I propose that the CGST Department consider the introduction of a mechanism to remit interest on un-utilized ITC. Much like the system implemented for income tax refunds, where interest is added for retaining tax till filing of return and claim, this approach could offer businesses a much-needed relief when faced with a scenario of accumulating un-utilized ITC.
Unveil the intricacies of patent and compulsory licensing in Saudi Arabia. Understand its importance, legal framework, and recent developments.
Ministry of Corporate Affairs has imposed a penalty of Rs. 35 lakh on Fluiconnecto India Private Limited for violating the provisions of the Companies Act, 2013 by failing to appoint a company secretary. Learn about the case and penalties in detail.
Fluiconnecto India Private Limited faces a ₹35 lakh penalty from MCA for violating Section 203 of the Companies Act due to delayed company secretary appointments. Analysis and implications.
Learn about the penalty imposed by the Ministry of Corporate Affairs on Steel Resources Tradelink for not printing email and phone details on their resolutions.
Introduction: Blue Sapphire Healthcares Private Limited and its directors. has been penalized by MCA for the delay in circulating draft minutes of its board meetings, a violation of Section 118 of the Companies Act, 2013. Analysis: The Ministry of Corporate Affairs (MCA) has invoked Section 118 of the Companies Act, 2013, to impose penalties on […]
MCA imposed penalties on Blue Sapphire Healthcares Private Limited and its directors for failing to send financial statements and auditor’s reports with AGM notice
he case involves the violation of Section 118(1) of the Companies Act, 2013, which mandates that companies must prepare and sign minutes of general meetings, resolutions passed by postal ballot, and meetings of the Board of Directors or committees of the Board in a prescribed manner.
Analysis of Allahabad High Court case, Tikona Infinet Vs State of U.P., addressing legality of adjustments made due to GST form unavailability.
Government of India issues guidelines for compulsory selection of returns for Complete Scrutiny during FY 2023-24. Find the procedure and clarification here.
