Latest Articles
GST Refund Cannot Be Denied for Double Payment Due to Limitation: Orissa HC
Goods and Services Tax : The Court ruled that limitation under Section 54 cannot bar refund of mistakenly paid GST. It held that excess tax collected witho...
e-TDS/TCS Filing Complexities in RPU Ver. 5.9 and Solutions
Income Tax : Learn the key technical and operational hurdles in TDS/TCS compliance, including FVU errors and defaults. The article highlights p...
New Income Tax Act 2025 & MSME Loan Approval: Shift from Collateral to Data-Driven Financing
Income Tax : The new tax regime shifts loan approval to verified financial data like ITR and GST. Clean records now determine eligibility inste...
Reclassification from Promoter to Public: Eligibility, Process, Draft Resolution & Checklist
SEBI : Regulation 31A lays down strict eligibility and compliance requirements for promoter reclassification. The key takeaway is that lo...
Duplicate DIN Penalised Even If Unintentional
Company Law : Holding more than one DIN is treated as a continuing default under law. Even genuine mistakes attract penalties, though early corr...
Latest News
IFSCA Approves Capital Raising Frameworks to Enable Efficient Fund Mobilisation in IFSC
Finance : The Authority introduced frameworks for preferential issues, QIPs, and rights issues to streamline capital raising. The move aims ...
SEBI Proposes New Variable Net Worth Rules Due to Upstreaming Impact on Client Funds
SEBI : The consultation highlights that existing net worth calculations based on retained client funds are no longer effective. A revised...
SEBI Proposes CUSPA Reforms Due to Operational Challenges in Handling Unpaid Securities
SEBI : The draft circular addresses issues in managing unpaid client securities and proposes changes to the existing pledge framework. It...
ICSI Invites Stakeholder Feedback to Revise Company Secretary Course Syllabus
Company Law : The Institute has proposed syllabus changes to align with modern industry, regulatory, and technological needs. Stakeholders are i...
Representation on Cancellation of GST Registration & Refund Processing
Goods and Services Tax : The representation highlights ambiguity in whether the ₹2.5 crore ITC threshold should be annual or cumulative. It emphasizes th...
Latest Judiciary
Depreciation Allowed on BOT Annuity Rights – Intangible Asset Recognised
Income Tax : The tribunal examined whether depreciation can be claimed on concession rights under a BOT/DBFOT project. It held that the right t...
Telangana HC Rejects Vires Challenge to Section 16(2)(c); Permits Delayed GST Appeal
Goods and Services Tax : The court refused to entertain a constitutional challenge raised to bypass limitation. It allowed filing of appeal with delay cond...
Excess ITC Case: Telangana HC Declines Vires Challenge to Section 16(2)(c)
Goods and Services Tax : The court declined to examine the constitutional validity of Section 16(2)(c) in absence of clear factual basis. It held that disp...
GST ITC Denial on GSTR-2A Mismatch: Telangana HC Allows Rectification Route
Goods and Services Tax : The court addressed denial of input tax credit due to mismatch with GSTR-2A and missing invoices. It allowed the taxpayer to seek ...
Rs. 2.52 Cr Addition Set Aside – Ex-Parte Assessment Restored Due to Communication Failure & Lack of Opportunity
Income Tax : ITAT found that assessment and appeal orders were passed without proper opportunity due to communication issues. The case was rema...
Latest Notifications
Penalty Imposed for Failure to File PAS-3 Details Under Rule 14(6)
Company Law : The adjudicating authority imposed penalties after finding incomplete filing of PAS-3 details. The ruling confirms that such viola...
Penalty Set Aside as No Violation of Private Placement Provisions Found
Company Law : The case examined whether Section 42 was violated in a private placement. The authority ruled there was no substantive breach and ...
Penalty Reduced Due to MCA Circular Extending Filing Deadline for PAS-03
Company Law : The case addressed delayed filing of return of allotment under Section 42(9). The authority reduced the penalty after recognizing ...
₹8 Cr Penalty Imposed for Failure to Maintain Separate Bank Account in Private Placement
Company Law : The authority found non-compliance with Section 42(6) due to absence of a separate bank account. It held that such violation attra...
Failure to attach mandatory share transfer details in annual return: MCA imposes Penalty
Company Law : Omission of required attachments in annual return filing resulted in penalties under Section 450. The decision stresses the import...
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The scheme provides a last opportunity for defaulting companies to file pending returns and financial statements with reduced penalties. It emphasizes that failure to comply within the window may lead to strict regulatory action, including strike-off.
This explains why operating a payment system without RBI approval is prohibited under law. The framework ensures only compliant and vetted entities can handle financial transactions, safeguarding systemic integrity.
Overview of the Constitution (106th Amendment) Act, 2023 covering women’s reservation in Parliament and Assemblies, its scope, timeline, and conditions.
The issue concerns alternative settlement mechanisms for international trade. The framework allows INR-based transactions with flexible usage and repatriation of funds.
The scheme allows companies to clear pending filings at reduced cost. It provides a major compliance relief with only 10% additional fees payable.
