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Archive: August, 2024

Posts in August, 2024

Activity of laying down pipelines for Government for supply of water not leviable to service tax: CESTAT Kolkata

August 21, 2024 603 Views 0 comment Print

CESTAT Kolkata held that activity of laying down the pipelines for Government/ Government Undertaking for supply of water from Kerala Water Authority (KWA) in Thiruvananthapuram city doesn’t attract service tax. Accordingly, refund claim allowed.

Non-declaration of dividend & director changes not Oppression & Mismanagement: NCLAT Delhi

August 21, 2024 1050 Views 0 comment Print

NCLAT clarifies that non-declaration of dividend and director changes cannot be considered acts of oppression and mismanagement in family-run companies.

Bombay HC permits GST return rectification after statutory deadline if no revenue loss

August 21, 2024 2163 Views 0 comment Print

Bombay HC directed CBIC to allow GST return rectification by reopening the portal or manually if no revenue loss. A notice and hearing are required if opposed.

Bombay HC imposes a penalty on JAO & CCIT for disregarding a prior judgment

August 21, 2024 3006 Views 0 comment Print

Bombay High Court imposed a cost on JAO and CCIT of Mumbai for not following judgement Hexaware case and Order them to deposit 25000 each as personal Cost with National Association for the Blind

MCA Imposes penalty for Reappointing Whole-Time Director Without Central Government Approval

August 21, 2024 2085 Views 0 comment Print

The Registrar of Companies imposes penalties on SML Isuzu and its officers for violating Section 196 of the Companies Act, 2013, concerning the reappointment of a director.

मुख्य या ग्रुप आडिटर को सहायक कंपनियों के आडिटर की रिपोर्ट की करनी होगी पूरी समीक्षा

August 21, 2024 1020 Views 0 comment Print

एनएफआरए सूचीबद्ध कंपनियों में वित्तीय धोखाधड़ी को रोकने के लिए समूह लेखा परीक्षकों द्वारा सहायक लेखा परीक्षकों की रिपोर्ट की सख्त समीक्षा की मांग करता है, ऑडिट मानक 600 में संशोधन का प्रस्ताव करता है।

Key Highlights of 165th Income Tax Day Celebration

August 21, 2024 537 Views 0 comment Print

Finance Minister Nirmala Sitharaman emphasizes tax compliance and technology adoption during the 165th Income Tax Day celebration, praising CBDT’s initiatives.”

Is ITC exempt for transportation of women employees?

August 21, 2024 1581 Views 0 comment Print

Explore the AAR ruling on ITC eligibility for transportation services provided to women employees under Section 17(5) of the CGST Act.

GST Authority Must Consider Rectification Application for GSTR-1 Errors

August 21, 2024 1017 Views 0 comment Print

Madras High Court directs disposal of rectification petition and restrains tax authorities from recovery in Veeran Mehhta case, citing filing errors in GSTR-1.

How can ELSS Mutual Funds grow monthly SIPs of Rs 30,000 to Rs 1 crore in a period of 10 years?

August 21, 2024 1452 Views 0 comment Print

Investing can often seem like a complex puzzle, especially when aiming for significant financial goals like accumulating ₹1 crore. However, this goal is achievable with the right approach and investment vehicle. One such powerful tool is the Equity Linked Savings Scheme (ELSS) combined with a Systematic Investment Plan (SIP).

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