Seizure and confiscation of goods and conveyances in transit (under section 129 and 130 of CGST Act, 2017) is a separate proceeding from the recovery of tax The Central Government has brought into effect the provisions of Finance Act, 2021 effective from 1st January, 2022. The Finance Act, 2021 has amended section 74 of the CGST Act, 2017 by amending […]
When companies are under liquidation, it means that they are not financially goods, and there will be a liability for GST also. In such cases, will the department have the first charge on the property?
Learn about the determination of tax and adjudication of demand by the Proper Officer under Section 73 of the CGST Ac, t2017. Understand the provisions and procedures for tax recovery in GST.
Small Company definition further revised by increasing thresholds for paid-up capital from ‘not exceeding Rs 2 crores’ to ‘not exceeding Rs 4 crores’ and turnover from ‘not exceeding Rs 20 crores’ to ‘not exceeding Rs 40 crores’
K. Paramasivam Vs Karur Vysya Bank Ltd. & Anr. (Supreme Court of India) The question raised in the said appeal is whether CIRP can be initiated against the Corporate Guarantor without proceeding against the principal borrower. The issues raised in this appeal are settled by this Court in Laxmi Pat Surana v. Union Bank of […]
Explore the applicability of Section 62(1) of the Companies Act, 2013, to Preference Shares. Understand the conditions, rights, and obligations associated with issuing preference shares under various circumstances. Stay informed for compliant transactions
Explore the ways public and private companies can issue securities under Section 23 of the Companies Act, 2013. Understand the modes, such as public offer, private placement, rights issue, and bonus issue. Stay informed about the regulations to ensure compliance with the provisions.
Understand the importance of Show Cause Notice in finalizing GST assessment orders. Learn from a recent court case and ensure proper documentation to avoid complications.
Roushan Kumar Chouhan Vs Commissioner of State Tax (Jharkhand High Court) Summary of Show Cause Notice in Form GST DRC-01 cannot substitute the requirement of a proper show cause notice under section 73(1) of the CGST Act, 2017? [Ref: Roushan Kumar Chouchan vs. Commissioner of State, Jharkhand & Ors in writ petition (T) No. 1849 […]
Stay compliant with new Rule 25B: Physical verification of the registered office of your company under Section 12(9) of the Companies Act, 2013.
