Understand the GST implications on transferring monetary proceeds from IVL India to IVL Sweden, as elucidated by GST AAAR Maharashtra.
Consultation paper on proposed IFSCA (Banking) (Amendment) Regulations, 2023 a. Permit IBUs to be set up as a subsidiary company of the parent bank b. Specify the base capital required to commence operation as a subsidiary company of the parent bank at USD 50 million with discretion provided to the Authority to specify any other level of capital.
AAAR held that transaction between two GSTINs of same person would be considered as lease transaction and accordingly taxable as supply of services in terms of Section 7 of Central Goods and Services Tax Act, 2017
ITAT Chennai held that strict conditions provided in Rule 37BA should be read in the provisions of Section 199(1) to make it workable in genuine cases where department is sure no double credit is allowed or claimed.
Learn about filing Form 3 LLP for initial LLP Agreement and changes in LLP Agreement. Understand purposes, eligibility, and FAQs for smooth filing. Get insights into linked filings, editing details, and error resolution in Form 3 LLP. Simplify LLP compliance with accurate information.
Avoid common financial mistakes in India with smart strategies. Set clear goals, build emergency funds, invest wisely, and prioritize financial planning. Learn about credit scores, debt management, and retirement planning. Take proactive steps for a secure financial future in India.
NCLT Mumbai held that as per section 33(5) of the Insolvency and Bankruptcy Code (Code) company under Liquidation is disbarred from initiating any legal proceedings without seeking the prior approval of the Adjudicating Authority. Accordingly, the Liquidator was not competent to initiate proceedings u/s. 7 of the Code.
Insolvency and Bankruptcy Board of India (IBBI) has issued an order to cancel the registration of Mr. Venkata Krishna Srinivasa Raju Penmetsa as a Registered Valuer. The order was issued based on a Show Cause Notice (SCN) which stated that Mr. Penmetsa had suppressed information about criminal proceedings against him while applying for registration. The […]
Article explains various types of income that are disclosed under Annual Information Statement (AIS) as instructed by Income Tax Department
