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IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2022

September 13, 2022 1113 Views 0 comment Print

Amendments to Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, and Insolvency and Bankruptcy Board of India (Insolvency Professionals), Regulations 2016. The Insolvency and Bankruptcy Board India (IBBI) notified the following regulations on 13th September 2022: a) Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) […]

IBBI (Insolvency Professionals) (Second Amendment) Regulations, 2022

September 13, 2022 714 Views 0 comment Print

These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2022.

CCI finds no merit in complain against Asian Paints by JSW Paints

September 13, 2022 2472 Views 0 comment Print

JSW Paints alleged that, immediately after the launch of its decorative paints, Asian Paints began pressurising dealers who had agreed to stock and display decorative paints manufactured by JSW Paints.

Introduction of PPN hospitals by Mediclaim Companies not violates competition law

September 13, 2022 3552 Views 0 comment Print

Apparently, the purpose of the PPN tariff rates is to have standard packages and charges for certain medical procedures to save the insured from being charged more and for better utilisation of the insured amount.

8 New Functionalities for Taxpayers on GST Portal (August, 2022)

September 13, 2022 9843 Views 0 comment Print

New Functionalities made available for Taxpayers on GST Portal in August, 2022 includes Enabling CORE Amendment  Link For Taxpayers who fail To Update Bank account, Changes implemented in Form GSTR-3B, Late fee waiver up to 28th July, 2022, for delayed filing of return in Form GSTR-4 (Annual) for the FY 2021-22, Generation of  GSTR-11 based […]

GST: HC cannot act as a fact finding & verification authority

September 12, 2022 954 Views 0 comment Print

Md. Yusuf Vs State Tax Officer (Calcutta High Court) The issue involved is highly disputed question of fact with regard to registration of the ‘Teak Sawn Timber’ not tallying with the declaration made in the E-way bill and invoices and further there is no existence of consignor at his registered place of business, this Court […]

HC allows carry forward of unutilised transitional credit as per SC decision

September 12, 2022 1893 Views 0 comment Print

Aarti Industries Limited Vs Union of India (Gujarat High Court) The petitioner wants to file ‘Form GST Tran-I’ to enable the petitioner to claim the carried forward eligible duties of CENVAT/ Input Tax Credit on account of Service Tax, Central Excise and Gujarat Value Added Tax on the appointed day i.e 30.6.2017 in terms of […]

Amendment to IFSCA guidelines for Liquidity Enhancement Scheme

September 9, 2022 471 Views 0 comment Print

The Scheme shall have prior approval of the Governing Board of the Stock Exchange, which will be valid for one year. The Governing Board of the Stock Exchange may grant annual approval till the time the scheme is in operation. Further, its implementation and outcome shall be monitored by the Governing Board at quarterly intervals.

Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022

September 9, 2022 33063 Views 2 comments Print

MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 74/2022 – Customs (N. T.), Dated: 9th September, 2022 G.S.R. 692(E).—In exercise of the powers conferred by section 156 of the Customs Act, 1962 (52 of 1962), and in supersession of the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017, except as […]

6 Lakh penalty on Company and Directors for not mentioning DIN

September 8, 2022 31017 Views 0 comment Print

ROC Ahmedabad imposed penalty of 6,00,000 on Company and Directors for not mentioning DIN in the Financial Statements NO.ROC-GUJ/ADJ-Order/Section 454/STA (V)/2021-22/4454 to 52 Dated:08 Sep 2022 BEFORE THE ADJUDICATING OFFICER REGISTRAR OF COMPANIES, GUJARAT, DADRA & NAGAR IIAVELI IN THE MATTER OF ADJUDICATION Of PENALTY UNDER SECTION 434 (3) OF THE COMPANIES ACT 2013 READ […]

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