Tribunal opined that the alleged non-payment cannot be called as willful or intentional act of the appellant to evade the payment of duty. Lastly, it was adjudged that it is the burden of the Revenue to prove whether the Assessee has intended to conduct evasion.
Rate of interest, if any, payable on the advance payment shall not exceed 100 basis points above the London Inter-Bank Offered Rate (LIBOR) or other applicable benchmark as may be directed by the Reserve Bank, as the case may be
Learn about the penalty imposed by the Ministry of Corporate Affairs on FERANBRAJ TOLL AND HIGHWAY PRIVATE LIMITED for violating Section 15 of the Companies Act, 2013.
Sterne India Pvt. Ltd. Vs Union of India (Karnataka High Court) Karnataka High Court quashes Provisional Attachment of Bank Accounts under GST In the matter of Sterne India Pvt. Ltd. Vs Union of India and others, Writ Petition no. 12875/2020 vide its judgment dated 08.09.2021. Advocate for the Petitioner was Sh. Dharmendra Kumar Rana. GST […]
Discover the case of M/S FERANBRAJ TOLL AND HIGHWAY PRIVATE LIMITED penalized for non-compliance with Companies Act Section 118(10). Analysis of the penalty imposition and its implications.
This is one out of a series of articles that will follow onwards. The sole purpose of these articles is to simplify and to present the provisions of GST Laws in a comprehensible manner. The matter of deliberation in this article is the ‘Registrations under CGST Act, 2017‘. Registration under GST renders the registered person […]
The CGST Act under Section 29 provides for Cancellation of Registration under specified circumstances while at the same time Section 30 also provides a facility for Revocation of Cancellation of Registration in case the Registration is cancelled suo-motto by the Tax Officer. Generally, the time limit for Application for Revocation of Cancellation of Registration is […]
In line with the same, SEBI after near about 18 years has issued a circular to introduce a shorter settlement cycle. The settlement cycle is shortened after keeping in view the requests from various stakeholders and discussions with Stock Exchanges, Clearing Corporations and Depositories. With the advent of the same, it has been decided to provide flexibility to Stock Exchanges to offer either T+1 or T+2 settlement cycle.
During an inquiry replies submitted by company were not on official letterheads, and crucial details like CIN, registered office address, and contact information were missing. This omission constituted a violation of Section 12(3) of Companies Act, 2013.
Textile company cannot claim input tax credit of GST charged by the Medical/ Health Insurance Company in respect of insurance done for employees
