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‘Cinema Ventures’ guilty of not reducing Ticket price despite GST Rate reduction

July 13, 2024 660 Views 0 comment Print

Detailed analysis of Competition Commission of India’s order regarding Cinema Ventures Pvt Ltd not passing GST rate reduction benefits on movie tickets. Explore findings, arguments, and conclusions.

CBI Arrests Superintendent for Accepting Rs. 15,000 Bribe in GST Refund Case

July 13, 2024 1266 Views 1 comment Print

CBI arrests Superintendent of Central GST & Central Excise in Berhampur for accepting Rs. 15,000 bribe from complainant regarding GST refunds. Details of arrest and ongoing investigation.

IBBI suspends valuer for misuse of IBBI’s name/logo and misleading declarations

July 12, 2024 1797 Views 1 comment Print

Explore the IBBI’s decision on Mr. Gopal Krishna Raju regarding violations under the Companies Act, 2013 and Valuation Rules, including misuse of IBBI’s name/logo and misleading declarations.

IFSCA (Board for Regulation and Supervision of Payment and Settlement Systems) Regulations, 2024

July 12, 2024 690 Views 0 comment Print

Explore the International Financial Services Centres Authority (IFSCA) Regulations 2024, governing payment and settlement systems in IFSCs. Learn about its composition, duties, and impacts.

CSR provision Violation -Section 135(5): MCA Imposes Penalty of ₹1.06 Crore

July 12, 2024 5709 Views 0 comment Print

Read the detailed penalty order issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli against Ganesh Green Bharat Limited under Section 135(5) of the Companies Act, 2013.

Non-Maintenance of Registered Office: Section 12 of Companies Act violated: MCA levied ₹6 Lakh Penalty

July 12, 2024 630 Views 0 comment Print

Kerala’s Registrar of Companies imposes ₹6 lakh penalty on Guruvayoor Akshaya Kuries Pvt Ltd for non-maintenance of registered office. Details of the adjudication order.

CBIC Amends ADD Notification to Update Producer Name to ‘Shell Singapore Pte. Ltd

July 12, 2024 1401 Views 0 comment Print

CBIC updates Notification No. 14/2020-Customs (ADD) to change producer name from ‘Shell Eastern Petroleum’ to ‘Shell Singapore Pte. Ltd.’, effective 12th July, 2024.

CBIC notifies 5% IGST on Aircraft Parts & IGST Exemption for RAMA Research Equipment

July 12, 2024 5841 Views 0 comment Print

Explore the latest changes under Notification No. 28/2024-Customs issued by the Ministry of Finance, impacting customs duties and exemptions. Detailed analysis, effective dates, and implications.

Compensation Cess exempted on SEZ Imports for authorised operations

July 12, 2024 2010 Views 0 comment Print

Read Notification No. 27/2024-Customs dated 12th July, 2024, exempting SEZ imports from CGST compensation cess under Customs Tariff Act. Effective from 15th July, 2024.

Non-Compliance with Related Party Disclosure Standards: MCA Imposes ₹8 lakh Penalty

July 12, 2024 1695 Views 0 comment Print

MCA penalizes Sri Subhalakshmi Infra Pvt Ltd for improper related party disclosures in FY 2014-15 and 2016-17, imposing a total fine of ₹8 lakhs.

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