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Applicability of GST on services provided by IRDAI to Insurance intermediaries

August 11, 2022 2376 Views 0 comment Print

All insurance intermediaries are directed to submit a copy of their GST registration certificate bearing Goods and Services Tax Identification Number to IRDAI

SC explains section 7(5)(b) of IBC 2016 in case of appeal being continuation of original proceedings

August 11, 2022 1395 Views 0 comment Print

SC held that an appeal being the continuation of original proceedings, the provision of section 7(5)(b) of IBC Code, for intimating the Financial Creditor (FC) before rejection of a claim, would be attracted.

TDS not deductible on payment by Deolitte India to Deolitte UK for global brand/communication/technology/knowledge

August 11, 2022 750 Views 0 comment Print

Payments made for global brand/communication/technology/knowledge cannot be treated as Royalty as per Article 13(3) of India-UK DTAA

SC refuses to extend tenures of NCLT members appointed for less than 5 years

August 10, 2022 966 Views 0 comment Print

National Company Law Tribunal Bar Association Vs Union of India  (Supreme Court) The petitioner contends that the notification S.O. 3412 (E) dated 20 September 2019 issued by the Ministry of Corporate Affairs appointing 28 candidates as Members of the National Company Law Tribunal for a tenure of three years is contrary to the provisions of Section […]

Center removes fare cap on air tickets from 31st August 2022

August 10, 2022 5079 Views 0 comment Print

Center decides to remove the fare cap on air tickets from 31st August 2022. Cap on airfares was imposed by Civil Aviation Ministry in May, 2020. Civil Aviation Minister Jyotiraditya Scindia says, decision has been taken after a careful analysis of daily demand and prices of air turbine fuel. AV.13011/1/2020-US(SS)-MoCA Government of India Ministry of […]

GST payable on interest component of EMI of Credit Card loan: Calcutta HC

August 10, 2022 2862 Views 0 comment Print

HIGH COURT OF CALCUTTA: Ramesh Kumar Patodia v. Citi Bank [WPO NO. 547 OF 2019 JUNE 24, 2022 ] Facts: ♦ Petitioner is a holder of a valid Citi Bank Credit Card issued by the respondent no. 1/Bank. He was granted an instant loan by the Bank at a specified rate of interest above the credit limit. […]

IBBI disposes off 6,172 complaints out of 6,231 against service providers under IBC

August 10, 2022 300 Views 0 comment Print

Till 31st July, 2022, the IBBI had received 6,231 such complaints and grievances, of which 6,172 have been disposed after examination.

Hiring of Internal Auditors For Jute Corporation of India Limited (JCI)

August 10, 2022 987 Views 0 comment Print

Hiring of Internal Auditors For The Jute Corporation of India Limited (JCI) For The FY- 2022-23 & 2023-24. The audit to be conducted both on ‘post- mortem’ and ‘concurrent’ basis, as may be feasible.

Consultation Paper on Green & Blue Bonds as a mode of Sustainable Finance

August 10, 2022 1170 Views 0 comment Print

Sustainable Finance is the process of taking due account of environmental, social and governance (ESG) considerations while making investment decisions in the financial sector, leading to increased longer-term investments into sustainable economic activities and projects.

GST Council Newsletter for the month of July, 2022

August 10, 2022 1125 Views 0 comment Print

GST Revenue collection for July, 2022 ₹1,48,995 crore gross GST revenue collected in the month of July, 2022 The gross GST revenue collected in the month of July, 2022 is ₹1,48,995 crore of which CGST is ₹25,751 crore, SGST is ₹32,807 crore, IGST is ₹79,518 crore (including ₹41,420 crore collected on import of goods) and […]

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