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Archive: May, 2024

Posts in May, 2024

No GST on Sale of Goods in 3P FTWZ to Bonded Warehouse under MOOWR Scheme

May 30, 2024 1470 Views 0 comment Print

Explore the intricate legalities surrounding the GST levies on goods sold from third-party Free Trade Warehousing Zones (FTWZ) to bonded warehouses under the MOOWR Scheme in Tamil Nadu. Detailed insights, rulings, and implications discussed.

Draft Rules on moisture meters for cereal grains and oilseeds for comments

May 30, 2024 114 Views 0 comment Print

Draft Rules on moisture meters for cereal grains and oilseeds, are placed in website of Department www.consumeraffairs.nic.in for seeking comments from all stakeholders by 29.06.2024.

Startup Ecosystem and Funding in India: A Comprehensive Overview

May 30, 2024 516 Views 0 comment Print

Explore the thriving startup ecosystem in India, driven by innovation, technological advancements, government support, and diverse funding options, fueling growth and entrepreneurship.

Inherent power of NCLT to recall an order to secure the ends of justice

May 30, 2024 381 Views 0 comment Print

Supreme Court landmark judgment in Greater Noida Industrial Development Authority vs. Prabhjit Singh Soni clarifies creditor rights in insolvency proceedings.

Delhi HC Denies Bail To Former PFI Chairman E Abubacker

May 30, 2024 195 Views 0 comment Print

Delhi HC Denies Bail to Former PFI Chairman E Abubacker in UAPA Case. The court ruled on 28 May 2024, citing sufficient evidence of terrorist activities. Bail plea on medical grounds also rejected.

GST Demand Recovery Before Expiry Of 3 Months

May 30, 2024 2187 Views 1 comment Print

High Court of Madras directs refund of recovered GST amounts to Tvl.Cargotec India Private Limited, highlighting importance of adhering to recovery timelines under TN GST Act.

Prior Approval Under Section 153D is Mandatory & should not be mechanical

May 30, 2024 3096 Views 0 comment Print

Explore the legal battle between ACIT and Serajuddin & Co. Kolkata, as the High Court evaluates ITAT’s approval process under Section 153D of the Income Tax Act.

Early GST Recovery proceedings Initiation Rules

May 30, 2024 6960 Views 0 comment Print

Explore the guidelines for initiating GST recovery before three months from demand order. Learn about exceptions, procedures, and implications. Stay compliant.

Gratuity Limit Enhancement: Govt. Increases to Rs 25 Lakh

May 30, 2024 2529 Views 0 comment Print

Government of India enhances maximum limit of gratuity for Central Government employees to Rs 25 Lakh, implementing Seventh CPC recommendations. Details here.

RBI Releases Final Framework for FinTech SRO Recognition

May 30, 2024 327 Views 0 comment Print

RBI unveils the definitive framework for recognizing Self-Regulatory Organizations (SROs) in the FinTech sector, aiming for balanced regulation and industry growth.

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