CBIC recently issued two circulars, Circular No. 200/12/2023-GST and Circular No. 201/13/2023-GST, providing clarifications on the rates and classification of certain goods and services based on the recommendations of the GST Council in its 50th meeting held on 11th July 2023.
Discover the basics of Public Offer and share price valuation, including IPOs, FPOs, valuation methods, and crucial parameters.
One crucial change was treatment of supplies made to SEZ units or developers, which were recognized as ‘Zero rated supplies’ under Section 16 of (IGST Act, 2017.
Breaking News: Bombay HC rules in favor of taxpayers! No interest or penalty on late surcharge, CVD, SAD & IGST payments. Dive into the key observations, including the need for clear legal authority. Valuable insights for ongoing litigation and potential refund applications.
Unlock the complexities of SEBI disclosures for promoters selling company shares. Dive into the regulations, including SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018, governing promoters’ share transactions. Discover key aspects, such as continual disclosures under Regulation 7(2)(a), company notifications under Regulation 7(2)(b), and substantial acquisition disclosures under Regulation 29.
HC held that refund application cannot be rejected without giving a proper reason and stated that Revenue department may issue a fresh notice, clearly setting out reasons for proposing to reject refund claim and assessee file a response in Form RFD-09, within prescribed period.
Explore the impact of FDI restrictions on countries sharing a land border with India and the role of External Commercial Borrowings (ECB) in addressing funding needs. Understand the regulatory landscape, including the amendment to FDI policy and the scrutiny on equity participation. Delve into the eligibility criteria for ECB, recognised lenders, and the present situation for investments from land border-sharing countries. Navigate the complexities of FDI and ECB to make informed financial decisions.
Coffee Day Enterprises Limited (CDEL) operates in various sectors, including coffee retailing, logistics, financial services, and hospitality. NFRA has issued orders against auditors for alleged financial irregularities. This article discusses the case and the issue of provisioning interest on NPAs.
Learn about procedure, provisions, and penalties related to rights issue as per Section 62 of Companies Act, 2013. Understand requirements and steps for existing shareholders to participate in rights issue.
Article aims to shed light on penalties, deadlines, and implications of late Income Tax Return filing, urging taxpayers to fulfill their obligations promptly to avoid unnecessary financial burdens.
