GST INVOICE MANAGEMENT SYSTEM CHANGES FROM 1ST OCTOBER WILL AFFECT 12 MILLION+ BUSINESSES
GSTN has launched a new facility known as the Invoice Management System (IMS), which will soon be available through the Goods and Services Tax Portal
...
Dubai VARA Announces Stricter Regulations for Crypto Marketing
Dubai's regulator is looking to warn investors about the risk of financial losses while dealing with crypto assets.
Dubai became one of the first jurisdictions in the world to clarify regulatory requirements for Web3 firms in 2022, and regulators are now making changes to its rules related to marketing of digital assets.
...
NFRA vs ICAI| Who will audit the auditors and how
ICAI cannot afford to demure NFRA initiative citing a weak alibi — loss of audit work for small auditors if the big auditors of parent companies oust them from auditing the subsidiary accounts. Indeed, if it wants to, it has time to respond to the consultation paper floated by the NFRA till October 30, 2024, suggests Chartered Accountant S Murlidharan. ...
Read More
SMALLER CA FIRMS OPPOSE NEW NFRA RULES
NFRA's proposed changes to large firms' audit requirements are receiving fierce opposition from small and medium-sized audit firms, which make up the majority of India's CA firms. ...
Read More
GSTN releases Draft Manual on New GST Invoice Management System
The IMS is aimed at providing an easier method for businesses to match their inward supplies, i.e., invoices issued by suppliers, with their own records ...
Read More
Rs 1 cr penalty on HDFC Bank: How to protect yourself from recovery agents
The Reserve Bank of India (RBI) has imposed a Rs 1 crore penalty on HDFC Bank for violating guidelines related to the engagement of recovery agents. ...
Read More