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Archive: February, 2024

Posts in February, 2024

FAQs on Action against Paytm Payments Bank Ltd and Clarification

February 16, 2024 3378 Views 0 comment Print

Explore the recent RBI action against Paytm Payments Bank under Section 35A of the Banking Regulation Act, its impact on accounts, wallets, and services, and find answers to FAQs

Transfer of development rights would be considered as service under GST Law

February 16, 2024 9034 Views 0 comment Print

Prahitha Constructions Private Limited Vs Union of India (Telangana High Court) The Hon’ble Telangana High Court in the case of M/s. Prahitha Constructions Private Limited v. Union of India and Ors. [Writ Petition No. 5493 of 2020 dated February 09, 2024] dismissed the writ petition and held that transfer of development rights would be considered […]

Cess levied under Goa Cess Act is valid and not subsumed by GST Laws

February 16, 2024 1644 Views 0 comment Print

The Honble Bombay High Court in Sesa Sterlite case validates the levy of Cess under the Goa Rural Improvement and Welfare Cess Act, asserting its not subsumed by GST laws. Get insights into the courts decision and its implications.

SEBI’s New AIF Valuation Guidelines

February 16, 2024 2109 Views 1 comment Print

Learn about SEBI’s circular on AIF valuation norms effective from November 01, 2023. Understand the principles for valuing traded and non-traded securities, gold, and silver, ensuring compliance and accuracy.

Post incorporation compliances for companies incorporated in India

February 16, 2024 4780 Views 0 comment Print

Discover crucial post-incorporation compliances for startups to avoid potential company striking off by the Registrar of Companies. Learn about forms, penalties, and timelines for key compliances.

Customs Brokers Not Liable for Client Background Checks: CESTAT Delhi

February 16, 2024 777 Views 0 comment Print

In the case of World Line Cargo Movers Vs Commissioner of Customs, CESTAT Delhi ruled that customs brokers cannot be held liable for background checks of clients.

CESTAT Appeal Disposal period Doesn’t Count Under Customs Act Section 28(9)

February 16, 2024 789 Views 0 comment Print

Delhi High Court ruled that the period spent in disposal of appeal before CESTAT shall not count towards period stipulated under Section 28(9) of Customs Act.

Madras HC Quashes GST Revision Order Against Renault Nissan

February 16, 2024 2427 Views 0 comment Print

Madras High Court overturns GST revision order, granting Renault Nissan a chance for fair hearing on their substantial ITC refund claim. Read for detailed insights.

IRDAI’s Mandatory Cession: New Regulations for Indian Re-insurers 2024-25

February 16, 2024 2838 Views 0 comment Print

Explore the latest IRDAI notification on obligatory cession for 2024-25. Learn about applicability, cession percentages, terms, commissions, and profit-sharing for Indian reinsurers.

Bombay HC Allows Provisional Release of Premium Cold Coffee

February 16, 2024 714 Views 0 comment Print

Bombay High Court grants provisional release of premium cold coffee, criticizes discriminatory treatment by Customs, directs acceptance of bank guarantee.

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