AccuWiz Consulting LLP

As we light the Diyas this Diwali, let’s embrace the spirit of innovation and collaboration. Wishing you all a prosperous and joyful festival! 🪔✨ . . . . . #AccuWizDiwali

Wishing everyone a prosperous and fulfilling Dhanteras! As we celebrate this festival of wealth and good fortune, let’s take a moment to reflect on the values of growth, resilience, and purposeful progress. May this auspicious day bring new opportunities, enhance our successes, and foster sustainable prosperity. Happy Dhanteras to all! . . . . . #Dhanteras #WealthAndProsperity #GrowthMindset #FestiveSeason

Team AccuWiz Consulting LLP took a break from the spreadsheets and strategies to connect, recharge, and explore the wild at our annual offsite! At Accuwiz, we believe in the power of unity - beacuse together, we achieve more! And our Sariska offsite was a testament to this, as each moment of collaboration, laughter and learning brought us closer. From tackling team challenges to unwinding in nature, we were reminded that our combined strengths make us unstoppable. Here’s to working together, achieving together, and growing together! ✨ . . . . . #TeamAccuWiz #WAMC #WeAreOne #Offsite2024 #AccuWizCulture Sumit Mahajan | Sumit Kaushik | Rahul Gupta | AMIT AGGARWAL | Som Chopra | Ankit Marwaha | G V Aniruddh

As we celebrate Dusshera, let’s remember the power of perseverance and unity. Here’s to conquering challenges and fostering collaboration in our workplaces ✨

In recent tax-related litigation, the Supreme Court dealt with the interplay between three crucial statutes: the Income Tax Act 1961, the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act 2020 (TOLA), and the Finance Act 2021. These laws govern reassessment procedures for income that may have escaped taxation, especially following amendments during the COVID-19 pandemic. The Court addressed legal challenges arising from reassessment notices issued by tax authorities under the old regime despite the introduction of a new, more taxpayer-friendly framework in 2021. Tap the document for the in-depth analysis of how the judicial system navigated these complexities. #AccuWiz #Supreme Court #taxation # TOLA #Income tax

In a recent landmark decision, the Supreme Court has provided much-needed clarity for developers and businesses involved in the construction and leasing of commercial properties. The case of M/s Safari Retreats Pvt. Ltd. vs. Chief Commissioner of Central Goods and Services Tax (GST) tackled a crucial question: ‘Can developers claim ITC on goods and services used in constructing commercial properties intended for leasing?’ The provisions of GST law, particularly Section 17(5)(d) of the CGST Act, 2017, exclude ITC on goods and services used for construction of immovable property (unless it's for further supply of the same). However, the Supreme Court, in this case, gave a favorable ruling to the taxpayer, stating that ITC can be claimed on the construction of immovable property if it is used for furtherance of business, such as leasing out commercial spaces. However, this should be looked at from case to case basis. Tap the document below for the analysis of the Safari Retreats Case. #RealEstate #GST #ITC #SupremeCourt #Developers #Leasing #AccuWiz

📢 Exciting News Alert! 📢 Greetings, esteemed colleagues! It's that time again – the September 2024 edition of AccuWiz Edge, our Monthly Roundup, is now available! Stay informed with the latest updates, insights, and developments in the fields of tax, audit, and company secretarial matters. Seize the chance to maintain your competitive edge. Tap the document below to delve into the September 2024 edition. AccuWiz Consulting LLP #MonthlyNewsletter #Septembernewsletter #Tax #Audit #CompanySecretarial

This #GandhiJayanti, we honor the legacy of Mahatma Gandhi, a beacon of truth, non-violence, and perseverance. His commitment to integrity and justice inspires us at #AccuWiz to uphold these principles in our work and interactions. As we reflect on his teachings, let’s remember that change begins with each other. Together, we can spread kindness, promote justice, and build a workspace that reflects his ideals. Join us in celebrating the power of unity and pursuit of excellence as we strive to foster a positive impact in our commitments. #AccuWizConsulting #GandhiJayanti #Peace #justice #Unity

📄 Nuances of the UCPMP Scheme: Insights The Uniform Code for Pharmaceuticals Marketing Practices (UCPMP) plays a crucial role in regulating ethical marketing practices within the pharmaceutical industry. With its latest amendment in June 2022, the UCPMP has reinforced its commitment to promoting transparency and accountability. This document explores the key terms, implications, and important nuances of the UCPMP scheme, highlighting how these changes impact the industry. 📝 Click below to gain short insights into the revised guidelines and their significance! #Pharmaceuticals #EthicalMarketing #UCPMP #RegulatoryUpdates #Compliance

🚨 Update on the 54th GST Council Meeting 🚨 Key decisions were made at the 54th GST Council meeting which was held in New Delhi. Union Finance and Corporate Affairs Minister, Smt. Nirmala Sitharaman presided over the proceedings. The meeting has put forth key recommendations an measures of trade facilitation that impact taxpayers and businesses alike. Our indirect tax update enclosed here provides insights on the changes, recommendations, and new measures introduced in the GST framework. #GSTCouncil #TaxUpdates #GSTCompliance #Business