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Archive: 29 January 2024

Posts in 29 January 2024

GST on Manpower Services to Panchayats: AAR Karnataka Ruling

January 29, 2024 831 Views 0 comment Print

Explore GST AAR Karnataka ruling on manpower services by Manish Manpower Agency to Zilla Panchayat & Taluka Panchayat. Understand exemption criteria and tax implications for different services.

GST is exempt on supply of Tree Pruners: GST AAR Karnataka

January 29, 2024 516 Views 0 comment Print

In re Global Marketing (GST AAR Karnataka) Introduction: Discover the recent ruling from the GST Authority for Advance Ruling (AAR) Karnataka, highlighting the exemption granted to Tree Pruners under the case of Global Marketing. This article provides a comprehensive analysis of the classification and the specific exemption criteria applied to Tree Pruners as agricultural implements. […]

No Advance Ruling for Completed Self-Assessed Taxed Supplies

January 29, 2024 246 Views 0 comment Print

Explore the GST AAR Karnataka ruling on statutory levies by AGP City Gas. Understand the implications and exemptions. Learn why advance rulings can’t apply to completed supplies with self-assessed tax.

India Goes Global: Decoding Leap Rules & Listing Opportunities Abroad

January 29, 2024 1362 Views 0 comment Print

Explore the game-changing Companies (Listing of Equity Shares in Permissible Jurisdictions) Rules, 2024, paving the way for Indian firms to access global capital seamlessly. Learn about eligibility, regulations, and compliance.

Bank Branch Auditors’ Draft Panel of CAs/firms for 2023-24

January 29, 2024 53065 Views 0 comment Print

We are pleased to inform that the Draft Bank Branch Auditor Panel (MEF) of Chartered Accountants/firms for the year 2023-24 prepared as per the RBI Norms dated 6th March, 2023 has been hosted at www.meficai.org

Direct listing of shares of Indian companies, overseas through IFSC GIFT City

January 29, 2024 1191 Views 0 comment Print

Explore the impact of Companies (Listing of equity shares in permissible jurisdictions) Rules, 2024, and Foreign Exchange Management (Non-debt Instruments) Rules, 2024 on Indian companies listing overseas via IFSC GIFT City.

Madras HC Quashes GST Assessment Order: Petitioner Granted Opportunity to Cure Defects

January 29, 2024 1128 Views 0 comment Print

Madras High Court quashes GST assessment order, grants petitioner a fair chance to address defects. Key insights into Sri Guberan Steels vs. Assistant Commissioner case.

Can proviso to Section 50(1) of CGST Act surpass scope of Section 50(1)?

January 29, 2024 2106 Views 0 comment Print

Explore the interpretation challenges surrounding the proviso to Section 50(1) of CGST Act, 2017. Analyzing the Madras High Court judgment on Eicher Motors Limited case.

Customers obligation towards Banker- An Analysis

January 29, 2024 3843 Views 0 comment Print

Explore legal obligations of customers towards bankers. Learn about drawing cheques, overdrawing, charges, and more. Understand rights and duties in banking relationships

Section 43B Amendments: FAQs on Timely Payments to MSMEs

January 29, 2024 29106 Views 3 comments Print

Understand recent amendments to Section 43B of Income Tax Act, emphasizing prompt payments to MSMEs. Explore FAQs for clarity on compliance, consequences, and practical implications.

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