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Archive: 10 July 2024

Posts in 10 July 2024

DGFT Clarification on Interest Equalisation Scheme (IES) Extension

July 10, 2024 1038 Views 0 comment Print

Read DGFTs Trade Notice clarifying issues on the Interest Equalisation Scheme (IES) extension for export credit. Understand thresholds, eligibility, and UIN requirements.

Non-reporting of violations in audit report: MCA imposes Penalty on CA

July 10, 2024 1086 Views 0 comment Print

Learn about MCA’s penalty for failure to report violations in audit reports under Section 143 of the Companies Act, 2013. Detailed case analysis included.

NCLT Grants Zee’s Request to Withdraw Merger Implementation Application

July 10, 2024 321 Views 0 comment Print

Read the full NCLT judgment where Zee Entertainment Enterprises Limited sought to withdraw its merger with Sony Groups, impacting shareholders and creditors. Learn more.

Proposed Amendments to IFSCA (Registration of Insurance Business) Regulations, 2021

July 10, 2024 567 Views 0 comment Print

Explore proposed amendments to IFSCA (Registration of Insurance Business) Regulations 2021. Understand changes, implications, and how to submit your feedback to IFSCA.

Kerala HC Quashes Late Fee for GSTR-9C Filing Delay

July 10, 2024 2301 Views 0 comment Print

Kerala High Court quashes order demanding late fee for delayed GSTR-9C filing, providing relief to taxpayers who filed before 01.04.2023.

SCOMET Policy on Irregular Aluminium Powder: Clarifications & Implications

July 10, 2024 447 Views 0 comment Print

Understand the applicability of SCOMET policy on irregular Aluminium Powder as clarified by DGFT. Learn about categories, requirements, and customs procedures.

Proper officer Provisions amended for GST Registration & Composition Levy

July 10, 2024 978 Views 0 comment Print

CBDT shifts CGST functions to Superintendents of Central Tax. Circular No. 223/17/2024-GST details changes for registration and composition levy.

Capital Gains Tax on Transfer of Depreciable Assets Without Asset Distribution Post-Partnership Firm reconstitution

July 10, 2024 624 Views 0 comment Print

Kerala High Court rules on capital gains tax for transfer of depreciable assets in PVR Tourist Home Vs CIT. Read the full judgment and detailed analysis here.

No provision for Appeal against IGST order before U.P. GSTAT: HC Admits Writ 

July 10, 2024 444 Views 0 comment Print

Allahabad HC admits writ in Abdul Rahman & Sons Vs Union of India, ruling no provision for appeal against IGST order before U.P. GST Appellate Authority.

CGST: E-commerce Operator TCS collection rate reduced to 0.25%

July 10, 2024 2241 Views 0 comment Print

Notification No. 15/2024-Central Tax dated 10th July 2024: E-commerce operators (not agents) now collect 0.25% (reduced from 0.50%) on intra-State taxable supplies’ net value from 10th July 2024.

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