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Archive: 28 July 2021

Posts in 28 July 2021

Increase in Authorized Capital of Company | Companies Act, 2013

July 28, 2021 8679 Views 0 comment Print

The Capital or say fund is backbone if every business. So, this fund is called as Capital in case of Company. The amount of share capital or equity financing a company has can change over time. A company that wishes to raise more equity can obtain authorization to issue and sell additional shares, thereby increasing […]

Key features of SPICe+ & Ministry initiative for Ease of Doing Business

July 28, 2021 2115 Views 0 comment Print

Key features of SPICe+ for Greater Ease of Doing Business As part of Government of India’s Ease of Doing Business (EODB) initiatives, the Ministry of Corporate Affairs has deployed a new Web Form christened ‘SPICe+’ (pronounced ‘SPICe Plus’) replacing the earlier SPICe form. SPICe+ offers 11 services by 3 Central Govt Ministries & Departments (Ministry […]

Initiation of sunset review investigation on imports of Wire Rod of alloy or non-alloy steel

July 28, 2021 375 Views 0 comment Print

INITIATION-NOTIFICATION Dated: New Delhi, the 28th July, 2021| (Case No. AD (SSR) – 15/2021) | Initiation of sunset review investigation concerning imports of Wire Rod of alloy or non-alloy steel originating in or exported from China PR

Hc releases Ambulances which were detained for not having E-way bill

July 28, 2021 4875 Views 0 comment Print

East India InfoTech Pvt. Ltd. Vs State of Tripura (Tripura High Court) Considering the prime defence of the petitioner that he is not a registered dealer nor is he dealing in purchase and sale of vehicles and the ambulances have been purchased by the petitioner only for its own use and purpose since the petitioner […]

Doctrine of Natural Justice

July 28, 2021 65619 Views 1 comment Print

INTRODUCTION The Phrase ‘Natural Justice’ means that justice should be impartial, fair, equal for all and ensuring protection of individual rights against arbitrary procedures and miscarriage of justice by the authorities. In other words, it is the soul of the body of justice and foundation on which delivery of justice is based. The rules of […]

LLP not required to pay service tax under reverse charge mechanism

July 28, 2021 3288 Views 0 comment Print

SRL Advisors LLP Vs Commissioner of Central Tax Delhi (CESTAT Delhi) Rule 2(bc) of Service Tax Rules, refers to the meaning of ‘body corporate’ in Section 2(7) of the Companies Act, wherein any other body corporate which includes a LLP is specifically excluded from the definition of body corporate. Thus I hold that the appellant […]

RBI Booklet on Modus Operandi of Financial Fraudsters

July 28, 2021 6381 Views 0 comment Print

There has been a sizable surge in usage of digital modes of payment during the recent years. This has not only led to improved customer convenience, but also contributed to achievement of national objective of financial inclusion to a great extent.

New Income Tax Portal – Kabhi Khushi Kabhi Gham

July 28, 2021 29352 Views 42 comments Print

Arjuna (Fictional Character): Krishna, the Income Tax Department launched the new income tax e-filing portal on 7th June 2021 to make it more taxpayer-friendly. But instead of providing an easy and smooth interface, the new portal has posed various issues. Krishna (Fictional Character): Arjuna, after the launch of the new portal, due to technical glitches, […]

DIN-KYC Fees of Rs. 5000 is nothing than extortion for Non compliances

July 28, 2021 5064 Views 2 comments Print

BJP professional cell, Mumbai has requested FM that The KYC for DIN Of Director should be once in 5 years or linked to be Aadhar etc. unless there are changes to be voluntarily complied and Even if there is delay a token fee to be levied (Say Rs. 100)  and not Rs.5000 which is nothing […]

One-to-one correlation between output & input service not required for claiming refund

July 28, 2021 4032 Views 0 comment Print

CESTAT held that, there is no need to establish one-to-one correlation between output service exported and input service used in such services.

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