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AAR Rejects Rectification Request Due to No Apparent Error on Record

August 8, 2024 1122 Views 0 comment Print

AAR Tamil Nadu denies rectification request for Mitsubishi Electric’s GST ruling, confirming no errors in the original decision on input tax credit and duty payments.

Share Application Money use before allotment, No Separate Bank Account: MCA Imposes ₹1.71 Crore Penalty

August 8, 2024 7254 Views 0 comment Print

Quadrant Future Tek Ltd faces penalties for violating Section 42(5) of the Companies Act, 2013. Non-compliance with procedural requirements leads to fines.

GST Exemption on Flying Training Services by NFTI: AAR Maharashtra Ruling

August 8, 2024 2271 Views 0 comment Print

GST AAR Maharashtra rules that flying training services for Commercial Pilot License courses are exempt from GST under Notification No. 12/2017.

GST on Intra and Inter-State Supply of Electricity Energy: AAR Ruling

August 8, 2024 1701 Views 0 comment Print

Explore the GST ruling for AES Engineering Solar Pvt Ltd. Find out about GST liability on intra-state and interstate energy delivery, and input tax credit claims.

Notification No. 98/2024 Income Tax Exemption for Karnataka Disaster Centre

August 7, 2024 1137 Views 0 comment Print

CBDT notifies Karnataka State Natural Disaster Monitoring Centre for tax exemptions on specific incomes. Effective for AY 2021-22 to 2025-26 with conditions.

GST on Ready-to-Eat Food Items Sold Without Brand Name

August 7, 2024 3372 Views 0 comment Print

Explore the GST AAR Kerala ruling for Devalokam Bakery on whether Pani Puri, Masala Chat, and other items fall under 5% restaurant sales tax or not.

ITC on Demo Cars for Motor Vehicle Dealers: GST AAR Kerala

August 7, 2024 1146 Views 0 comment Print

Clarification on ITC eligibility for inward supply of motor vehicles used for demonstration purposes in the course of motor vehicle business. AAR Kerala ruling

Default in Companies Act section 143(3)(h) compliance: MCA imposes Penalty

August 6, 2024 1521 Views 0 comment Print

ROC Guwahati imposes a ₹40,000 penalty on M/s SDS Properties Ltd. for violations of financial reporting norms under Section 143(3)(h) of the Companies Act, 2013.

Government Extends Modified Interest Subvention Scheme for FY 2024-25

August 6, 2024 2544 Views 0 comment Print

RBI announces the continuation of the Modified Interest Subvention Scheme for short-term agricultural loans through Kisan Credit Card for FY 2024-25.

Foreign Company Closures and Job Losses in India

August 6, 2024 810 Views 0 comment Print

Overview of foreign company closures, active subsidiaries, job losses in the auto industry, and investment data from 2014 to 2024.

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