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Archive: August, 2023

Posts in August, 2023

30 days Time period for review u/s 128 of SVLDRS Scheme, 2019 can be relaxed

August 23, 2023 630 Views 0 comment Print

Madhya Pradesh High Court the time period of 30 days stipulated in Section 128 is relaxable. Accordingly, review u/s 128 of the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 (SVLDRS Scheme, 2019) allowable if reasons are assigned by the Revenue which do not fall foul of reasonableness clause under Article 14 of Constitution.

Seizure memo in GST MOV-06 not sustained as authority failed to record finding on submission by petitioner

August 23, 2023 1404 Views 0 comment Print

Allahabad High Court held that seizure memo could not be sustained in the eye of law as authorities below have not recorded any findings with regard to submission of the petitioner with regard to that there was break down of the vehicle and the driver fell ill in the matter of e-way bill expiry.

Understanding the Need for Financial Clinics in Modern Business

August 23, 2023 1149 Views 0 comment Print

Exploring evolution of financial systems in business and why concept of financial clinics is becoming increasingly vital for streamlined operations.

Main Object for Real Estate and Construction Business in MOA

August 23, 2023 75965 Views 0 comment Print

Explore key main object clauses for Real Estate and Construction businesses in the Memorandum of Association (MOA). Craft a comprehensive MOA with legal insights for a robust foundation. 

Notification No. 69/2023: Income Tax exemption to Swasthya Sathi Samiti’s Income

August 23, 2023 1206 Views 0 comment Print

Details of Notification No. 69/2023 on Swasthya Sathi Samiti, Kolkata’s specified income under Income-tax Act, 1961. Pertains to grants and interest.

Income Tax Notification 68/2023: Exemption to UIDAI’s Specified Income

August 23, 2023 1299 Views 0 comment Print

Overview of Notification No. 68/2023 on specified income of UIDAI under Income-tax Act, 1961. Includes grants, fees, service charges, and more.

Input tax credit (ITC): Conditions, challenges & Compliance in GST

August 23, 2023 4263 Views 0 comment Print

Explore ITC’s facets in GST – from conditions, proof responsibilities, to the importance of compliance. Dive deep into legal battles & expert suggestions.

Levy of tax on milk cream sustained as milk cream & milk are different product

August 23, 2023 1053 Views 0 comment Print

Himachal Pradesh High Court held that milk cream is different from milk. Accordingly, revision petition is dismissed and demand of tax @ 4% sustained.

Understanding SEBI’s Regulation 3: Acquisition & Takeovers

August 23, 2023 28527 Views 0 comment Print

Delve into SEBI’s Regulation 3, detailing stringent requirements and disclosures for acquirers in substantial share acquisitions of listed companies.

TNGST: Two wheeler fan belts attracts 5% tax & tractor fan belts attracts 3% tax

August 23, 2023 534 Views 0 comment Print

Madras High Court held that two wheeler fan belts falls under entry 30 of Part-C of TNGST Act attracting 5% tax and tractor fan belts are specifically found mentioned under entry 27 of Part-B of TNGST Act attracting 3% tax. Hence, it is not right to invoke general entry 50 to the same.

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