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Archive: August, 2022

Posts in August, 2022

Cricket activity by club is not a trade or business

August 2, 2022 2697 Views 0 comment Print

Held that activity of cricket by the club cannot be said to be in the nature of trade or business.

MCA Imposes Penalty for Sign Board at Company Entrance Missing CIN & Email

August 2, 2022 3132 Views 0 comment Print

Explore implications of violating Section 12(3) of the Companies Act, 2013. Delve into an order under section 454 and penalties imposed for non-compliance.

Clarification to Notification related to Rajasthan Amnesty Scheme

August 2, 2022 1356 Views 0 comment Print

GOVERNMENT OF RAJASTHAN COMMERCIAL TAXES DEPARTMENT NOTIFICATION Jaipur, dated 2 Aug, 2022 (Under Clause 6(4) of Amnesty Scheme for goods not subsumed in GST) In exercise of the powers conferred by clause 6(4) of FD notification No. F.12(11) FD/Tax/2022-104 dated 23.02.2022 with respect to Amnesty Scheme for goods not subsumed in GST, I, Dr. Ravi […]

Mere non availability of stock register not sufficient to reject trading results

August 2, 2022 1494 Views 0 comment Print

Mere non availability of stock register cannot be sufficient to reject trading results when the audited final accounts and other sources including the VAT data are available to cross verify the trading results including the sales verification.

Profit & Loss account not signed by Directors: MCA Imposes ₹4 Lakh Penalty

August 2, 2022 2952 Views 0 comment Print

Learn about the penalty imposed on LOIN TECHNOLOGY PRIVATE LIMITED under Section 134(1) of the Companies Act, 2013, by the Registrar of Companies, Madhya Pradesh.

CBDT notifies Telangana State Pollution Control Board under Section 10(46)

August 2, 2022 930 Views 0 comment Print

CBDT notifies Telangana State Pollution Control Board under Section 10(46) of income Tax Act, 1961 vide Notification No. 88/2022-Income-Tax | Dated: 2nd August, 2022. MINISTRY OF FINANCE Department of Revenue (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 88/2022-Income Tax | Dated: 2nd August, 2022 S.O. 3616(E).—In exercise of the powers conferred by clause […]

Govt increases Special Additional Excise Duty on production of Petroleum Crude

August 2, 2022 648 Views 0 comment Print

Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to increase the Special Additional Excise Duty on production of Petroleum Crude and exempt export of Aviation Turbine Fuel vide Notification  No. 22/2022-Central Excise | Dated: 02nd August, 2022 MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification  No. 22/2022-Central Excise | Dated: 02nd […]

Govt reduces Special Additional Excise Duty on Diesel

August 2, 2022 660 Views 0 comment Print

Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022, to reduce the Special Additional Excise Duty on Diesel vide Notification  No. 21/2022-Central Excise | Dated: 2nd August, 2022 MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification  No. 21/2022-Central Excise | Dated: 02nd August, 2022 G.S.R. 613(E).—In exercise of the powers conferred […]

Actions taken by department during enquiry need not necessarily be termed as harassment

August 2, 2022 1242 Views 0 comment Print

HC dismissed petition alleging harassment by Superintendent of GST & held that Actions taken by department during enquiry need not necessarily be termed as harassment

Competition (Amendment) Bill, 2022

August 2, 2022 2286 Views 0 comment Print

Competition (Amendment) Bill, 2022 is Introduced in Lok Sabha to amend the Competition Act, 2002 and to provides for the following, namely:— (a) changes in certain definitions like ‘enterprise’, ‘relevant product market’, ‘Group’, ‘Control’, etc., to provide clarity; (b) broadening the scope of anti-competitive agreements and inclusion of a party facilitating an anti-competitive horizontal agreement […]

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