Authorities identified thousands of fake GST registrations created using forged credentials, involving large-scale tax evasion. The ruling highlights intensified detection and enforcement measures.
A uniform 18% and 5% GST framework was implemented nationwide following Council recommendations. The ruling highlights its role in supporting small businesses through lower taxes on essential goods.
The GST Council’s decision to eliminate the 12% slab was implemented to create a two-rate structure for garments. The key takeaway is a higher rate for premium apparel and wider relief for lower-priced items.
Unsigned financial statements uploaded with statutory filings were held non-compliant. Liability was fixed on the certifying director under the Companies Act.
The issue addressed is funding public health and national security through a targeted levy. The Act introduces a capacity-based cess on manufacturing machines and processes, starting with pan masala.
The Bill consolidates multiple decades-old securities laws into a single code to address technological change and evolving market practices. It aims to simplify compliance while strengthening investor protection and regulatory governance.
The ruling allows monetary incentives for PoPs facilitating NPS enrolments via FPOs, addressing higher outreach costs and improving last-mile pension access.
Appeals arising from searches, requisitions, and surveys are now mapped to designated appellate officers. The key takeaway is clearer jurisdictional alignment for complex cases.
From 2022-23 to 2024-25, appeals filed at NCLAT rose steadily, with IBC cases forming the majority, reflecting active engagement in corporate insolvency and legal adjudication.
The ROC held that depositing interim dividend in a current account instead of a separate account violates section 123(4). Monetary penalties were imposed despite subsequent compliance.
