Crypto not yet regulated in India; FIU monitors VASPs under PMLA. 1% TDS applies to VDAs. RBI issues advisories on crypto risks; no formal awareness drive.
India’s Finance Ministry details VDA/cryptocurrency tax revenue, compliance tools, and official training, addressing tax evasion concerns
Indian government outlines measures against companies not paying MSME dues, including mandatory reporting, penalties, SAMADHAAN portal, and tax provisions.
MCA updates on Draft Digital Competition Bill; extensive consultations held. Evidence-based approach for ex-ante regulation is being considered for future implementation.
MCA details company strike-off drives, compliance mechanisms, and ease of doing business initiatives, including SFIO’s role and MCA21 V3 implementation.
NFAC deletes penalty on taxpayer misled by unqualified agent; case highlights misuse of fake deductions, procedural lapses, and risks of unauthorized TRPs.
Calcutta High Court held that supply of computers and its hardware like servers, printers, computer peripherals, etc. with transfer of right to use doesn’t come within the purview of ‘supply of tangible goods’ for use as per provision of section 65(105)(zzzzj) of the Finance Act.
A company and its directors received penalties from the ROC for failing to attach the annual return to the Board’s Report, violating the Companies Act.
Madras High Court rules GST notifications extending limitation periods were ultra vires, citing lack of valid GST Council recommendation and improper application of force majeure.
Supreme Court rules Limitation Act applies to MSMED arbitration but not conciliation, clarifying recovery of time-barred debts under Section 18.
