Ideally, all the decisions we make in life involve considering both the pros and cons of possible outcomes. Check out the article written by Ali Sami Farooq to know more. Most things in life have both positive and negative sides, and our actions should be – though not always – based on the fact that […]
Buy Back of Shares/Securities As Per Companies Act And SEBI Regulations (Buy Back of Securities) 2018 Statutory Provisions of Buy-Back of Shares as Per Companies Act 2013 and SEBI Act SEBI Regulations (Buy Back of Securities) 2018 Criteria Tender Offer Stock Market Book-Building Meaning Buy-back by a Letter of Offer to shareholders @ Fixed Price […]
Doosan Power Systems India P.Ltd. Vs DCIT (ITAT Chennai) We find that issue of belated payment of employees contribution to PF & ESI is allowable expenditure u/s.43B of the Act or not is no longer res integra. The Hon’ble Supreme Court in the case of M/s.Vinay Cements Ltd. (supra) and also in the case of […]
[Suo motu Writ Petition (Civil) No. 3 of 2020, In Re: Cognizance for Extension of Limitation] The Supreme Court on 08th March, 2021 decided to end the extended limitation period granted to litigants for filing appeals. A Bench led by Chief Justice of India (CJI) S.A. Bobde, on March 23 last year, invoked its extraordinary […]
IAMAI today appealed to the Government of India not to ban cryptocurrency, proposing to develop robust mechanisms to regulate the ecosystem. Cryptocurrency has been generating jobs across a variety of functions — legal, compliance, tech, marketing, business development, finance, etc. — in India and abroad. Given the scale and diversity, the good governance and regulation of the cryptocurrency ecosystem in India is critical and will give impetus to the Government of India’s Digital India vision.
In re Sangal Papers Limited (GST AAAR Uttar Pradesh) Q-1 As regard to the question of the Applicant that When the GST has been paid on the freight in the case of indigenous supplies, Whether the supplier is required to pay again GST on the freight under RCM, we are of the opinion that the […]
In re Olety Landmark Apartment Owner’s Association (GST AAR Karnataka) Whether the Applicant is liable to pay GST on amounts which it collects from its members for setting up the ‘Sinking Fund’/Corpus Fund? The amounts collected by the applicant towards Sinking Fund amount to advances meant for future supply of services to members, covered under […]
In re ICU Medical India LLP (GST AAAR Tamilnadu) Whether GST is leviable on the reimbursement of the subsidiary company to its ultimate holding company located in a foreign territory outside India and In case GST is leviable, what is the GST rate applicable to the said reimbursement of expenses? The fact of reimbursement does […]
In re M/s Kalis Sparkling Water Private Limited (GST AAAR Tamilnadu) The Customs Tariff under single dash(-)CTH 2202 10 includes Waters, including mineral waters and aerated waters, containing added sugar or other sweetening matter or flavoured and under the said (-), CTH 2202 10 90(with a (—)) covers others. The above heading as per the […]
Virender Kumar Vs ITO (ITAT Jaipur) It is noted that the assessee is in the diary business in the name and style of M/s Mohan Diary, Tijara and in pursuant to notice u/s 148, he has filed his return of income u/s 44AD declaring gross receipts from his diary business amounting to Rs 14,56,230/-. The […]
