Scheme for Condonation of Delay [For Companies restored between 1st December, 2020 to 31st December, 2020 u/s 252 of the Companies Act, 2013] ♦ The Ministry of Corporate Affairs (MCA) has introduced the Companies Fresh Start Scheme, 2020 (CFSS-2020) through General Circular No. 12/2020 dated 30th March, 2020 and through General Circular No. 30/ 2020 […]
The Consolidated FDI policy Circular of 2020, issued by the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, effective from October 15, 2020, provides for the regulations applicable on entities operating under the Single Brand Retail Trade (SBRT) regime in India. The aforesaid regime allows a person resident outside India (PROI), […]
Failure to comply with the process of registration of GST can lead to various consequences, that a person can neither claim any Input Tax Credit nor can collect tax from his customers.
Since complainant was neither Registrar of companies nor a shareholder of the company or a person authorized by the Central Government to file the complaint, therefore, the complaint was dismissed as no other person can initiate any criminal proceeding against a company for the offence committed under the Act of 2013 .
Dimension Data India Private Ltd. Vs Commissioner of Customs And Anr. (Bombay High Court) The expression “mistake” appearing in section 154 of the Customs Act may be defined as something done unintendedly or through inadvertence. The section itself says that the error in any decision or order should be due to any accidental slip or […]
Himanshu Infraprojects Pvt. Ltd. Vs Commissioner, Central Goods & Services Tax (Punjab & Haryana High Court) In the present case Section 83 order was passed by the Assistant Commissioner. As per the counsel for the respondents the order itself reveals that it was passed with the consent of the Commissioner. However, this would not be […]
Whether, the Tribunal was justified in law in holding that the expenditure incurred in connection with the issue of IPO inter alia stamp duty is an allowable expenditure under section 35D of the I.T. Act
