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![GST System prone to ITC frauds due to complexity in compliance system, says CAG Report [Read Report]](https://www.taxscan.in/wp-content/uploads/2021/03/GST-System-GST-ITC-frauds-compliance-system-CAG-Report-Taxscan.jpeg "GST System prone to ITC frauds due to complexity in compliance system, says CAG Report [Read Report]")
GST System prone to ITC frauds due to complexity in compliance system, says CAG Report [Read Report]
The Compliance Audit Report of the Comptroller and Auditor General (CAG) of India on Goods and Services Tax said that GST System prone to Input Tax...
![MCA notifies effective date for implementation of provisions relating to Unpaid Dividend Account and Penalty [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/03/MCA-implementation-of-provisions-Unpaid-Dividend-Account-Penalty-Taxscan.jpeg "MCA notifies effective date for implementation of provisions relating to Unpaid Dividend Account and Penalty [Read Notification]")
![CBIC issues Urgent Measures to sensitise trade in light of proposed changes to Section 46 of the Customs Act, 1962 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/03/CBIC-Urgent-Measures-to-sensitise-trade-Section-46-of-the-Customs-Act-taxscan.jpeg "CBIC issues Urgent Measures to sensitise trade in light of proposed changes to Section 46 of the Customs Act, 1962 [Read Circular]")
Scope of reporting by Auditors in Audit report broadened: MCA notifies Companies (Audit and Auditors) Amendment Rules, 2021 [Read Notification]
The Ministry of Corporate Affairs(MCA) has notified the Companies (Audit and Auditors) Amendment Rules, 2021 so as to broaden the scope of reporting by Auditors in the Audit report. The...
![Scope of reporting by Auditors in Audit report broadened: MCA notifies Companies (Audit and Auditors) Amendment Rules, 2021 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/03/Auditors-in-Audit-report-MCA-Companies-Audit-and-Auditors-Amendment-Rules-2021-Taxscan-opengraph.jpg "Scope of reporting by Auditors in Audit report broadened: MCA notifies Companies (Audit and Auditors) Amendment Rules, 2021 [Read Notification]")
![MCA mandates Companies to use Software with Audit Trail of each Transaction [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/03/MCA-Companies-Software-with-Audit-Trail-Transaction-Taxscan.jpg "MCA mandates Companies to use Software with Audit Trail of each Transaction [Read Notification]")
DGFT notifies New Online Module for Filing Electronic applications for Import Authorizations [Read Circular]
The Director-General of Foreign Trade (DGFT) notified a new online module for filing electronic applications for import authorizations. As part of IT Revamp of its exporter/importer related...
![DGFT notifies New Online Module for Filing Electronic applications for Import Authorizations [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/03/DGFT-electronic-applications-import-authorizations-Taxscan.jpg "DGFT notifies New Online Module for Filing Electronic applications for Import Authorizations [Read Circular]")
Madras High Court quashes levy of Penalty under Section 112(a) or 114AA of the Customs Act as SCN not issued by Proper Officer [Read Order]
The Madras High Court quashed the levy of penalty under Section 112(a) or 114AA of the Customs Act, 1962 as Show Cause Notice was not issued by the proper officer. The petitioner, Quantum Coal...
![Madras High Court quashes levy of Penalty under Section 112(a) or 114AA of the Customs Act as SCN not issued by Proper Officer [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Madras-High-Court-levy-of-penalty-Customs-Act-1962-SCN-proper-officer-Taxscan.jpg "Madras High Court quashes levy of Penalty under Section 112(a) or 114AA of the Customs Act as SCN not issued by Proper Officer [Read Order]")
![CBDT issues Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/03/CBDT-Clarifications-on-provisions-Direct-Tax-Vivad-se-Vishwas-Act-Taxscan.jpeg "CBDT issues Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020 [Read Circular]")
