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IBBI penalises IP for wrong interpretation of IBC provisions & Charging excess fees

September 5, 2023 636 Views 0 comment Print

IBBI penalizes an Insolvency Professional (IP) for wrong interpretation of IBC provisions and charging excess fees. Details and implications.

Customs Duty Amendments for Textile Machinery Exemptions

September 5, 2023 3552 Views 0 comment Print

Notifications No. 52/2023-Customs Dated: 5th September, 2023, modifying duty exemptions on textile machinery. Analysis of changes & implications.

New format of Prospectus for Non-Convertible Debt Securities & Preference Shares

September 4, 2023 1407 Views 0 comment Print

SEBI’s latest circular dated September 04, 2023, outlining new abridged prospectus formats for debt securities and non-convertible redeemable preference shares.

H.P. VAT: HC can exercise revisional jurisdiction against orders passed by Tax Tribunal either under Section 45(2) or 46(3)

September 4, 2023 1110 Views 0 comment Print

High Court can exercise revisional jurisdiction under Section 48 only against orders passed by Tax Tribunal either under Section 45(2) or 46(3) of H.P. VAT Act.

HC directs appellant to file return pursuant to Section 148

September 4, 2023 750 Views 0 comment Print

Analyzing Delhi High Court’s decision in Dhruv Suri Vs ITO. The court has directed the appellant to file tax return pursuant to Section 148.

Manufacture of Excisable Goods (Drugs) not Taxable under Business Auxiliary Service Tax

September 4, 2023 5649 Views 0 comment Print

CESTAT Ahmedabad order on Pharmanza India Pvt Ltd vs C.C.E. & S.T. case. Understand why manufacturing of drugs is not subject to business auxiliary service tax.

CBIC Chairman’s Weekly Update: Key Highlights for 04.09.2023

September 4, 2023 3237 Views 0 comment Print

Sanjay Kumar Agarwal, Chairman of CBIC, reviews the Mera Bill Mera Adhikaar Scheme, e-HRMS 2.0, and other initiatives. Learn the latest CBIC updates.

RBI Expands UPI to Include Pre-Sanctioned Credit Lines

September 4, 2023 1266 Views 0 comment Print

Reserve Bank of India extends Unified Payments Interface (UPI) to include pre-sanctioned credit lines from Scheduled Commercial Banks.

Amendments to Central Excise Act’s territorial jurisdictions in Andhra Pradesh

September 4, 2023 1221 Views 0 comment Print

Unpacking 2023 amendments to Central Excise Act’s territorial jurisdictions in Andhra Pradesh vide Notification No. 02/2023-Central Excise (N.T.)

Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2023

September 4, 2023 6894 Views 0 comment Print

Explore 2023 updates to Prevention of Money-laundering (Maintenance of Records) Rules. Learn how these changes impact trust, control, and reporting.

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