AHMEDABAD ICAI NEWS LETTER FOR THE MONTH SEPTEMBER-2022

The Institute of Chartered Accountants of India

(Setup by an Act of Parliament)

Ahmedabad Branch of WIRC of ICAI

E-NEWSLETTER

Volume: 09 | ISSUE NO: 07 | September-2022 Chairperson’s Message

OFFICE BEARERS Respected Members,
Chairperson
CA. Bishan R. Shah August was the month full of festivities and
98250 23573 celebrations. As India completed its 75th year of
Vice Chairperson independence and embarked on its 76th independence
CA. (Dr.) Anjali Choksi year, we all should consider ourselves to be fortunate
98257 73179 for the sacrifices made by our forefathers so that we can
Secretary rejoice in this freedom. It is rightly said that freedom is
CA. Neerav A. Agarwal one of the deepest and noblest aspirations of the
9879672485 human spirit. Wishing you all a very happy Suvarnkaal! Keeping Azadi ka
Treasurer Amrit Mahotsav in our hearts, we made available Tiranga for our members
CA. Samir S. Chaudhary and acknowledged the contributions of our past chairpersons of the
9377471779 branch; we are visiting our past chairpersons and paying respect for their
Members untiring efforts for the members and students. We organised a morning
CA. Chetan J. Jagetiya heritage walk to embrace the rich architecture of our city. We even
CA. Abhinav A. Malaviya celebrated on the eve of Independence day with the cultural program
CA. Rinkesh K. Shah “Adikham Gujarat” in a collaborative effort with CAAA. We are thankful to
CA. Sunil Sanghvi CA. Devang Doctor sir, CA. Chandrakant Pamnani sir for their guidance and
CA. Sunit J. Shah CAAA President CA. Sarju Mehta and his TEAM for the efforts. We were
Ex. Officio Members overwhelmed with the gracious presence of our Past President, CA. Sunil
CA. Aniket Talati, Talati sir and support of CA. Jainik Vakil, sir. The said event instilled in our
(VicePresident) 98255 51448 hearts patriotism and love for our country. On the morning of
CA. Purushottam H. Independence Day, we had a flag hoisting, being a Chief Guest CA. Yamal
Khandelwal, CCM Vyas Sir addressed us, and we are immensely thankful to him for his words
9825020844 of wisdom.
CA. Chintan Patel, RCM
90999 21163 As Azadi Ka Amrut Mahotsav is being celebrated, ICAI is also uniquely
CA. Hitesh Pomal, RCM celebrating the same by disseminating about benefits and rights available
98240 49402 to MSMEs. ICAI has organised MSME Yatra under the leadership of our Vice
Newsletter Committee President, CA. Aniket Talati, Chairman of the committee CCM CA. Dhiraj
Chairperson: Khandelwal and CCM CA. Purushottam Khandelwal. We should try to make
CA. Samir S. Chaudhary our surroundings more informative through knowledge dissemination on
Co-Chairperson: Finance & Tax literacy. I urge all the members that in the coming months, let
CA. Hemlata Dewnani us give our best to make businesses aware of MSME and help at least three
Convener: businesses to register on the MSME portal for “UDHYAM”. We at
CA. Jay Pankajbhai Shah Ahmedabad Branch have an MSME help desk, and we request members to
Members: come forward as volunteers for the same. As a professional, we need to
CA. Abhishek bardia help businesses. Let us celebrate Azadi Ka Amrut Mahotsav by
CA. Ajay Daga disseminating knowledge with our core area of expertise. As a part of the
CA. Akash Pawankumar Jain said initiative, we had a session with Ahmedabad Advertising Circle
CA. Homesh Mulchandani Association. If you known to any association or institution, we are eager to
CA. Jaiminkumar G. Shah welcome them for the Finance and Tax Literacy Drive.
CA. Karan Gopalbhai Gupta
CA. Karan Ranka For the Ahmedabad Branch, the month was full of knowledge-enriching
CA. Karim Lakhani
CA. Kushal B. Reshamwala
CA. Mahadev Birla
CA. Mahavir Shah
CA. Manishkumar Dubey
CA. Mohit R Tibrewala
CA. Monish S. Shah
CA. Parth Joshi
CA. Naveen Surana
CA. Nehal Sheth
CA. Vishal P. Desai

Whats Inside??? 03 From the RBI 10 Motivational Story 16
04 Foreign Tax Credit 11 Event in Images 17
Editorial 05 RERA Updates 13 Media Coverage 22
Direct Tax Updates 08 Excel in Excel 15 Upcoming Events 26
GST Updates
GST Quick Connect

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

sessions. We had organised two days national CAs. More than 9850 newly qualified members
conference on IBC, women RRC for the female opted for the campus out of approximately
participants jointly with WIRC, kudos to WMEC 12,250 newly qualified members, which shows
Chairperson and Vice-Chairperson of the Branch the preference of newly qualified members for
CA. Anjali Chokshi for the rocking RRC. We had a the ICAI Campus. The campus offers a minimum
session on Tax audit for addressing the issues of package of Rs. 9 Lakhs, and the Maximum offer
the members and seminar on preparing annual is Rs. 32.50 lakhs in India. We also had a
reports in excel and shared the excel tool vaccination booster dose camp for the members
created by senior member CA. K.V.Karkar sir, for and their families; more than 350 persons
the benefit of the members, we are thankful to p a r t i c i p a t e d . Ke e p i n g I C A I 's v i s i o n o f
him. To make aware members of the sustainability and we need to preserve our
presentation skills and appearance during the planet as a sustainable development goal, we
Audit Committee and Board meeting in various also planned GREEN Ganesha. We request all to
capacities, we had Mock Audit Committee and focus primarily on People & Planet and then
Board Meeting; we are thankful to our senior advise on profits.
member CA. Kaushik Patel Sir, RCM CA. Chintan
Patel and the TEAM for making it happen with We hope members will take benefit from our
perfection. Even the WICASA event was workshops on Forensic audit and Fraud
detection organised jointly with NFSUI as well as
organised, “Dalal street” - A stock market the virtual knowledge series on Intellectual
Property Rights organised jointly with Gujarat
conference, where the in-depth stock market University.
and investments concepts were discussed,
kudos to our WICASA Chairperson, CA. Chetan On a concluding note, my best wishes for the
Jagetiya for his untiring efforts for the upcoming season and prayers to god for
students, as more than 225 students removing all our obstacles from professional
participated. We were fortunate to accompany and family life! It is said that “Forgiveness does
President & Vice President Sir in the inaugural of not change the past, but it does enlarge the
India International Bullion Exchange (IIBX) at future” Micchami Dukkadamm.
GIFT City and thankful to CA. Shwetang Pandya
for hosting us. He has shown willingness to CA. Bishan R. Shah,
organise a tour of the GIFT city for the members Chairperson,
and students. During our visit, we found that Ahmedabad Branch of WIRC of ICAI
GIFT city would be the best opportunity for the
members to explore new avenues. We had the
56th campus orientation for newly qualified

सं पक सेतु HAIRPERSON

CA Bishan R. Shah

Chairperson,
Ahmedabad Branch of WIRC of ICAI

02

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

EDITORIAL

HA P P Y N AVA R AT R I DUE DATE. It will be interesting how we will
2022! Wishing you a maintain Work-Life Balance this year. Selection
Happy and of Priority between Client & Family could be a
Prosperous Navratri, may this difficult choice. Moreover, convincing Staff
festival bring you happiness would be other major issue. The introduction of
and success. Navratri occurs Clause 44 in TAR from this year could take more
over 9 days during the month time increasing our difficulties.
of Ashvin, or Ashvina (in the
Gregorian calendar, usually As a response to that, we can adapt new
September–October). This year Navratri starts technology and innovative methods to ramp up
with 26th September and ends with Dusshera our audit and increase its efficiency. Adding to
on 5th October 2022. that Teamwork & proper allocation of workload
will be the key to success this month.
Typically, the festival's nine nights are
dedicated to different aspects of the divine The due date of return filing for non-audit
feminine principle. For many people it is a time assesses was not extended this year, so the
of religious reflection and fasting, while for chances are less likely for tax audit due date to
others it is a time for dancing and feasting. be extended by the government. We should
Dances performed include garba, especially in keep this in mind and prepare accordingly.
our Gujarat.
Moreover, Ahmedabad branch is taking active
One popular ritual is Kanya Puja, which takes part in this conference which is one of its kind
place on the eighth or ninth day. In this ritual International Conclave on Forensic Accounting
nine young girls are dressed as the nine goddess & Fraud Investigation (ICFAFI) 2022 with
aspects celebrated during Navratri and are International Affairs Committee & The Institute
worshipped with ritual foot washing and given of Chartered Accountants of India, ICAI and
offerings such as food and clothing. National Forensic Sciences University (Gujarat)
on 02 & 03 September 2022. It would be a great
Among some followers of the goddess Durga, opportunity to update our knowledge on
who are particularly predominant in Bengal and Forensic Accounting & brush up our concepts of
Assam, the festival is known as or coincides with fraud investigation.
the Durga Puja. Special images of Durga
commemorating her victory over the buffalo- This month is going to be of a great haste but we
headed demon Mahishasura are worshipped being members of this esteemed institute have
daily, and on the 10th day (Dussehra) they are faced many such cases in past, so I am sure we
taken in jubilant processions to nearby rivers or will conquer this time as well and meet TAR
reservoirs for immersion in water. deadline with equal Navratri celebration.

I also request to all the members who are willing
to contribute for newsletter on any topic can
share the same with us at
newsle [email protected]

'TOGETHER EVERYONE ACHIEVES MORE'
Stay Safe and Stay Happy!!
Happy learning!!

CA Samirkumar Chaudhary
Chairman, Newsletter Committee
This year, Navratri is overlapping our TAX AUDIT

03

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

Direct Tax Updates

Compiled by: CA Mohit R. Tibrewala

1. N o t i fi ca t i o n N o. 9 8 / 2 0 2 2 d a te d h ps://incometaxindia.gov.in/communica ons/n
17.08.2022 – Income Tax (26th o fica on/no fica on-no-98-2022.pdf
Amendment Rules), 2022.
2. Notification No. 99/2022 dated
In Part VIII, before rule 41, the following 17.08.2022
rule shall be inserted, namely:-
“40G. Refund claim under section The Central Government hereby notifies
239A.–– that the provisions of sub-section (1G) of
(1) A claim for refund under section 239A section 206C of the Act shall not apply to
shall be made in Form No. 29D. a person (being a buyer) who is a non-
(2) The claim under sub-rule (1) shall be resident in terms of section 6 of the Act
accompanied by a copy of an agreement and who does not have a permanent
or other arrangement referred to in establishment in India.
section 239A. h ps://www.incometaxindia.gov.in/communica
(3) The claim under sub-rule (1) may be ons/no fica on/no fica on-no-99-2022.pdf
presented by the claimant himself or
through a duly authorised agent.”

04

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

GST Updates

I. Rs. 1,48,995 Crore gross GST revenue Compiled by: CA. Parth Joshi
collected in the month of July 2022; Second
highest ever and 28% higher than the GST dated 3rd August, 2022]
revenues in the same month last year:
· The gross GST revenue collected in the 2. The Central Board of Indirect Taxes and
Customs has issued clarification on issues like
month of July 2022 is ₹1,48,995 crore of liquidated damages, compensation for
which CGST is ₹ 25,751 crore, SGST is ₹ cancellation of coal blocks, cheque dishonor
32,807 crore, IGST is ₹ 79,518 crore fine/ penalty, penalty imposed for violation of
(including ₹ 41,420 crore collected on laws, forfeiture of salary or payment of bond
import of goods) and cess is ₹ 10,920 crore amount in the event of the employee leaving
(including ₹ 995 crore collected on import of the employment before the minimum agreed
goods). period, etc. [Circular No. 179/10/2022-GST
· This is second highest revenue since dated 3rd August, 2022]
introduction of GST.
· The revenues for the month of July 2022 3. The Central Board of Indirect Taxes and
are 28% higher than the GST revenues in the Customs has issued clarification on issues
same month last year of ₹ 1,16,393 crore. regarding the rate of GST applicable on supply
Read more at - of ice-cream by ice-cream parlours during the
[https://pib.gov.in/PressReleasePage.as period from 01.07.2017 to 05.10.2021,
px?PRID=1846881] applicability of GST on application fee charged
for entrance or the fee charged for issuance of
§ II. Important Notifications / Circulars / eligibility certificate for admission or for
Orders / Instructions: issuance of migration certificate by educational,
Notification – Central Tax: whether storage or warehousing of cotton in
baled or ginned form is covered under entry 24B
1. T h e C e n t r a l G o v e r n m e n t o n t h e of Notification No. 12/2017-CT(R) which
recommendations of the Council has amended exempted services by way of storage and
Notification No. 13/2020-CT dated 21.03.2020 warehousing of raw vegetable fibres such as
to reduce the threshold limit of aggregate cotton before 18.07.2022, etc. [Circular No.
turnover for the applicability of e-invoicing 179/09/2022-GST dated 3rd August, 2022]
provisions from ₹ 20 crore to ₹ 10 crore. The said
amendment shall become effective from 1st Instructions:
October 2022. [Notification No. 17/2022- 1. The Central Board of Indirect Taxes and
Central Tax dated 01st August, 2022] Customs has issued guidelines on issuance of
summons under section 70 of the CGST Act,
Circulars: 2017. [Instruction No. 03/2022-23-GST-Inv
dated 17th August, 2022]

1. The Central Board of Indirect Taxes and 2. The Central Board of Indirect Taxes and
Customs has issued clarification on issues Customs has issued guidelines for arrest and
regarding GST rates & classification (goods) in bail in relation to offences punishable under the
relation to electric vehicles whether or not CGST Act, 2017. [Instruction No. 02/2022-23-
fitted with a battery pack attract GST rate of 5%, GST-Inv dated 17th August, 2022]
stones otherwise covered in S. No. 123 of
Schedule - I (such as Napa stones) which are not § III. GST Portal Related Updates:
mirror polished are eligible for concessional 1. Module wise new functionalities
rate under said entry, mangoes under CTH 0804 deployed on the GST Portal for taxpayers:
including mango pulp, but other than fresh Various new functionalities are implemented on
mangoes and sliced, dried mangoes shall attract the GST Portal, from time to time, for GST
GST at 12% rate, treated sewage water attracts stakeholders. These functionalities pertain to
Nil rate of GST, etc. [Circular No. 179/11/2022- different modules such as Registration,

05

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

Returns, Advance Ruling, Payment, Refund and GST authorities as per impugned order.
other miscellaneous topics. Various webinars Appellant cannot be directed to indicate HSN
are also conducted as well informational videos code by relying on other tender documents
prepared on these functionalities and posted on issued by other units of Railways by indicating
GSTNs dedicated YouTube channel for the HSN code. Appellant is directed to forward copy
benefit of the stakeholders. of contract documents to concerned
[https://www.gst.gov.in/newsandupdates/] jurisdictional officers of successful bidder for
the purpose of preventing revenue loss by
2. Introducing Single Click Nil Filing of ensuring correct quoting of HSN code and
GSTR-1: Single click Nil filing of GSTR-1 has been applicable tax rate. Impugned order set aside.
introduced on the GSTN portal to improve the
user experience and performance of GSTR-1/IFF Case: Union of India v. Bharat Forge Ltd. –
filing. Taxpayers can now file NIL GSTR-1 return [2022] – Hon'ble SC – Civil Appeal No. 5294 of
by simply ticking the checkbox File NIL GSTR-1 2022
available at GSTR-1 dashboard. 2. Where assessee was arrested for
[https://www.gst.gov.in/newsandupdates/] wrongfully availing ITC and was in jail for over
five months, taking into consideration
§ IV. Important Judicial maximum punishment of 5 years for alleged
Pronouncements: offence and provisions of compounding of
offences and that trial would begin on
1. State (Indian Railways) as purchaser recording of evidence from side of
cannot be said to be under public duty to Department, it would be just and proper to
indicate HSN code and applicable GST rate in grant bail to applicant, as trial would take its
the tender floated by it as the supplier is own time to conclude:
liable to pay GST and file GST returns: Issue/Facts: Assessee was arrested over 5
Issue/Facts: Whether appellant (Railways) is months back on allegation that without any
under public duty to indicate HSN code and bills/invoices, his company had shown suppliers
applicable GST rate in the tender floated by only on paper without any actual transfer of
them? goods and that in conspiracy with shell
companies, assessee had defrauded
Held: Bidder/tenderer/supplier has to indicate Government Exchequer by wrongfully availing
rate of applicable duties and taxes included in huge amount of Input Tax Credit. Assessee, on
prices quoted and purchaser/appellant will not contrary, stated that his company was dealing in
be liable for taxes and duties paid by supplier if purchase of goods under tax invoices after
the same is based on misclassification as per the verification of registration on web portal of GST
terms of tender. Appellant is free from liability Department and transactions were made
in case supplier wrongly quoted tax rate which is through banking channels. Assessee also
lower than what is liable to be paid as per tender contended that purchases of copper scrap had
document. GST being indirect tax, it is the been made by tax invoices and E-way bills upon
responsibility of bidder/supplier to quote the payment of applicable GST while dealing with
correct HSN code and corresponding GST rate as dealers/suppliers having valid GSTIN.
it would be liable to pay GST and file returns.
Purchaser (State) cannot be expected to reject Held: Taking into consideration maximum
bid of lowest bidder except for reasons which punishment for alleged offence being
are fair and legal or obliged to find out correct imprisonment for period maximum up to 5 years
HSN code and corresponding GST rate for and existence of provisions of compounding of
product to be purchased by it in the name of offences and that trial would begin on recording
producing level playing field. It is not the duty of of evidence from side of Department, it would
purchaser to indicate HSN code in tender be just and proper to exercise discretion in
floated by it. Circular issued by Railway Board favour of applicant, as trial would take its own
does not mandatorily prescribe Railways to time to conclude. Assessee was granted regular
indicate HSN code but it casts responsibility on bail on executing personal bond with one surety
bidder to quote correct HSN code and GST rate. and subject to appropriate conditions.
Appellant cannot be complied to undergo
cumbersome procedure of seeking advance Case: Nileshbhai Natubhai Patel v. State of
ruling for clarifying/classifying HSN code with

06

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

Gujarat – [2022] – Hon'ble Gujarat HC – had adversely affected petitioner. Assessee,
R/Criminal Misc. Application No. 11390 of had been harassed since 20-5-2020. State
2022 Government was liable to pay a cost of Rs.
3. Where without relying upon any report 50,000 to petitioner.
or any inquiry, show cause notice issued to
petitioner alleging that 'taxpayer was found Case: Drs Wood Products v. State of U.P –
non-functioning/non-existing at principal [2022] – Hon'ble Allahabad HC – Writ C No.
place of business' and application for 21692 of 2021
revocation of cancellation of registration was
rejected without recording any reasons; 1. High Court granted bail in alleged input
registration of petitioner was directed to be tax credit fraud as investigation was over,
renewed forthwith; petitioner was harassed applicant had been extensively interrogated
therefore, State Government was liable to in custody, documents were recovered and
pay cost of Rs. 50,000 to petitioner: applicant willing to deposit Rs. 2 crores; bail
Issue/Facts: Show-cause notice was issued to granted with subject to deposit of Rs. 2
petitioner alleging that it's GST registration was crores:
liable to be cancelled as 'taxpayer found non- Issue/Facts: Applicant was alleged to be
functioning/not existing at principal place of involved in creating fictious entity to avail
business'. Said SCN did not propose to rely upon fraudulent ITC without any actual movement of
any report or any inquiry conducted to form goods. Petition was filed seeking regular bail in
opinion or any basis on which allegation levelled terms of section 439 of Cr. PC.
and also not indicating as to when inspection
was carried. Show cause notice was vague and Held: Investigation with respect to two firms in
clearly violative of principles of administrative question was virtually over. During custody,
justice. Application for revocation of applicant had been extensively interrogated
cancellation of registration was rejected and necessary documents were recovered.
without recording any reasons and disclosed Applicant to show bona fide for willing to
absence of application of mind. Request of deposit Rs. 2 crore which was 10 per cent of
petitioner to adjourn matter because of his alleged amount. Applicant was directed to be
daughter's marriage was not even considered released on bail subject to deposit of Rs. 2
prior to passing of rejection order. Evidence was crores with GST authorities. Applicant was
produced by petitioner to support that directed to execute personal bond with one
commercial activity was carried out by surety. Bail was granted.
petitioner, was also not considered.

Held: Order cancelling petitioner's registration Case: Mohmed Hasan Aslam Kaliwala v. State
was set aside and registration of petitioner was of Gujarat – [2022] – Hon'ble Gujarat HC -
to be renewed forthwith. Arbitrary exercise of R/Criminal Misc. Application No. 9674 of 2022
power cancelling registration in this manner

Wish you a Happy Navratri!!!

07

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

GST Quick Connect

Compiled by: CA. MONISH S SHAH

Important AAR /AAAR/HC JUDGMENTS/ SC JUDGMENTS

1. Judgement on E-Way Bill appeal – Right of Government Pleader only contemplate that the
the appeal cannot be deprived on the basis of procedure for detention on seizure of goods or
that the person opted to make payment of documents or conveyances come to an end and
Tax and Penalty under Section 129(1)(a) it is always open to the person who suffers
proceedings under 129 of the CGST/SGST Acts
HINDUSTAN STEEL AND CEMENT Vs to challenge those proceedings if he feels
ASSISTANT STATE TAX OFFICER that the demand has been illegally raised on
him. Further, Section 107 of the CGST Act is
Date of Order - WP(C) NO. 17454 OF 2022 - widely worded and provides that any person
WP(C) NO. 17454 OF 2022 HIGH COURT OF aggrieved by any decision, or order passed
KERALA under the CGST/ SGST Acts or Union Territory
Goods and Services Tax Act, by an
The petitioner's case is that the petitioners in adjudicating authority, may appeal to such
these cases opted to pay amounts in terms of appellate authority as may be prescribed.
the pre-amended provisions of Section 129(1) The fact that the culmination of proceedings
(a) of the CGST/SGST Acts, to get the in respect of a person who seeks to make
goods/conveyance released pending payment of Tax and Penalty under Section
finalisation of proceedings. On payment of the 129(1)(a) does not result in the generation of
amount, the goods and the conveyance were a summary of an order under Form DRC-07
released as contemplated by sub-section (1) by cannot result in the right of the person to file
issuing Form MOV-05. While an order was issued an appeal under Section 107 being deprived.
in Form MOV-09 (issued under sub-section (3) of The fact that the system does not generate a
Section 129), a corresponding summary of demand or that the system does not
order/demand in form MOV-07 was not issued. contemplate the filing of an appeal without
As a result, the petitioners are not in a position to a demand does not mean that the intention
approach the appellate authority by filing an of the legislature was different. In the light
appeal under Section 107 of the CGST/ SGST of the above finding, these writ petitions will
Acts. stand allowed.

The State contends that on account of the 2. Tamil Nadu GST A AR in Order No.
stipulation in sub-section (5) of Section 129 of 29/AAR/2022 dated 29-07-2022. The applicant,
the CGST/SGST Acts, on payment of amounts M/s Kumaran Medical Centre, Coimbatore 641
under sub-section (1), all proceedings which are 107 is running a multi-speciality hospital and
the subject matter of a notice under sub-section offering medical services to patients. The three
(3) of Section 129 “shall be deemed to be issues raised by the applicant has been clarified
concluded. as follows. First, the supply of medicines and
consumables to in-patients is a composite
The Hon'ble Court disagreed with the supply as Patient Healthcare Services and
contentions of the State and passed the eligible for exemption as per Notification
followingorder. 12/2017 CT (Rate) dated 28-06-2017 up to 17-
07-2022. If the room charges (excluding
A reading of sub-section (3) of Section 129 of the ICU/CCU etc.) exceeds ₹ 5000/- per day taxable
CGST/SGST Acts, the provisions of Rule 142 at 5% from 18-07-2022. Secondly, the supply of
referred to above and the provisions of the medicines and consumables to out-patients of
circular, cumulatively, compel me to hold that the hospital is not a composite supply and hence
whether or not a person opts to make payment taxable to GST. Lastly the supply of implants
under section 129(1)(a) or to provide security which are implanted in the body by surgery is
under Section 129(1)(c), the responsibility of the to be considered “composite supply” and not
officer to pass an order under sub-section (3) of taxable, but the supply of prosthetics and
Section 129 and to upload a summary of the other aids being in the nature of
order/ demand in Form MOV 7 continues. The
provisions of sub-section (5) of Section 129
which were pointed out by the learned Senior

08

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

independent supply has to be considered as amounts paid by the Petitioner under the
individual supply and taxable. The above Integrated Goods & Services Tax Act, 2017
AAR is attached for information of all towards the alleged dues determined under
concerned. -- S. SUTHANTHIRANATHAN (AC) Central Goods & Services Tax Act, 2017 &
(CT) Madurai. Andhra Pradesh State Goods & Services Tax
Act, 2017.
3. Getting goods released on payment,
does not mean acceptance of the demand While relying upon the department that the
and opting to forego right to appeal. office cannot make adjustment of I.G.S.T.
into C.G.S.T. and S.G.S.T, the court held that
Section 129(5) states “On payment of the present Writ Petition is disposed of
amount referred in sub-section (1), all directing the petitioner to pay C.G.S.T. and
proceedings in respect of the notice S.G.S.T. within a period of three (3) weeks
specified in sub-section (3) shall be deemed from today and thereafter, make a claim for
to be concluded. refund of the amount under I.G.S.T. The writ
petition shall stand closed.
In the case of Hindustan Steel & Cement vs
STO & OR's. (HC_Kerala) [20.07.2022: W.P. 5. M/s HYUNDAI ROTEM COMPANY
17454 of 2022], it was held that Section 107
on appeals is widely worded and whether a Date of Order – 12-08-2022 - Advance Ruling
person comes forward to pay certain No. KAR ADRG 26/2022
amounts or not, the right to challenge such
proceedings before appellate authority THE AUTHORITY FOR ADVANCE RULINGS IN
cannot be denied. KARNATAKA

The taxpayers intended to file appeal but The applicant put the case before the AAR
there was no order. The department argued whether the supplies be treated as
that once tax and penalty have been paid, composite supply towards supplies to be
proceedings are deemed as concluded as per undertaken by the Applicant.
Section 129(5).
The AAR considered the independent
Sec 129(3), Rule 142(5), & Clause (h) and (v) supplies and not treated as composite
of circular No.41 /15 /2018 –GST dated supply. The key points quoted for the
13.04.2018 cumulatively holds that whether purpose of composite supply are as under:
or not a person opts to make payment under
section 129(1) (a) or to provide security For a supply to be considered as a composite
under section 129 (1) (c), the responsibility supply, its constituent supplies should be so
of the officer to pass an order under Section integrated with each other that one cannot
129(3) and to upload a summary of the order be supplied in the ordinary course of
/ demand continues. The fact that the business without or independent of the
system does not generate a demand or that other.
the system does not contemplate the filing
of an appeal without a demand does not In this case, although there is only one
mean that the intention of the legislature contract, the scope of work under each cost
was different. center is clearly specified and identifiable
and is not associated with any other cost
4. Judgement on adjustment of tax – IGST center.
to be adjusted with CGST and SGST
The concept of “Naturally Bundled”, as used
M/s WALCHANDNAGAR INDUSTRIES in Section 2(30) of the CGST Act' 2017, lays
LIMITED Vs THE A SSISTANT emphasis on the fact that the different
COMMISSIONER elements in a composite supply are integral
to the overall supply and if one of the
Date of Order – 21-07-2022 - WRIT elements is removed the nature of supply
PETITION No.6307 of 2022 will be affected. In the instant case, supplies
in the corresponding cost centers are not
HIGH COURT OF ANDHRA PRADESH naturally bundled.

The case of the petitioner is that the The form of the agreement is not
petitioner paid IGST on the interstate important, but its nature/ substance has to
supply. The GST Authority passed the order be seen to arrive at the correct conclusions.
and treated the supply intrastate instead of The clear-cut demarcation of activities to
interstate. The GST Authority directed to pay each cost center demonstrates the intention
cgst and sgst and apply refund as paid igst. of the contracting parties that each cost
On this point the petitioner went to the center is independent supply center
Court and prayed as to direct the undertaking either the supply of goods or
Respondent Authorities to adjust the supply of services.

09

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

From the RBI

Complied by CA. Mayur Modha

In the month of August-2022 RBI-Monetary on withdrawal of accommodation to
Policy Statement, 2022-23 Resolution of the ensure that inflation remains within the
Monetary Policy Committee (MPC) August 3- target going forward, while supporting
5, 2022 growth.
On the basis of an assessment of the current and
evolving macroeconomic situation, the These decisions are in consonance with the
Monetary Policy Committee (MPC) at its objective of achieving the medium-term target
meeting on August 5, 2022 decided to: for consumer price index (CPI) inflation of 4 per
cent within a band of +/- 2 per cent, while
· Increase the policy repo rate under the supporting growth. There are various Master
liquidity adjustment facility (LAF) by 50 directions, Master circulars, notifications issued
basis points to 5.40 per cent with by RBI, Summary and brief understanding of
immediate effect. few of them is as under:

· The MPC also decided to remain focused

10

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

Foreign Tax Credit

Complied by CA. Jay Shah

Background corresponding to such tax has been offered

· An Indian resident is liable to tax in India to tax or assessed to tax in India, in the

on its global income. Thus, income earned manner and to the extent as specified in Rule

anywhere in the world is taxable for Indian 128.

resident in India and it is required to pay · In a case where income on which foreign

income-tax on such income in India. tax has been paid or deducted, is offered to

Considering that the source of income tax in more than 1 year, credit of foreign tax

earned by Indian resident overseas is a shall be allowed across those years in the

foreign country, it is likely that such foreign same proportion in which the income is

country also imposes income-tax on such offered to tax or assessed to tax in India.

income earned by the Indian resident.

· The Rules provide that FTC shall be

· To illustrate, an Indian company has available against the amount of tax,

advanced loan to its subsidiary in Singapore surcharge and cess payable under the

and earns interest from its subsidiary on Income-tax Act, 1961 but not in respect of

such loan. The interest earned by the Indian any sum payable by way of interest, fee or

company will be taxable in India for the penalty.

Indian company. Further, such interest

income will also be taxable in Singapore as · Credit shall not be available in respect of

per its tax laws (subject to the provisions of any amount of foreign tax or part thereof

India-Singapore Double Taxation Avoidance which is disputed in any manner by the

Agreement). This will result in same interest assessee. Credit of such disputed tax shall

income being taxed twice for the Indian however be allowed for the year in which

company i.e. it will be taxable in India as well such income is offered to tax or assessed to

as Singapore. tax in India. This is subject to the condition

that the assessee within six months from the

· In order to avoid such double taxation of end of the month in which the dispute is

same income, the Income-tax Rules, 1962 in finally settled, furnishes evidence of

India provide for credit of foreign tax paid by settlement of dispute and evidence to the

the Indian resident against its tax liability in effect that the liability for payment of such

India. Such foreign tax credit (FTC) is foreign tax has been discharged by him. The

allowable to the Indian resident as per Rule assessee also needs to furnish an

128 of the Income-tax Rules, 1962. Further, undertaking that no refund in respect of

the provisions of the applicable Double such amount has directly or indirectly been

Taxation Avoidance Agreement ('DTAA') claimed or shall be claimed.

between India and the country of source of

foreign income need to be considered for · FTC shall be the aggregate of the

claim of FTC. amounts of credit computed separately for

each source of income arising from a

· This article provides an overview of FTC particular foreign country. Further, the

Rules prescribed under the Income-tax credit shall be the lower of (i) the tax payable

Rules, 1962 for claiming credit of foreign tax under the Income-tax Act, 1961 on such

against Indian income-tax liability. income; and (ii) the foreign tax paid on such

FTC Rules income. Where the foreign tax paid exceeds

· Rule 128(1) of the Income-tax Rules, the amount of tax payable in accordance

1962 provides that an Indian resident shall with the provisions of the DTAA, such excess

be allowed credit of foreign tax paid by him shall be ignored for the purposes of grant of

in foreign country by way of deduction or FTC under Rule 128.

otherwise, in the year in which the income

11

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

· FTC shall be determined by conversion of telegraphic transfer buying rate on the last

the currency of payment of foreign tax at the day of the month immediately preceding the

telegraphic transfer buying rate on the last month in which such tax has been paid or

day of the month immediately preceding the deducted.

month in which such tax has been paid or · In case of payment of Minimum Alternate
deducted. Tax (MAT) or Alternate Minimum Tax (AMT),

· In case of payment of Minimum Alternate FTC shall be allowed against MAT / AMT in
Tax (MAT) or Alternate Minimum Tax (AMT), the same manner as is allowable against any
FTC shall be allowed against MAT / AMT in tax payable under the normal provisions of
the same manner as is allowable against any the Income-tax Act, 1961.

tax payable under the normal provisions of · Where the FTC available against MAT /
the Income-tax Act, 1961.
AMT exceeds the amount of tax credit
· Where the FTC available against MAT /
available against the normal provisions, then
AMT exceeds the amount of tax credit
while computing the amount of MAT credit
available against the normal provisions, then
or AMT credit, such excess shall be ignored.
while computing the amount of MAT credit
or AMT credit, such excess shall be ignored. · The following documents are required

· The following documents are required under Rule 128 for the purpose of claiming
under Rule 128 for the purpose of claiming FTC:

FTC: (i) Form No. 67 – a form to be filed on

(i) Form No. 67 – a form to be filed on income-tax portal

income-tax portal (ii) Certificate or statement specifying the
nature of income and the amount of tax
(ii) Certificate or statement specifying the deducted therefrom or paid by the assessee,
nature of income and the amount of tax
deducted therefrom or paid by the a) from the tax authority of the foreign

assessee, - country; or

a) from the tax authority of the

foreign country; or b) from the person responsible for deduction
of such tax; or
b) from the person responsible for
deduction of such tax; or c) signed by the assessee.

c) signed by the assessee.

The statement furnished by the assessee in The statement furnished by the assessee
clause (c) above shall be valid if it is
inclause (c) above shall be valid if it is
accompanied by:
accompanied by:

a) an acknowledgement of online payment a) an acknowledgement of online payment
or bank counter foil or challan for or bank counter foil or challan for payment
payment of tax where the payment has of tax where the payment has been made by
been made by the assessee the assessee

b) proof of deduction where the tax has b) proof of deduction where the tax has

been deducted. been deducted.

· Earlier, Form 67 was required to be

furnished on or before the due date · Earlier, Form 67 was required to be
specified for furnishing the return of income furnished on or before the due date
under section 139(1). The timeline for specified for furnishing the return of income
submitting Form No. 67 has now been under section 139(1). The timeline for
amended w.e.f. 1 April 2022 and the revised submitting Form No. 67 has now been
timeline will apply to all the FTC claims amended w.e.f. 1 April 2022 and the revised
furnished during FY 2022-2023. As per the timeline will apply to all the FTC claims
amended timeline, Form 67 will now be furnished during FY 2022-2023. As per the
required to be furnished by the Indian amended timeline, Form 67 will now be
resident on or before the end of the required to be furnished by the Indian
assessment year relevant to the previous resident on or before the end of the
year in which the income has been offered to assessment year relevant to the previous
tax or assessed to tax in India. Further, it is year in which the income has been offered to
necessary that the return for such tax or assessed to tax in India. Further, it is
assessment year should have been furnished necessary that the return for such
within the time specified under section assessment year should have been furnished
139(1) or section 139(4). within the time specified under section

FTC shall be determined by conversion of 139(1) or section 139(4).

the currency of payment of foreign tax at the

12

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

RERA UPDATES

Compiled by: CA Mahadev Birla

Real Estate (Regulation and Development) Act, 2016 (RERA,2016)
GujRERA Updates

I –Pre-Trial stage scrutiny of complaints and Rules and Regulation prescribed by
received in Authority MahaRERA, in respect of submission of
GujRERA Order-69 dated 17.08.2022 proforma of the allotment letter, agreement for
sale and the conveyance deed at the time of
Provision of rule 12B of Gujarat Real Estate filing an application for registration of project ,
(Regulation and Development) (Matter relating the MahaRERA Authority has prescribed the
to the Real Estate Regulatory Authority) format of draft allotment letter which shall
Amendment Rules, 2018, requires scrutiny of contain the following
the complaint filed before the Authority. information's/points/clauses :
GujRERA has issued a order GujRERA Order 54
dated 16.10.2021 wherein the power related to a. Details of unit allotted
pre scrutiny has been delegated to Adjudicating b. Details of Allotment of garage/covered
officer, now with the order dated 69 the said
power related to pre scrutiny is distributed as parking space or allotment of open car
follows: parking
c. Receipt of part consideration
a. The Secretary will deal with the complaints d. Disclosure of information's in respect of
related to Ahmedabad district. Sanction Plan, Approved Plan, Stage wise
time schedule of completion of project
b.The Adjudicating Officer will deal with the e. Website address of MahaRERA
complaints other than those of f. Details of Encumbrances
Ahmedabad district. g. Future Payment Details
h. Date of possession
MahaRERA Updates i. Interest for delay payment
RECENT CIRCULARS/ORDERS ISSUED BY j. Refund and deduction on cancellation by
allottee
MAHARERA k. Other payment details
I –Submission of proforma of the allotment l. Proforma of the agreement for sale and
letter and agreement for sale at the time of binding effect:
registration of a real estate project in m. Execution and registration of agreement
compliance of Clause (g) of Sub-section 2 of for sale.
Section 4 of the Real Estate (Regulation and n. Validity of allotment
Development) Act, 2016 o. Headings
Order-31/2022 dated 01.07.2022

As per requirement of Provision of RERA ,2016

13

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

II – - Directions in the matter of application open house meeting the penalty shall be
submitted for Registration of Real 40%
Estate projects and Real Estate j. In the event it is noticed that even after
Agents, Project Extensions and payment of 40% of the Penalty amount,
Corrections applications are resubmitted without
having complied with the scrutiny
Order-32/2022 dated 01.07.2022 remarks, the case shall be referred to the
Authority for appropriate orders.
MahaRERA has issued a Order no 32/2022 dated
01.07.2022 wherein the process of registration III - Regular Updates on Registered
application is explained Projects by Promoters

a. If all the information is uploaded Order-33/2022 dated 05.07.2022
properly, and found in order, the MahaRERA had issued an Order no: 18/2021
application will be submitted to next dated 28 July 2021 on Quarterly updates for
level for approval. registered projects. However, there was a
need to simplify the various updates and
b. In case where an application is submitted categorise them as per required frequency
with discrepancy such application shall of updation.
be treated as an incomplete application
and such application shall be sent back to To ensure that Real Estate Projects related
the applicant with remark. data is updated and current, MahaRERA is
laying down following process for Project
c. On resubmission of the application, if all Updates:
scrutiny points are complied then
application shall be submitted to next MahaRERA has categorized all the updates
level for approval else application shall to be provided by the Promoter in seven
be again sent back to applicant. categories namely:

d. Applicant can approach to MahaRERA i. Quarterly Updates
Help desk for clarification on scrutiny ii. Annual Updates
points. iii. Updating of Forms for Withdrawal

e. On again resubmission of the application, of Money from Designated Bank
if all scrutiny points are complied then account
application shall be submitted to next iv. Other Regular updates from time
level for approval else applicant shall be to time
informed to appear in open House v. Updates on Completion of Project
Meeting before the designated official of with Form 4 & OC
MahaRERA on a scheduled date vi. Updates on Conveyance of Project
(Physically or Virtually) for resolving of (3 months after OC)
the issues / queries.
IV -- Declaration about Separate Bank
f. Remarks brought to the notice of the Account for real estate projects
applicant during the open house meeting Order-34/2022 dated 27.07.2022
is to be complied and the complete
application to be submitted within 7 days MahaRERA Authority has issued an order
after the date of the open house meeting wherein it is directed that Every promoter at
the time of registration of a real estate project
g. On resubmission of application after the in addition to providing the bank details of the
open house meeting, if all the separate bank account in the application for
information is uploaded property and registration shall provide a Declaration about
the same is found in order, such the separate bank account for the real estate
application will be submitted to next project on the Letterhead of the promoter in
Level for approval else such application the manner as detailed in Format 'A' of this
shall then be considered as incomplete, Order.
closed and filed.

h. Resubmission of the applications
thereafter shall be permitted and taken
up for consideration only on payment of
penalty of 25%, of the registration fees
in the 1st (first) instance.

i. On resubmission again the above process
will be followed but in case of second

14

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

Excel in Excel

Compiled by: CA. CS. Hemlata Dewnani

Power Pivot

Power Pivot is a business intelligence tool Order Register - Product Key, Order No.,
available in the version of Excel 2016 and Order Date, Qty, Sales Value etc.
onwards. With Power Pivot, we can import
heavy data from various sources (Text, Access, We want to derive “Product name wise Sales”,
Oracle etc.), perform analysis on heavy data, however none of the data sets above, alone
create relationships between heterogenous gives the full picture. We will use Power Pivot to
data, avoid use of complex formulas and helper create relationship between data sets, instead
columns etc. of creating complex records on a single sheet.
Installing Power Pivot add-in:
1. Go to File>Options>Add-Ins.
2. In the Manage box, click COM Add-
ins>Go
3. Check the Microsoft Office Power Pivot
box, and then click OK.

a. Add both the data sets into power pivot
window by clicking “Add to Data Model” in
Power Pivot tab, the data should in the table
format as Power Pivot window recognizes
only table objects.

b. After adding the data set click “Diagram
View” and connect the common columns
“Product Key” in both the data set to create
relationship as shown in below.

Combining and Analyzing data from multiple c. After connecting the common field click
data sets using Power Pivot on the “Pivot Table” and we can have pivot for
For example, we have two datasets having multiple data sets as shown below
related columns
Product Master - Contains product details
Product Key, Product Name, stock levels,
reorder quantity etc.

15

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

Motivational Story

Compiled by: CA. CS. Hemlata Dewnani

“Shakti”

Navratri is a 9 day-long festival that is devas, or gods, were in a perpetual fight. So,
celebrated in India. Navratri is the after receiving this gift, Mahishasura goes on a
celebration of Devi Durga and her 9 rampage through both heaven and earth that
forms. Devi Durga is also synonymous with Adi resulted in him conquering both realms and the
Shakti. Adi Shakti means energy, power, and devas having to retreat into the mountains.
empowerment. Adi Shakti celebrates the Once there, the deities combine their powers
female energy of the universe. The energy that and give them to Durga. Durga, wielding the
brings about equilibrium and balance. The nine weapons of the gods, goes to battle against
forms of Devi Durga – 9 goddesses of Navratri – Mahishasura riding a lion. Durga cuts off the
are Maa Shailaputri, Maa Bhramacharini, Maa head of the buffalo demon and kills
Chandraghanta, Maa Kushmanda, Maa Mahishasura with her mighty sword. Durga can
Skandamata, Maa Katyayani, Maa Kaalratri, Maa do this because she is neither man nor god, but a
Mahagauri, and Maa Siddhidatri. goddess.

Durga is known as the “destroyer of the buffalo This victory over Mahishasura is celebrated in
demon”. The name of the demon is parts of eastern India with a ten day festival held
Mahishasura. Mahishasura was born from a she- during the seventh month of the Hindu
buffalo and the King of the Asura's Rambha. calendar. This festival coincides with Navrati, a
Mahishasura succeeded his father and at the nine-night festival that celebrates the Devi. The
time of this story is King of the Asuras. celebration concludes on with Vijaya Dashami,
Mahishasura wants to defeat the Devas in battle or the Tenth Day of Victory. This day is
so he goes to the mountains to pray to Brahma celebrated with loud chants and drums as well
for the help. Initially, Mahishasura asks for as idols of the Goddess are sent to the river to be
immortality but Brahma tells him this is an submerged so that she may be with her
impossible request. So Mahishasura asks husband, Shiva
Brahma for the power to not be killed by neither
man nor God. Brahma agrees and Mahishasura Energy, ability, strength, effort, power, and
was granted invulnerability from both men and capability" is the primordial cosmic energy, and
gods. Brahma gives Mahishasura this power represents the dynamic forces that are
because of Mahishasura's prayers to him. This is thought to move through the universe which is
important to the story because asuras and inside you

16

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

Congratulation

CA(Dr.) Durgesh Pandey, member of Ahmedabad branch and well known face in Forensic
Accounting and Financial crime Investigation domain was awarded PhD in Forensic Accounting
from National Forensic Sciences University, Gandhinagar an Institute of National Importance
under Ministry of Home Affairs, Government of India. His thesis was on the topic Forensic
Analysis of Financial Frauds wherein he analysed critical cases of Bank Frauds prosecuted by
Central Bureau of Investigation. He was conferred the degree on 28-08-2022 by Shree Amit bhai
Shah, Hon. Minister of Home Affairs, Government of India.

ICAI Nairobi Chapter felicitates CA Durgesh Pandey

The Kenya Chapter of the Institute of Chartered Accountants of India, recently felicitated its own
member CA Durgesh Pandey from India, on his achieving a PhD (Doctorate), in “Forensic Analysis of
Financial Frauds”. From National Forensic Science University (NFSU) India.

CA Durgesh Pandey is a Fellow Chartered Accountant from The Institute of Chartered Accountants of
India, and Certified Fraud Examiner - USA. PhD on Financial Forensic and Financial Crime Investigation
from National Forensic Science University (An Institute of National Importance under Ministry of Home
Affairs, Government of India). Managing Partner in a Boutique Firm predominantly practicing in the
domains of Forensic Accounting, Financial Forensics, Investigative Audits and Dispute Resolutions.
Worked on Forensic and Investigative Audits Assignment abroad on multiple projects.

In an event organized on 29th July, 2022, at BAPS Sayona Restaurant, Nairobi, The Chapter's Chairman CA
Parveen Bajaj, welcomed CA Durgesh Pandey and all the members to this event and The Chapter's Past
Chairman CA Sathymoorthy Rajagopal congratulated CA Durgesh Pandey on this commendable
achievement. CA Durgesh Pandey shared his experience in Forensic and Financial Crime Investigations
and his journey of achieving this Doctorate. On this occasion, the Chapter organizing a cake-cutting
ceremony to felicitate Dr. CA Durgesh Pandey in which the Sayona Resturant's staff sang a melodious tune
to everyone's joy. The meeting concluded with a vote of thanks by CA Kamal Kishore Mittal, The Chapter's
2nd Vice Chairman, who thanked all the members present.

17

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

Event in Images

Seminar on Direct Taxes On 04.08.2022 2nd Women RRC For Women at Saputara
from 05 to 07.08.2022

Two Day Seminar on IBC On 5th & 6th August, 2022
CAMPUS ORIENTATION PROGRAMME - on 09-08-2022

Press Conference on 10-08-2022

17

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

Azadi Ka Amrit Mahotsav - Har Ghar Tiranga on 13-08-2022

Adikham Gujarat Ni Gaurav Gatha - Musical Event 14-08-2022

Financial & Tax Literacy Drive by ICAI

18

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

Amdavad Heritage Morning Walk on 14.08.2022

INDEPENDENCE DAY CELEBRATION on 15th August, 2022 at Ahmedabad Branch

19

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

Seminar on Preparation of Annual Reports In Excel on 25.08.2022

Free Covid Precaution Dose (Booster Dose) Drive For CA's & Their Family Members on 23-08-2022

Mock Audit Committee And Board Meeting On 27.08.2022

20

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

ICAI MSME Yatra At Ahmedabad on 28.08.2022

Green Ganesha Workshop for Members and Their Family Members on 29.08.2021

21

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

Media Coverage

22

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

23

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

24

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

25

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

Upcoming Events

26

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

27

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

28

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

29

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

30

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

31

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

32

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

33

September - 2022 AHMEDABAD BRANCH OF WIRC OF ICAI

Disclaimer: The opinion expressed in this E-Newsletter are those of the authors. They do not purport to reflect the opinions or views of the ICAI or its
members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion
whatsoever on the part of the ICAI concerning the legal status of any country, area or territory or its authorities, or concening the delimitation of its
frontiers.

34