"30 July 2021" Archive

Limited Liability Partnership (Amendment) Bill, 2021

Bill No. XXXI of 2021 30/07/2021

THE LIMITED LIABILITY PARTNERSHIP (AMENDMENT) BILL, 2021 is A BILL to amend the Limited Liability Partnership Act, 2008 and same was introduced in Rajya Sabha on 30/07/2021. Full text of the Limited Liability Partnership (Amendment) Bill, 2021 as introduced in Rajya Sabha is as follows:- AS INTRODUCED IN THE RAJYA SABHA [Bill No. XXXI of ...

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HC quashes GST Assessment order passes without Fair opportunity of hearing

National Enterprises Vs Union of India (Patna High Court)

National Enterprises Vs Union of India (Patna High Court) Having heard learned counsel for the parties as also perused the record made available, we are of the considered view that this Court, notwithstanding the statutory remedy, is not precluded from interfering where, ex facie, we form an opinion that the order is bad in law. […...

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Clarification on spending of CSR funds for COVID-19 vaccination

General Circular No. 13/2021 30/07/2021

Spending of CSR funds for COVID-19 vaccination for persons other than the employees and their families, Is an eligible CSR activity under item no. (i) of Schedule VII of the Companies Act, 2013 relating to promotion of health care including preventive health care and item no. (xii) relating to disaster management. General Circular No. 13/...

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Delhi Goods and Services Tax (Amendment) Act, 2021 

Bill No. 03 of 2021 30/07/2021

This Act may be called the Delhi Goods and Services Tax (Amendment) Act, 2021. (ii) Section 6 of the Act shall be deemed to have come into force from 1st June, 2021; remaining provisions shall come into force on such date as the State Government may, by notification, in the Official Gazette, appoint; and the different dates may be appo...

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Tax evasion cannot be presumed merely based on e-way bill expiry

The Hon’ble Telangana High Court in Satyam Shivam Papers Pvt. Ltd. v. Assistant Commissioner ST & Ors. [Writ Petition No. 9688 of 2020 dated June 2, 2021] set aside the order in Form GST MOV-09 passed by the Revenue Department, imposing tax and penalty on the assessee due to the expiry of the e-way bill […]...

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Posted Under: Corporate Law |

Cabinet approves amendments to LLP Act

Limited Liability Partnership Amendment Bill, 2021 The Cabinet on 28th day of July, 2021, Wednesday, approved amendments to the Limited Liability Partnership (LLP) Act for decriminalising offences under the law as the government looks to improve ease of doing business and encourage start-ups. LLPs are becoming popular among start-ups. Cur...

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Posted Under: Corporate Law |

HC imposed cost on GST Department for non-appearance and non-filing of counter-affidavit

Anand and Anand Vs Union of India and Ors. (Delhi High Court)

Anand and Anand Vs Union of India and Ors. (Delhi High Court) Hon’ble High Court of Delhi imposed the cost of Rs. 20,000 on Audit-I and GST EAST for non-appearance and non-filing of the counter- affidavit. Stated that if the Respondent wishes to file a counter-affidavit, cost of Rs.20,000/- will have to be deposited with […]...

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Govt received complains against marketplace e-commerce entities

Government has received complaints from traders, retailers and industry associations against marketplace e-commerce entities regarding deep discounting, predatory pricing and misuse of market dominance.The said complaints have been forwarded to relevant Government agencies for necessary examination and investigation....

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Posted Under: Corporate Law |

Fake Invoice Appeal – Draft Appeal Submission & Form GST APL-01

Article contains Filled Form GST APL – 01, Statement of Facts, Grounds of Appeal alongwith detailed submission in a case in which Revenue Alleged that Appellant made Purchases from Fraudulent and non-existent firms. Form GST APL – 01 [See Rule 108(1)] Appeal to Appellate Authority 1. GSTIN/TEMPORARY ID/UIN XXXXX 2. Legal name ...

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Posted Under: Corporate Law |

Introduction to Section 8 Company under Companies Act 2013

We have heard a lot about non-profit organization and companies with charitable objectives. The concept of Section 8 companies was introduced in the Companies Act 2013 that permitted companies with charitable objectives. These companies are registered without the words ‘Limited’ or ‘Private Limited’. The main objectives behind Sec...

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Posted Under: Corporate Law |

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