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Archive: August, 2024

Posts in August, 2024

DGFT Introduces eBRC Bulk Upload & API Integration

August 14, 2024 2865 Views 0 comment Print

DGFTs Trade Notice 12/2024-25 introduces bulk upload and API integration for eBRC self-certification, streamlining export processes from August 20, 2024.

IBBI DC Disposes of SCN Against IP, Advises Re-examination Post SC Decision

August 14, 2024 573 Views 0 comment Print

The IBBI Disciplinary Committee disposes of SCN against Insolvency Professional Brijendra Kumar Mishra, advising re-examination after the Supreme Court’s decision.

Amendments to Para 10.06(III) HBP 2023 on SCOMET Approvals

August 14, 2024 534 Views 0 comment Print

DGFT amends Para 10.06 of Handbook of Procedures 2023 to update delegation of powers for SCOMET authorizations. Learn about the changes in Public Notice No. 17/2024.

Offshore Areas Mineral (Auction) Rules, 2024

August 14, 2024 879 Views 0 comment Print

New Offshore Areas Mineral (Auction) Rules 2024 by Ministry of Mines outline auction and leasing process for offshore minerals. Effective from August 14, 2024.

Latest Case Law Related to IBC – April to June 2024

August 14, 2024 1581 Views 0 comment Print

SC rules on Special Court jurisdiction; NCLAT redefines financial debt; HC upholds IBBI regulations and addresses various insolvency issues.

Mere production of invoices & e-way bills is insufficient for claiming ITC: Allahabad HC

August 14, 2024 2964 Views 0 comment Print

Allahabad HC upholds tax and penalty on Anil Rice Mill for wrong ITC claims under GST, emphasizing the burden of proof lies on the purchaser.

SC Upholds State Governments’ Tax Levy on Mining Activities wef April 1, 2005

August 14, 2024 1440 Views 0 comment Print

Supreme Court overrules India Cement case, ruling that MADA judgment should not be applied retrospectively to avoid disrupting past transactions and tax collections.

Recent GST Portal Advisories: July-August 2024 Updates

August 14, 2024 4929 Views 0 comment Print

Get the latest updates on GST portal advisories issued in July-August 2024, including changes in registration, refund processes, and e-invoicing services.

A Guide to Deposit Insurance and Credit Guarantee Corporation (DICGC)

August 14, 2024 3146 Views 0 comment Print

Understand DICGCs role in insuring bank deposits up to ₹5 lakh. Learn about compliance requirements, premium calculations, and penalties for non-compliance.

Denying Foreign Tax Credit despite accepted computations is incorrect: Madras HC

August 14, 2024 687 Views 0 comment Print

The Madras High Court in Thejo Engineering Limited Vs Deputy Director of Income Tax ruled that denying Foreign Tax Credit despite accepted computations is incorrect. 

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