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Archive: 15 April 2024

Posts in 15 April 2024

Tariff Values wef 16/04/2024: Edible Oils, Brass Scrap, Areca Nut, Gold & Silver

April 15, 2024 561 Views 0 comment Print

Ministry of Finance announces amendment in customs tariff values through Notification No. 29/2024-CUSTOMS, effective from April 16, 2024. Detailed analysis of revised tariff values provided.

SAED on Petroleum Crude Production increased to ₹9600 per Tonne from April 16, 2024

April 15, 2024 303 Views 0 comment Print

Get the latest update: Central Board of Indirect Taxes and Customs increases SAED on production of Petroleum Crude to Rs. 9600 per tonne from April 16, 2024.

Order Issued Without Personal Hearing Contravenes CGST Act Section 75(4): Bombay HC

April 15, 2024 846 Views 0 comment Print

Delve into the detailed analysis of the Bombay High Court judgment in Hydro Pneumatic Accessories India Pvt. Ltd. vs Assistant Commissioner of State Tax, highlighting violations of natural justice and its implications.

Weekly Newsletter from CBIC Chairman dated 15th April 2024

April 15, 2024 522 Views 0 comment Print

Stay updated with the latest initiatives and achievements of the Government of India’s Ministry of Finance, Department of Revenue, and Central Board of Indirect Taxes & Customs. Learn about SAMAY portal, training collaborations, DRI interceptions, and more.

Non-Filing of Resolution(S) with Registrar: MCA imposes ₹4,08,500 Penalty

April 15, 2024 1572 Views 0 comment Print

Learn about the penalty imposed by MCA for non-filing of resolutions with the registrar. Detailed analysis of the case and implications. Read more.

Comprehensive Guide to Secretarial Audit

April 15, 2024 1128 Views 0 comment Print

Discover the comprehensive guide to secretarial audit, covering its applicability, scope, professional responsibility, and who can conduct it. Ensure compliance, transparency, and corporate integrity.

Rajasthan HC stays GST Recovery, Allows Appeal Filing Within 3 Months of Tribunal’s Formation

April 15, 2024 546 Views 0 comment Print

Rajasthan High Court directed that no further GST recovery proceedings would ensue if the petitioner adhered to payment conditions outlined in Section 112(8) of the Act. However, the petitioner must exercise the statutory remedy of appeal within three months from the Tribunal’s constitution.

Violation of Registered Office Requirements: MCA Imposes ₹4 Lakh Penalty

April 15, 2024 426 Views 0 comment Print

Ministry of Corporate Affairs imposes a penalty of ₹4 lakh on M/S. Jansansar Nidhi Limited for failure to maintain a capable registered office. Learn about the violation and its consequences.

Decoding The Principal – Agent Relationship: An Analysis of Supreme Court’s Interpretation of Section 194-H of Income Tax Act, 1961

April 15, 2024 1989 Views 0 comment Print

Explore the Supreme Court interpretation of Section 194-H of the Income Tax Act, 1961, analyzing the distinction between commission-based principal-agent relationships and discount-based sales.

Non-opening of Demat Account & Transfer of Shares in Physical Form: MCA imposes ₹3.5 Lakh Penalty

April 15, 2024 948 Views 0 comment Print

Learn why the MCA penalized Maharishi Interactive Technology Ltd. and individuals for not opening a Demat account & transferring shares physically. Analysis & implications.

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