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GST on Material Costs and Supervision Fees when customer bears all costs

August 16, 2023 1629 Views 0 comment Print

Explore GST ruling on Purvanchal Vidyut Vitran Nigam Limited’s electricity distribution services. Learn about taxable values, material costs, and supervision fees.

National Nursing and Midwifery Commission Act, 2023

August 14, 2023 360 Views 0 comment Print

Analysis of National Nursing and Midwifery Commission Act, 2023 Section 1: Short title and commencement (1) Defines the Act’s title as the “National Nursing and Midwifery Commission Act, 2023.” (2) Explains the act will come into force on a date appointed by the Central Government, with different provisions possibly commencing on different dates. Section 2: Definitions […]

Abusive Conduct by Hero FinCorp cannot be alleged if Dominance lacks: CCI

August 12, 2023 966 Views 0 comment Print

The Commission observed that in addition to NBFCs, various financial institutions, including public sector banks and private sector banks, compete to provide loans against property. Given this competition, and the lack of evidence showing Hero FinCorp’s dominance, the Commission concluded that Hero FinCorp was not dominant in the relevant market. As a result, the Commission found no grounds to examine allegations of abusive conduct.

Insufficient evidence to establish competition laws violation by Curefit: CCI

August 12, 2023 681 Views 0 comment Print

Analysis of the Competition Commission of India’s order on the Creed Gym vs Curefit case involving alleged breach of collaboration agreement and competition concerns.

Impact of Minimum Export Prices on Commodities: Analysis

August 12, 2023 720 Views 0 comment Print

Discover how Minimum Export Prices (MEP) influence commodity exports, factors behind MEP imposition, exemptions, and maintaining balance between producers and exporters.

Clarification on Recent Income Tax Department SMS: What You Need to Know

August 12, 2023 23391 Views 3 comments Print

In an effort to enhance tax compliance and streamline reporting processes, the Income Tax Department recently sent out an SMS to individuals, addressing concerns related to certain transactions reported in Form 60/61 for the fiscal year 2021-22. The message has sparked queries and curiosity among taxpayers. In response, the Income Tax Department has issued a […]

Universal Account Number (UAN) and KYC: FAQs and Guidelines

August 12, 2023 5184 Views 0 comment Print

Get answers to frequently asked questions about Universal Account Number (UAN) and KYC processes. Learn how to generate UAN, link KYC details, activate UAN, and more. Understand the benefits of UAN and how it simplifies EPF procedures.

PF Payment on Next Working Day if Last Date Falls on a Holiday is allowable: ITAT

August 12, 2023 7629 Views 0 comment Print

Analysis of the ITAT Delhi order in Radial International vs DCIT case. ITAT directs AO to re-examine PF payment disallowance due to holiday on the due date.

IBBI Suspends IP for gross failure to act as per objective & mandate of IBC, 2016

August 11, 2023 453 Views 0 comment Print

Dive into the suspension of an Insolvency Professional (IP) by IBBI due to violations of IBC regulations. Explore the analysis, findings, and consequences of the case.

Impact of Imposing 28% GST on Online Gaming Industry: Government’s Response

August 11, 2023 1974 Views 1 comment Print

Learn about estimated size of India’s online gaming industry, projected revenue collection from proposed 28% GST, and rationale behind imposing 28% GST. Impact of the 28% GST on growth and revenue generation of online gaming industry, as outlined by Indian Government.

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