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Archive: 06 February 2023

Posts in 06 February 2023

Free YouTube Live on The global landscape –  from market’s to trade

May 24, 2024 807 Views 0 comment Print

Join us for an insightful and dynamic YouTube Live session on “The global landscape –  from market’s to trade.” with renowned financial analyst Ankit Baid, MBA Finance. The presentation explores shifting of the global economic landscape, focusing on the decline of US dominance and the rise of China. It examines the potential decrease in global […]

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

May 15, 2024 7518 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.

Procedural lapses cannot be ground for denying substantive benefits

February 6, 2023 10062 Views 0 comment Print

HC held that, procedural lapses cannot be a ground for denying substantive benefits to assessee. Further held that, Show Cause Notice issued before the passing of such order was barred by limitation.

Gold carried with discrepancy in documents is sufficient to suspect GST evasion

February 6, 2023 1677 Views 0 comment Print

HC held that, there is no malice or lack of jurisdiction of Revenue Department to initiate proceedings and passing the order for confiscation of gold and levy of penalty, as discrepancy in quantity mentioned in documents and quantity recovered was sufficient reason for Revenue Department to suspect GST evasion.

CBIC issues instruction to look into CAG report on SVLDRS 2019

February 6, 2023 1470 Views 0 comment Print

CBIC-6/1 /2021 -CX-VI Section-CBEC Government of India Ministry of Finance Department of Revenue Central Board of Indirect Tax & Customs (CX & ST Wing) Room No. 263-E, North Block, New Delhi, dated: 6th February, 2023 INSTRUCTION To, 1. The Principal Chief Commissioner/ Chief Commissioner of CGST & CE (All), 2. Director General, Directorate of System […]

SEBI amends Initial disclosure requirements for issue & listing of green debt securities

February 6, 2023 1575 Views 0 comment Print

In the backdrop of increasing interest in sustainable finance in India as well as around the globe, and with a view to align the extant framework for green debt securities with the updated Green Bond Principles (GBP) recognised by IOSCO, SEBI undertook a review of the regulatory framework for green debt securities.

Enhanced obligations and responsibilities on Qualified Stock Brokers (QSBs)

February 6, 2023 1272 Views 0 comment Print

Certain stock brokers, due to various factors like their size, trading volumes and amount of clients’ funds handled by them, have come to occupy a significant position in the Indian securities market which is leading to concentration of activity among few stock brokers.

Vivad Se Vishwas I – Relief for MSMEs

February 6, 2023 4593 Views 0 comment Print

Government provides a big relief to MSMEs for COVID-19 period; fulfils promise announced in Union Budget 2023-24 95% of bid or performance security forfeited for failure to execute contracts to be refunded; No interest shall be paid on such refunded amount Relief provided in all contracts for procurement of Goods and Services, entered into by […]

Additional amount paid on FCCB is revenue expenditure

February 6, 2023 201 Views 0 comment Print

ITAT Mumbai held that when company issues Foreign Currency Convertible Bonds (FCCB) they incurs a liability to pay a larger amount than what is borrowed and such liability to pay the additional amount is revenue expenditure.

Greenwashing: Indian Regulatory Context

February 6, 2023 7128 Views 0 comment Print

Greenwashing is a marketing tactic used to mislead consumers into believing that products are environmentally friendly. In India, greenwashing is becoming increasingly prevalent. Learn about the Indian regulatory context of greenwashing here.

Impact of Section 54/54F for founder of Startup who Sell Equity & Purchase residential house

February 6, 2023 3393 Views 1 comment Print

Learn about the impact of Section 54/54F on founders of start-ups who sell equity & purchase residential houses with a limit of max. INR 10 cr. from April 2024

Process To Establishment of Project Offices In India By Foreign Entities

February 6, 2023 3099 Views 0 comment Print

WHAT IS PROJECT OFFICE: A Project Office (PO) means a place of business established to represent the interests of a foreign company executing a project in India. Such offices are prohibited from undertaking or carrying on any activity other than the activity relating to the execution of the project for which such office is established. […]

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