Companies

Supreme Court: “The Parliament had intended the GST to be a citizen-friendly tax structure”

capitol, united states, washington

The Parliament had intended the GST to be a citizen-friendly tax structure. The purpose of the Act is lost by the manner in which tax law is enforced in our country. The bench of Justices Chandrachud and M. R. Shah were dealing with contours of the power of provisional attachment of property, including bank accounts, …

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MCA defers mandating the use of Audit Trail Software

audit, report, verification

The Ministry of Corporate Affairs ( MCA ) has deferred mandating Companies to use Software with an Audit Trail of each Transaction. The notification now shall come into force with effect from the 1 April, 2022 only. Provision Notified: Proviso inserted in Rule 3(1) [Manner of books of account to be kept in electronic mode] …

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