The court issued notice on a challenge to Section 15(3)(b) of the CGST Act and granted interim protection subject to deposit of 10% of disputed tax.
The Tribunal held that once the Order-in-Original is set aside, the penalty imposed under that order cannot survive independently and must depend on the outcome of fresh adjudication.
The High Court set aside the rejection of a GST refund claim after noting that the Joint Procedure Order required reassessment of tax liability under pre-GST and post-GST regimes.
The court stayed a tax demand order where the confirmed demand exceeded the originally proposed amount, and allegations of violation of natural justice were raised.
The consultation paper proposes a regulatory framework governing preferential issues and QIPs by IFSC-listed entities, focusing on disclosure norms, investor protection, and streamlined capital raising.
The draft regulations aim to curb insider trading, market manipulation, and fraudulent practices in IFSC securities markets while replacing existing SEBI rules.
The proposed regulations prescribe timelines, subscription periods, allotment procedures, and monitoring of issue proceeds for rights issues by IFSC-listed entities. The framework seeks to ensure orderly and transparent capital raising.
DGFT has launched the Support for Emerging Export Opportunities initiative under EPM to help MSMEs access trade finance for exports to underserved markets. The scheme provides government-backed risk-sharing support through Exim Bank to strengthen cross-border trade.
The government introduced a pilot credit assistance program under the Export Promotion Mission to provide working capital, guarantee cover, and interest subvention to MSME e-commerce exporters.
SEBI has introduced a voluntary lock-in facility allowing investors to freeze debits from mutual fund folios. The measure aims to enhance digital security and prevent unauthorized unit transactions.
