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Archive: August, 2024

Posts in August, 2024

Harmonisation of Chapters 40 to 98 of Schedule-II (Export Policy) to ITC(HS) codes

August 2, 2024 984 Views 0 comment Print

DGFT updates Schedule-II Export Policy with ITC(HS) codes for Chapters 40-98. Comments due by 11.08.2024. See Trade Notice No. 11/2024-25 for details.

Incorrect Pre-Deposit Can Be Rectified by Refiling Appeal with Correct Deposit: HC

August 2, 2024 816 Views 0 comment Print

Procedural lapses, such as incorrect pre-deposit payments, can be rectified by refiling the appeal with the correct deposit, ensuring that justice is served on merits rather than dismissed on technical grounds.

Service Tax on University Affiliation Fees & Rental Income: Karnataka HC Ruling

August 2, 2024 1473 Views 0 comment Print

Karnataka HC rules on service tax liability for Rajiv Gandhi University. Affiliation fees exempt; rental income for banks/canteens taxable. Full judgment analysis here.

Inherent Powers Must Be Exercised Sparingly; Routine Compromise in Rape Cases Unacceptable: MP HC

August 2, 2024 525 Views 0 comment Print

MP HC’s landmark judgment emphasizes the sparing use of inherent powers in heinous offences and rejects routine compromise in rape cases.

Foreign Exchange Management (Debt Instruments) (Third Amendment) Regulations, 2024

August 2, 2024 1533 Views 0 comment Print

RBI’s 2024 amendment to FEMA regulations allows foreign investors to buy Sovereign Green Bonds in India’s IFSC and remit proceeds abroad. Effective from August 2024.

Government Steps to Raise F&O Segment Awareness

August 2, 2024 750 Views 0 comment Print

Learn about the Government efforts to raise awareness and regulate the F&O segment in the Indian Stock Market, including investor education programs and fund allocation.

Response to Allegations of Manipulation of Stock Market Through Exit Polls

August 2, 2024 540 Views 0 comment Print

SEBI’s July 2024 update addresses allegations of stock market manipulation via exit polls and reveals the top sellers on June 3, 2024, on NSE and BSE.

Tax Liability on Haircuts under IBC: Clarifications by MCA

August 2, 2024 2262 Views 0 comment Print

Learn about the tax implications on haircuts taken by banks and creditors for companies resolved under the Insolvency and Bankruptcy Code, 2016, as clarified by the MCA.

ICAI President’s August 2024 Message: Exam Results & Economic Insights

August 2, 2024 939 Views 0 comment Print

ICAI President’s August 2024 message highlights India’s economic growth, recent exam results, and the Union Budget’s role in achieving Viksit Bharat by 2030.

Form GSTR 1 & GSTR-1A- Monthly Statement of Outward Supplies | FAQs

August 2, 2024 184440 Views 21 comments Print

Explore our FAQs on Form GSTR-1, delinking debit and credit notes, auto-population of e-invoice details, editing and viewing e-invoice details, and Form GSTR-1A. Ensure seamless GST compliance with our comprehensive guide.

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