Detectable Fraud Schemes and Data Analysis

  Forensic data analytics can help identify numerous types of fraud potentially occurring inside an organization. These detectable fraud schemes include, but are not limited to: Unauthorized master vendor file changes Check tampering Ghost employees Unauthorized wage changes Falsified salaries and/or hours Commissions schemes Fraudulent expense reimbursements Theft of cash receipts Inventory schemes Corruption schemes Fraudulent…

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Clarification regarding determination of place of supply in case of software/design services related to Electronics Semi-conductor and Design Manufacturing (ESDM) industry

Clarification regarding determination of place of supply in case of software/design services related to Electronics Semi-conductor and Design Manufacturing (ESDM) industry 1. Various representations have been received from trade and industry seeking clarification on determination of place of supply in case of supply of software/design services by a supplier located in taxable territory to a…

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Exception to monetary limits for filing appeals specified in any Circular issued under Section 268A of the Income-tax Act, 1961-reg

Reference is invited to the Circulars issued from time to time by Central Board of Direct Taxes (the Board) under section 268A of the Income-tax Act,1961 (the Act), for laying down monetary limits and other conditions for filing of departmental appeals before Income Tax Appellate Tribunal (ITAT), High Courts and SLPs/appeals before Supreme Court. Several…

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Basics of Data Analysis

Data Analysis is a process of collecting, cleaning, transforming and modeling data with the goal of discovering the required information. Benefits of doing Data Analysis Increased revenues, Improved operational efficiency, Optimized marketing campaigns and customer service efforts, Respond more quickly to emerging market trends and Gain a competitive edge over rivals — and above all will…

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Extending the Due Date for Filing of Annual return / Reconciliation Statement for the Financial year 2017-18 in FORMs GSTR-9, GSTR-9A and GSTR-9C to 30th November, 2019.

S.O.(E).––WHEREAS, sub-section (1) of section 44 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this Order referred to as the said Act) provides that every registered person, other than an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a…

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Seeks to Extend the Date from which the Facility of Blocking and Unblocking of e-way bill Facility as per the Provision of Rule 138E of CGST Rules, 2017 shall be Brought into Force to 21.11.2019.

G.S.R. ….(E)— In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, and on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the…

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