"18 September 2021" Archive

Application of Moratorium under Insolvency & Bankruptcy Code

Recently, The Supreme Court in the case of Anjali Rathi and Others Versus Today Homes & Infrastructure Pvt. Ltd. and Others … which is related to the housing project being developed by the respondent observed that moratorium under Insolvency & Bankruptcy Code, 2016 applies only to Corporate Debtors not to its promoters which is ...

Read More
Posted Under: Corporate Law |

Moratorium under IBC applies only to Corporate Debtors not to promoters

Anjali Rathi Vs Today Homes & Infrastructure Pvt. Ltd. (Supreme Court of India)

However, it clarified that the moratorium was only in relation to the Corporate Debtor (as highlighted above) and not in respect of the directors/management of the Corporate Debtor,...

Read More

Related Party Transactions | Companies Act, 2013 | SEBI (LODR) Regulations, 2015

Following is the comparison of provisions given in the Companies Act, 2013 and SEBI (LODR) Regulations, 2015 relating to Related Party Transactions. Sl. No. Particulars Companies Act, 2013 SEBI LODR 1. Applicability Applicable to the following: ♦ Companies incorporated under the Companies Act, 2013 Applicable to the following: ♦ Liste...

Read More
Posted Under: Corporate Law |

45th GST Council Meeting: Boon or Bane?

The 45th GST Council Meeting convened in Lucknow on 17th September, 2021 for its first physical meeting in 20 months with a packed agenda. A plethora of decisions & recommendations were made. The following is a summary & detailed analysis of various decisions taken: 1. Extended concessions to specified drugs used in COVID treatmen...

Read More
Posted Under: Corporate Law |

SC ruling on interest chargeability under section 234B

DIT Vs Mitsubishi Corporation (Supreme Court of India)

Director of Income Tax Vs Mitsubishi Corporation (Supreme Court of India) 1. In the judgment delivered by the Supreme court today on chargeability of interest u/s 234B it is held that prior to the financial year 2012-13, the amount of income-tax which is deductible or collectible at source can be reduced by the assessee while […]...

Read More

GST on marine propellers, rudder set, stern tube set, propeller/M.S. shaft

In re Dharsak. V.P. Saraswathi Metal Industries (GST AAR Kerala)

In re Dharsak. V.P. Saraswathi Metal Industries (GST AAR Kerala) Commodities such as marine propellers, rudder set, stern tube set, propeller shaft and M.S. Shaft for couplings used as a part of fishing / floating vessels would come under the Entry 252 of Schedule 1 of Notification No. 01/2017 Central Tax (Rate) dated 28.06.2017 and [&hel...

Read More

Mixing of rubber compound on materials supplied by principal is Job Work

In re Eastern Polymers (GST AAR Kerala)

In re Eastern Polymers (GST AAR Kerala) Q:Whether mixing of rubber compound on the materials supplied by the principal and returning the finished products to the principal will come under Sl.No. 26(i)(b) of Notification 11/2017 -CT(Rate) and SRO.No.370/2017? Answer: Mixing of rubber compound on the materials supplied by the principal and ...

Read More

PVC Tufted Coir Mats and Matting falls under CTH 57039090

In re Cocofibre Industries Private Limited (GST AAR Kerala)

In re Cocofibre Industries Private Limited (GST AAR Kerala) Q.1: Whether or not PVC Tufted Coir Mats and matting can be fitted into low band of tax rate of 5% as Coir Mats and Matting corresponding to entry in Schedule-I.Serial No.2019-5702,5703,5705-Coir Mats, Matting, floor covering and handloon durries with eligibility for refund of i...

Read More

Income Tax Department searches prominent actor in Mumbai

The Income Tax Department conducted a search and seizure operation at various premises of a prominent actor in Mumbai and also a Lucknow based group of industries engaged in infrastructure development. Total 28 premises spread over Mumbai, Lucknow, Kanpur, Jaipur, Delhi, and Gurgaon have been covered in the search operation....

Read More
Posted Under: Corporate Law |

ICAI allows UDIN generation within 60 days from signing of certificates/reports/document

With an aim to align the time limit for generating UDIN with the Standards on Auditing and Standard on Quality Control, the Council at its 405th meeting held on 17th September 2021 has decided that the time limit of generating UDIN would be 60 days from the date of the signing of certificates/reports/document instead of 15 days henceforth...

Read More
Posted Under: Corporate Law |

Search Posts by Date

October 2021
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031