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Archive: 29 June 2023

Posts in 29 June 2023

101 FAQs on Statutory Powers of Govt.’s Narcotics Control Bureau (NCB) in India 

June 29, 2023 1302 Views 0 comment Print

Explore 101 FAQs on the statutory powers of the Government’s Narcotics Control Bureau (NCB) in India, covering NCB’s statutory powers, legal status of narcotic drugs, NCB’s vision and mission, and contact details. Get insights into drug trafficking trends, opium and heroin seizures, and case studies.

No liability to pay interest in a revenue-neutral situation

June 29, 2023 2469 Views 0 comment Print

CESTAT held that where the differential duty paid by the assessee is available as CENVAT credit to the Assessee’s sister concern then it is a revenue-neutral situation. Thus, as duty was not actually payable, the payment of interest does not arise in the case of revenue neutral situation.

Guidelines for determining discrepancies arising on tax calculation on pre-GST contracts

June 29, 2023 1278 Views 0 comment Print

Karnataka High Court in Sri Chandrashekaraiah v. State of Karnataka issued guidelines for determining discrepancies arising on tax calculation for Pre-GST works Contracts.

Maintenance of Documents as per SEBI LODR & PIT Regulations, 2015

June 29, 2023 1290 Views 0 comment Print

Understand the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI (PIT) Regulations, 2015, regarding the maintenance of documents. Explore the illustrative list of documents, preservation periods, and archival policies for listed entities.

GST Impact on Sale of Leasehold Land

June 29, 2023 44358 Views 0 comment Print

Explore the GST impact on the sale of leasehold land, a critical issue facing industries nationwide. Understand the legal provisions, exemption notifications, and conflicting judgments. Get insights on valuation, input tax credit, and the need for clear government guidance.

NCLT approves Resolution Plan of Farmax India Limited

June 29, 2023 1071 Views 0 comment Print

Upon his taking over charge as IRP, the Applicant herein made public announcement in Form-A inviting claims from the creditors of the Corporate Debtor.

Corporate Social Media Policy

June 29, 2023 858 Views 0 comment Print

Most of the employees are likely to use one or more social platforms. Whatever they post on their personal accounts can be a potential or unforeseen risk for the organisation if they share sensitive information.

CGST Delhi West Commissionerate busts nexus of more than 30 fake firms and arrests a person in special drive against fake registrations

June 29, 2023 1167 Views 0 comment Print

Ministry of Finance CGST Delhi West Commissionerate busts nexus of more than 30 fake firms and arrests a person in special drive against fake registrations The CGST Delhi West Commissionerate under CGST Delhi Zone, upon analysis of an entity under investigation as part of Special Drive against fake registrations, found multiple entities registered on the […]

Important changes w.r.t Liberalised Remittance Scheme (LRS) and TCS

June 29, 2023 2691 Views 0 comment Print

Ministry of Finance Important changes w.r.t Liberalised Remittance Scheme (LRS) and Tax Collected at Source (TCS) No change in rate of TCS for all purposes under LRS and for overseas travel tour packages, regardless of mode of payment, for amounts up to Rs. 7 lakh per individual per annum Government gives more time for implementation […]

SEBI Master Circular: Listing Obligations for Securities & Commercial Paper

June 29, 2023 2442 Views 0 comment Print

Get insights into SEBI’s master circular on listing obligations and disclosure requirements for non-convertible securities, securitized debt instruments, and commercial paper. This comprehensive circular consolidates previous guidelines and includes formats for reporting and compliance. Stay updated on the regulatory framework governing the corporate bond market in India.

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