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Govt. decided to implement one-time settlement scheme ‘Vivad se Vishwas II (Contractual Disputes)’
The Government of India, Ministry of Finance, Department of Expenditure, Procurement Policy Division has issued Office Memorandum vide...
CA Jainendra K Jain
May 30, 20232 min read


CoinTracker enters India with crypto tax compliance and portfolio tracking products
Crypto users across India to benefit from seamless tax compliance Aims to collaborate with communities and partners to boost crypto...
CA Jainendra K Jain
May 25, 20223 min read


Slump sale and Insolvency & Bankruptcy Code 2016 - Accounting and Taxation - Interplay
In the process of integration of the Indian economy with the world economy, a number of companies are going for restructuring under the...
CA Jainendra K Jain
Feb 24, 20211 min read


GST - The changes and the complexities
The Government has via Notification no. 94/2020-Central tax dated 22nd December 2020 made the following changes in CGST Rules, 2017:...
CA Jainendra K Jain
Dec 26, 20206 min read


IBBI amends the law regarding voting on Compliant Resolution Plan
The Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for...
CA Jainendra K Jain
Aug 7, 20202 min read


How the CARES Act expands unemployment benefits
Due to the economic effects of COVID-19, many business owners made the difficult decision to lay off or furlough their employees. As a...
CA Jainendra K Jain
Jul 30, 20204 min read


Realty cos must pay GST on shortfall in input procurement by June 30: Govt
Real estate companies that opted for lower GST rates of 1 per cent and 5 per cent from April 1, 2019, but could not procure 80 per cent...
CA Jainendra K Jain
Jun 29, 20202 min read


Govt extends validity of certain e-way bills until June-end
In another notification, the CBIC has granted time till June 30 for rejecting refunds where the time limit for issuance of the order...
CA Jainendra K Jain
Jun 11, 20202 min read


Eight money related tasks to complete before June 30, 2020
Over the past two months, the government has announced a slew of relief measures to reduce the impact of the coronavirus-induced lockdown...
CA Jainendra K Jain
Jun 6, 20204 min read


Rectification of GSTR-3B for earlier periods allowed by Delhi High Court
The Delhi High Court in the writ petition filed by Bharti Airtel (W.P.(C) 6345/2018, CM APPL. 45505/2019) has allowed it to rectify the...
CA Jainendra K Jain
May 8, 20203 min read


Government extends last date for filing annual GST return for FY19 by 3 months till September
More time to file goods and services tax (GST) return for the financial year 2019 and the option for some assessees to file tax returns...
CA Jainendra K Jain
May 7, 20202 min read


Special GST procedure for entities in CIRP under IBC – CBIC clarification dated 06.05.2020
Introduction As per Insolvency and Bankruptcy Code, 2016(“IBC”), once an entity defaults certain threshold amount, Corporate Insolvency...
CA Jainendra K Jain
May 7, 20208 min read


Auditors, boards face a dilemma on passing FY20 accounts
The boards of several struggling companies are set to face the unenviable task of having to certify whether their companies can continue...
CA Jainendra K Jain
May 1, 20202 min read


Covid-19: How can accountants perform audits remotely?
In the wake of Covid-19, the additional burden has fallen upon the finance team of organizations to make available/access information (in...
CA Jainendra K Jain
Apr 30, 20205 min read


Implementation of insolvency resolution plan amid COVID-19: A potential to unnecessary litigation
In the wake of unprecedented nationwide lockdown, having the potential to aggravate the financial stress in the country, two prompt and...
CA Jainendra K Jain
Apr 28, 20204 min read


CBIC issues Guidelines for conducting Customs hearings via Online
The Central Board of Indirect Taxes and Customs (CBIC) issued the guidelines for the conduct of personal hearings in the virtual mode...
CA Jainendra K Jain
Apr 28, 20202 min read


CBDT again defers GST, GAAR reporting in I-T audit report till Mar 2021
The Income Tax Department on Monday deferred for the third time the requirement for companies to include in their I-T audit report the...
CA Jainendra K Jain
Apr 28, 20202 min read


Section 7 of against the principal debtor as well as the guarantor, for the same set of claim?
Bijay Kumar Agarwal, Ex-Director of M/s Genegrow Commercial Pvt. Ltd. vs. State Bank of India & Anr. Company Appeal (AT) Insolvency No....
CA Jainendra K Jain
Apr 27, 20202 min read


IT firms mull M&As amid chaos
The economic chaos caused by the COVID-19 pandemic may be the right time for IT companies to consider mergers and acquisitions (M&As),...
CA Jainendra K Jain
Apr 27, 20201 min read


CBIC clears GST claim worth Rs10,700cr; logs over 1.86 lakh refund in customs duty
The Central Board of Indirect Taxes (CBIC) announced that the department is committed to supporting Goods and Services Tax (GST)...
CA Jainendra K Jain
Apr 27, 20201 min read
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