The GST council has tweaked some rules related to input tax credit on 26th Dec 2022 by inserting rule 37A after rule 37 for input tax credit reversal. As per existing rule 37 if the recipient of goods and services fails to pay the supplier for the value of supply along with tax thereon within […]...
Read More
Slump sale means sale of an undertaking for a consideration without assigning values to individual assets and liabilities. We were asked by one of our readers if slump sale attracts GST. When we tried to look through some of the FAQs answered on on the Central Board of Indirect Taxes and Customs website we see […]...
Read More
Circular No.1/2023/GST Audits, CCSTs File No: REV03-22024/2/2023-L1 SEC-CCT -
13/01/2023
It is noticed that summons, notices and letters are being issued to taxpayers in a routine and casual manner and in piecemeal calling for information/documents and in many cases, the taxpayers were also required to furnish copies of returns and records which are very well available in the portal itself. This kind of attitude is viewed by ...
Read More
Ref: ROCCBE/ADJ/92&137/016810/2022 -
09/01/2023
MCA imposes total penalty of Rs. 12,22,800 on ‘Unique Green Energy India Private Limited’ and its directors for violation of Section 92 (non-filing of Annual Return) and 137 (non-filing of Financial Statement) of the Companies Act, 2013 for the financial year 2017-18, 2018-19, 2019-2020 & 2020-21. GOVERNMENT OF INDIA MINIS...
Read More
Order No. Ref: ROCCBE/ADJ/92&137/016718/2022 -
09/01/2023
MCA imposes total penalty of Rs. 11,46,800 on ‘Greenwoods Communication And Engineering Services Private Limited’ and its directors for violation of Section 92 (non-filing of Annual Return) and 137 (non-filing of Financial Statement) of the Companies Act, 2013 for the financial year 2018-19, 2019-2020 & 2020-21. GOVERNMENT...
Read More
Ref: ROCCBE/ADJ/92&137/017944/2022 -
09/01/2023
MCA imposes total penalty of Rs. 11,46,800 on ‘Annai Matha Infrastructures Private Limited’ and its directors for violation of Section 92 (non-filing of Annual Return) and 137 (non-filing of Financial Statement) of the Companies Act, 2013 for the financial year 2018-19, 2019-2020 & 2020-21. GOVERNMENT OF INDIA MINISTRY OF...
Read More
Order No. Ref: ROCCBE/ADJ/92&137/014643/2022 -
09/01/2023
MCA imposes total penalty of Rs. 41,16,500 on ‘Concept Architects Planners And Engineers Private Limited’ and its directors for violation of Section 92 (non-filing of Annual Return) and 137 (non-filing of Financial Statement) of the Companies Act, 2013 for the financial year 2011-12, 2012-13, 2013-14, 2015-16, 2016-17, 2017-...
Read More
Ref: ROCCBE/ADJ/92&137/020370/2022 -
09/01/2023
MCA imposes total penalty of Rs. 12,73,400 on ‘Wednesday Corporate Solutions India Private Limited’ and its directors for violation of Section 92 (non-filing of Annual Return) and 137 (non-filing of Financial Statement) of the Companies Act, 2013 for the financial year 2017-18, 2018-19, 2019-2020 & 2020-21. GOVERNMENT OF ...
Read More
Ref: ROCCBE/ADJ/92&137/017614/2022 -
09/01/2023
MCA imposes total penalty of Rs. 12,73,400 on ‘Astley Life Sciences Private Limited’ and its directors for violation of Section 92 (non-filing of Annual Return) and 137 (non-filing of Financial Statement) of the Companies Act, 2013 for the financial year 2017-18, 2018-19, 2019-2020 & 2020-21. GOVERNMENT OF INDIA MINISTRY O...
Read More
Order No. Ref: ROCCBE/ADJ/92&137/021199/2022 -
09/01/2023
MCA imposes total penalty of Rs. 11,46,800 on ‘RVS Wind and Solar Systems Private Limited’ and its directors for violation of Section 92 (non-filing of Annual Return) and 137 (non-filing of Financial Statement) of the Companies Act, 2013 for the financial year 2018-19, 2019-2020 & 2020-21. GOVERNMENT OF INDIA MINISTRY OF C...
Read More