(14D) Every notification issued under sub-section (14B) and sub-section (14C) shall, as soon as may be after the notification is issued, be laid before each House of Parliament.]<br /><br />(15) For the purposes of this section,—<br /><br />(a) "Dispute Resolution Panel" means a collegium comprising of three Principal Commissioners or Commissioners of Income-tax constituted by the Board for this purpose;<br /><br />(b) "eligible assessee" means,—<br /><br />(i) any person in whose case the variation referred to in sub-section (1) arises as a consequence of the order of the Transfer Pricing Officer passed under sub-section (3) of section 92CA; and<br /><br />91[(ii) any non-resident not being a company, or any foreign company.]Gouravhttp://www.blogger.com/profile/06544440205800479983noreply@blogger.com0India20.593684 78.96288-7.7165498361788458 43.80663 48.903917836178849 114.11913tag:blogger.com,1999:blog-2818727552205728791.post-22983012141628317522023-04-05T11:07:00.001+05:302023-04-05T12:21:25.240+05:30SUPER BRANDS LTD. (UK) vs. ACIT (INTERNATIONAL TAXATION)<div class="separator" style="clear: both; text-align: center;"><br /></div><br /><h1 style="text-align: left;"><br /></h1><h1 style="text-align: left;">SUPER BRANDS LTD. (UK) vs. ACIT (INTERNATIONAL TAXATION)</h1><h2 style="text-align: left;">(2022) 66 CCH 0060 Delhi Tribunal</h2><p><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgNYhvaWbpFlOoaEf0zahANYg1Se3BlfpYB8bMLAKCRvlTPitU_sP5UqNEmX3wzCRvBiUDgMpQX8SmYwGm9Z81lTt_zSJrP3o2Mat64mcqduRvCxqTkcNSun0DqXhYgAxsd9can7fhAKa8lsBD9y_rfdDnoSLoG6Jqdu2C5MSO3eREiVAdulJR9_Zsu/s1080/CASE%20LAWS.png" style="margin-left: 1em; margin-right: 1em; text-align: center;"><img border="0" data-original-height="1080" data-original-width="1080" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgNYhvaWbpFlOoaEf0zahANYg1Se3BlfpYB8bMLAKCRvlTPitU_sP5UqNEmX3wzCRvBiUDgMpQX8SmYwGm9Z81lTt_zSJrP3o2Mat64mcqduRvCxqTkcNSun0DqXhYgAxsd9can7fhAKa8lsBD9y_rfdDnoSLoG6Jqdu2C5MSO3eREiVAdulJR9_Zsu/s320/CASE%20LAWS.png" width="320" /></a></p><h2 style="text-align: left;">Appeals</h2><p><br /></p><p>—Assumption of jurisdiction under <a href="https://www.capassion.in/2023/04/sec-144c-reference-to-dispute.html" target="_blank">section 114C</a>—</p><p>Issue arising for consideration is whether Assessing Officer erred in passing a draft assessment order without appreciating that there was no variation in income returned by appellant and, therefore impugned order passed by Assessing Officer is void ab initio and, therefore, is liable to be quashed</p><p><br /></p><p>—Held, Assessing Officer assumed jurisdiction over assessee on filing of return by assessee and accordingly, statutory notices were issued and served upon assessee</p><p><br /></p><p>—As per provisions of section <a href="https://www.capassion.in/2023/04/sec-144c-reference-to-dispute.html" target="_blank">144C</a> and 92B where assessee had entered into international transactions or it is a foreign company being an eligible assessee as defined in Section <a href="https://www.capassion.in/2023/04/sec-144c-reference-to-dispute.html" target="_blank">144C</a> in respect of his income/loss, Assessing Officer has made variation which is prejudicial to interest of such assessee, Assessing Officer is mandatorily required to pass proposed order of assessment, which is termed as 'Draft Assessment order'</p><p><br /></p><p>—In Assessment Years 2007-08, 2010-11 to 2015-16 Assessing Officer has only re-characterized income which was shown as royalty income by assessee and was taxed as 'business income' by Assessing Officer without there being any variation in income returned by assessee</p><p><br /></p><p>—Assessing Officer wrongly assumed jurisdiction u/s <a href="https://www.capassion.in/2023/04/sec-144c-reference-to-dispute.html" target="_blank">144C</a> when there is no variation in income returned by assessee</p><p><br /></p><p>—View is supported by decision of co-ordinate Mumbai Bench in case of Mousmi SA Investment LLC in ITA No. 7076/MUM/2018 wherein it was held that in instant case, assessee herein is an eligible assessee</p><p><br /></p><p>—However, there is no variation in income or loss returned, which is prejudicial to interests of assessee</p><p><br /></p><p>—Hence second condition prescribed in sec.<a href="https://www.capassion.in/2023/04/sec-144c-reference-to-dispute.html" target="_blank">144C(1)</a> was not satisfied</p><p><br /></p><p>—Hence approach of AO in adopting procedure prescribed in sec.<a href="https://www.capassion.in/2023/04/sec-144c-reference-to-dispute.html" target="_blank">144C</a> is not in accordance with mandate of law</p><p><br /></p><p>—In light of above discussion, Assessing Officer wrongly assumed jurisdiction u/s <a href="https://www.capassion.in/2023/04/sec-144c-reference-to-dispute.html" target="_blank">144C</a>, and therefore, final assessment order framed in Assessment Years 2007-08 and 2010-11 to 2015-16 are barred by limitation and accordingly, impugned assessment orders are liable to be quashed as void ab initio</p><p><br /></p><p>—Assessee’s ground allowed.</p><p><br /></p><h2 style="text-align: left;">Conclusion</h2><p>There is no variation in the income or loss returned, which is prejudicial to the interests of the assessee so the second condition prescribed in sec.<a href="https://www.capassion.in/2023/04/sec-144c-reference-to-dispute.html" target="_blank">144C(1)</a> was not satisfied hence the approach of the AO in adopting the procedure prescribed in sec.<a href="https://www.capassion.in/2023/04/sec-144c-reference-to-dispute.html" target="_blank">144C</a> is not in accordance with the mandate of law.</p><p><br /></p>Gouravhttp://www.blogger.com/profile/06544440205800479983noreply@blogger.com0India20.593684 78.96288-7.7165498361788458 43.80663 48.903917836178849 114.11913tag:blogger.com,1999:blog-2818727552205728791.post-59684955963674179482023-04-04T16:05:00.000+05:302023-04-04T16:05:04.180+05:30 Big Changes in GST from 01-04-2023 onwards<h1 style="text-align: left;">Changes in GST from 01-04-2023 onwards</h1><div><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOSXu6h6MHrz6EVxhNzCO7cViUsMtj1-xDMKf6EWYVZbA1e4l2D_q-nNnhenJFJMTTq7NgZc_XC8eEfyzr5Lgengb9avt1g9oLVQKXu06eFoHDK3EQr_gtrkpzyRlNXe8iQ70idolhc4uIiAeyJmHouByyFx07_z5tLTANKsYiHeZJMD_xeV-lr_Xh/s1920/GST%20UPDATES.png"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOSXu6h6MHrz6EVxhNzCO7cViUsMtj1-xDMKf6EWYVZbA1e4l2D_q-nNnhenJFJMTTq7NgZc_XC8eEfyzr5Lgengb9avt1g9oLVQKXu06eFoHDK3EQr_gtrkpzyRlNXe8iQ70idolhc4uIiAeyJmHouByyFx07_z5tLTANKsYiHeZJMD_xeV-lr_Xh/s320/GST%20UPDATES.png" /></a></div><p><br /></p><p>1. <a href="https://www.capassion.in/2023/04/extension-of-time-limit-for-application.html" target="_blank">GST registration cancelled on or before 31st December 2022 can now be revoked, by filling an application before 30th June 2023.</a></p><p><br /></p><p>2. <a href="https://www.capassion.in/2023/04/aadhaar-authenciation-date-is-date-of.html" target="_blank">Date of application for registration under GST will be the date of aadhaar authentication, also there will be biometric verification in certain cases</a></p><p><br /></p><p>3. <a href="https://www.capassion.in/2023/04/assessment-order-issued-utpo-28-02-23.html" target="_blank">Assessment Order issued u/s 62 utpo 28-02-23 will be withdrawn if valid return filed upto 30-06-2023 alongwith interest and late fee</a></p><p><br /></p><p>4. <a href="https://www.capassion.in/2023/04/rationalisation-of-late-fee-for-gstr-9.html" target="_blank">Late fee for filling of Annual return (GSTR 9) for FY 2017-18 to 2021-22 is capped at 20000/- if filed before 30/06/2023</a></p><p><br /></p><p>5. <a href="https://www.capassion.in/2023/04/late-fee-for-filling-of-final-return.html" target="_blank">Late fee for filling of Final Return GSTR 10 is capped at ₹1000/- if filled before 30/06/23.</a></p><p><br /></p><p>6. <a href="https://www.capassion.in/2023/04/late-fee-for-gstr-4-is-reduced-upto-30.html" target="_blank">Late fee for GSTR 4 (Annual Return for Composition dealers) for FY 2017-18 to 2021-22 is capped at 500/-, if filed before 30-06-2023. For Nil Return, Late fee is fully waived off.</a></p><p><br /></p><p>7. <a href="https://www.capassion.in/2023/04/extension-of-time-limit-for-issuance-of.html" target="_blank">Extension of time limit for issuance of order u/s 73(9)</a></p>Gouravhttp://www.blogger.com/profile/06544440205800479983noreply@blogger.com0India20.593684 78.96288-7.7165498361788458 43.80663 48.903917836178849 114.11913tag:blogger.com,1999:blog-2818727552205728791.post-27725890957327125232023-04-04T15:56:00.004+05:302023-04-04T16:12:59.236+05:30Extension of time limit for issuance of order u/s 73(9)<p> </p><br /><br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOSXu6h6MHrz6EVxhNzCO7cViUsMtj1-xDMKf6EWYVZbA1e4l2D_q-nNnhenJFJMTTq7NgZc_XC8eEfyzr5Lgengb9avt1g9oLVQKXu06eFoHDK3EQr_gtrkpzyRlNXe8iQ70idolhc4uIiAeyJmHouByyFx07_z5tLTANKsYiHeZJMD_xeV-lr_Xh/s1920/GST%20UPDATES.png"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOSXu6h6MHrz6EVxhNzCO7cViUsMtj1-xDMKf6EWYVZbA1e4l2D_q-nNnhenJFJMTTq7NgZc_XC8eEfyzr5Lgengb9avt1g9oLVQKXu06eFoHDK3EQr_gtrkpzyRlNXe8iQ70idolhc4uIiAeyJmHouByyFx07_z5tLTANKsYiHeZJMD_xeV-lr_Xh/s320/GST%20UPDATES.png" /></a><br /><br /><div>In exercise of the powers conferred by section 168A of the Central Goods and Services Tax Act,
2017 (12 of 2017) (hereinafter referred to as the said Act) read with section 20 of the Integrated Goods and Services
Tax Act, 2017 (13 of 2017), and section 21 of the Union territory Goods and Services Tax Act, 2017 (14 of 2017) and
in partial modification of the notifications of the Government of India, Ministry of Finance (Department of
Revenue), No. 35/2020-Central Tax, dated the 3
rd April, 2020 published in the Gazette of India, Extraordinary,
Part II, Section 3, Sub-section (i), vide number G.S.R. 235(E), dated the 3
rd April, 2020 and No. 14/2021-Central
Tax, dated the 1
st May, 2021 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide
number G.S.R. 310(E), dated the 1
st May, 2021 and No. 13/2022-Central Tax, dated the 5
th July, 2022, published in
the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 516(E), dated the 5
th July,
2022, the Government, on the recommendations of the Council, hereby, extends the time limit specified under subsection (10) of section 73 for issuance of order under sub-section (9) of section 73 of the said Act, for
recovery of tax not paid or short paid or of input tax credit wrongly availed or utilised, relating to the period as
specified below, namely:– </div><div><br /></div><div>(i) for the financial year 2017-18, up to the 31st day of December, 2023; </div><div><br /></div><div>(ii) for the financial year 2018-19, up to the 31st day of March, 2024; </div><div><br /></div><div>(iii) for the financial year 2019-20, up to the 30th day of June, 2024. <p></p></div><div><br /></div><div>Download original notification here:</div><div><a href="https://www.capassion.in/p/gst-notification-092023-central-tax.html" style="margin-left: 1em; margin-right: 1em; text-align: center;" target="_blank"><span> </span><img border="0" data-original-height="180" data-original-width="610" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr_RYtXr74bc56lgVob9YnkccorD8MMX5wdCDomKJVtiTvLrAr-MkESWG1QDOHMyEsWBX9dtL-W5mv8o4SouqgmWO6hipJI4qwlUq7buDwzYlxIgm5MasFdnK2qbv9WysxiwVVA03rFtg/w200-h58/download_pdf_icon.png" width="200" /></a></div><div><br /></div><div><a href="https://bit.ly/40GDrU6" target="_blank"><b>See other big changes in GST from 01-04-2023</b></a></div>Gouravhttp://www.blogger.com/profile/06544440205800479983noreply@blogger.com0India20.593684 78.96288-7.7165498361788458 43.80663 48.903917836178849 114.11913tag:blogger.com,1999:blog-2818727552205728791.post-71338884031751992882023-04-04T15:44:00.005+05:302023-04-04T16:13:13.894+05:30Late fee for filling of Final Return GSTR 10 is capped at ₹1000/- if filled before 30/06/23.<p> </p><br /><br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOSXu6h6MHrz6EVxhNzCO7cViUsMtj1-xDMKf6EWYVZbA1e4l2D_q-nNnhenJFJMTTq7NgZc_XC8eEfyzr5Lgengb9avt1g9oLVQKXu06eFoHDK3EQr_gtrkpzyRlNXe8iQ70idolhc4uIiAeyJmHouByyFx07_z5tLTANKsYiHeZJMD_xeV-lr_Xh/s1920/GST%20UPDATES.png"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOSXu6h6MHrz6EVxhNzCO7cViUsMtj1-xDMKf6EWYVZbA1e4l2D_q-nNnhenJFJMTTq7NgZc_XC8eEfyzr5Lgengb9avt1g9oLVQKXu06eFoHDK3EQr_gtrkpzyRlNXe8iQ70idolhc4uIiAeyJmHouByyFx07_z5tLTANKsYiHeZJMD_xeV-lr_Xh/s320/GST%20UPDATES.png" /></a><br /><br /><div>In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017
(12 of 2017), the Central Government, on the recommendations of the Council, hereby waives the amount of late fee
referred to in section 47 of the Act, which is in excess of five hundred rupees for the registered persons who fail to
furnish the final return in FORM GSTR-10 by the due date but furnish the said return between the period from the
1
st day of April, 2023 to the 30th day of June, 2023 <p></p></div><div><br /></div><div>Download original notification here:</div><div><a href="https://www.capassion.in/p/gst-notification-082023-central-tax.html" style="margin-left: 1em; margin-right: 1em; text-align: center;" target="_blank"><img border="0" data-original-height="180" data-original-width="610" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr_RYtXr74bc56lgVob9YnkccorD8MMX5wdCDomKJVtiTvLrAr-MkESWG1QDOHMyEsWBX9dtL-W5mv8o4SouqgmWO6hipJI4qwlUq7buDwzYlxIgm5MasFdnK2qbv9WysxiwVVA03rFtg/w200-h58/download_pdf_icon.png" width="200" /></a></div><div><br /></div><div><a href="https://bit.ly/40GDrU6" target="_blank"><b>See other big changes in GST from 01-04-2023</b></a></div>Gouravhttp://www.blogger.com/profile/06544440205800479983noreply@blogger.com0India20.593684 78.96288-7.7165498361788458 43.80663 48.903917836178849 114.11913tag:blogger.com,1999:blog-2818727552205728791.post-42564183406734295742023-04-04T15:40:00.002+05:302023-04-04T16:13:26.209+05:30Rationalisation of late fee for GSTR-9 and Amnesty to GSTR-9 non-filers<p> </p><br /><br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOSXu6h6MHrz6EVxhNzCO7cViUsMtj1-xDMKf6EWYVZbA1e4l2D_q-nNnhenJFJMTTq7NgZc_XC8eEfyzr5Lgengb9avt1g9oLVQKXu06eFoHDK3EQr_gtrkpzyRlNXe8iQ70idolhc4uIiAeyJmHouByyFx07_z5tLTANKsYiHeZJMD_xeV-lr_Xh/s1920/GST%20UPDATES.png"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOSXu6h6MHrz6EVxhNzCO7cViUsMtj1-xDMKf6EWYVZbA1e4l2D_q-nNnhenJFJMTTq7NgZc_XC8eEfyzr5Lgengb9avt1g9oLVQKXu06eFoHDK3EQr_gtrkpzyRlNXe8iQ70idolhc4uIiAeyJmHouByyFx07_z5tLTANKsYiHeZJMD_xeV-lr_Xh/s320/GST%20UPDATES.png" /></a><br /><br /><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 165.467px; position: absolute; top: 302.434px; transform-origin: 0px 0px; transform: scaleX(0.775923); white-space: pre;">In</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 179.867px; position: absolute; top: 302.434px; transform-origin: 0px 0px; transform: scaleX(0.799932); white-space: pre;">exercise</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 226.907px; position: absolute; top: 302.434px; transform-origin: 0px 0px; transform: scaleX(0.8565); white-space: pre;">of</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 241.307px; position: absolute; top: 302.434px; transform-origin: 0px 0px; transform: scaleX(0.755597); white-space: pre;">the</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 260.867px; position: absolute; top: 302.434px; transform-origin: 0px 0px; transform: scaleX(0.80851); white-space: pre;">powers</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 302.787px; position: absolute; top: 302.434px; transform-origin: 0px 0px; transform: scaleX(0.801837); white-space: pre;">conferred</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 357.187px; position: absolute; top: 302.434px; transform-origin: 0px 0px; transform: scaleX(0.814873); white-space: pre;">by</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 373.827px; position: absolute; top: 302.434px; transform-origin: 0px 0px; transform: scaleX(0.799798); white-space: pre;">section</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 414.787px; position: absolute; top: 302.434px; transform-origin: 0px 0px; transform: scaleX(0.795959); white-space: pre;">128</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 438.173px; position: absolute; top: 302.434px; transform-origin: 0px 0px; transform: scaleX(0.88164); white-space: pre;">of</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 452.733px; position: absolute; top: 302.434px; transform-origin: 0px 0px; transform: scaleX(0.755597); white-space: pre;">the</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 472.253px; position: absolute; top: 302.434px; transform-origin: 0px 0px; transform: scaleX(0.818036); white-space: pre;">Central</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 514.813px; position: absolute; top: 302.434px; transform-origin: 0px 0px; transform: scaleX(0.838414); white-space: pre;">Goods</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 553.053px; position: absolute; top: 302.434px; transform-origin: 0px 0px; transform: scaleX(0.775677); white-space: pre;">and</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 575.453px; position: absolute; top: 302.434px; transform-origin: 0px 0px; transform: scaleX(0.806659); white-space: pre;">Services</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 623.973px; position: absolute; top: 302.434px; transform-origin: 0px 0px; transform: scaleX(0.920537); white-space: pre;">Tax</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 648.133px; position: absolute; top: 302.434px; transform-origin: 0px 0px; transform: scaleX(0.863228); white-space: pre;">Act,</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 674.053px; position: absolute; top: 302.434px; transform-origin: 0px 0px; transform: scaleX(0.788057); white-space: pre;">2017</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 703.973px; position: absolute; top: 302.434px; transform-origin: 0px 0px; transform: scaleX(0.770754); white-space: pre;">(12</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 94.592px; position: absolute; top: 320.034px; transform-origin: 0px 0px; transform: scaleX(0.88164); white-space: pre;">of</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 109.952px; position: absolute; top: 320.034px; transform-origin: 0px 0px; transform: scaleX(0.781431); white-space: pre;">2017)</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 145.307px; position: absolute; top: 320.034px; transform-origin: 0px 0px; transform: scaleX(0.781815); white-space: pre;">(hereinafter</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 211.707px; position: absolute; top: 320.034px; transform-origin: 0px 0px; transform: scaleX(0.783772); white-space: pre;">referred</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 257.947px; position: absolute; top: 320.034px; transform-origin: 0px 0px; transform: scaleX(0.77546); white-space: pre;">to</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 272.547px; position: absolute; top: 320.034px; transform-origin: 0px 0px; transform: scaleX(0.745889); white-space: pre;">as</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 287.747px; position: absolute; top: 320.034px; transform-origin: 0px 0px; transform: scaleX(0.755597); white-space: pre;">the</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 308.227px; position: absolute; top: 320.034px; transform-origin: 0px 0px; transform: scaleX(0.796418); white-space: pre;">said</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 333.827px; position: absolute; top: 320.034px; transform-origin: 0px 0px; transform: scaleX(0.840885); white-space: pre;">Act),</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 365.027px; position: absolute; top: 320.034px; transform-origin: 0px 0px; transform: scaleX(0.755597); white-space: pre;">the</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 385.667px; position: absolute; top: 320.034px; transform-origin: 0px 0px; transform: scaleX(0.818036); white-space: pre;">Central</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 429.027px; position: absolute; top: 320.034px; transform-origin: 0px 0px; transform: scaleX(0.803528); white-space: pre;">Government,</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 503.453px; position: absolute; top: 320.034px; transform-origin: 0px 0px; transform: scaleX(0.796899); white-space: pre;">on</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 520.893px; position: absolute; top: 320.034px; transform-origin: 0px 0px; transform: scaleX(0.755597); white-space: pre;">the</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 541.373px; position: absolute; top: 320.034px; transform-origin: 0px 0px; transform: scaleX(0.795362); white-space: pre;">recommendations</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 640.453px; position: absolute; top: 320.034px; transform-origin: 0px 0px; transform: scaleX(0.88164); white-space: pre;">of</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 655.813px; position: absolute; top: 320.034px; transform-origin: 0px 0px; transform: scaleX(0.755597); white-space: pre;">the</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 676.293px; position: absolute; top: 320.034px; transform-origin: 0px 0px; transform: scaleX(0.853064); white-space: pre;">Council,</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 94.592px; position: absolute; top: 337.674px; transform-origin: 0px 0px; transform: scaleX(0.790558); white-space: pre;">hereby</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 134.907px; position: absolute; top: 337.674px; transform-origin: 0px 0px; transform: scaleX(0.822866); white-space: pre;">waives</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 175.707px; position: absolute; top: 337.674px; transform-origin: 0px 0px; transform: scaleX(0.755597); white-space: pre;">the</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 195.867px; position: absolute; top: 337.674px; transform-origin: 0px 0px; transform: scaleX(0.780762); white-space: pre;">amount</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 239.547px; position: absolute; top: 337.674px; transform-origin: 0px 0px; transform: scaleX(0.88164); white-space: pre;">of</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 254.587px; position: absolute; top: 337.674px; transform-origin: 0px 0px; transform: scaleX(0.767398); white-space: pre;">late</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 277.507px; position: absolute; top: 337.674px; transform-origin: 0px 0px; transform: scaleX(0.793276); white-space: pre;">fee</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 297.667px; position: absolute; top: 337.674px; transform-origin: 0px 0px; transform: scaleX(0.784267); white-space: pre;">referred</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 343.747px; position: absolute; top: 337.674px; transform-origin: 0px 0px; transform: scaleX(0.77546); white-space: pre;">to</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 357.987px; position: absolute; top: 337.674px; transform-origin: 0px 0px; transform: scaleX(0.855594); white-space: pre;">in</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 372.227px; position: absolute; top: 337.674px; transform-origin: 0px 0px; transform: scaleX(0.799798); white-space: pre;">section</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 413.667px; position: absolute; top: 337.674px; transform-origin: 0px 0px; transform: scaleX(0.777008); white-space: pre;">47</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 430.787px; position: absolute; top: 337.674px; transform-origin: 0px 0px; transform: scaleX(0.88164); white-space: pre;">of</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 445.853px; position: absolute; top: 337.674px; transform-origin: 0px 0px; transform: scaleX(0.755597); white-space: pre;">the</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 466.013px; position: absolute; top: 337.674px; transform-origin: 0px 0px; transform: scaleX(0.796418); white-space: pre;">said</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 491.293px; position: absolute; top: 337.674px; transform-origin: 0px 0px; transform: scaleX(0.904946); white-space: pre;">Act</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 514.333px; position: absolute; top: 337.674px; transform-origin: 0px 0px; transform: scaleX(0.855594); white-space: pre;">in</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 528.413px; position: absolute; top: 337.674px; transform-origin: 0px 0px; transform: scaleX(0.77259); white-space: pre;">respect</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 570.013px; position: absolute; top: 337.674px; transform-origin: 0px 0px; transform: scaleX(0.88164); white-space: pre;">of</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 584.893px; position: absolute; top: 337.674px; transform-origin: 0px 0px; transform: scaleX(0.755597); white-space: pre;">the</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 605.053px; position: absolute; top: 337.674px; transform-origin: 0px 0px; transform: scaleX(0.771981); white-space: pre;">return</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 640.773px; position: absolute; top: 337.674px; transform-origin: 0px 0px; transform: scaleX(0.77546); white-space: pre;">to</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 655.013px; position: absolute; top: 337.674px; transform-origin: 0px 0px; transform: scaleX(0.784451); white-space: pre;">be</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 671.333px; position: absolute; top: 337.674px; transform-origin: 0px 0px; transform: scaleX(0.806666); white-space: pre;">furnished</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 94.592px; position: absolute; top: 355.434px; transform-origin: 0px 0px; transform: scaleX(0.787323); white-space: pre;">under</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 128.672px; position: absolute; top: 355.434px; transform-origin: 0px 0px; transform: scaleX(0.799798); white-space: pre;">section</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 170.107px; position: absolute; top: 355.434px; transform-origin: 0px 0px; transform: scaleX(0.777008); white-space: pre;">44</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 186.907px; position: absolute; top: 355.434px; transform-origin: 0px 0px; transform: scaleX(0.88164); white-space: pre;">of</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 201.787px; position: absolute; top: 355.434px; transform-origin: 0px 0px; transform: scaleX(0.748202); white-space: pre;">the</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 221.627px; position: absolute; top: 355.434px; transform-origin: 0px 0px; transform: scaleX(0.796418); white-space: pre;">said</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 246.747px; position: absolute; top: 355.434px; transform-origin: 0px 0px; transform: scaleX(0.896392); white-space: pre;">Act</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 269.507px; position: absolute; top: 355.434px; transform-origin: 0px 0px; transform: scaleX(0.847498); white-space: pre;">for</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 288.707px; position: absolute; top: 355.434px; transform-origin: 0px 0px; transform: scaleX(0.755597); white-space: pre;">the</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 308.547px; position: absolute; top: 355.434px; transform-origin: 0px 0px; transform: scaleX(0.843945); white-space: pre;">financial</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 358.787px; position: absolute; top: 355.434px; transform-origin: 0px 0px; transform: scaleX(0.783753); white-space: pre;">year</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 385.347px; position: absolute; top: 355.434px; transform-origin: 0px 0px; transform: scaleX(0.788057); white-space: pre;">2022</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 412.067px; position: absolute; top: 355.434px; transform-origin: 0px 0px; white-space: pre;">-</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 416.387px; position: absolute; top: 355.434px; transform-origin: 0px 0px; transform: scaleX(0.795959); white-space: pre;">23</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 433.507px; position: absolute; top: 355.434px; transform-origin: 0px 0px; transform: scaleX(0.796093); white-space: pre;">onwards,</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 485.693px; position: absolute; top: 355.434px; transform-origin: 0px 0px; transform: scaleX(0.846706); white-space: pre;">which</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 521.853px; position: absolute; top: 355.434px; transform-origin: 0px 0px; transform: scaleX(0.83632); white-space: pre;">is</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 534.333px; position: absolute; top: 355.434px; transform-origin: 0px 0px; transform: scaleX(0.855594); white-space: pre;">in</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 548.253px; position: absolute; top: 355.434px; transform-origin: 0px 0px; transform: scaleX(0.780476); white-space: pre;">excess</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 586.493px; position: absolute; top: 355.434px; transform-origin: 0px 0px; transform: scaleX(0.88164); white-space: pre;">of</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 601.373px; position: absolute; top: 355.434px; transform-origin: 0px 0px; transform: scaleX(0.783887); white-space: pre;">amount</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 644.933px; position: absolute; top: 355.434px; transform-origin: 0px 0px; transform: scaleX(0.745889); white-space: pre;">as</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 659.653px; position: absolute; top: 355.434px; transform-origin: 0px 0px; transform: scaleX(0.825822); white-space: pre;">specified</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 711.493px; position: absolute; top: 355.434px; transform-origin: 0px 0px; transform: scaleX(0.829007); white-space: pre;">in</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 94.592px; position: absolute; top: 373.034px; transform-origin: 0px 0px; transform: scaleX(0.846546); white-space: pre;">Column</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 141.147px; position: absolute; top: 373.034px; transform-origin: 0px 0px; transform: scaleX(0.753266); white-space: pre;">(3)</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 160.027px; position: absolute; top: 373.034px; transform-origin: 0px 0px; transform: scaleX(0.88164); white-space: pre;">of</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 174.587px; position: absolute; top: 373.034px; transform-origin: 0px 0px; transform: scaleX(0.755597); white-space: pre;">the</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 194.267px; position: absolute; top: 373.034px; transform-origin: 0px 0px; transform: scaleX(0.881682); white-space: pre;">Table</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 228.027px; position: absolute; top: 373.034px; transform-origin: 0px 0px; transform: scaleX(0.829422); white-space: pre;">below,</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 267.427px; position: absolute; top: 373.034px; transform-origin: 0px 0px; transform: scaleX(0.847498); white-space: pre;">for</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 286.467px; position: absolute; top: 373.034px; transform-origin: 0px 0px; transform: scaleX(0.755597); white-space: pre;">the</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 306.147px; position: absolute; top: 373.034px; transform-origin: 0px 0px; transform: scaleX(0.780097); white-space: pre;">classes</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 346.467px; position: absolute; top: 373.034px; transform-origin: 0px 0px; transform: scaleX(0.88164); white-space: pre;">of</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 361.027px; position: absolute; top: 373.034px; transform-origin: 0px 0px; transform: scaleX(0.778737); white-space: pre;">registered</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 417.027px; position: absolute; top: 373.034px; transform-origin: 0px 0px; transform: scaleX(0.782228); white-space: pre;">persons</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 461.213px; position: absolute; top: 373.034px; transform-origin: 0px 0px; transform: scaleX(0.793901); white-space: pre;">mentioned</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 521.053px; position: absolute; top: 373.034px; transform-origin: 0px 0px; transform: scaleX(0.829007); white-space: pre;">in</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 534.813px; position: absolute; top: 373.034px; transform-origin: 0px 0px; transform: scaleX(0.755597); white-space: pre;">the</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 554.493px; position: absolute; top: 373.034px; transform-origin: 0px 0px; transform: scaleX(0.805988); white-space: pre;">corresponding</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 634.213px; position: absolute; top: 373.034px; transform-origin: 0px 0px; transform: scaleX(0.777324); white-space: pre;">entry</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 665.093px; position: absolute; top: 373.034px; transform-origin: 0px 0px; transform: scaleX(0.829007); white-space: pre;">in</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 678.853px; position: absolute; top: 373.034px; transform-origin: 0px 0px; transform: scaleX(0.843664); white-space: pre;">Column</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 94.592px; position: absolute; top: 390.634px; transform-origin: 0px 0px; transform: scaleX(0.760391); white-space: pre;">(2)</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 113.632px; position: absolute; top: 390.634px; transform-origin: 0px 0px; transform: scaleX(0.8565); white-space: pre;">of</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 128.032px; position: absolute; top: 390.634px; transform-origin: 0px 0px; transform: scaleX(0.755597); white-space: pre;">the</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 147.707px; position: absolute; top: 390.634px; transform-origin: 0px 0px; transform: scaleX(0.877054); white-space: pre;">Table</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 181.307px; position: absolute; top: 390.634px; transform-origin: 0px 0px; transform: scaleX(0.832809); white-space: pre;">below,</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 220.667px; position: absolute; top: 390.634px; transform-origin: 0px 0px; transform: scaleX(0.834263); white-space: pre;">who</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 246.907px; position: absolute; top: 390.634px; transform-origin: 0px 0px; transform: scaleX(0.848183); white-space: pre;">fails</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 273.027px; position: absolute; top: 390.634px; transform-origin: 0px 0px; transform: scaleX(0.77546); white-space: pre;">to</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 286.787px; position: absolute; top: 390.634px; transform-origin: 0px 0px; transform: scaleX(0.819373); white-space: pre;">furnish</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 328.067px; position: absolute; top: 390.634px; transform-origin: 0px 0px; transform: scaleX(0.755597); white-space: pre;">the</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 347.747px; position: absolute; top: 390.634px; transform-origin: 0px 0px; transform: scaleX(0.768121); white-space: pre;">return</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 382.787px; position: absolute; top: 390.634px; transform-origin: 0px 0px; transform: scaleX(0.834747); white-space: pre;">by</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 399.587px; position: absolute; top: 390.634px; transform-origin: 0px 0px; transform: scaleX(0.755597); white-space: pre;">the</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 418.947px; position: absolute; top: 390.634px; transform-origin: 0px 0px; transform: scaleX(0.789643); white-space: pre;">due</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 441.693px; position: absolute; top: 390.634px; transform-origin: 0px 0px; transform: scaleX(0.745398); white-space: pre;">date,</span><span color="transparent" face="sans-serif" style="background-color: white; box-sizing: border-box; cursor: text; font-size: 13.28px; left: 470.493px; position: absolute; top: 390.634px; transform-origin: 0px 0px; transform: scaleX(0.785771); white-space: pre;">namely:</span><div><span color="transparent" face="sans-serif" style="background-color: white; font-size: 13.28px; white-space: pre;">—</span></div><div>In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12
of 2017) (hereinafter referred to as the said Act), the Central Government, on the recommendations of the Council,
hereby waives the amount of late fee referred to in section 47 of the said Act in respect of the return to be furnished
under section 44 of the said Act for the financial year 2022-23 onwards, which is in excess of amount as specified in
Column (3) of the Table below, for the classes of registered persons mentioned in the corresponding entry in Column
(2) of the Table below, who fails to furnish the return by the due date, namely:—</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiDVYuRkIFuxzxizi_CNRpAzkVFG7lrTopJSQrXPUCe-JlfueGCh5K87iuGk2l3X-cRMexZ7sxP_IkLm3zmUD1xEd3GYrOMNd5llY1x9rEx67St_gzfhyYEKHfk-1gCsHa36oew7ONmsLvjOdyBqqUeVi6A0JWaM6SYSV1YEdqFYpPY2tuoSiVv7IR/s1126/Screenshot%202023-04-04%20153852.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="462" data-original-width="1126" height="262" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiDVYuRkIFuxzxizi_CNRpAzkVFG7lrTopJSQrXPUCe-JlfueGCh5K87iuGk2l3X-cRMexZ7sxP_IkLm3zmUD1xEd3GYrOMNd5llY1x9rEx67St_gzfhyYEKHfk-1gCsHa36oew7ONmsLvjOdyBqqUeVi6A0JWaM6SYSV1YEdqFYpPY2tuoSiVv7IR/w640-h262/Screenshot%202023-04-04%20153852.png" width="640" /></a></div><br /><div><br /></div><div><br /></div><div>Provided that for the registered persons who fail to furnish the return under section 44 of the said Act by the
due date for any of the financial years 2017-18, 2018-19, 2019-20, 2020-21 or 2021-22, but furnish the said return
between the period from the 1st day of April, 2023 to the 30th day of June, 2023, the total amount of late fee under
section 47 of the said Act payable in respect of the said return, shall stand waived which is in excess of ten thousand
rupees.
<p></p></div><div><br /></div><div>Download original notification here:</div><div><a href="https://www.capassion.in/p/gst-notification-072023-central-tax.html" style="margin-left: 1em; margin-right: 1em; text-align: center;" target="_blank"><img border="0" data-original-height="180" data-original-width="610" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr_RYtXr74bc56lgVob9YnkccorD8MMX5wdCDomKJVtiTvLrAr-MkESWG1QDOHMyEsWBX9dtL-W5mv8o4SouqgmWO6hipJI4qwlUq7buDwzYlxIgm5MasFdnK2qbv9WysxiwVVA03rFtg/w200-h58/download_pdf_icon.png" width="200" /></a></div><div><br /></div><div><a href="https://bit.ly/40GDrU6" target="_blank"><b>See other big changes in GST from 01-04-2023</b></a></div>Gouravhttp://www.blogger.com/profile/06544440205800479983noreply@blogger.com0India20.593684 78.96288-7.7165498361788458 43.80663 48.903917836178849 114.11913tag:blogger.com,1999:blog-2818727552205728791.post-61127811802961718622023-04-04T15:21:00.002+05:302023-04-04T16:13:39.708+05:30Assessment Order issued utpo 28-02-23 will be withdrawn if valid return filed upto 30-06-2023<p> </p><br /><br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOSXu6h6MHrz6EVxhNzCO7cViUsMtj1-xDMKf6EWYVZbA1e4l2D_q-nNnhenJFJMTTq7NgZc_XC8eEfyzr5Lgengb9avt1g9oLVQKXu06eFoHDK3EQr_gtrkpzyRlNXe8iQ70idolhc4uIiAeyJmHouByyFx07_z5tLTANKsYiHeZJMD_xeV-lr_Xh/s1920/GST%20UPDATES.png"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOSXu6h6MHrz6EVxhNzCO7cViUsMtj1-xDMKf6EWYVZbA1e4l2D_q-nNnhenJFJMTTq7NgZc_XC8eEfyzr5Lgengb9avt1g9oLVQKXu06eFoHDK3EQr_gtrkpzyRlNXe8iQ70idolhc4uIiAeyJmHouByyFx07_z5tLTANKsYiHeZJMD_xeV-lr_Xh/s320/GST%20UPDATES.png" /></a><br /><br /><div>In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017
(12 of 2017) (hereinafter referred to as the said Act), the Central Government, on the recommendations of the Council, </div><div><br /></div><div>hereby notifies that the registered persons who failed to furnish a valid return within a period of thirty days from the
service of the assessment order issued on or before the 28th day of February, 2023 under sub-section (1) of section 62
of the said Act, as the classes of registered persons, in respect of whom said assessment order shall be deemed to have
been withdrawn, if such registered persons follow the special procedures as specified below, namely,- </div><div><br /></div><div>(i) the registered persons shall furnish the said return on or before the 30th day of June 2023; </div><div><br /></div><div><br /></div><div>(ii) the return shall be accompanied by payment of interest due under sub-section (1) of section 50 of the said
Act and the late fee payable under section 47 of the said Act,
irrespective of whether or not an appeal had been filed against such assessment order under section 107 of the said Act
or whether or not the appeal, if any, filed against the said assessment order has been decided. <p></p></div><div><br /></div><div>Download original notification here:</div><div><a href="https://www.capassion.in/p/gst-notification-062023-central-tax.html" style="margin-left: 1em; margin-right: 1em; text-align: center;" target="_blank"><img border="0" data-original-height="180" data-original-width="610" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr_RYtXr74bc56lgVob9YnkccorD8MMX5wdCDomKJVtiTvLrAr-MkESWG1QDOHMyEsWBX9dtL-W5mv8o4SouqgmWO6hipJI4qwlUq7buDwzYlxIgm5MasFdnK2qbv9WysxiwVVA03rFtg/w200-h58/download_pdf_icon.png" width="200" /></a></div><div><br /></div><div><a href="https://bit.ly/40GDrU6" target="_blank"><b>See other big changes in GST from 01-04-2023</b></a></div>Gouravhttp://www.blogger.com/profile/06544440205800479983noreply@blogger.com0India20.593684 78.96288-7.7165498361788458 43.80663 48.903917836178849 114.11913tag:blogger.com,1999:blog-2818727552205728791.post-40996071616195925222023-04-04T14:50:00.004+05:302023-04-04T16:13:52.032+05:30Aadhaar Authenciation date is the date of application for registration <p><br /></p><br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOSXu6h6MHrz6EVxhNzCO7cViUsMtj1-xDMKf6EWYVZbA1e4l2D_q-nNnhenJFJMTTq7NgZc_XC8eEfyzr5Lgengb9avt1g9oLVQKXu06eFoHDK3EQr_gtrkpzyRlNXe8iQ70idolhc4uIiAeyJmHouByyFx07_z5tLTANKsYiHeZJMD_xeV-lr_Xh/s1920/GST%20UPDATES.png"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOSXu6h6MHrz6EVxhNzCO7cViUsMtj1-xDMKf6EWYVZbA1e4l2D_q-nNnhenJFJMTTq7NgZc_XC8eEfyzr5Lgengb9avt1g9oLVQKXu06eFoHDK3EQr_gtrkpzyRlNXe8iQ70idolhc4uIiAeyJmHouByyFx07_z5tLTANKsYiHeZJMD_xeV-lr_Xh/s320/GST%20UPDATES.png" /></a><br /><br /><div><br /></div><div>In the Central Goods and Services Tax Rules, 2017 in rule 8,- </div><div><br /></div><div>(i) for sub-rule (4A), the following sub-rule shall be substituted, namely:- </div><div><br /></div><div>“(4A) Where an applicant, other than a person notified under sub-section (6D) of section 25, opts for
authentication of Aadhaar number, he shall, while submitting the application under sub-rule (4), undergo
authentication of Aadhaar number and the date of submission of the application in such cases shall be the
date of authentication of the Aadhaar number, or fifteen days from the submission of the application in
Part B of FORM GST REG-01 under sub-rule (4), whichever is earlier. </div><div><br /></div><div>Provided that every application made under sub-rule (4) by a person, other than a person notified under
sub-section (6D) of section 25, who has opted for authentication of Aadhaar number and is identified on
the common portal, based on data analysis and risk parameters, shall be followed by biometric-based
Aadhaar authentication and taking photograph of the applicant where the applicant is an individual or of
such individuals in relation to the applicant as notified under sub-section (6C) of section 25 where the
applicant is not an individual, along with the verification of the original copy of the documents uploaded
with the application in FORM GST REG-01 at one of the Facilitation Centres notified by the
Commissioner for the purpose of this sub-rule and the application shall be deemed to be complete only
after completion of the process laid down under this proviso.”; </div><div><br /></div><div>(ii) in sub-rule (4B), for and words, “provisions of”, the words “proviso to”, shall be substituted.</div><div><br /></div><div>Download original notification here:</div><div><a href="https://www.capassion.in/p/gst-notification-042023-central-tax.html" style="margin-left: 1em; margin-right: 1em; text-align: center;" target="_blank"><img border="0" data-original-height="180" data-original-width="610" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr_RYtXr74bc56lgVob9YnkccorD8MMX5wdCDomKJVtiTvLrAr-MkESWG1QDOHMyEsWBX9dtL-W5mv8o4SouqgmWO6hipJI4qwlUq7buDwzYlxIgm5MasFdnK2qbv9WysxiwVVA03rFtg/w200-h58/download_pdf_icon.png" width="200" /></a></div><div><br /></div><div><a href="https://bit.ly/40GDrU6" target="_blank"><b>See other big changes in GST from 01-04-2023</b></a></div>Gouravhttp://www.blogger.com/profile/06544440205800479983noreply@blogger.com0India20.593684 78.96288-7.7165498361788458 43.80663 48.903917836178849 114.11913tag:blogger.com,1999:blog-2818727552205728791.post-57930393707828389362023-04-04T14:40:00.003+05:302023-04-04T16:14:32.892+05:30Late fee for GSTR 4 is reduced upto 30-06-2023<p> </p><p><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOSXu6h6MHrz6EVxhNzCO7cViUsMtj1-xDMKf6EWYVZbA1e4l2D_q-nNnhenJFJMTTq7NgZc_XC8eEfyzr5Lgengb9avt1g9oLVQKXu06eFoHDK3EQr_gtrkpzyRlNXe8iQ70idolhc4uIiAeyJmHouByyFx07_z5tLTANKsYiHeZJMD_xeV-lr_Xh/s1920/GST%20UPDATES.png"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOSXu6h6MHrz6EVxhNzCO7cViUsMtj1-xDMKf6EWYVZbA1e4l2D_q-nNnhenJFJMTTq7NgZc_XC8eEfyzr5Lgengb9avt1g9oLVQKXu06eFoHDK3EQr_gtrkpzyRlNXe8iQ70idolhc4uIiAeyJmHouByyFx07_z5tLTANKsYiHeZJMD_xeV-lr_Xh/s320/GST%20UPDATES.png" /></a></p><p>The amount of late fee payable under section 47 of the said Act shall stand waived which
is in excess of two hundred and fifty rupees and shall stand fully waived where the total amount of central tax payable
in the said return is nil, for the registered persons who fail to furnish the return in FORM GSTR-4 for the quarters
from July, 2017 to March 2019 or for the Financial years from 2019-20 to 2021-22 by the due date but furnish the said
return between the period from the 1
st day of April, 2023 to the 30
th day of June, 2023.”</p><p>Download original notification here:</p><p><a href="https://www.capassion.in/p/gst-notification-022023-central-tax.html" style="margin-left: 1em; margin-right: 1em; text-align: center;" target="_blank"><img border="0" data-original-height="180" data-original-width="610" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr_RYtXr74bc56lgVob9YnkccorD8MMX5wdCDomKJVtiTvLrAr-MkESWG1QDOHMyEsWBX9dtL-W5mv8o4SouqgmWO6hipJI4qwlUq7buDwzYlxIgm5MasFdnK2qbv9WysxiwVVA03rFtg/w200-h58/download_pdf_icon.png" width="200" /></a></p><p><br /></p><p><a href="https://bit.ly/40GDrU6" target="_blank"><b>See other big changes in GST from 01-04-2023</b></a></p>Gouravhttp://www.blogger.com/profile/06544440205800479983noreply@blogger.com0India20.593684 78.96288-7.7165498361788458 43.80663 48.903917836178849 114.11913tag:blogger.com,1999:blog-2818727552205728791.post-70794644279457238522023-04-04T14:06:00.002+05:302023-04-14T00:42:06.428+05:30Extension of time limit for application for revocation of cancellation of registration<br /><br /> <br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOSXu6h6MHrz6EVxhNzCO7cViUsMtj1-xDMKf6EWYVZbA1e4l2D_q-nNnhenJFJMTTq7NgZc_XC8eEfyzr5Lgengb9avt1g9oLVQKXu06eFoHDK3EQr_gtrkpzyRlNXe8iQ70idolhc4uIiAeyJmHouByyFx07_z5tLTANKsYiHeZJMD_xeV-lr_Xh/s1920/GST%20UPDATES.png"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOSXu6h6MHrz6EVxhNzCO7cViUsMtj1-xDMKf6EWYVZbA1e4l2D_q-nNnhenJFJMTTq7NgZc_XC8eEfyzr5Lgengb9avt1g9oLVQKXu06eFoHDK3EQr_gtrkpzyRlNXe8iQ70idolhc4uIiAeyJmHouByyFx07_z5tLTANKsYiHeZJMD_xeV-lr_Xh/s320/GST%20UPDATES.png" /></a><br /><br /><br /><br />A special procedure has been notified in respect of revocation of cancellation of GST registration where such registration has been cancelled on or before 31-12-2022 and the taxpayer has failed to file revocation within the time period specified under the law (i.e. within 30 days of the cancellation order or as per the extension provided by the law). The taxpayer can apply for revocation of cancellation of such registration up to 30-06-2023 but only after furnishing the returns due up to the effective date of cancellation of registration and upon payment of taxes with interest, penalty, and late fees. Notably, no further extension of the time period for filing the application for revocation of cancellation of registration shall be available in such cases. <br /><br />About the Notification <br /><br />Under the GST law, any registered person whose registration has been cancelled can apply for revocation of cancellation of registration within 30 days of service of cancellation order. Based on the recommendation of the GST Council in its 49th meeting, the Government has notified a special procedure for the registered person whose registration has been cancelled on or before 31-12-2022, due to non-filing of GST returns. <br /><br />As per the said special procedure, the registered person whose registration has been cancelled on or before 31-12-2022, due to the non-filing of GST returns may apply for revocation of cancellation of registration up to 30-06-2023. However, the application for revocation can be filed only after furnishing all the returns due upto the effective date of cancellation of registration and after the payment of any amount due as tax along with interest, penalty, and late fees in respect of such pending returns. <br /><br />Notably, it is further provided that in such cases, no further extension of time would be available for filing the application for revocation of cancellation of registration. <br /><br />The said notification also includes the persons whose appeal against the order of cancellation of registration or whose appeal against the order of cancellation of registration has been rejected on the grounds of failure to apply for revocation of cancellation within the time limits provided under the law.<div><br /><div>.................................................................<div>Wordings from original notification:</div><div><br />In exercise of the powers conferred by section 148, the Central Government, on the recommendations of the Council,
hereby notifies that the registered person, whose registration has been cancelled under clause (b) or clause (c) of subsection (2) of section 29 of the said Act on or before the 31st day of December, 2022, and who has failed to apply for
revocation of cancellation of such registration within the time period specified in section 30 of the said Act as the class
of registered persons who shall follow the following special procedure in respect of revocation of cancellation of such
registration, namely:– <div><br /></div><div>(a) the registered person may apply for revocation of cancellation of such registration upto the 30th day of June, 2023; </div><div><br /></div><div>(b) the application for revocation shall be filed only after furnishing the returns due upto the effective date of
cancellation of registration and after payment of any amount due as tax, in terms of such returns, along with any amount
payable towards interest, penalty and late fee in respect of the such returns; </div><div><br /></div><div>(c) no further extension of time period for filing application for revocation of cancellation of registration shall be
available in such cases. </div><div><br /></div><div>Explanation: For the purposes of this notification, the person who has failed to apply for revocation of cancellation of
registration within the time period specified in section 30 of the said Act includes a person whose appeal against the
order of cancellation of registration or the order rejecting application for revocation of cancellation of registration
under section 107 of the said Act has been rejected on the ground of failure to adhere to the time limit specified under
sub-section (1) of section 30 of the said Act. <p></p></div><div><br /></div><div>Download original notification here:</div><div><a href="https://www.capassion.in/p/gst-notification-032023-central-tax.html" style="margin-left: 1em; margin-right: 1em; text-align: center;" target="_blank"><img border="0" data-original-height="180" data-original-width="610" height="58" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr_RYtXr74bc56lgVob9YnkccorD8MMX5wdCDomKJVtiTvLrAr-MkESWG1QDOHMyEsWBX9dtL-W5mv8o4SouqgmWO6hipJI4qwlUq7buDwzYlxIgm5MasFdnK2qbv9WysxiwVVA03rFtg/w200-h58/download_pdf_icon.png" width="200" /></a></div><div><br /></div><div><a href="https://bit.ly/40GDrU6" target="_blank"><b>See other big changes in GST from 01-04-2023</b></a></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div></div></div></div>Gouravhttp://www.blogger.com/profile/06544440205800479983noreply@blogger.com0India20.593684 78.96288-7.7165498361788458 43.80663 48.903917836178849 114.11913tag:blogger.com,1999:blog-2818727552205728791.post-69999475773411641022022-12-07T20:50:00.000+05:302022-12-07T20:50:01.508+05:30Adidas is hiring CA Inter/Bcom/MBA<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqUKka_4GA4ac4xX5U693D7TzKshYVnbU5XZnClHYPDvQ2-o4sKSyuBhUJOZilu1r33UVp-IVscqk7P-p7vMNUSn8wY1pR9G8Mc9uj5rSPJAnsE7zJvCLNyJNARn3K_40y0lt5vgVC2JJM1IemzlqX_cxNH0W4kjKoPE0pYrDCtDU06H7JytPPzDxi/s550/adidas.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em; text-align: center;"><img border="0" data-original-height="532" data-original-width="550" height="310" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqUKka_4GA4ac4xX5U693D7TzKshYVnbU5XZnClHYPDvQ2-o4sKSyuBhUJOZilu1r33UVp-IVscqk7P-p7vMNUSn8wY1pR9G8Mc9uj5rSPJAnsE7zJvCLNyJNARn3K_40y0lt5vgVC2JJM1IemzlqX_cxNH0W4kjKoPE0pYrDCtDU06H7JytPPzDxi/s320/adidas.jpg" width="320" /></a><br /><h2 style="text-align: left;">Full Job Description</h2><br /><br /><br />Job Responsibilities<br /><br /><ul style="text-align: left;"><li>Complete hold on Accounts receivable function includes</li><li>Commercial discussion.</li><li>Managing Collection.</li><li>Account receivable reconciliation.</li><li>Meeting with Sales team for smooth billing & execution (O2C Cycle).</li><li>Collaboration with Financial Planning & Analysis team on Sales, Sales return, AR, Bad debts provision planning & and detailed variance analysis at month end.</li><li>Monthly closure of AR books and reporting including the “Sales Provisions, Bad debts provisioning, AR Accounting, Revenue recognition.</li><li>Collaboration with reporting team for audit (Statutory, Group, Tax & Internal) completion of “Receivables & Sales “function.</li></ul><br /><br />Systems<br /><br />SAP critical, excellent Excel & power point , exposure to analytical tools a big plus especially Power BI<br /><br /><br /><h2 style="text-align: left;">Experience</h2><br />6 to 10 years of experience in commercial, AR & reporting<br /><br /><h2 style="text-align: left;">Qualification</h2><br />CA Inter/Bcom/MBA<br /><br /><div><h2 style="text-align: left;">Industry</h2><br />Retail/Consumer goods/FMCG<br /><br /><br /><br />AT ADIDAS WE HAVE A WINNING CULTURE. BUT TO WIN, PHYSICAL POWER IS NOT ENOUGH. JUST LIKE ATHLETES OUR EMPLOYEES NEED MENTAL STRENGTH IN THEIR GAME. WE FOSTER THE ATHLETE’S MINDSET THROUGH A SET OF BEHAVIORS THAT WE WANT TO ENABLE AND DEVELOP IN OUR PEOPLE AND THAT ARE AT THE CORE OF OUR UNIQUE COMPANY CULTURE: THIS IS HOW WE WIN WHILE PLAYING FAIR.<br /><br /><br /><br />COURAGE: Speak up when you see an opportunity; step up when you see a need..<br /><br />OWNERSHIP: Pick up the ball. Be proactive, take responsibility and follow-through.<br /><br />INNOVATION: Elevate to win. Be curious, test and learn new and better ways of doing things.<br /><br />TEAMPLAY: Win together. Work collaboratively and cultivate a shared mindset.<br /><br />INTEGRITY: Play by the rules. Hold yourself and others accountable to our company’s standards.<br /><br />RESPECT: Value all players. Display empathy, be inclusive and show dignity to all.<br /><br /><br />ADIDAS CELEBRATES DIVERSITY, SUPPORTS INCLUSIVENESS AND ENCOURAGES INDIVIDUAL EXPRESSION IN OUR WORKPLACE. WE DO NOT TOLERATE THE HARASSMENT OR DISCRIMINATION TOWARD ANY OF OUR APPLICANTS OR EMPLOYEES. WE ARE AN EQUAL OPPORTUNITY EMPLOYER.<br /><p> </p><div><div><div><div><div><h2>Location</h2><div><br /></div><div>GURGAON, HARYANA, India</div><div><br /></div><div><div><div><div><div><h2 style="text-align: justify;">Apply Now</h2><div style="text-align: justify;"><br /></div></div><div><br /></div><div><br /></div><div class="separator" style="clear: both;"><a href="https://www.capassion.in/p/job-071222-01.html" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="194" data-original-width="738" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3SyLp74aNnpglzU07Yg7_Va52gMcShEXE3qiffnRCZrt4BQ0re1L9903fxpv7KbMO1xLorFT5NiGHAI4FK-FWLShXlYWBVBF7Hj_rt5VqBHBGg-UaNz6oylotfTvJuYGQZlb_taXVuqI/s320/apply-now-button.png" width="320" /></a></div><div class="separator" style="clear: both;"><i> </i></div><div class="separator" style="clear: both;"><i>Just wait for 12-15 seconds after click ing on apply now button, you will be directed to job application platform.</i> </div><div class="separator" style="clear: both;"><br /><br /></div><p>#adidas #jobs #applynow #jobsforcainter<br /><br /><br /><b><i><u><span style="font-size: medium;">Search for more Jobs:</span></u></i></b></p><div><div class="separator" style="clear: both;"><div style="font-weight: 700;"><div style="background-color: white; color: #2d2d2d; font-family: "helvetica neue", helvetica, arial, sans-serif; font-size: 13.3333px; margin: 0px;"><div style="text-align: center;"><br /></div></div><div class="separator" style="background-color: white; background-position: 0px 0px; border: 0px none; clear: both; color: #2d2d2d; font-family: "helvetica neue", helvetica, arial, sans-serif; font-size: 13.3333px; outline: currentcolor none 0px; padding: 0px; text-align: center; vertical-align: baseline;"><br /></div><div class="separator" style="background-color: white; background-position: 0px 0px; border: 0px none; clear: both; color: #2d2d2d; font-family: "helvetica neue", helvetica, arial, sans-serif; font-size: 13.3333px; outline: currentcolor none 0px; padding: 0px; text-align: center; vertical-align: baseline;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://www.capassion.in/2018/12/jobs-by-location_12.html" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="360" data-original-width="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhcM51sjdMXpeee1LK3iwJt_vIkx8xFO_MtVL81cTsfECxyyHBJOw4kdhZ-_7VaEqKg8QHLv9uG10l8FtFj4HfUU7SxKmUL0TdpLiqBeEhQQXCln-QS7ooJ3x7Hv2vjiKLFE_Dx7XY26tU/s320/3.png" width="320" /></a></div><div style="text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://www.capassion.in/search/label/CA%20Inter%20Jobs" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="360" data-original-width="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-K_OkUriXSFJuAhscsXO1RgOgzRMycTYu1xIioJ3UtqVtR-T6G_u5Q00g1K9qWakYT6AQ3Y0TCYiiel-MQe7UYolc6Zz7etG5eF3ioYnrSdts8fgDu01D2eaMW4eiax9YGmMEvDJnVzU/s320/2.png" width="320" /></a></div><div style="text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://www.capassion.in/search/label/CA%20Jobs" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="360" data-original-width="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKZNrutRRLQaNJTVrL23FGYaBay3OkPeLhwc1TR0gmJ3CshQRxjHK9wmA11HW3Zc5TS8g1Egaz4KVMQ6-cqKDLk-xcNMbiYwkqPRJrsl7DDeoiTcQiAAt2c1GY5wJqME8g2-h60w-FdOU/s320/1.png" width="320" /></a></div><div><br /></div></div></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p> </p><p> </p> <p> </p><p> </p><p> </p></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div><br />Gouravhttp://www.blogger.com/profile/06544440205800479983noreply@blogger.com0India20.593684 78.96288-7.7165498361788458 43.80663 48.903917836178849 114.11913tag:blogger.com,1999:blog-2818727552205728791.post-1670485949320915302022-12-04T20:54:00.002+05:302022-12-04T20:54:21.775+05:30RBI LAUNCHED PILOT PROJECT FOR THE FIRST INDIAN DIGITAL CURRENCY<div class="separator" style="clear: both; text-align: center;"><br /></div><br /><h1 style="text-align: left;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixuSAALyl4ypMF8Y4oIDfAFBcR-6Mz4EV3n6B22g2-Vwq-9BNipQ8ixjxtjgbJhuQDYVVKceUsRXFMcri-_ZIRO7HctrLEXYoT2Nr6EDxk2H94HBL7d-5Y2aLyafVDyk3ZE65UDhnjFx9NZxLWGyzXcg3RvwkrHwKmSiu7xXDPUhvgBOHDgMOwEFFq/s900/TPCI-DigitalIndia.jpg" imageanchor="1" style="font-size: medium; font-weight: 400; margin-left: 1em; margin-right: 1em; text-align: center;"><img border="0" data-original-height="600" data-original-width="900" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixuSAALyl4ypMF8Y4oIDfAFBcR-6Mz4EV3n6B22g2-Vwq-9BNipQ8ixjxtjgbJhuQDYVVKceUsRXFMcri-_ZIRO7HctrLEXYoT2Nr6EDxk2H94HBL7d-5Y2aLyafVDyk3ZE65UDhnjFx9NZxLWGyzXcg3RvwkrHwKmSiu7xXDPUhvgBOHDgMOwEFFq/s320/TPCI-DigitalIndia.jpg" width="320" /></a></h1><h1 style="text-align: left;">INDIAN CENTRAL BANK DIGITAL CURRENCY (CBDC)</h1><p><br /></p><p>RBI has started the pilot #project for issuance and settlement of #digital #currency (CBDC) in a closed group and environment.</p><p><br /></p><p>let's understand what it is and how it is different from UPI digital payments.</p><p><br /></p><p>For doing UPI transactions one needs a bank account and UPI ID. The transaction is done through a bank account in digital form. In case of CBDC or eR the transaction between two parties will not involve their bank account.</p><p>CBDC is simply digital form of physical or paper currency.</p><p>It will be issued in the same denomination as that of paper currency I.e 5,10,20 etc.</p><p>It will be a legal tender having sovereign backing and will bear RBI governor signature.</p><p>It can be kept in a mobile phone wallet which resembles your pocket wallet.</p><p>It will not leave audit trail of transactions between two parties except at RBI.</p><p>eR in Wallets will not earn interest as it is in your own wallet.</p><p><br /></p><p><br /></p><p>Implication</p><p>1. Saves printing cost.</p><p>2. One need not carry weight of cash in one's physical wallet.</p><p>3. eR in Wallets will be more safe as there will be no threat of pickpockets or theft. </p><p>3. Bank's CASA deposit will be negatively affected.</p><p><br /></p><p>Challenges</p><p>1. Loss of privacy as transactions will be recorded at RBI.</p><p>2. It will need internet connectivity.</p><p>3. Cyber threats and security.</p><p><br /></p><p>India is the first country to launch this concept.</p><div class="separator" style="clear: both; text-align: center;"><br /></div><br />Gouravhttp://www.blogger.com/profile/06544440205800479983noreply@blogger.com0tag:blogger.com,1999:blog-2818727552205728791.post-74899895666645802842022-11-30T22:58:00.002+05:302022-11-30T22:58:14.793+05:30SECTION 69 OF INCOME TAX ACT 1961 | UNEXPLAINED INVESTMENTS<p> <img border="0" data-original-height="3456" data-original-width="6912" height="160" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigUsoYFd3yw6kdPPbaD7daIvbiX8lElA-qWDIyq_lUm_ujvRUkw3mP6jRAYpUNRkBHE9Q3g9bXGxXHX8UlZ72H5A8_TmOa1cp7HVXhs0Vy7WmVIVb2spbyDWGeZvf47qiBcy-9yMDT0HktPfJ_bpUMQ7PkNntIfK3cjGNReZvTKx8jmH3u8Tp8yJO2/w320-h160/CA%20PASSION.png" style="text-align: center;" width="320" /></p><br /><div><br /></div><div><br /></div>69. Where in the financial year immediately preceding the assessment year the assessee has made investments which are not recorded in the books of account, if any, maintained by him for any source of income, and the assessee offers no explanation about the nature and source of the investments or the explanation offered by him is not, in the opinion of the Assessing Officer, satisfactory, the value of the investments may be deemed to be the income of the assessee of such financial year.<div><br /></div><div>#incometaxact #incometax #law #sections</div>Gouravhttp://www.blogger.com/profile/06544440205800479983noreply@blogger.com0India20.593684 78.96288-7.7165498361788458 43.80663 48.903917836178849 114.11913tag:blogger.com,1999:blog-2818727552205728791.post-33970714663562999412022-11-30T22:43:00.003+05:302022-11-30T23:04:00.497+05:30Vishala Hitesh Loonia Vs ACIT | ITA No. 1668/Ahd/2019<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7zo5kO7UdglxYGXAevFuHCT7O49MP--rH1r4ZTpAmNb9XbT5LfmYd-WHqPiivhKcMLGRdH74bI8ZlrKf314wDkElovA1EOyQplrh5lQjE795Y02GbcBdRGt5FKvNPy2aD5YgOaekFmCe47exgMd4MBNibukRRVo3khmiwdluYgKQLbm6H1uXVX8T5/s800/case-law-concept-d-illustration-title-legal-document-79028669.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="533" data-original-width="800" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7zo5kO7UdglxYGXAevFuHCT7O49MP--rH1r4ZTpAmNb9XbT5LfmYd-WHqPiivhKcMLGRdH74bI8ZlrKf314wDkElovA1EOyQplrh5lQjE795Y02GbcBdRGt5FKvNPy2aD5YgOaekFmCe47exgMd4MBNibukRRVo3khmiwdluYgKQLbm6H1uXVX8T5/s320/case-law-concept-d-illustration-title-legal-document-79028669.jpg" width="320" /></a></div><br /><p></p><h1 style="text-align: left;">Vishala Hitesh Loonia Vs ACIT</h1><h2 style="text-align: left;">ITA No. 1668/Ahd/2019</h2><p>Whether merely based on report of Investigation Wing, without specific material/information addition can be made for unexplained expenditure <a href="https://www.capassion.in/2022/11/section-69-of-income-tax-act-1961.html" target="_blank">u/s 69 of Income Tax Act</a> - YES : ITAT</p><p><br /></p><p>- Assessee's appeal allowed: AHMEDABAD ITAT</p><p><br /></p><p>The assessee Smt. Hitesh Loonia had filed her return of income for relevant AY claiming deduction under Chapter VIA of Rs. 92,433. </p><p><br /></p><p>During assessment, AO found that the assessee purchased 6000 shares of GCM Securities Ltd. off line from one Mr. Chrag Shah for Rs. 3,90,000. </p><p>Thereafter, Mr. Shah transferred these shares to the DPID of the assessee. The assessee after holding these shares for little more than one year sold 8800 shares for a consideration of Rs. 38,30,904. </p><p>As regards the scrip, the assessee dealt with, was a scrip identified by the DIT (Investigation), where large scale rigging was done to allow benefit of bogus LTCG entities to thousands of beneficiaries. </p><p>The assessee despite of having DMAT account indulged in buying the equities offline through a third person and selling them immediately on completion of holding them for just one year and little more so as to match her booking amount. </p><p>The AO observed that a prudent investor will always consider the financial performance of a company before investing in the company. </p><p>The P & L account of GCM Securities Ltd. for immediately five preceding financial years shows that the profitability, distribution of dividend were not at all encouraging for any prudent investor to invest in such company. </p><p>Accordingly, the AO observed that it was apparent that the alleged company GCM Securities Ltd. did not make any profit in consecutive five financial years nor distributed any dividend. </p><p>Thus, it was clear that assessee in collusion with the entry operators, purchased shares of GCM Securities Ltd. through an intermediary skipping the normal trading through her regular DP/Broker for particular scrip. </p><p>Again, the sale trail shows that all the shares were purchased by only those Kolkata based companies managed by a single person. </p><p>This was possible only when the trade time and price was predetermined between groups of brokers/entry operators. </p><p>In the instant facts, the onus was therefore on the assessee to prove that either there was no such scheme and even if there was one, the benefit to the asseseee was as a result of genuine transaction. </p><p>The assessee miserably failed to discharge onus and therefore the only inescapable conclusion was that like many other individuals, the assessee had also taken entry of LTCG by paying cash. </p><p>The total sale proceeds out of this particular scrip amounting to Rs. 38,30,904 was added to the income of the assessee under the head income from other sources. </p><p>Further, a sum of Rs. 1,91,545/- being commission @ 5% of the LTCG was also added as unexplained expenditure under section 69 of the Act. In appeal, CIT (A) confirmed the addition.</p><p><br /></p><p>On appeal, the Tribunal held that,</p><p><br /></p><p>Whether merely based on report of Investigation Wing, without specific material/information addition can be made for unexplained expenditure u/s 69 of Act - YES : ITAT</p><p><br /></p><p>in the case of Smt. Aparna Misra, 2019-TIOL-1541-ITAT-KOL, the ITAT Kolkata has given relief to the assessee in respect of the same shares in which the assessee has sold during the impugned assessment year.</p><p>Again, Kolkata ITAT in the case of Smt. Rachna Agarwal 2022-TIOL-507-ITAT-KOL has given relief to the assessee in respect of the same shares (GCM Securities Ltd) and in respect of similar set of facts, which the assessee has sold during the impugned assessment year. </p><p>It was noted that the facts of the assessee and the cases mentioned are similar. </p><p>The assessee has sold the shares of GCM securities Ltd, which were the shares of the same company in respect of which the decisions have been rendered in favour of the assessee on similar set of facts. </p><p>No specific allegation has been made by any of the entry operators alleging that the assessee has engaged in sham/bogus transaction on sale of the above shares. </p><p>Nothing has been brought on record to substantiate that the assessee's own unaccounted money was used to purchase the shares on which capital gains has been earned by the assessee. </p><p>The entire case of the Revenue is based on the report of the Investigation Wing, however, no specific material/information has been found specifically implicating the assessee and the addition is based on the general modus operandi in connection with sale of shares to earn bogus capital gains. </p><p>The assessee, admittedly has carried out or transactions through banking channels/DMAT account. </p><p>The only allegation of the Revenue is that the scrip which the assessee sold was identified by the Directorate of Income Tax (Investigation), Kolkata in which large scale rigging was done to allow benefit of bogus LTCG entities to several beneficiaries. </p><p>Therefore, respectfully following the decision in the case of Smt. Aparna Misra 2019-TIOL-1541-ITAT-KOL and Smt. Rachna Agarwal 2022-TIOL-507-ITAT-KOL, which have been rendered on similar set of facts, it was held that CIT(A) has erred in facts and in law in in allowing the assessee's appeal.</p><p><br /></p><p>ITA No. 1668/Ahd/2019</p><p><br /></p><p>#caselaws #judgements #rulings #incometaxact #tribunal #court</p>Gouravhttp://www.blogger.com/profile/06544440205800479983noreply@blogger.com0India20.593684 78.96288-7.7165498361788458 43.80663 48.903917836178849 114.11913