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Archive: 04 March 2024

Posts in 04 March 2024

Review of Foreign Direct Investment (FDI) Policy on Space Sector

March 4, 2024 1317 Views 0 comment Print

Explore the amendments in India’s FDI Policy for the Space Sector through Press Note No. 1 (2024 Series). Details on sectoral caps, entry routes, and impact on investments.

Ensuring Legal Compliance for Limited Liability Partnerships (LLPs)

March 4, 2024 2742 Views 0 comment Print

Learn about the legal compliance requirements for LLPs, including benefits over private limited and partnerships, tax obligations, and filing procedures.

Significance of Residential Status: Understanding its Importance & Necessity

March 4, 2024 2013 Views 0 comment Print

Explore the importance of determining residential status for tax purposes, its impact on global income taxation, and compliance strategies.

ITC Allowed Without Need for Physical Documents

March 4, 2024 10113 Views 1 comment Print

Explore the Madras High Court ruling on allowing Input Tax Credit without physical invoices, emphasizing electronic records for GST compliance.

Tax not leviable on recipient as foreign service provider had permanent establishment in India: CESTAT Ahmedabad

March 4, 2024 864 Views 0 comment Print

CESTAT Ahmedabad rules service recipients in India not liable for service tax when the foreign service provider has a permanent establishment in India.

Clean Bio Zinc (NSP) Classifiable under CTH 38089290: CAAR Mumbai

March 4, 2024 795 Views 0 comment Print

CAAR Mumbai rules Clean Bio Zinc (NSP) falls under CTH 38089290, highlighting its use in anti-dandruff shampoos and as a fungicide. Discover the full analysis.

Penalty u/s. 114AA of Customs Act unsustainable as department failed to prove mis-declaration: CESTAT Ahmedabad

March 4, 2024 2250 Views 0 comment Print

CESTAT rules against imposing penalties on Amglo Resources Pvt Ltd for alleged COO misdeclaration, emphasizing the need for mens rea proof.

Company Fails to File Directors Report with Balance Sheet: MCA Imposes ₹3.5 Lakh Penalty

March 4, 2024 582 Views 0 comment Print

Explore the adjudication order under Section 454 of the Companies Act, 2013, against Petron Minerals & Metals Limited by the Registrar of Companies, Uttar Pradesh.

Odisha GST: Notification of Public Tech Platform for Frictionless Credit

March 4, 2024 690 Views 0 comment Print

Explore the Odisha Finance Department’s notification on the establishment of a “Public Tech Platform for Frictionless Credit” under the Odisha GST Act.

Penalty imposed for mis-classification of goods for claiming higher incentives: CESTAT Ahmedabad

March 4, 2024 1974 Views 0 comment Print

CESTAT Ahmedabad imposes penalties under Customs Act for fraudulent MEIS benefit claim by Fashion Accessories, highlighting stringent legal consequences.

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