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Archive: May, 2024

Posts in May, 2024

Exporters’ Options for Non-Realisation & Non-Repatriation of Proceeds under FEMA Act

May 21, 2024 2193 Views 0 comment Print

Explore the options available to exporters under the FEMA Act for non-realisation and non-repatriation of export proceeds, including self-write-off, representations, and extensions.

Assessee should approach GST Commissioner to seek relief for interest payment in instalments

May 21, 2024 738 Views 0 comment Print

Learn about the dismissal of Best Recharge appeal regarding interest payment on excess Input Tax Credit. Details of the case and court ruling explained.

Order passed without signature is no order in the eye of law: AP HC

May 21, 2024 873 Views 0 comment Print

In a case before the Andhra Pradesh High Court, the absence of the authority’s signature on the order leads to its nullification. Detailed analysis here.

Service of notice should be in compliance to Rule 64 of A.P. VAT Rules, 2005: AP HC

May 21, 2024 375 Views 0 comment Print

Explore detailed analysis of case between G.R.R. Associates and Andhra Pradesh VAT Appellate Tribunal regarding service of notice in compliance with Rule 64 of A.P.VAT Rules, 2005.

ICAI Penalized CA for Involvement in Accommodation Entries, Fake Bills

May 21, 2024 1248 Views 0 comment Print

ICAI Board: Bansal’s objections addressed; sufficient evidence—call transcripts, forensic reports—establish his involvement in fake entries. Conduct deemed unbecoming of a CA, failing ethical standards.

Listed Entity Compliances under SEBI (LODR), 2018

May 21, 2024 984 Views 0 comment Print

Explore the disclosure and compliance requirements for listed entities under SEBI regulations, including quarterly, half-yearly, annually, and event-based obligations.

Madras HC Quashes GST Demand on Water Tankers Supplied by CMWSSB

May 21, 2024 1320 Views 0 comment Print

Madras HC nullifies ₹96.10 crore GST demand on CMWSSB for purified water supply. Analysis of CGST imposition and BIS standards.

MCA Imposes Rs. 5 Lakh Penalty for non-filing of DIR-12

May 21, 2024 972 Views 0 comment Print

MCA penalizes Tritium Infrastructure Pvt Ltd Rs. 5 lakh for not filing DIR-12 for director resignation. Understand the implications and details.

GST on Mango Pulp: 12% Rate Applicable Since GST Inception (July 1, 2017)

May 21, 2024 1065 Views 0 comment Print

Varsha Foods Products India Pvt Ltd vs Assistant Commissioner (ST): Andhra Pradesh High Court rules GST on Mango Pulp at 12%, citing a government circular.

RBI Withdraws 8 Obsolete Circulars issued between 1995-2006

May 21, 2024 384 Views 0 comment Print

RBI’s internal review leads to withdrawal of outdated circulars from 1995 to 2006. Learn the details, implications, and analysis of this move by the Reserve Bank of India in 2024.

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