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Archive: August, 2022

Posts in August, 2022

Compliance of Rule 25B of Companies (Incorporation) Rules

August 24, 2022 3309 Views 0 comment Print

Understand the compliance requirements of Rule 25B of Companies (Incorporation) Rules. Learn about the power granted to ROC to conduct physical verification of registered offices.

Analysis of SEBI’s Settlement Scheme, 2022

August 24, 2022 4851 Views 1 comment Print

SEBI Settlement Scheme 2020 provides an opportunity for settlement to entities who have executed reversal trades in the illiquid stock options segment of BSE between April 1, 2014 to September 30, 2015

Taxpayers cannot be asked to wait endlessly for contest of order by department

August 24, 2022 1563 Views 0 comment Print

High Court held that  taxpayers cannot be asked to wait endlessly for the respondents to contest the order of the Commissioner (Appeals). 

18% GST applicable on combination of solar inverter & battery

August 24, 2022 13614 Views 0 comment Print

In re M.N. Solar Co. (GST AAR Haryana) AAR held that that the combination of solar panel, inverter, solar battery and charge controller may qualify as “Solar Power Generating System. If said items are supply in the assemble form, it will covered under ‘Solar Power Generating System’ and will be treated as composite supply. Accordingly […]

State Wise Collection of GST (Other Than Imports) – From July 2021 To July 2022

August 24, 2022 6414 Views 0 comment Print

1. First 5 states together (i.e Maharashtra, Gujarat , Karnataka , Tamil Nadu, Uttar Pradesh) contribute 50% of GST collection of total of country  .2. First 10 state contributes 75% of GST collection of Country  (These 10 states are Maharashtra , Gujarat, Karnataka, Tamil Nadu, Uttar Pradesh, Haryana, West Bengal, Delhi, Telangana and Odisha).

Bombay HC stays reassessment notice after expiry of a period of six years

August 24, 2022 3273 Views 0 comment Print

Dilipkumar Premji Chheda Vs ITO (Bombay High Court) 1. Issue notice. Mr. Ajeet Manwani, learned counsel waives service for the Respondents. Objections be filed in six weeks. 2. Learned counsel for Petitioner states that the impugned notice dated 7th April, 2021 issued under Section 148 of the Act is unsustainable in law and in as […]

RBI lifts business restrictions imposed on American Express Banking Corp

August 24, 2022 534 Views 0 comment Print

RBI lifts business restrictions imposed on American Express Banking Corp In view of the satisfactory compliance demonstrated by it

Goods & Service Tax Appellate Tribunal (GSTAT) – The need of the hour !

August 24, 2022 4704 Views 1 comment Print

Evan after 5 year of GST introduction Goods and Service Tax Appellate Tribunal (GSTAT) not established which is a must

From Accelerated Rewards to Shopping Discounts, Check Out the Benefits of Credit Cards offered by Top Banks in India

August 24, 2022 1737 Views 0 comment Print

Check out the credit card benefits offered by the top banks in India. Read more to find out about the key features, application procedure, etc.

Reasons for Dropping Credit Score. How One Can Fix it

August 24, 2022 2559 Views 0 comment Print

Credit score is a 3 digit number ranging between 300 to 900, showing your financial health. credit history, outstanding debts & payment pattern

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