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Archive: 04 May 2023

Posts in 04 May 2023

Regulatory updates for the Month of April 2023

May 4, 2023 1380 Views 0 comment Print

Stay informed with the latest regulatory updates for April 2023 in Company Law, Securities Law, POSH, RBI, and notable case law under the Companies Act, 2013. Key highlights, amendments, and due dates covered for a comprehensive overview

उत्तर प्रदेश में जीएसटी अधिकारियों द्वारा धारा 61 के तहत नोटिस

May 4, 2023 13215 Views 2 comments Print

वर्तमान में उत्तर प्रदेश में जीएसटी अधिकारियों द्वारा करदाताओं को सेक्शन 61 के नोटिस यूनिवर्सल पॉलिसी के अंतर्गत जारी किए जा रहे हैं ।कर निर्धारण वर्ष 2017-18 से 2022 -23 तक के अर्थात 6 वर्षों की अवधि के लिए ASMT 10 में सिस्टम जेनरेटेड नोटिस जारी किए गए हैं।

Educational institution making huge surplus not eligible for section 10(23C)(vi) exemption: SC

May 4, 2023 15567 Views 0 comment Print

SC in UOI v. Baba Banda Singh Bahadur Education Trust held that educational institution making huge surplus is not eligible for section 10(23C)(vi) exemption

GST: E-way bill expiry- No penalty in absence of evidence questioning appellant’s bona fides

May 4, 2023 1302 Views 0 comment Print

Progressive Metals Pvt. Limited Vs Deputy Commissioner (Calcutta High Court) It is not in dispute that the vehicle along with the goods entered the Durgapur industrial belt within the validity of the e-way bill. The vehicle was intercepted on 9th May, 2022 at 9:35 AM at Durgapur and the vehicle was detained along with the […]

SC upholds Section 327(7) Companies Act which Overrides Payment of Workers dues during IBC CIRP

May 4, 2023 2208 Views 0 comment Print

Moser Baer Karamchari Union Vs Union of India (Supreme Court of India) By way of this writ petition under Article 32 of the Constitution of India, the petitioner – union has sought for an appropriate writ, direction or order striking down Section 327(7) of the Companies Act, 2013 as arbitrary and violative of Article 21 […]

Taxation of Alternate Accommodation during Redevelopment – Simplified

May 4, 2023 6309 Views 0 comment Print

What is alternate accommodation? Monthly Rental compensation that the builder pays to the homeowners during the property redevelopment period to the Unit Holders i.e Flat Holders, is called alternate accommodation.

ITC can be claimed during revocation of cancelled GST registration

May 4, 2023 15003 Views 1 comment Print

HC held that, cancellation of registration effected on ground of non-filing of GST return, could be revoked and assessee can claim ITC

Pre-existing Disease (PED) Coverage in Health Insurance

May 4, 2023 1842 Views 0 comment Print

We may look sound and healthy, but health emergencies do not give prior notice. We are witnessing a rise both in health risks and medical inflation.

Report U.S. TIN in respect of all U.S. Reportable accounts: CBDT

May 4, 2023 828 Views 0 comment Print

Indian Reporting Financial Institutions (RFIs) should ensure that the U.S. TIN is reported in respect of all U.S. Reportable accounts.

Empanelment of Chartered Accountant Firms for SBI Concurrent Audits

May 4, 2023 7773 Views 0 comment Print

Explore the comprehensive procedure and criteria for Chartered Accountant firms to apply as Concurrent Auditors for State Bank of India, including eligibility, submission guidelines, and selection process.

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