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Archive: 01 June 2022

Posts in 01 June 2022

GST on providing free complimentary Cricket Match tickets

June 1, 2022 8445 Views 0 comment Print

In re KPH Dream Cricket Private Limited (GST AAAR Punjab) (a) Activity of providing free complimentary Cricket Match tickets does not fall within the domain of supply as it does not have the element of consideration. However, where such complimentary tickets are being provided by the appellant to a related person or a distinct person […]

Guidelines on Product Filing Procedures for General Insurance products amended

June 1, 2022 1839 Views 0 comment Print

Para 7.2(I) and 7.2 (III) of Guidelines on Product Filing Procedures for General Insurance products stands modified to the above effect (Para 3). All the other provisions and requirements of Guidelines on ‘Product Filing Procedures for General Insurance products’ shall remain applicable.

Draft Master Guidelines on Anti Money Laundering/Counter Financing of Terrorism

June 1, 2022 486 Views 0 comment Print

Taking into consideration the extant PML Act and Rules and the dynamics of the insurance industry, the Master Guidelines on Anti Money Laundering/Counter Financing of Terrorism (AML/CFT) are comprehensively reviewed.

Insurance product approvals made easy

June 1, 2022 618 Views 0 comment Print

Insurance product approvals made easy- -stepping towards Ease of doing business The Insurance Regulatory and Development Authority of India (IRDAI) has extended the ‘Use and File’ procedure for all the Health Insurance products and almost all the General Insurance products in line with the reforms agenda taken up towards having a fully insured India. This is […]

‘Error Apparent on the Face of Record’ In a Taxing Statute – Should be An Error Self-Evident – Kerala HC

June 1, 2022 4980 Views 0 comment Print

Bhima Enterprises Vs State Tax Officer (Kerala High Court) ‘ERROR APPARENT ON THE FACE OF THE RECORD’ IN A TAXING STATUTE – SHOULD BE AN ERROR SELF-EVIDENT – HIGH COURT OF KERALA The Hon’ble High Court of Kerala held in M/s. Bhima Enterprises Vs. State Tax Officer (Investigation Branch) & Anr (WP(C) No. 28526 of […]

Comparison of Competition Laws between India and UK

June 1, 2022 8433 Views 0 comment Print

Fair and free competition is regarded as one of the important pillars for an efficient market economy. Manufacturing power increases and also new ideas is brought due to competition and at the end turns to proper distribution of assets.

Can a Resolution passed in Board & General Meeting be withdrawn?

June 1, 2022 21312 Views 1 comment Print

Uncover the process of withdrawing a resolution passed in board and general meeting. Learn about the steps and implications involved.

Procedure for Company Incorporation under Companies Act, 2013

June 1, 2022 28878 Views 6 comments Print

Learn about the procedure for company incorporation under the Companies Act, 2013. Discover the features of SPICe+ and how it simplifies the process.

Section 194R TDS – Analysis

June 1, 2022 86829 Views 13 comments Print

Understanding Section 194R TDS – Analysis: Learn about the new tax deduction requirement proposed in the Finance Bill 2022 for business and professional benefits exceeding Rs. 20,000.

Top Differences Between Management & Financial Accounting

June 1, 2022 1422 Views 0 comment Print

Explore the top differences between management and financial accounting. Understand how these distinct accounting practices provide valuable information for decision-making.

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