CA Niteshkumar Delvadiya

50th Meeting of the GST Council 11th July, 2023 *** PRESS RELEASE The 50th Meeting of the GST Council was held on 11th July, 2023 in New Delhi, under the chairpersonship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman.  To mark the milestone of 50th meeting of the GST Council, Hon’ble Chairperson released a short video film titled ‘GST Council- 50 steps towards a journey’ in the august presence of the Hon’ble Members of the Council. The film depicts the journey of the Council and has been made in Hindi, English and many regional languages, which will be available on many social media handles. Besides, the first set of a special cover and customised ‘My Stamp’ were also presented on this occasion to Hon’ble Chairperson and Hon’ble Members of the Council by the Chief Post Master General, Delhi. The GST Council inter-alia made the following recommendations relating to changes in GST tax rates, measures for facilitation of trade and measures for streamlini...

On the Ashoka WhatsApp group there is a discussion on the convocation speech and what kind of convocation speakers we should look for. Most people are posting videos of commencement speakers from US universities. I posted the following message 👇 A random thought on convocation speeches.  We want a convocation speech that is slick. One that is delivered by a speaker in polished sophisticated English. With the right accent using the right words. The convocation speaker in my graduating class at IIMA was V Krishnamurthy. Chairman of SAIL. He said all the right things but guess what - thirty four years out I don’t remember a word of what he said and I don’t think what he said made any difference to the lives of any of my classmates. That speech did not change anyone’s behaviour or influence any of the choices we made in our lives. However I vividly remember remember the speech made by the chief guest at IIMA in the previous year. Being in the junior batch I was not invited to the eve...

Section  65.  Audit by tax authorities.- (1) Authority and Period of Audit: Ø   The Commissioner or any officer authorised by him, Ø   may undertake audit Ø   for such period, (year/ part of year / multiple years) Ø   at such frequency Ø   in such manner as may be prescribed. (2) Place of Audit: Ø   The officers Ø   may conduct audit Ø   at the place of business Ø   or in their office. (3) Notice for Audit: Ø   The registered person shall be informed by way of a notice (GST ADT – 01) Ø   not less than fifteen working days prior Ø   to the conduct of audit in such manner  as may be prescribed . (4) Time limit to complete audit: Ø   The audit shall be completed Ø   within a period of three months Ø   from the date of commencement of the audit: Ø     Ø   Provided  that Commissioner Ø   may extend the period Ø   for the reasons...