1. Where Tribunal, while allowing appeal of assessee in part and remanding matter to Assessing Officer, had passed an order on 27-6-2014 for fresh adjudication, consequential order pursuant to remand by Tribunal being passed by Assessing Officer on 20-4-2018 was barred by limitation as per provisions of section 153(2A) and, thus was to be quashed.
2. GST portal requires users to register their devices for each specific login ID. This means that if a user attempts to log in from a different system, an OTP will be necessary to access the GST portal. This step aims to enhance security and ensure that only authorized users can access the portal from registered devices.
3. MCA vide notification dated 27.10.2023 has required all LLPs: 1) to maintain the register of partners since incorporation. 2) report to Registrar (RoC) beneficial owners on the lines of a company. 3) identify and report a designated partner responsible for furnishing beneficial owners details.
4. Ministry of Corporate Affairs has announced on October 27, 2023 that the Private companies are now required to dematerialize their securities, private companies (other than small company) must complete this process within eighteen months of closure of the financial year March 2023, comply with the provisions of this rule.
5. DGFT has introduced automated system for issuing the Status Holder Certificate. Exporters are now not required to submit application separately. The certificate is auto generated based on shipment details and e-BRCs etc. This will reduce cost and processing time, enhance automation and transparency in the sector. Eligible exporters will be benefited by getting real time recognition ranging from 1 Star to 5 Star.
6. ICAI Members, please Check whether you have paid your membership fee for the year 2023-24. October 31st is the last date and if you have not paid. Do it immediately.
7. Gujarat high court ruled that a chartered accountancy (CA) firm cannot be considered a shop or commercial establishment but is a professional establishment and its employees are thus not covered under the Employees' State Insurance (ESI) benefit scheme.
By CA Dr.Raj Chawla
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