• Corporate Laws
  • ATM Cash Withdrawal Charges to increase from January 2022
  • December 2, 2021
December 1, 2021
Recently, the RTI filed by Advocate Nipun Singhvi reveals that the 6 former members of NCLT (4 Judicial And 2 Technical) have completed 5 years of tenure and but not attained 65 years of age. The RTI reveals 4 Judicial Members namely Bethala Shantha Vijaya Prakash Kumar; Rajeshwar Rao Vittanalla; Ms. Manorama Kumari; R Vardharajan […]
November 30, 2021
The Banglore Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) quashed the cancellation of Customs Broker’s License as examination and inquiry are still pending. The appellant, M/s Mercantile & Marine Services is a Customs broker and was issued a license. A baggage declaration was filed by Mr. Althaf Moosan Mukri and on the […]
November 29, 2021
The Reserve Bank of India (RBI) has replaced the Board of Directors and appoints Administrator for Reliance Capital. In exercise of the powers conferred under Section 45-IE (1) of the Reserve Bank of India Act, 1934, the Reserve Bank has today superseded the Board of Directors of M/s Reliance Capital Ltd (RCL) in view the […]


  • GST Returns - GST - Jigar Doshi - Nikita Maheshwari - Taxscan
  • Revision of Returns under GST: Two sides of the Coin
  • November 21, 2021
  • Four and half years ago, the Indian Government brought GST to reality and implemented it countrywide with effect from 1 July 2017. Discernably, it was a historic moment for the country and was welcomed with a lot of hullabaloos. The flyers of GST were widely distributed which explained the prominent features of the scheme such […]
  • Key recent developments under GST - GST - Taxscan
  • Key Recent developments under GST – A Bird’s Eye View
  • October 15, 2021
  • A GIST of GST Updates: This article summarizes all the GST developments which have been announced in the past couple of weeks for easy and quick reading of the taxpayers, tax consultants, in-house tax professionals, and tax administrators. The updates have been arranged in the relevant order starting from the GST legislative amendments, CBIC Notifications, […]
Income Tax Compliance - Taxscan
December 1, 2021

In any case, a good citizen should always pay his taxes on time while adhering to all major tax-related rules and regulations proposed by the government as it is vital for the upliftment of an economy. Paying taxes as per the compliance calendar by taxpayers also helps the government in terms of the proper functioning […]

Karnataka - High - Court - Income - Tax - Deduction - Construction - Of - Housing - Projects -Taxscan
December 1, 2021

The Karnataka High Court allowed the deduction under Section 80IB (10) on construction of housing projects as the size or number of housing projects undertaken on a minimum area of one acre of land is not significant. The assessee, M/s Karavali Housing is a partnership firm engaged in the business of development of real estate […]

Lenovo India - CESTAT- Customs Dept - Re-do Assessment - Taxsacn
November 30, 2021
In a major relief to Lenovo, the Banglore Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) quashed Service Tax demand as inclusion of turnover of Manufacturing unit for quantification of amount for reversal of CENVAT Credit was appropriate. The respondent assessee, M/s. Lenovo (India) Pvt Ltd has been providing both taxable and exempted services (trading) and are availing Cenvat credit on input services common to both services. During audit, it was observed that there was short payment, in
bail - CA - Smuggling Diamonds and Gold - Taxscan
December 2, 2021

The court refused to grant bail to CA alleged of smuggling diamonds and gold worth Rs. 348 crores. The Chartered Accountant (CA) Ravindra Kumar, a resident of Jhunjhunu and Omprakash, a resident of Ajmer was sent to judicial custody till December 9 and the bail plea of the arrested businessman will be heard on Wednesday. […]

CESTAT - penalty - gold - smuggling - Customs - authority - investigation - taxscan
December 1, 2021

The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Chennai Bench set aside the Penalty for alleged gold smuggling as Customs Authority failed to conduct proper investigation. The Show Cause Notice was issued to the appellants, Jaison James inter alia proposing confiscation of the gold which was smuggled into India, apart from proposing to impose […]

DGFT - Common Digital Platform - RCMC - Taxscan
November 30, 2021

The Director-General of Foreign Trade (DGFT) issued the Trade Notice in respect of the Electronic filing of Registration Cum Membership Certificate (RCMC) or Registration Certificate (RC) through Common Digital Platform with effect from December 06, 2021. A new online common digital platform for the issuance of Registration Cum Membership Certificate (RCMC)/ Registration Certificate (RC) has […]

CESTAT - Support - Services - Mining - Rights - Government - Taxscan
November 30, 2021

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi Bench ruled that service of granting of mining rights provided by the Government will not fall under the category of “support services”. The assessee, the Mining Engineer, Department of Mines and Geology, Government of Rajasthan was issued show cause notices demanding service tax under the […]

chennai-port-trust-taxscan
December 7, 2020

A two-judge bench of the Madras High Court has denied the benefit of exemption of urban land tax to Chennai Port Trust under the provisions of the Tamil Nadu Urban Land Tax Act of 1996. While considering an appeal filed by the State, Chief Justice Amreshwar Pratap Sahi and Justice Senthilkumar Ramamoorthy ruled that the […]

No plan - impose Property Tax - Union Territory of J&K - LG Manoj Sinha - opposition - Taxscan
October 20, 2020

The Lieutenant Governor (LG) of Jammu and Kashmir, Manoj Sinha while Putting speculations to rest said that the Union Territory administration would not levy any property tax on the people in Jammu and Kashmir. Earlier this month, the Union home ministry had empowered the union territory’s administration to impose the property tax following an amendment […]

OECD - report - Inheritance Taxation - OECD Countries - Taxscan
May 18, 2021
The Organisation for Economic Co-operation and Development (OECD) has released the report on Inheritance Taxation in OECD Countries. The purpose of the report is to Compare and assess inheritance, estate and gift taxes across OECD countries and Explore the role that these taxes could play in raising revenue, addressing inequalities and improving the efficiency of […]
Tax Rates - DTAA - Dividend - DDT - ITAT - Taxscan
April 2, 2021
The Government notified the Double Taxation Avoidance Agreement (DTAA) and prevention of fiscal evasion with respect to taxes on income with the Government of Islamic Republic of Iran. The Agreement between the Government of the Republic of India and the Government of the Islamic Republic of Iran for the avoidance of double taxation and prevention […]
Artists - social media influencers - VAT - UAE - Taxscan
March 8, 2021
The UAE’s Federal Tax Authority (FTA) on Sunday said that services provided by artists and social media influencers for consideration are subject to Value Added Tax (VAT). This announcement was shared in the latest Basic Tax Information Bulletin issued by the FTA on the tax treatment of supplies provided by artists and social media influencers. […]



ATM cash Withdrawal Charges - January 2022 - Taxscan
December 2, 2021
As per the Reserve Bank of India (RBI) Guidelines, the customers will have to pay more if they exceed the free ATM transaction limit. The Customers are eligible for five free transactions every month from their own bank ATMs. This includes both financial and non-financial transactions. Beyond the limit, they have to pay an extra […]
MCA- ICAI - ICAI Quality Review Board - Taxscan
December 2, 2021
The Ministry of Corporate Affairs (MCA) has notified a new chairperson and 2 Members of the Institute of Chartered Accountants of India (ICAI) Quality Review Board. In exercise of the powers conferred by section 28A of the Chartered Accountants Act, 1949 the Central Government further amended notification of the Government of India in the Ministry […]
Resolution Process - IBC - Supreme Court - Taxscan
December 2, 2021
The Supreme Court held that the entire resolution process has to be completed within the period stipulated under Section 12 of the Insolvency and Bankruptcy Code and any deviation would defeat the object and purpose of providing time limit. Pursuant to an application made under Section 7 of the Insolvency and Bankruptcy Code, 2016, the […]
NCLT - Discharging - duties - Madras - High - Court - Chennai - and - cochin - bench - Taxscan
December 1, 2021
The Madras High Court asked Centre to clarify on the issue that one technical member discharging duties at Chennai and Cochin Bench affected the working of National Company Law Tribunal (NCLT). The PIL was filed by Chartered Accountant, V Venkata Siva Kumar before Madras High Court for directions to make the NCLT Benches in Chennai […]
NCLAT - Delhi High Court - National Company Law Appellate Tribunal - Taxscan
November 27, 2021
The Delhi High Court dismissed the plea questioning the Authority of NCLAT Technical Member cancelling Company’s License for deliberately concealing crucial facts. The petitioner, India Awake for Transparency has sought the issuance of a writ of quo warranto directing Respondent to set out the Authority under which the said Respondent is holding office as Technical […]
Tata - Consultancy - Services - nclt - corporate - debtor - insolvency - Taxscan
November 24, 2021
In a major relief to TATA Consultancy Services, the Supreme Court held that Jurisdiction of National Company Law Tribunal (NCLT) can’t be invoked to adjudicate contractual dispute if termination of contract unrelated to Corporate Debtor’s Insolvency. The appellant, TATA Consultancy Services Limited and the Corporate Debtor entered into a Build Phase Agreement on 24 August 2015 […]
MCA - DINs - Taxscan
November 23, 2021
The Ministry of Corporate Affairs (MCA) has removed all the Disqualification of Director Identification Number (DINs). As per the Companies Act directors for five years are disqualified, if they are part of a company that defaulted on filing financial statements or annual returns for three years, or has failed to repay the deposits accepted by […]
Intermediary ensure persons - SEBI - Taxscan
November 18, 2021
The Securities and Exchange Board of India (SEBI) notified the Securities and Exchange Board of India (Intermediaries) (Third Amendment) Regulations, 2021 which seeks to amend the Securities and Exchange Board of India (Intermediaries) Regulations, 2008 wherein the Intermediary ensure persons  comply with fit and proper person criteria. The applicant or intermediary shall meet the criteria, […]
RBI - Reliance capital - Board - of - directors - administrator - taxscan
November 29, 2021

The Reserve Bank of India (RBI) has replaced the Board of Directors and appoints Administrator for Reliance Capital. In exercise of the powers conferred under Section 45-IE (1) of the Reserve Bank of India Act, 1934, the Reserve Bank has today superseded the Board of Directors of M/s Reliance Capital Ltd (RCL) in view the […]

Gujarat HC - Technical member - vacancy notice - age limit - Taxscan
November 26, 2021
The Gujarat High Court has issued the notice to the Government on plea challenging Technical member Vacancy notice where age limit of 50 years. The Petitioner, CA Vikash Jain  is a Chartered Accountant in Practice enrolled with the Institute of Chartered Accountants of India (ICAI) and practicing as a Chartered Accountant in public interest for […]
Sale - deed - Supreme - Court - Taxscan
November 24, 2021
The Supreme Court held that the Sale Deed executed without payment of the price is void as payment of the price is an essential part of a sale. The appellant, Kewal Krishan executed a power of attorney in favor of Sudarshan Kumar on 28th March 1980. Acting on the basis of the said power of […]
Webinar - Denial of IGST Refund - Rebate to Advance Authorization Holder - Taxscan
June 11, 2021

Tuesday15th June, our next webinar under our SIMPLIFIED banner on the subject ‘Denial of IGST Refund / Rebate to Advance Authorization Holder – Way Forward’ will be held between 5:00 PM and 7:00 PM. CA. NAVJOT SINGH will be our guest speaker for this webinar aimed at professionals and students alike. He has been an […]

Webinar - SEBI - Proposed changes - Promoters, - Promoter Group - Independent Directors - Taxscan Premium Users - Gaurav pingle - taxscan
May 20, 2021

Next Saturday, on 5th June, Taxscan is will be conducting the next program under our SIMPLIFIED banner. The Webinar will be on SEBI’s Proposed changes to the Framework of Promoters, Promoter Group & Independent Directors. CS Gaurav Pingle will be the speaker at this webinar aimed at professionals and students alike. Gaurav Pingle is an […]

Fox Mandal - International Tax Practice - Taxscan
September 9, 2020
Fox Mandal & Associates has appointed Mr. Sandip Mukherjee as Director, International Tax Practice. Sandip would operate from the Pune office and lead the international tax practice of the firm in Southern & Western India. His addition is a part of the firm’s strategic expansion of its Tax Advisory vertical. Sandip has spent about 27+ […]
November 9, 2017
The DMD Advocates has advised Infradigital Technologies Private Limited, a company promoted by Eros Labs Pte. Ltd. in selling its business undertaking engaged in the business of production and distribution of spiritual, devotional and religious audio-visual content and literature to Innertech Media Solutions Private Limited. Innertech is a portfolio company of Times Internet Limited. The business division was transferred […]