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Archive: 10 February 2022

Posts in 10 February 2022

 2 out of 5 compliances can send an entrepreneur to jail

February 10, 2022 1083 Views 1 comment Print

Doing business in India is challenging due to the presence of imprisonment clauses in its business laws enacted since Independence. What policy reforms are required to transform India’s business climate?

CA Final & Foundation December 2021 Pass percentage & Topper List

February 10, 2022 29754 Views 0 comment Print

ICAI declares CA Final (New & Old Scheme) & CA Foundation Examination December 2021 Pass percentage & List of Top 3 students. This post contains Pass Percentage and Toppers of Chartered Accountants Final (New Scheme) Examination, Chartered Accountants- Final (Old Scheme) Examination and Chartered Accountants- Foundation Examination Held In December 2021. ICAI Press Release The […]

GSTN cannot avoid giving effect to Court order by giving excuse of technical glitches

February 10, 2022 915 Views 0 comment Print

Wardwizard Innovations And Mobility Limited Vs Commissioner, SGST (Gujarat High Court) Learned AGP expressed an apprehension that even as on date, the respondent no.2 may not be in a position to give effect to the order passed by the appellate authority due to technical glitches. Mr. Sharma solicits the help of the respondent no.3 – […]

Payment and Settlement Systems (Amendment) Regulations, 2022

February 10, 2022 4062 Views 0 comment Print

(i) These Regulations may be called the Payment and Settlement Systems (Amendment) Regulations, 2022. (ii) They shall come into force on the date of their publication in the Official Gazette.

Resignation of Director | Section 168 | Companies Act 2013

February 10, 2022 78123 Views 0 comment Print

Section 168 of the Companies Act 2013 gives a clear view of the resignation of directors which was absent in the early Act, 1956. However before the Companies Act, 2013 when early Act, 1956 was effective, orders passed by the courts adhered to the same principle but the new provision leaves no ambiguity. A director […]

Haryana Launches GST Kosh

February 10, 2022 1647 Views 0 comment Print

The Excise and Taxation Department, Government of Haryana under the leadership of Deputy Chief Minister. Sh. Dushyant Chautala launched the ”The Haryana GST Kosh” an E-repository of updated GST Acts and rules.

CGST busts fake ITC racket, arrests proprietor of scrap metal firm

February 10, 2022 1428 Views 0 comment Print

CGST Commissionerate, Navi Mumbai has busted a fake ITC racket of Rs. 10.26 Crores and arrested the proprietor of M/s. Al-Marwah Traders on Tuesday (8th February, 2022).

AAR Karnataka allows C & A Sourcing International Ltd. to withdraw application

February 10, 2022 705 Views 0 comment Print

In re C & A Sourcing International Ltd. (GST AAR Karnataka) applicant vide their letter dated 07.02.2022, received by e-mail, requested this authority to permit them to withdraw their application quoting the reason that the issues have been clarified by the CBIC vide Circular No. 159/15/2021-GST Dated: 20th September 2021 and hence there is no […]

AAR Karnataka allows ‘Toyota Kirloskar Motor’ to withdraw application

February 10, 2022 1020 Views 0 comment Print

Toyota Kirloskar Motor Private Limited vide their letter dated : 03-02-2022 requested Authority For Advance Ruling, Karnataka to permit them to withdraw their application quoting the commercial reasons.

Trust entitled for benefit of excess utilization of earlier years

February 10, 2022 3975 Views 2 comments Print

Hapur Pilkhuwa Development Authority Vs ACIT (ITAT Delhi) Learned CIT(A) has not allowed the benefit of excess utilization of earlier years, claimed by the assessee by raising additional ground. Ld. AR for the assessee contended that this issue is also covered in favour of the assessee by the order passed by coordinate Bench of Tribunal […]

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