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Sterling Agro Vs Customs: Fine in Lieu of Confiscation Ruling

August 4, 2023 705 Views 0 comment Print

CESTAT allows Sterling Agro to redeem goods via a fine instead of confiscation, further reduces penalty. Review this detailed court order analysis.

Anti-Profiteering Provisions not applies Due to Lack of Pre-GST Comparison Units

August 4, 2023 717 Views 0 comment Print

Explore the analysis of the case between DGAP and Vishwanath Builders on application of anti-profiteering provisions under CGST Act, 2017.

CCI directs DGAP to further investigate two projects of Omkar Realtors

August 4, 2023 585 Views 0 comment Print

In the case of Director General of Anti-Profiteering Vs Omkar Realtors and Developers Pvt. Ltd, the Competition Commission of India (CCI) directed the Director General of Anti-Profiteering (DGAP) to conduct further investigations on two of Omkar Realtors’ projects.

NFRA Fines Bartronics India Auditor, Enforces Debarment

August 3, 2023 12969 Views 0 comment Print

National Financial Reporting Authority imposes ₹5 lakh penalty on Bartronics India’s auditor, CA T. Raghavendra, with a 2-year debarment.

Subway Systems India not guilty of Anti-Profiteering: CCI

August 3, 2023 633 Views 0 comment Print

Explore the details of the recent case involving Director General of Anti-Profiteering and Subway Systems India Pvt. Ltd. The Competition Commission of India’s thorough analysis, findings, and conclusion on potential violations of CGST Act, 2017

Government Launches Vivad se Vishwas – II Scheme for Contractual Disputes

August 3, 2023 2037 Views 0 comment Print

Government of India has introduced Vivad se Vishwas II – (Contractual Disputes) scheme to effectively resolve pending contractual disputes involving government and government undertakings.

SEBI allows Offer for Sale for units of private listed InvITs

August 3, 2023 939 Views 0 comment Print

Updated framework on Offer for Sale (OFS) of units of REITs and InvITs by SEBI. Enhancements affect private listed InvITs, effective immediately.

ITC cannot be claimed without payment of GST to Government as registration of Supplier cancelled prior to date of supply: Madras HC

August 3, 2023 42552 Views 2 comments Print

Read about the recent Madras High Court ruling that denies Input Tax Credit (ITC) if tax hasn’t been paid to the government. Analysis and implications for businesses dealing with suppliers with cancelled GST registrations.

MCA Amends Central Govt. Application Form No. RD-1

August 2, 2023 2193 Views 0 comment Print

Ministry of Corporate Affairs in India has recently issued a significant update to the Companies (Incorporation) Rules, 2023. These rules may be called the Companies (Incorporation) Second Amendment Rules, 2023, indicating a second round of changes this year. Furthermore, the update also includes a critical change in the form for filing application to the Central Government […]

Fresh guidelines for tyre manufacturers by Ministry of Commerce and Industry

August 1, 2023 1032 Views 0 comment Print

Ministry of Commerce & Industry Fresh guidelines for tyre manufacturers by Ministry of Commerce and Industry The Indian tyre industry has been witnessing a rise in the demand for production of tyres for export and domestic sales. The increasing ownership of vehicles aids the tyre industry. There is also a surge in demand for tyres […]

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