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Instructions to Prevent Fake Taxpayers and Bogus Invoicing under GST

May 10, 2023 6624 Views 0 comment Print

Instructions to ensure careful handling of registration, cancellation, and revocation of registration processes for fake taxpayers under GST system

The Role of AI in the Evolution of Financial Services

May 10, 2023 6807 Views 1 comment Print

The integration of AI in the financial sector is transforming the industry, making it more efficient, cost-effective and customer-centric. AI-powered solutions offer a range of benefits, such as improved efficiency, enhanced customer experience, data-driven decision making, and streamlined regulatory compliance.

Surrogacy Act, 2012 and ART Act, 2021 and relevant Insurance Rules thereunder

May 10, 2023 1230 Views 0 comment Print

Insurance coverage/Guarantee for oocyte donor. (i) The Intending couple or woman will purchase a general health insurance coverage in favor of oocyte donor for a period of 12 months from an insurance company or an agent recognized by the Insurance Regulatory and Development Authority established under the provisions of the Insurance Regulatory and Development Authority Act, 1999 for an amount which is sufficient enough to cover all expenses for all complications arising due to oocyte retrieval.

Gift by a Company: Valid or Void?

May 10, 2023 19191 Views 1 comment Print

The act of company gifting an immovable property is frequently interpreted as a gesture of goodwill or appreciation towards an individual or another entity. However, before engaging in such a transaction, it is critical to understand the legalities and implications.

Substantial gap between CoC meetings – IBBI Warns RP

May 10, 2023 1332 Views 0 comment Print

DC observes that there is substantial gap between CoC meetings. CIRP is a time bound process and RP appointed by CoC is responsible to conduct entire CIR proceedings in a time bound manner.

Features & achievements of PMJJBY, PMSBY and Atal Pension Yojana

May 9, 2023 990 Views 0 comment Print

Pradhan Mantri Suraksha Bima Yojana (PMJJBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMSBY) and Atal Pension Yojana (APY) complete 8 years of providing social security cover Union Finance Minister Smt. Nirmala Sitharaman says the three Jan Suraksha schemes devoted to well-being of citizens, and safeguards human life against unforeseen risks, losses, and financial uncertainties Union […]

RV to mention nature & sources of information relied during valuation: IBBI

May 9, 2023 237 Views 0 comment Print

IBBI notes that rule 8(3)(g) mandates an RV to mention the nature and sources of information relied upon during the valuation. Further, rule 8(3)(j) mandates the RV to mention major factors that were taken into account during the valuation. Therefore, the Authority finds that the factors considered by the RV during the valuation, and as […]

Jurisdiction of Settlement Commission in Relation to Goods under Section 123 of Customs Act- SC gives split verdict

May 9, 2023 1083 Views 0 comment Print

Right of an accused under Customs Act, 1962 to settle dispute as per provisions contained under chapter XIV A of the Customs Act.

GST evasion on acquisition of compulsorily convertible debentures detected

May 9, 2023 651 Views 0 comment Print

DGGI detected a case involving evasion of GST on acquisition of compulsorily convertible debentures. Pursuant to detection an amount exceeding Rs. 56 Crores has been recovered.

Hotel not liable to pay service tax on complementary services of conference hall

May 8, 2023 777 Views 0 comment Print

No service tax on Mandap Keeper Service in respect of corporate booking of rooms where conference hall is provided as a complementary service.

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