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Archive: 22 March 2024

Posts in 22 March 2024

SC Grants Bail to Accused in Input Tax Credit Scam under CGST Act

March 22, 2024 1482 Views 0 comment Print

Read the detailed analysis of Ramchandra Vishnoi et al. v. Union of India case where the Supreme Court grants bail after considering previous rejections. Learn more about the conditions imposed.

₹13.92 lakh Penalty Imposed on Amara Raja Media for delay in CS Appointment

March 22, 2024 210 Views 0 comment Print

Amara Raja Media faces a ₹13.92 lakh penalty for delayed appointment of a Company Secretary, violating Section 203 of the Companies Act, 2013.

Petitioner availed Lower ITC than GSTR 2A Amounts: conclusion of AO of wrongful ITC availing indicates non-application of mind

March 22, 2024 1914 Views 0 comment Print

Madras High Court quashes assessment order for availing lower Input Tax Credit than reflected in GSTR 2A, citing non-application of mind. Details of the judgment here.

Unlocking Success: How Process Audits Propel Small and Medium Enterprises (SMEs)

March 22, 2024 831 Views 0 comment Print

Discover how process audits fuel growth for Small and Medium Enterprises (SMEs), enhancing efficiency, quality control, risk management, and decision-making.

L&T vs Mindtree: Unveiling India’s First IT Hostile Takeover Drama

March 22, 2024 4161 Views 3 comments Print

Dive into India’s first hostile IT sector takeover as L&T acquires Mindtree against fierce opposition. Explore strategies, legalities, and post-merger impacts.

Beyond Borders: Understanding Impact of Black Money Act on Foreign Assets & Income

March 22, 2024 2919 Views 1 comment Print

Explore implications of Black Money Act on foreign assets and income for residents. Understand disclosure requirements, penalties, and compliance to avoid legal and financial consequences.

Enhancing Transparency in Liquidation Process: IBBI’s Directive to Stakeholders

March 22, 2024 423 Views 0 comment Print

Discover how IBBI aims to boost transparency in liquidation processes by involving stakeholders. Explore directives for progress reporting and consultation.

Framework for Recognizing SROs for RBI Regulated Entities

March 22, 2024 741 Views 0 comment Print

Explore how the Reserve Bank of India is fostering self-regulation through SROs, setting industry standards, and enhancing compliance for a stable financial system.

DGFT extends Export Prohibition on Onions till Further Notice

March 22, 2024 387 Views 0 comment Print

Read about the Ministry of Commerce and Industry’s latest amendment (Notification No. 81/2024-DGFT) extending the prohibition on onion exports until further notice.

Income Tax Calculations – With Deduction and Without Deduction

March 22, 2024 3978 Views 1 comment Print

Learn about the intricacies of income tax calculations with and without deductions. Explore tax slabs, deductions, and their impact on your tax liabilities.

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