The Supreme Court held that provisional attachment under GST law ceases once a final adjudication order is passed. The key takeaway is that such attachment cannot continue beyond the conclusion of proceedings.
Supreme Court in ACIT vs Marico Ltd held that reassessment under Section 148 is invalid where the Assessing Officer had already examined the issue in original assessment proceedings, reaffirming that reopening on a mere change of opinion is without jurisdiction.
The case examines whether additional ITC benefit post-GST was passed to buyers. The Tribunal held that failure to reduce prices amounted to profiteering, requiring refund with interest.
A director was penalized for holding two DINs in violation of statutory provisions. The key takeaway is that even inadvertent non-compliance attracts strict penalties under company law.
The company failed to conduct the required number of board meetings and exceeded statutory time gaps. The key takeaway is that strict compliance with board meeting norms is mandatory.
Filing incorrect details in statutory forms attracts penalties even if later corrected. The key takeaway is that rectification does not erase liability for the original default.
The framework clarifies GST on rental income and management fees but leaves gaps in other areas. The key takeaway is ongoing uncertainty around property transfers and ITC reversal.
The amendment merges 11 forms into two streamlined frameworks to reduce compliance burden. The key takeaway is faster, simpler company processes with fewer filings.
The notification proposes a strict ban on plastic packaging for pan masala. It mandates eco-friendly alternatives and reinforces existing plastic waste rules to curb environmental and health risks.
The Tribunal held that service tax cannot be demanded again under RCM if already paid by the service provider. However, the benefit applies only when full payment is conclusively proven.
