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Archive: 06 October 2022

Posts in 06 October 2022

Monthly GST Newsletter for October 2022

October 6, 2022 1884 Views 0 comment Print

Stay updated on recent GST changes till October 5, 2022. Explore amendments in CGST Rules, notifications, and major shifts in GST law affecting businesses and compliance.

Order passed by Industrial Tribunal cannot be challenged in Labour Courts when proper procedure followed: SC

October 6, 2022 3801 Views 0 comment Print

In present matter, the Honble Supreme Court observed that once the order of termination was approved by the Industrial Tribunal on appreciation of evidence led before it, thereafter the findings recorded by the Industrial Tribunal were binding between the parties and no contrary view could have been taken by the Labour Court contrary to the findings recorded by the Industrial Tribunal.

Last date for applications for TRQs under tariff head 7108 extended

October 6, 2022 1065 Views 0 comment Print

Last date for applications for TRQs under tariff head 7108 for the 3rd Quarter of the FY 2022-23 is extended till 10.10.2022. TRQ issued under tariff head 7108 for the import in lst and 2nd Quarter of the FY 2022-23 shall be revalidated till 30.11.2022. Government of India Ministry of Commerce & Industry Department of […]

SEBI clarifies on ‘Demat Debit & Pledge Instruction’ (DDPI) for transfer of securities

October 6, 2022 5778 Views 1 comment Print

In view of the representations by and consultations with Broker Associations and Depositories, it has been decided to widen the scope of DDPI to include: Mutual Fund transactions being executed on Stock Exchange order entry platforms; and Tendering shares in open offers through Stock Exchange platforms.

Recent Updates In GST till 05th October 2022

October 6, 2022 14637 Views 0 comment Print

Stay updated on recent GST changes till October 5, 2022. Explore amendments in CGST Rules, notifications, and major shifts in GST law affecting businesses and compliance.

Minister urges young CAs to explore paths of entrepreneurship

October 6, 2022 1098 Views 0 comment Print

Minister asks Chartered Accountants of India to strive to take Indian Chartered Accountancy Firms to the global level Chartered Accountants must always be committed to promoting equitable and inclusive growth: Shri Piyush Goyal Shri Goyal asks more women to take up the profession of Chartered Accountancy Minister urges young CAs to explore paths of entrepreneurship […]

RBI (Credit Information Companies- Internal Ombudsman) Directions, 2022

October 6, 2022 1389 Views 0 comment Print

The IO shall be either a retired or a serving officer, not below the rank of Deputy General Manager or equivalent in any financial sector regulatory body, CIC, a Non-Banking Financial Company (NBFC) or bank, with necessary skills and experience of at least seven years in banking, non-banking finance, financial sector regulation or supervision, credit information or consumer protection.

No Section 263 revision in case AO had taken possible view

October 6, 2022 918 Views 1 comment Print

Income from assets given on lease, though offered to tax under normal provisions, was not routed through Profit and Loss Account and the accounting treatment given by assessee was in accordance with mandatory AS-19 which mandated assessee to reflect investment in asset under finance lease as lease receivable in balance-sheet on asset side under the head loans and advances.

Striking off order passed by RoC cannot be altered in absence of proper identity of Complainant

October 6, 2022 1236 Views 0 comment Print

The Orders of the Registrar of Companies cannot be altered after 16 years of the declaration of the Company as defunct especially when the Complainant has no locus standi as he is neither a Company, nor a member and nor a creditor, hence he cannot be said to be a person aggrieved to question the Order of RoC is striking off the Companys name under Section 560(5) of the Companies Act, 1956.

Article 142 invoked to reduce interest rate awarded by Arbitral Tribunal

October 6, 2022 3291 Views 0 comment Print

In present case, the Honble Supreme Court invoked the provision of Article 142 of the Constitution of India and reduced the rate of Interest awarded by the arbitral tribunal by considering the fact that the long duration has been passed since filing of the claim.

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