sales Against 0.1% GST- if export not done within 90 Days: Dear Expert One of my client has made sale @ 0.10% to his Customer, But Customer has not done export within 90 days. in such case we have raised debit not… dlvr.it/T65RwV #GST #DiscussionForum #TaxLaws #TaxTMI

Levy of penalty - the e-way bill had expired one hour fifteen minutes prior to interception - The High Court acknowledged that while the e-way bill had expired, the goods were accompanied by the necessary documents, and… dlvr.it/T65383 #GST #Highlights #TaxLaws #TaxTMI

Validity of Service of notice u/s 74(5) instead of u/s 74(1) of CGST / UPGST Act, 2017 - Non-payment of Tax / GST - The High Court observed that while a notice was issued to the petitioner under Section 74(5) of the Act… dlvr.it/T65293 #GST #Highlights #TaxLaws #TaxTMI

Ex-parte order - Quantification of Liability - intention of evade GST - improper accounting of goods - The High court agrees with the petitioner's contention regarding the impermissibility of quantifying tax liability… dlvr.it/T65287 #GST #Highlights #TaxLaws #TaxTMI

Calculation of Tax Liability based on subsequent year's Balance Sheet - non-service of SCN - Obligation to monitor GST Portal - The High Court found merit in the petitioner's argument regarding the incorrect use of… dlvr.it/T64zzP #GST #Highlights #TaxLaws #TaxTMI

Validity of assessment orders - The High court examined the timeline of events and observed that the petitioner responded to the show cause notice in January 2024. However, the respondent authority did not afford a… dlvr.it/T64x51 #GST #Highlights #TaxLaws #TaxTMI

Levy of penalty u/s 271(1)(c) - The Tribunal found no justification for imposing a penalty as the assessee had sufficient cash balances and transparently recorded the land purchase in the books, supported by audit… dlvr.it/T64w1V #IncomeTax #Highlights #TaxLaws #TaxTMI

Penalty proceedings u/s 270A - under reporting of the income - The Tribunal noted that the issue of depreciation on mining rights was debatable, supported by various judicial precedents favoring the allowance of… dlvr.it/T64v24 #IncomeTax #Highlights #TaxLaws #TaxTMI

Framework for Category I and II Alternative Investment Funds (AIFs) to create encumbrance on their holding of equity of investee companies: CIRCULAR SEBI/HO/AFD/PoD1/CIR/2024/027 April 26, 2024 To, All Alternative Investment… dlvr.it/T64nkH #TaxLaws #Circulars #TaxTMI

Flexibility to Alternative Investment Funds (AIFs) and their investors to deal with unliquidated investments of their schemes: CIRCULAR SEBI/HO/AFD/PoD-I/P/CIR/2024/026 April 26, 2024 To, All Alternative Investment Funds… dlvr.it/T64mw6 #TaxLaws #Circulars #TaxTMI

Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2024: SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 26th April, 2024 SECURITIES CONTRACTS… dlvr.it/T64lw4 #TaxLaws #Notifications #TaxTMI

Securities and Exchange Board of India (Research Analysts) (Amendment) Regulations, 2024: SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 26th April 2024 SECURITIES AND EXCHANGE BOARD OF INDIA (RESEARCH… dlvr.it/T64kxv #TaxLaws #Notifications #TaxTMI

Securities and Exchange Board of India (Alternative Investment Funds) (Second Amendment) Regulations, 2024: SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 25th April, 2024 SECURITIES AND EXCHANGE BOARD OF… dlvr.it/T64jyp #TaxLaws #Notifications #TaxTMI

Securities and Exchange Board of India (Investment Advisers) (Amendment) Regulations, 2024: SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 26th April 2024 SECURITIES AND EXCHANGE BOARD OF INDIA… dlvr.it/T64jwr #TaxLaws #Notifications #TaxTMI

Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs): RBI/2024-25/27 A.P. (DIR Series) Circular No. 03 April 26, 2024 To, All Authorized Persons Madam / Sir Attention of… dlvr.it/T64hPB #FEMA #Circulars #TaxLaws #TaxTMI

Recovery proceedings not to be initiated against the former director of the Company who was not the director during the concerned period: The Hon ble Bombay High Court in the case of PRASANNA KARUNAKAR SHETTY VERSUS STATE… dlvr.it/T64gdQ #GST #Articles #TaxLaws #TaxTMI

WRONG FIXATION OF FEES PAYABLE TO INTERIM RESOLUTION PROFESSIONAL: In M/S STATE TRADING CORPORATION OF INDIA LIMITED VERSUS MR. DEVINDER ARORA, ERSTWHILE INTERIM RESOLUTION PROFESSIONAL, MR. RAKESH PRASAD… dlvr.it/T64gd2 #CorporateLaws #Articles #TaxLaws #TaxTMI

Appointment of Common Adjudicating Authority for the purpose of adjudication of finalization of Provisional Assessment in SVB case w.r.t. M/s Tyco Fire Security India Pvt. Ltd: MINISTRY OF FINANCE (Department of… dlvr.it/T64fjL #Customs #Notifications #TaxLaws #TaxTMI

MANNER OF FILING APPEAL BY COMMISSIONER: Manner of filing Appeal by Commissioner [ Rule 109 of CGST Rules, 2017 ] At times, the Department itself is not in agreement with the decision or order passed by the (initial)… dlvr.it/T64fjF #GST #Articles #TaxLaws #TaxTMI

RBI invites comments on the Draft Circular on “Digital Lending – Transparency in Aggregation of Loan Products from Multiple Lenders”: Dated:- 27-4-2024 - In pursuance of the announcement made in the Statement on Developmental and… dlvr.it/T64dlP #TaxLaws #News #TaxTMI