Follow Us:

HC directed Revenue to examine aspect of limitation afresh in light of SC decision

May 3, 2023 3483 Views 0 comment Print

44 EMB Studio Private Limited Vs Union of India (Bombay High Court) Counsel for the Petitioner submitted that though it is correct that for part of the claim which has been rejected refund was sought after a period of two years, however, the period was extended by the orders passed by the Hon’ble Supreme Court […]

Acceptance of Electronic Certificate of Origin issued under India-Sri Lanka FTA

May 3, 2023 3006 Views 0 comment Print

It is hereby clarified that an electronic certificate of origin or e-CoO, issued by the Issuing Authority of Sri Lanka, is a valid document for the purpose of claiming preferential benefit under the India-Sri Lanka FTA subject to it having been issued in the prescribed format, bearing seal and signatures of the authorized signatory of the Issuing Authority

IBBI penalises IP for conducting auction in hasty and improper manner 

May 2, 2023 1038 Views 0 comment Print

DC finds that Mr. Vedagiri Venkata Krishnamurthy has conducted the second and third auctions in improper manner by fixing the same date for deposit of EMD by any prospective bidder and the date of publication of auction notice date, and giving only two days for second auction and three days for third auction to participate […]

Draft Guidelines on Remuneration of Non-Executive Directors & KMPs of Private Sector Insurers

May 2, 2023 1638 Views 0 comment Print

Guidelines on Remuneration of Non-Executive Directors and Key Managerial Persons of Private Sector Insurers give more clarity to the extent of variable pay with respect to the total remuneration of Directors and KMPs, Variable Pay Deferral, Malus and Clawback provisions, Accounting, Disclosures, etc. and

Time barring of Scrutiny of GST Returns of Delhi taxpayers

May 2, 2023 7350 Views 0 comment Print

The whole process of scrutiny of return u/s 61 and rule 99 of DGST Act takes around 5 to 6 months, hence, all Ward Incharges/Proper Officers are hereby advised to ensure timely issuance of order u/s 73(9) for the scrutiny of returns for periods as mentioned in the CBIC vide Notification No. 9/2023 Central Tax dated 31.03.2023.

GST: Section 80 benefit not available if Assessee not filed returns & not paid tax

May 2, 2023 9708 Views 0 comment Print

The object of Section 80 is to benefit an assessee who approaches the Commissioner for a scheme of instalments. The sole exception to the application of Section 80 is in respect of admitted tax. The language in Section 80 is ‘other than the amount due as per the liability self assessed in any return’.

GST: HC quashes Ex-parte order passed merely on SIB report without providing report

May 1, 2023 3363 Views 0 comment Print

Order falls short of principle of natural of justice as admittedly SIB report, which is foundation was never supplied to petitioner, no hearing was granted to petitioner under section 75(4) of Act

Violation of private placement Provisions- MCA imposes Rs. 4 Crore Penalty

May 1, 2023 59583 Views 0 comment Print

The complainants in their complaint have inter-alia alleged that the Company and its officers in default have accepted money on private placement basis in contravention of provisions of section 42 of the Companies Act, 2013 and Rules made there under.

Excessive Liquidator Fees – IBBI caution liquidator

May 1, 2023 813 Views 0 comment Print

Disciplinary Committee (DC) of IBBI notes that Mr. Dushyant C Dave had not excluded the liquidation cost while arriving at fee based on the amount of realisation. However, Mr. Dushyant C Dave has proactively credited this difference to the account of the CD already. The DC takes a sympathetic view in this matter. Further, with […]

Realignment of RoDTEP Schedule w.e.f 01.05.2023

May 1, 2023 2574 Views 0 comment Print

Consequent to enactment of Finance Bill, 2023, certain changes in RoDTEP Schedule (Appendix 4R) are being made w.e.f 01.05.2023 to align it with First Schedule of Custom Tariff Act.

Search Post by Date
May 2026
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031