The appeal found that the RTI response was delayed beyond statutory timelines. The key takeaway is that delay breaches RTI provisions and limited disclosure may still be required.
IDBI Bank invites applications for concurrent auditors but clarifies that empanelment does not ensure assignment. The decision remains entirely discretionary, emphasizing compliance with eligibility and documentation requirements.
The notification addressed mandatory reinsurance cession for general insurance policies. It mandates 4% cession to GIC Re, ensuring domestic risk retention and structured profit-sharing.
This piece examines how restrictive provisions under GST law limit refund of unutilised ITC during insolvency, despite broader enabling clauses. It highlights judicial divergence and the resulting uncertainty for creditors and liquidators under IBC.
The Court permitted video recording of GST inquiry considering the petitioner’s cancer treatment and cooperation. It held that such relief can be granted on humanitarian grounds but is not a general right.
The policy offers capital subsidies, rental support, and payroll incentives to attract global capability centres. It aims to position Maharashtra as a leading hub for global enterprises while promoting job creation and investment.
The amendment shifts the place of supply to the recipient’s location, allowing intermediary services to qualify as exports. This eliminates GST burden on foreign-facing services and improves global competitiveness for Indian service providers.
The RBI maintained key policy rates unchanged, signaling confidence in economic stability and controlled inflation. The decision reflects a balanced approach between growth support and price stability, with projections indicating steady GDP growth and moderate inflation.
The latest regulatory updates clarify how FOCCs can make downstream investments, especially through share swaps and deferred payments. The reforms aim to reduce ambiguity while aligning with FDI norms.
The court held that ITC can be transferred even across states when a business is transferred as a going concern. This ensures seamless credit flow and prevents restrictive interpretation of GST provisions.
