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Archive: 08 August 2024

Posts in 08 August 2024

RBI Monetary Policy August 2024: Key Decisions

August 8, 2024 1920 Views 0 comment Print

RBI keeps repo rate unchanged at 6.5%, projects 7.2% GDP growth for 2024-25. Introduces public depository for digital lending apps, enhances UPI tax payment limit.

GST on Goods Stored in FTWZ: AAR’s Ruling

August 8, 2024 1098 Views 0 comment Print

The activity of transfer of title of goods stored in FTWZ Unit by applicant to its customers in Domestic Tariff Area (DTA) or multiple transfer within FTWZ will get covered under para 8(a) of Schedule-III of CGST/TNGST Acts 2017

AAR Rejects Rectification Request Due to No Apparent Error on Record

August 8, 2024 642 Views 0 comment Print

AAR Tamil Nadu denies rectification request for Mitsubishi Electric’s GST ruling, confirming no errors in the original decision on input tax credit and duty payments.

GST Classification for Plastic Parts in Electric Batteries

August 8, 2024 456 Views 0 comment Print

Explore the GST classification and tax rates for plastic components used in electric batteries. Understand the specific HS code under which these products fall.

Share Application Money use before allotment, No Separate Bank Account: MCA Imposes ₹1.71 Crore Penalty

August 8, 2024 330 Views 0 comment Print

Quadrant Future Tek Ltd faces penalties for violating Section 42(5) of the Companies Act, 2013. Non-compliance with procedural requirements leads to fines.

One-Day Delay in Opening Separate Account for Share Application Money: MCA Imposes ₹31 Lakh Penalty

August 8, 2024 2457 Views 0 comment Print

The Registrar of Companies penalizes V.L. Infraprojects for violating Sections 42 and 62 of the Companies Act by failing to maintain separate share application funds.

MCA Imposes Penalty for Delay in Depositing Dividend in Separate Bank Account

August 8, 2024 183 Views 0 comment Print

Multi Commodity Exchange fined Rs. 11,000 for a one-day delay in depositing dividend. Total penalty for company and officials: Rs. 44,000.

MCA Imposes ₹29 Lakh Penalty for Not Opening Separate Bank Account for Share Application Money

August 8, 2024 132 Views 0 comment Print

Registrar of Companies Gujarat imposes penalty on V.L. Infraprojects Ltd. for violating Section 42 of the Companies Act, 2013 by failing to open a separate bank account.

SEBI Consultation paper on Reporting by Foreign Venture Capital Investors

August 8, 2024 747 Views 0 comment Print

SEBIs draft circular on reporting by Foreign Venture Capital Investors (FVCIs) seeks public comments by August 29, 2024. Review and submit your feedback online.

RBI Keeps Repo Rate at 6.50% in August 2024 Policy Review

August 8, 2024 189 Views 0 comment Print

RBI maintains policy repo rate at 6.50% in August 2024. Focus on controlling inflation while supporting growth. Projected GDP growth of 7.2% for 2024-25.

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