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KIPL Granted Interim Relief with Stay from Calcutta High Court on Show Cause Notice

January 13, 2024 1218 Views 0 comment Print

Explore the legal battle in Kaysons Infrastructure vs CBIC as Calcutta High Court examines the validity of a GST notice. Learn about the alleged discrepancies, challenges raised, and the court’s interim order.

MCA reduces Additional DIN Surrender Delay Fine from Rs. 5.03 Lakh to 50,000

January 12, 2024 2244 Views 0 comment Print

Explore the MCA’s recent decision to reduce penalty for delaying surrender of a second DIN, impacting SPS Motors Private Limited. Analysis, implications, and key details revealed.

Draft SEBI Circular: Streamlining Reporting for Stock Brokers

January 12, 2024 591 Views 0 comment Print

Explore SEBI’s latest circular aiming at enhancing ease of doing business. Learn about modifications in reporting, operational guidelines, and the impact on stock exchanges.

SEBI Circular on Guidelines for AIFs on Dematerialization & Custodian Appointment

January 12, 2024 3030 Views 0 comment Print

Explore SEBI’s latest circular on Alternative Investment Funds (AIFs), outlining guidelines for dematerialization of investments and mandatory custodian appointments. Stay compliant with key deadlines.

Import restrictions not apply to Desktop Computers falling under tariff head 8471: DGFT

January 12, 2024 2646 Views 0 comment Print

Get the latest clarification from DGFT regarding the import policy for Laptops, Tablets, All-in-one PCs, and Servers under HSN 8471. Understand the restrictions and authorization requirements for these IT hardware categories.

Classification of Projectors in Case of Ingram Micro India Private Limited

January 12, 2024 1242 Views 0 comment Print

Customs Authority ruled that the projectors under consideration, based on their functions and features, were principally meant for use with automatic data processing machines. The presence of additional features did not disqualify them from classification under sub-heading 8528 62 00, emphasizing the specific description provided by the heading.

Additional proposals for issuance of subordinate units by REITs & InvITs

January 11, 2024 873 Views 0 comment Print

Explore key proposals for REITs and InvITs: ceiling on subordinate units, uniformity in rights, and managing changes post-issuance. Share your insights now!

Income Tax Raids: Unearthing a Rs. 1,000 Crore Scam in Mumbai’s Electrical Industry

January 11, 2024 1911 Views 0 comment Print

Ministry of Finance reveals Income Tax Department’s massive search operation exposing a major tax evasion scheme in Mumbai’s electrical manufacturing sector. Preliminary findings suggest unaccounted cash sales, dubious expenses, and a network of authorized distributors involved.

GST and Advertising: Determining Place of Supply for Government Services

January 9, 2024 10938 Views 0 comment Print

Explore the implications of GST on advertising services for government departments. Learn about the criteria for intra-state and inter-state supplies, safeguarding state revenue.

Corporate Guarantor’s Default Date Independent of Principal Borrower’s Default: NCLT Mumbai

January 9, 2024 1323 Views 0 comment Print

Dive deep into NCLT Mumbai ruling in Central Bank of India vs. Superfine Profile and Extrusions Pvt. Ltd. Uncover implications of date of default for corporate guarantors

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