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Archive: May, 2024

Posts in May, 2024

Arrest cannot be Routine on mere CGST Act Violation Allegations: Bombay HC

May 14, 2024 3537 Views 0 comment Print

Arrest Is A Serious Matter And Cannot Be Made Routine Manner On Mere Allegation of CGST Act violations: Bombay HC in Mahesh Gala vs Union of India & Ors in Criminal Writ Petition No. 938 of 2024

Tax leviable at 12 percent on Mango Pulp from beginning of GST

May 14, 2024 2088 Views 0 comment Print

Explore legal rulings and implications regarding GST rate for mango pulp, including recent judgment by Gujarat High Court and its impact on tax liability.

Credit card latest rules: You can now decide billing cycle of your card

May 14, 2024 1908 Views 0 comment Print

The ability for cardholders to determine their billing cycle signifies that credit cards are not merely tools for cashless transactions but also potent instruments for better financial management.

Real-Time Feedback Monitoring in Annual Information Statement introduced

May 14, 2024 3510 Views 0 comment Print

CBDT, has introduced a new feature in Annual Information Statement (AIS) accessible via compliance portal on Income Tax Department’s e-filing website.

Weekly newsletter from Chairman, CBIC dated 13/05/2024

May 13, 2024 492 Views 0 comment Print

Read the latest updates from CBIC Chairman’s weekly newsletter dated 13/05/2024. Highlights include enforcement actions, capacity building initiatives, and more.

IBBI Penalizes IP for Non-Cooperation & Failure to Conduct CIRP Proceedings

May 13, 2024 123 Views 0 comment Print

Explore the IBBI disciplinary committee’s order against Vineet Aggarwal for non-cooperation in insolvency cases. Understand the findings, penalties, and implications.

Penalty under Rule 25 of Central Excise Act necessitate ‘mens rea’ establishment

May 13, 2024 309 Views 0 comment Print

In landmark case of Nandan Auto Tech Ltd vs Commissioner of Central Excise, Punjab and Haryana High Court clarifies that penalty under Rule 25 Central Excise Act requires mens rea.

Section: 50B Slump Sale

May 13, 2024 1611 Views 0 comment Print

Understand Section 50B Slump Sale, where an undertaking is sold without individual asset valuation. Learn about computation, tax rates, and reporting formalities for capital gains under slump sale.

Influence of corporate governance on corporate social responsibility

May 13, 2024 567 Views 0 comment Print

Explore how corporate governance influences corporate social responsibility (CSR) initiatives, including theoretical perspectives, mechanisms, regulatory environments, case studies, and future trends.

Core Investment Company and RBI Interpretation

May 13, 2024 1332 Views 0 comment Print

Explore the concept and regulations surrounding Core Investment Companies (CICs) as interpreted by the Reserve Bank of India (RBI). Understand the criteria for CIC classification and its implications for lending and financing businesses in India.

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