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GST authorities recovers more than Rs 1,900 crore in tax evasion in FY 2021-22

August 3, 2021 480 Views 0 comment Print

The interface for the taxpayers is on a digital platform and software-based, to be used for payment of tax and to comply with the requirements of law and procedure by taxpayers. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Rajya Sabha today.

SEBI (Alternative Investment Funds) (Third Amendment) Regulations, 2021

August 3, 2021 807 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Alternative Investment Funds) (Third Amendment) Regulations, 2021.

SEBI (Foreign Portfolio Investors) (Amendment) Regulations, 2021

August 3, 2021 1116 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2021. They shall come into force from 3rd August, 2021.

SEBI (Portfolio Managers) (Third Amendment) Regulations, 2021

August 3, 2021 780 Views 0 comment Print

These Regulations may be called the Securities and Exchange Board of India (Portfolio Managers) (Third Amendment) Regulations, 2021. They shall come into force on the date of their publication in the Official Gazette.

Arbitration under MSME Act

August 2, 2021 1659 Views 0 comment Print

Sub-section 3 of Section 18 of the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 provides that where the conciliation fails under the provisions of the Act, the Micro & Small Enterprises Facilitation Council (MSEFC) shall either itself take up the dispute for arbitration or refer it to any institution or centre providing alternate dispute resolution services for such arbitration.

HC allows Provisional Release of Cargo on duty payment, Bond & Bank Guarantee

August 2, 2021 888 Views 0 comment Print

Commissioner of Customs Custom House Vs Venkateshwara Paper Boards (Madras High Court) the request for mutilation was much after seizure of the goods. On and after 31.01.2020, stock lot goods are prohibited. Therefore, the issue would be if there are three varieties of paper bundled into one, whether it would fall within the definition of […]

Hear plea on Interest Charging for delayed GST Payment: HC to GST Dept

August 2, 2021 912 Views 0 comment Print

S R & Sons Vs Assistant Commissioner (ST) (FAC) (Madras High Court) This Court is of the considered opinion that the petitioner has emphatically stated that he has no grievance against the order in original dated 11.11.2020 and his grievance is against the charging of interest under Section 50 of the Central Goods and Services […]

Regular Vs. Slump Sale: Assessee cannot be allowed to take shifting stands

August 2, 2021 1062 Views 0 comment Print

Emil Pharmaceutical Industries Private Limited Vs DCIT (ITAT Mumbai) In this case learned CIT(A) has noted that the assessee has not produced supporting documents such as the list of employees at the time of the sale, electricity bills and other details necessary to establish the existence of an undertaking in a continuous business. Furthermore, we […]

Personal Information not related to public activity/interest cannot be disclosed under RTI Act

August 1, 2021 2442 Views 0 comment Print

Har Krishan Vs President Secretariatt (Delhi High Court) This Court is of the opinion that whenever information is sought under the RTI Act, disclosure of an interest in the information sought would be necessary to establish the bonafides of the applicant. Non-disclosure of the same could result in injustice to several other affected persons, whose […]

Take Action against Officials causing Revenue loss to State: HC to GST Dept.

August 1, 2021 2160 Views 0 comment Print

G.E. Govindaraj Vs Assistant Commissioner (CT) (Madras High Court) It is in the public domain that large scale and wider allegation of corrupt activities, more specifically, in Department like Commercial Tax Department, are prevailing and, people are lamenting about the corrupt activities in collusion with the traders at large in the State. However, no measures […]

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