Bhuta Shah & Co LLP | Chartered Accountants

As businesses navigate the evolving landscape of Corporate Social Responsibility (CSR), the role of accurate and impactful CSR accounting has never been more critical. Mr. Rajesh Shah, Partner- Audit and Corporate Tax, delves into the challenges of CSR accounting and outlines actionable pathways for businesses to achieve meaningful impact through transparent reporting. Click here to read more:  https://lnkd.in/gTnnAXVz #BhutaShah #BhutaShahInsights #CSRAccounting #CorporateResponsibility #EthicalBusiness #CSRChallenges #EnvironmentalEquity

How will the suspension of Swiss MFN status impact Indian firms and inbound investments? The recent move raises critical challenges around tax treaties, potentially affecting cross-border operations and investment flows into India. Hemen Asher, our Managing Partner, delves into the implications and offers expert guidance on navigating this evolving tax landscape. Reported by Alekh Shah, click here to know more: https://lnkd.in/gyDTYs55 #Bhutashah #TaxUpdates #MFNStatus #InternationalTaxation #TaxStrategy #GlobalTaxNews

Can increased remuneration for auditors come at the cost of independence and quality? When addressing the Banking Laws Amendment Bill 2024, Atul Gala highlights a critical issue: while higher compensation for auditors is a welcome change, it raises potential challenges to maintaining professional objectivity and audit quality. Reported by Alekh Shah, read through the insightful analysis here: https://lnkd.in/dxR4BnAK #Bhutashah #BankingLaws #CorporateGovernance #FinancialIntegrity

Presenting the brand-new edition of our newsletter—BSC Beacon: Stay informed on the ever-evolving world of taxation and regulations with our November 2024 newsletter. Dive into expert insights, landmark case analyses, and practical compliance tips to navigate your business and financial challenges. This month’s key highlights: -Bombay High Court ruling on Section 12A registration applications -Supreme Court judgment on considering the guarantee fee charges separate from Interest as per India-UK DTAA -Key GST updates impacting businesses Read the full newsletter here: https://lnkd.in/dsSPP57f #BhutaShah #TaxUpdates #Newsletter

What do recent clarifications mean for GST intermediary services? Understanding the complexities of GST intermediary services is crucial for compliance and strategic planning. This article sheds light on recent clarifications and litigations. Learn more by clicking here: https://lnkd.in/g-JUJyPx

Stay compliant with our November 2024 Compliance Calendar in the latest BSC Beacon. 🔔 Key dates: 1. Extended deadline for corporate and audit cases for filing income tax returns - AY 2024-25 2. Deadlines for TDS and GST compliance Make compliance effortless with our clear and concise guide. Download your copy today!   https://lnkd.in/dQxs-VAs #ComplianceCalendar #TaxPlanning #BSCBeacon

What can you expect from the 55th GST council meeting? The next GST council meeting will be held in the coming weeks. It is set to tackle critical issues such as establishing appellate tribunal benches, revisiting rate rationalisation, and addressing taxpayer relief measures. These decisions could redefine compliance and dispute resolution for businesses across sectors. Stay informed and prepare for the potential changes that may impact your business operations and tax strategies. Learn more about the next GST council meeting:  https://lnkd.in/ggvgisS6 #BhutaShah #GSTCouncilUpdate #BusinessTaxation #GSTIndia #TaxStrategies

IBBI Comes Up With Timely Grievance Redressal And Enforcement Framework Harsh Bhuta, Partner at Bhuta Shah & Co., believes these changes are crucial. The Insolvency and Bankruptcy Board of India's latest grievance redressal framework marks a significant step forward, ensuring transparency, accountability, and fair treatment of stakeholders. By integrating prompt grievance resolution, efficient enforcement, digital compliance tracking, and streamlined disciplinary actions, the framework ensures quicker decision-making, minimizes procedural delays, strengthens trust in the insolvency process, and sets a new benchmark for compliance standards and efficiency. At Bhuta Shah & Co., we're ready to help clients adapt and thrive under these updates. Click the link to read the full article:  https://lnkd.in/gUQxq7Kw #IBBI #Insolvency #CorporateGovernance #Transparency #RegulatoryCompliance #DigitalTransformation #Accountability #StakeholderEngagement #FairSystem #TrustInFramework

What will be the impact of an extension of the GST Compensation Cess beyond March 2026? Dipti Nayak, Director at Bhuta Shah & Co. LLP, believes it could pose a burden on certain businesses and industries. For instance, the continuation of the GST Compensation Cess beyond March 2026 may significantly impact the automotive sector, which plays a pivotal role in driving the growth of the Indian economy. Extending the GST Compensation Cess may not align with public interest, as it could exert inflationary pressures, ultimately burdening consumers. Click on the link to read the article https://lnkd.in/diubDaFa #GSTCompensationCess #IndianEconomy #AutomotiveSector #InflationImpact #TaxPolicy #ConsumerBurden #EconomicGrowth #PublicInterest #BusinessImpact #IndiaTaxes

Is there a need for a simplified GST system to foster India's economic growth? Dipiti Nayak, Director at Bhuta Shah & Co, advocates for a three-tier GST structure to minimize ambiguity, streamline processes, and simplify operations for businesses. She views GST reforms as a positive step toward improving compliance and rationalizing the tax framework. According to her, aligning tax rates with the value of products is crucial, ensuring essential goods remain subject to minimal taxation  Click on the link to read the article https://lnkd.in/gCVjihcn #GSTReforms #SimplifiedGST #EconomicGrowth #TaxSimplification #EaseOfDoingBusiness #IndiaEconomy