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Archive: 24 May 2023

Posts in 24 May 2023

GST Fake Registration Drive Not A Door To Door Survey: Clarifies By Govt

May 24, 2023 6612 Views 0 comment Print

Starting from May 16, 2023, and running until July 15, 2023, the drive aims to identify suspicious and fake Goods and Services Tax Identification Numbers (GSTINs) and take appropriate action to eliminate fraudulent billers from the GST ecosystem.

Navigating Director Resignations: Compliance and Procedures

May 24, 2023 1104 Views 0 comment Print

This article provides an overview of the procedures and responsibilities associated with director resignations, ensuring compliance with the relevant regulations.

Online Gaming – Skill or Gambling!

May 24, 2023 1638 Views 0 comment Print

Explore the status of online gaming in India, its economic impact, and the distinction between games of skill and games of chance in the legal landscape.

Reversal of ITC on loss of inputs which is inherent to process of manufacturing

May 24, 2023 3936 Views 0 comment Print

Eastman Exports Global Clothing (P) Ltd. Vs Assistant Commissioner (CT) (Madras High Court) Reversal of Input Tax Credit (‘ITC’) on the loss of inputs which is inherent to the process of manufacturing The Division Bench of Hon’ble Madras High Court recently in the case of Eastman Exports Global Clothing Pvt limited Vs Asst.Commissioner of CT, Tirupur settled […]

Registration of a Limited Liability Partnership (LLP)

May 24, 2023 2979 Views 0 comment Print

Discover the process and documents required for Limited Liability Partnership (LLP) registration. Understand the advantages, structure, and steps involved in forming an LLP.

New Income Tax Amnesty Scheme? Convert Black into White without any Tax!

May 24, 2023 47190 Views 6 comments Print

Explore the potential pitfalls and opportunities of the new income tax amnesty scheme. Learn how to convert black money into white without facing taxes. Understand the implications for individuals and the economy.

No Service Tax on sale of coaching material

May 24, 2023 1449 Views 0 comment Print

CESTAT held that amount collected by selling study material is not a taxable service, hence, no service tax leviable on sale of coaching material.

SEBI proposes Review of Total Expense Ratio for Mutual Fund Schemes

May 24, 2023 1617 Views 0 comment Print

SEBI Consultation Paper on Review of Total Expense Ratio charged by Asset Management Companies (AMCs) to unitholders of schemes of Mutual Funds to facilitate greater transparency and accrual of benefits of economies of scale to investors The Securities and Exchange Board of India (SEBI) has released a consultation paper seeking public comments on the review […]

SEBI Draft Regulations to Combat Unexplained Suspicious Trading Activities

May 24, 2023 1419 Views 0 comment Print

SEBI Consultation paper on draft SEBI (Prohibition of Unexplained Suspicious Trading Activities in the Securities Market) Regulations, 2023 Securities and Exchange Board of India (SEBI) has released a consultation paper to gather public comments on the draft SEBI (Prohibition of Unexplained Suspicious Trading Activities in the Securities Market) Regulations, 2023. The objective of the paper […]

SEBI Proposes Strengthening of Governance Mechanisms of AIFs

May 24, 2023 1692 Views 0 comment Print

SEBI Consultation paper on proposed amendment to SEBI (Alternative Investment Funds)  Regulations, 2012 to strengthen governance mechanisms of Alternative Investment Funds Summary: The Securities and Exchange Board of India (SEBI) has released a consultation paper seeking public comments on proposed amendments to the SEBI (Alternative Investment Funds) Regulations, 2012. The objective of the proposed amendments […]

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