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Archive: 12 November 2024

Posts in 12 November 2024

Simplified registration for Foreign Portfolio Investors (FPIs)

November 12, 2024 564 Views 0 comment Print

SEBI allows simplified registration for FPIs by introducing an abridged Common Application Form, reducing duplication for eligible applicants.

Disciplinary Action against Insolvency Professional for Violation of CIRP Regulations

November 12, 2024 369 Views 0 comment Print

IBBI issues order against Insolvency Professional Jitender Arora for failing to include replacement agenda in CIRP meetings.

Advisory on GST Invoice Management System (IMS) Phase 1

November 12, 2024 23058 Views 0 comment Print

GSTN issues advisory on the new Invoice Management System (IMS) for accepting or rejecting supplier invoices, impacting GSTR-2B and GSTR-3B auto-population.

Phased Implementation of Low Voltage Switchgear under EEQCO

November 12, 2024 384 Views 0 comment Print

The Ministry of Heavy Industries outlines the phased implementation of Low Voltage Switchgear under EEQCO, effective from November 10, 2024.

जीएसटी में एमनेस्टी स्कीम के संबंध में प्रकिया।

November 12, 2024 1872 Views 0 comment Print

नई जीएसटी एमनेस्टी योजना को समझें और वित्त वर्ष 2017-18 से 2019-20 के लिए करों, ब्याज और जुर्माने पर राहत का दावा कैसे करें।

Direct Tax Collections Update FY 2024-25 as of Nov 10

November 12, 2024 837 Views 0 comment Print

Direct tax collections for FY 2024-25 have risen 21.2% gross, with a 15.41% net growth compared to the previous year, reflecting corporate and non-corporate gains.

HC directs dept to allow Appeal Filing for Period Missed due to GST Portal Issue

November 12, 2024 348 Views 0 comment Print

Calcutta HC allows appeal filing for part period in GST case due to technical issues with portal, directing payment and timely appeal submission.

TAAI’s allegations of Anti-Competitive Practices against Dept of Expenditure was dismissed as same did not qualify as an “enterprise”

November 12, 2024 240 Views 0 comment Print

Assessee- TAAI filed the appeal under Section 53B of the Competition Act, 2002, challenging the Competition Commission of India‘s (CCI) order dated 8.05.2020 alleging that the Department of Expenditure, Government of India, the Respondent No. 2, Balmer Lawrie & Co. Ltd.

Corporate Debtor dissolution u/s 54 of IBC could be sought after complete Liquidation

November 12, 2024 273 Views 0 comment Print

The CoC resolved not to initiate liquidation process and decided to file an application for dissolution of the CD. In pursuance of the resolution passed by the CoC in its fifth Meeting dated 29.04.2024, an IA was filed by the RP which came to be rejected by the Adjudicating Authority.

Extended Limitation Period Not Applicable for Revenue’s Change of Opinion: CESTAT Hyderabad

November 12, 2024 573 Views 0 comment Print

CESTAT Hyderabad ruled that extended limitation under service tax cannot be invoked for mere opinion change by revenue. Case involves services by Varsity Education Pvt Ltd.

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