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C-PACE established for process-bound striking off companies from MCA Register

May 15, 2023 2319 Views 0 comment Print

Centre for Processing Accelerated Corporate Exit (C-PACE) established for providing hassle-free filing, timely and process-bound striking off companies from MCA Register The Ministry of Corporate Affairs (MCA) has moved a step forward by centralising the strike off process of companies with the establishment of the Centre for Processing Accelerated Corporate Exit (C-PACE).  The establishment of the […]

SEBI Consultation paper on Delisting of Non-Convertible Debt Securities

May 13, 2023 1821 Views 0 comment Print

Delisting means permanent removal of securities of the entity from the trading platform of a recognised Stock Exchange, either voluntarily or compulsorily; once, the securities are delisted, no trading is permitted in such securities on the trading platform of Stock Exchanges.

Karnataka High Court quashes Rs 21,000 crore SCN to Gameskraft Ltd

May 13, 2023 13758 Views 0 comment Print

Gameskraft Technologies Private Limited Vs Directorate General of Goods Services Tax Intelligence (Karnataka High Court) HC held that There is a distinct difference between games of skill and games of chance; games such as rummy, etc. as was discussed in several decisions above and particularized in the Division Bench decision of this Court in All India […]

How to Buy and Sell Litecoin: A Comprehensive Guide

May 13, 2023 513 Views 0 comment Print

Litecoin is a peer-to-peer digital currency that enables instant, near-zero cost payments to anyone in the world. It is an open-source, decentralized cryptocurrency that is secure and operates without a central authority.

IBC: IBBI directs IP to undergo pre-registration educational course

May 12, 2023 513 Views 0 comment Print

DC warns Mr. S. Shivshanker to be more careful in handling pending assignments and he is further directed to undergo pre-registration educational course specified under regulation 5(b) of the IP Regulations from the IPA where he is registered.

Request Letter for Doing Important Amendments in GST ACT

May 12, 2023 38538 Views 2 comments Print

Government should not charge late fees unless and until the online system is streamlined. There were many technical issues with the site, because of which assessee had to pay late fees. So you are requested to waive the late fees

Administrative instructions cannot bar claim of GST refund if legal requirements contained in law are fulfilled

May 12, 2023 1233 Views 0 comment Print

Impugned order rejecting claim of refund and depriving the petitioner of the refund to which it may be entitled, without any authority of law, cannot be allowed to be sustained. Administrative instructions cannot bar claim of refund if the legal requirements as contained in the law are fulfilled.

Will ITAT ruling in ‘Legatum Ventures’ open new doors for Litigation & impact FDI inflow in India?

May 12, 2023 2658 Views 0 comment Print

ITAT ruled that capital gains on sale of unlisted shares by a non-resident must be computed strictly as per Section 112(1)(c)(iii) of Income Tax Act without considering computation provisions under Section 48.

Input Tax Credit for Machinery Foundation and Structural Supports

May 12, 2023 20691 Views 0 comment Print

In re Colourband Dyestuff P Ltd (GST AAR Gujarat) Colourband Dyestuff P Ltd, a dye manufacturing company, has filed an application seeking an advance ruling on the eligibility of input tax credit (ITC) for the works contract services and materials used for the foundation and structural supports of their machinery. The applicant argues that the […]

CBIC amends Notification No. 14/2018- Union territory Tax

May 12, 2023 1416 Views 0 comment Print

Seeks to amend Notification No. 14/2018- Union territory Tax, dated 8th October 2018 vide Notification No. 01/2023 – Union territory Tax, Dated: 12th May, 2023 MINISTRY OF FINANCE (Department of Revenue) Notification No. 01/2023 – Union territory Tax, Dated: 12th May, 2023 G.S.R. 361(E).—In exercise of the powers conferred by section 15 of the Union […]

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