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Archive: 25 December 2022

Posts in 25 December 2022

Gauhati HC grants bail in alleged GST Commissioner Bribery Case

December 25, 2022 861 Views 0 comment Print

Commissioner- Shri Raju Shakthivel demanded a sum of Rs. 4,50,000/ i.e.@ 10% of the demand of Service Tax, through conduits for a favorable order in the said appeal.

HC allows GST TRAN-1 filing related to distribution and eligibility of ISD Credit

December 25, 2022 2916 Views 0 comment Print

Nuvoco Vistas Corporation Ltd. Vs Union of India and Ors (Bombay high Court) The present petition has been filed in relation to the procedural difficulties/objections raised with regard to distribution and eligibility of Input Service Distributor (ISD) credit of Service Tax under Section 140 of the CGST Act 2017. It is petitioner’s case is that […]

Change In Composition of Coc will Not Affect Its Decisions prior to reconstitution

December 25, 2022 1473 Views 0 comment Print

The proviso in Regulation 12(3) of CIRP Regulations, 2016 clearly stipulates that if any decision is taken by the committee, prior to the reconstitution, which in this case is the ratification of the fees and the expenses, its validity will not be affected.

Taxation of Gifts: An In Depth Analysis

December 25, 2022 24195 Views 2 comments Print

Gifts in India are cultural aspects handed down from generations. Learn the in-depth analysis of taxation of gifts and how lawmakers are trying to tackle the issue. 

Faceless Assessment And Its Advantage & Disadvantage

December 25, 2022 15600 Views 0 comment Print

Faceless Assessment – Get to know its advantages & disadvantages with the Government of India’s initiative to reduce taxpayers’ compliance burden. This blog post gives an overview of the scheme.

Tax Issues in Mergers and Acquisitions Transactions

December 25, 2022 39888 Views 0 comment Print

Although the terms merger and acquisition are commonly associated, there are some differences. A merger unifies two entities into one, whereas an acquisition includes one company purchasing and acquiring another.

Appointment of foreign nationals of countries sharing land border with India as directors

December 25, 2022 2937 Views 0 comment Print

Appointment of foreign nationals from countries sharing a border with India as directors. Learn how the Government of India is making sure that national security is a priority.

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