GSTAT directed the DGAP to re-examine the profiteering computation after questions were raised about ignored cost increases, negative values, and supply channel considerations.
GSTAT concluded that elimination of entertainment tax and other levies reduced the effective tax incidence, requiring suppliers to pass on the benefit to subscribers.
The Competition Commission of India held that allegations of airlines jointly fixing cancellation charges were unsupported by evidence of any agreement or concerted action. As a result, no violation of Section 3 of the Competition Act was established and the complaint was dismissed.
The Competition Commission of India held that exclusive agreements between an online movie ticketing platform and cinemas did not lead to market foreclosure. Despite dominance in the online ticketing market, the Commission found no evidence of denial of market access to competitors.
The new legislation reorganizes provisions related to return processing, scrutiny assessments, and reassessment of escaped income. It simplifies drafting while largely retaining the existing procedures.
The proposed amendment to the Income-tax Act confirms that compensation received under the RFCTLARR Act will be exempt from income tax. The change aims to remove uncertainty and provide relief to landowners.
CDSCO approval is required before drugs, medical devices, and related products can be manufactured or sold in India. The regulation ensures safety, quality, and compliance with healthcare laws.
The Companies Act, 2013 requires companies to maintain registers of members and disclose beneficial ownership. These provisions ensure transparency in shareholding and identify individuals exercising control.
The guide clarifies the difference between PTEC and PTRC registrations under Maharashtra Professional Tax law. It explains who must obtain each certificate and how liability differs for businesses and employers.
The document outlines a comprehensive framework for conducting bank branch statutory audits under RBI guidelines and ICAI standards. It details procedures covering advances, NPAs, deposits, regulatory reporting, and final audit documentation.
