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Archive: 08 September 2022

Posts in 08 September 2022

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6699 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

6 Lakh penalty on Company and Directors for not mentioning DIN

September 8, 2022 30846 Views 0 comment Print

ROC Ahmedabad imposed penalty of 6,00,000 on Company and Directors for not mentioning DIN in the Financial Statements NO.ROC-GUJ/ADJ-Order/Section 454/STA (V)/2021-22/4454 to 52 Dated:08 Sep 2022 BEFORE THE ADJUDICATING OFFICER REGISTRAR OF COMPANIES, GUJARAT, DADRA & NAGAR IIAVELI IN THE MATTER OF ADJUDICATION Of PENALTY UNDER SECTION 434 (3) OF THE COMPANIES ACT 2013 READ […]

Changes in GSTR-3B w.e.f 01.09.2022 -Simplified

September 8, 2022 18675 Views 6 comments Print

Explore the simplified explanation of changes in GSTR-3B effective from September 2022. Learn about reporting eligible ITC, non-reclaimable ITC, and other reversals. Stay informed for seamless GST compliance.

HC quashed Section 148 Notice for not recording valid section 151 satisfaction

September 8, 2022 10341 Views 1 comment Print

Vikas Gupta Vs Union of India (Allahabad High Court) Important recent update on landmark Allahabad high court ruling in cases of Vikas Gupta & others vs UOI order dated 08 Septmber  2022 on fatal impact of lack of  Mandatory requirement of valid sec 151 approval on part of approving authority Held quashing notices u/s 148 […]

Amendment in Export Policy of broken rice under HS Code 1006 40 00

September 8, 2022 2460 Views 0 comment Print

Export policy of broken rice amended to ensure adequate domestic availability, Move to ensure availability of broken rice for animal feedstock and Ethanol Blending:  Shri Sudhanshu Pandey   Export Policy of broken rice under HS code 1006 40 00 is amended from ‘Free’ to ‘Prohibited’. The Notification will come into effect from 9th of September, […]

Changes In Reporting of Input Tax Credit In GSTR–3B

September 8, 2022 40077 Views 0 comment Print

Understand the operational impact of changes in reporting Input Tax Credit (ITC) in GSTR–3B. Explore the amendments in Table 4(B) and 4(D) that affect ITC reversal, reporting ineligible ITC, and more. Stay compliant with the latest GST regulations.

CBIC prescribes export duty on specified Rice products

September 8, 2022 4182 Views 0 comment Print

CBIC amends Second Schedule to the Customs Tariff Act to prescribe export duty on specified Rice products vide Notification No. 49/2022-Customs | Dated:  8th September, 2022 GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 49/2022-Customs | Dated:  8th September, 2022 G.S.R. 689(E) – Whereas, the Central Government is satisfied that […]

Penalty not leviable for bonafide expiry of e-way bill

September 8, 2022 3159 Views 0 comment Print

Held that the delay of few hours of expiry of the validity of the tenure of e-way bill was bonafide and without establishing fraudulent intent and negligence on the part of petitioner. Penalty set aside.

Judicial pronouncement under section 126 of CGST Act, 2017

September 8, 2022 13143 Views 0 comment Print

The recent judicial pronouncements more or less cover issues related to E-way Bill wherein the E-way bill expired and wherein the address was mentioned wrongly. The Courts have invoked the provision of Section 126 of the CGST Act, 2017 and in some cases have remanded back the matter to the department for fresh consideration.

Modes of issue of ‘securities’ under Companies Act, 2013

September 8, 2022 8928 Views 0 comment Print

Explore the ways public and private companies can issue securities under Section 23 of the Companies Act, 2013. Understand the modes, such as public offer, private placement, rights issue, and bonus issue. Stay informed about the regulations to ensure compliance with the provisions.

Interest is leviable despite the availability of credit in cash/credit ledgers if no payment was made in GST

September 8, 2022 7209 Views 1 comment Print

HC held that in a case where GST Liability has not been remitted, interest under Section 50 of CGST Act is leviable even if the taxpayer has adequate credit balance in his cash ledger or credit ledger.

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