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IFSCA Sets New Fee Structure for ITFS Operators in IFSC

March 7, 2025 123 Views 0 comment Print

IFSCA revises fee structure for ITFS operators in IFSC, effective April 1, 2025, with charges based on transaction turnover.

Ongoing Fraud Investigation in Asset Sale: IBBI Directs RP to Report Results

March 6, 2025 666 Views 0 comment Print

IBBI disposes of SCN against IP in CIRP case, addresses claims dispute, and ongoing RoC investigation. Details of findings and DC’s conclusion explained.

Section 10(46) Tax Exemption for Delhi Construction Workers Welfare Board

March 6, 2025 312 Views 0 comment Print

Delhi Building and Other Construction Workers Welfare Board receives tax exemption on cess, fees, and interest income under Section 10(46) of Income-tax Act.

NFRA Invites Applications for Chairperson & Members

March 4, 2025 225 Views 0 comment Print

Apply for Chairperson and Member positions at NFRA. Eligibility: 20-25 years of experience in accountancy, auditing, finance, or law. Last date: March 21, 2025.

IBBI Suspends IP for Two Years for Filing Lapses and Valuation Errors

March 4, 2025 288 Views 0 comment Print

IBBI investigates liquidator for not filing claim, misleading valuation statement in Uniply Industries Ltd. case, disciplinary action considered.

RTI Act Grants Access to Records, Not Obligations to Compile Non-Existent Information

March 3, 2025 273 Views 0 comment Print

IBBI rejects RTI appeal seeking detailed breakup of Dalmia Cement claims in Jaiprakash insolvency case, citing unavailability of data and legal constraints.

Clarifications on Valuer Registration & employment grievance  Beyond RTI Scope

March 3, 2025 138 Views 0 comment Print

IBBI rejects RTI appeal seeking clarifications on valuer registration, stating that opinions and justifications do not fall under the definition of “information.”

GST Council Forms GoM on Disaster Cess Implementation

March 3, 2025 1650 Views 0 comment Print

A Group of Ministers (GoM) is set up to evaluate the feasibility of a special cess under GST for disaster relief and recommend a uniform policy framework.

GST Council Revises Group of Ministers for Revenue Analysis

March 3, 2025 255 Views 0 comment Print

The GST Council reconstitutes the GoM on Revenue Analysis with new terms of reference to assess revenue trends, compliance, and policy measures.

GST Rate on Wheat Milling Services for PDS in West Bengal

March 2, 2025 279 Views 0 comment Print

West Bengal AAR examines GST on wheat milling for PDS. Key rulings on value of supply, tax rate, and applicability of Notification No. 2/2018- Central Tax (Rate).

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