Jai Matadi Enterprises Vs Commissioner of State Tax (Bombay High Court) In this case ITC was blocked in case of 10 suppliers, by Invoking GST Rule 86A. Bombay High Court vide interim order directed GST Department to unblock the Input Tax Credit Account. FULL TEXT OF THE JUDGMENT/ORDER OF BOMBAY HIGH COURT 1.Ms. Vyas seeks […]
PCIT Vs Arshia Global Tradecom Private Limited (Calcutta High Court) In the case on hand the reassessment proceedings, the assessee was unable to justify the genuineness of the transactions. The assessee failed to produce original cash memos and bills for the sales alleged to have been effected and to substantiate the cash deposit into their […]
GST Revenue collection for August, 2022 ₹1,43,612 crore gross GST revenue collected in the month of August, 2022 The gross GST revenue collected in the month of August, 2022 is ₹1,43,612 crore of which CGST is ₹24,710 crore, SGST is ₹30,951 crore, IGST is ₹77,782 crore (including ₹ 42,067 crore collected on import of goods) […]
Unlock insights into the payment of lump sum amounts under the Maharashtra Settlement of Arrears of Tax, Interest, and Penalty Act 2022. Understand the eligibility criteria, conditions, and the impact on return dues. Delve into the provisions of Section 8(1)(b) and Annexure A/B, exploring the nuances of outstanding arrears, statutory orders, and return dues. Gain clarity on Commissioner of State Tax’s directives and make informed decisions regarding the settlement of arrears in compliance with the Act.
It’s discretionary upon the both parties of the contract to settle / close / washout the unexecuted contract at the rate fixed by it. In this regard, on mutual agreement, the rates which contracts settles is usually the market rate.
Explore the latest amendment to the definition of Small Company under Section 2(85) of The Companies Act, 2013, as per the MCAs Notification No. G.S.R. 700(E) dated 15th September 2022. Gain insights into key considerations, revised limits, and the impact on ease of doing business. Understand the exemptions provided to small companies, including aspects like cash flow statement preparation, CARO 2020 reporting, auditor rotation, and internal financial controls.
Explore the National Logistics Policy, Indias innovative initiative for efficient and cost-effective logistics management. Discover the comprehensive framework, vision, and impact on trade and business facilitation. Learn how the policy tackles issues, enhances competitiveness, and simplifies processes, ushering in a new era of seamless logistics infrastructure. Stay informed about the integrated digital logistics systems, standardization efforts, and human resource development.
Companies Act, 2013 is a landmark legislation with a far reaching impact on all companies incorporated in India. The act is more outward looking and has been developed with a motive to keep in align with the international requirements. It is expected to set the tone for a more modern legislation which enables growth and prospects in the corporate sector in India.
Company Legislation in India started with the Joint Stock Companies Act, 1850 which was based on the England Corporate Law, 1844. The act provided for the incorporation of the Company without obtaining a Royal Charter or Sanction by a Special Act of Parliament.
Held that as there is no actual transfer of the possession of the aircraft in question to the user of the aircraft, rendering of the Air Transport Services by the Assessee will not tantamount to Sale as envisaged by Section 2(g)(iv) of the OST Act.
