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Excise duty on scrap can be paid by utilizing CENVAT Credit account

April 18, 2023 519 Views 0 comment Print

CESTAT held that the payment of duty for the waste and scrap by utilizing the CENVAT Credit account was in order.

Why Should Crypto be considered for cross-border payments?

April 15, 2023 1164 Views 0 comment Print

The requirement for good international payment options has gone up due to the digital monetary revolution. Existing legacy systems are not only prohibitively costly and complex to use but also process transactions with considerable delays.

What is Crypto Insurance and what is its future?

April 15, 2023 714 Views 0 comment Print

As the digital realm expands and concerns about cybercrime rise, crypto investors can safeguard their assets with crypto insurance. This type of coverage plays a vital role in protecting cryptocurrencies from hacking or fraud-related thefts, like how homeowners insure their homes, farmers protect their crops, drivers ensure their vehicles and people insure their health against unforeseen circumstances

GST Officer must accept payment of tax by using electronic credit ledger: HC

April 15, 2023 7368 Views 0 comment Print

HC held that it was incumbent on the CT and GST Officer to accept the payment of tax by using electronic credit ledger (ECL).

Am I Guaranteed Compensation if I Had an Injury Due to Negligence?

April 14, 2023 453 Views 0 comment Print

All personal injury cases require the opposing parties to prove negligence. In Illinois, even if you were hurt due to someone else’s negligence, that doesn’t mean you will receive compensation for your losses.

NFRA imposes penalty of Rs. 5 Lakh on Auditor of Coffee Day group company

April 13, 2023 2109 Views 0 comment Print

Imposition of a monetary penalty of Rs Five Lakhs only upon CA Lavitha Shetty. In addition, CA Lavitha Shetty is debarred for a period of five years from being appointed as an auditor or internal auditor or from undertaking any audit in respect of financial statements or internal audit of the functions and activities of any company or body corporate

Form No.10B filed late- Section 11 exemption denied – Date extended – HC grants stay

April 12, 2023 276 Views 0 comment Print

Grievance of petitioner is that benefit of Section 11 of Income Tax Act has not been extended to petitioner, which is a Charitable Society. The reason stated is that they failed to submit audit reports in time.

Customs Waiver of Interest from 11th April, 2023 to 13th April, 2023

April 11, 2023 2370 Views 0 comment Print

CBIC waives whole of interest payable under sub-section (2) of section 47 of the said Act, for the period from 11th April, 2023 upto and including the 13th April, 2023, in respect of such goods, where the payment of import duty is to be made from the amount available in electronic cash ledger.

Mere suspicion cannot be sufficient evidence to invoke Section 67 of CGST Act 2017

April 11, 2023 2370 Views 0 comment Print

Tvl. Rising International Co. Vs. Commissioner of Central GST and Central Excise (Madras High Court) M/s.Rising International Company (legal name, Kailashkumar), Madurai, the petitioner herein, is a dealer registered under the Goods and Services Tax Act. It imports toys from China. It also purchases goods from Delhi-based dealers. The dealer’s specific stand is that returns […]

IFSCA (Fund Management) (Amendment) Regulations, 2023

April 11, 2023 1116 Views 0 comment Print

These regulations may be called the International Financial Services Centres Authority (Fund Management) (Amendment) Regulations, 2023.

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