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Archive: 14 August 2024

Posts in 14 August 2024

SCN serving failure: Orissa HC Sets aside GST Order & Directs Fresh Hearing

August 14, 2024 267 Views 0 comment Print

Orissa High Court rules in favor of Krishna Motors, overturning an ex parte tax assessment order. Fresh hearing ordered due to failure in serving notice.

Analysis on guidelines for second all-India drive against fake GST registrations

August 14, 2024 4890 Views 0 comment Print

Guidelines for the second special drive against fake GST registrations outline coordinated efforts from August 16 to October 15, 2024, to detect and eliminate tax fraud.

जीएसटी एक्ट 2017 में रिवर्स चार्ज मेकैनिज्म (RCM)

August 14, 2024 2778 Views 0 comment Print

जीएसटी एक्ट 2017 में रिवर्स चार्ज मैकेनिज्म (RCM) आपूर्तिकर्ता की बजाय कर का भुगतान प्राप्तकर्ता द्वारा किया जाता है। जानें RCM के नियम और लाभ।

Madras HC Orders Reconsideration of GST Demand with Conditions

August 14, 2024 234 Views 0 comment Print

HC sets aside tax order, allowing petitioner to submit a response and remit 10% of the disputed amount. New decision to be issued within three months.

GST registration Cancellation order: HC set-aside Vague/Cryptic Order

August 14, 2024 417 Views 0 comment Print

Delhi High Court overturns GST registration cancellation for VK Traders. The court found the cancellation order and show cause notice to be unreasonable and unjust.

HC cannot act as an appellate authority over coordinate Bench’s decisions

August 14, 2024 297 Views 0 comment Print

Orissa High Court dismisses review application, asserting it cannot act as an appellate authority over a coordinate Bench’s order. Read the full judgment.

Orissa HC direct RTO to decide on vehicle registration cancellation application

August 14, 2024 240 Views 0 comment Print

Orissa HC orders RTO to consider Bijaya Kumar Mallick’s request for vehicle registration cancellation, per STA guidelines, within three weeks.

IPE can be appointed as IP to carry out duties & functions under IBC: NCLT Mumbai

August 14, 2024 615 Views 0 comment Print

NCLT Mumbai rules in favor of Piramal Capital, allowing Insolvency Professional Entities to be appointed as Resolution Professionals in the case of Notion Real Estate.

RBI Cautions against Non-Compliance of Regulatory Standards by Banks & NBFCs

August 14, 2024 735 Views 0 comment Print

RBI cautions banks and NBFCs on non-compliance with regulatory standards, highlighting risks associated with rapid home equity loan growth and poor monitoring practices.

Changes in Capital Gains Taxation: Budget 2024 Amendments

August 14, 2024 56178 Views 7 comments Print

Explore the significant changes in capital gains taxation proposed in Budget 2024, including revised tax rates, holding periods, and removal of indexation benefits.

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