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National Bank for Financing Infrastructure Declared PFI

September 10, 2024 1290 Views 0 comment Print

Ministry of Corporate Affairs declares the National Bank for Financing Infrastructure and Development as a public financial institution under the Companies Act.

CVD on imports of Welded Stainless Steel Pipes from China, Vietnam

September 10, 2024 2667 Views 0 comment Print

India imposes countervailing duty on imported welded stainless steel pipes and tubes from China and Vietnam, effective for five years to protect the domestic industry.

Reconsider ITC Claim on RCM as Circular Supports Assessee’s Case Against Belated Filing: Karnataka HC

September 10, 2024 1017 Views 0 comment Print

Karnataka High Court directs reconsideration of Bosch Automotive input tax credit claim under GST. Case involves delayed ITC claims clarified by a CBIC circular.

Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2024

September 9, 2024 4227 Views 0 comment Print

MCA amends Companies Rules 2016 with new provisions on mergers and amalgamations of foreign holding companies with Indian subsidiaries, effective from 17th September 2024.

Govt notifies sections of Competition (Amendment) Act, 2023 wef 10th Sep 2024

September 9, 2024 525 Views 0 comment Print

Central Government enforces key sections of the Competition Amendment Act, 2023 from 10th September 2024, including sections 6 to 8, 21 to 24, and others.

Draft Industries Development & Regulation Penalty Adjudication & Appeal Rules 2024

September 9, 2024 381 Views 0 comment Print

Ministry of Commerce publishes draft rules for penalties under Industries Act 1951. Feedback from stakeholders is invited within 30 days of notification.

Competition Commission of India (Combinations) Regulations, 2024

September 9, 2024 3705 Views 0 comment Print

CCI issues Combinations Regulations 2024 under the Competition Act, focusing on M&A transactions, value determination, and business operations in India.

ICAI Reopens Exam Application for CA November 2024

September 9, 2024 801 Views 0 comment Print

ICAI reopens online application for CA Final & PQC exams from Sep 11-12, 2024, with a late fee. Apply now to meet the new timeline requirements.

Rotary Parking System Construction Deemed Immovable Property, ITC Ineligible: AAAR Tamil Nadu

September 8, 2024 1335 Views 0 comment Print

AAAR held that ‘rotary parking system’, installed and commissioned at premises of appellant amounts to construction of an immovable property, whereby input tax credit on the purchase of ‘rotary parking system’, by appellant becomes ineligible under Section 17(5)(d) of CGST/TNGST Acts, 2017.

Empanelment of CA Firms for Concurrent Audit with H.P. State Cooperative Bank Ltd.

September 7, 2024 1887 Views 0 comment Print

Apply by 16.09.2024 for empanelment as Concurrent Auditors of The H.P. State Cooperative Bank Ltd. for FY 2024-25. Selection criteria and details inside.

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