Penalty Imposed for Delayed Board Meetings Exceeding 120-Day
Penalty Imposed for Delayed Board Meetings Exceeding 120-Day Companies are expected to adhere to strict guidelines, including the mandatory minimum of four board meetings in a…
TAXATION UPDATES
Penalty Imposed on Company and Director for AOC-4 Filing Error
Company and Director Face Penalties for AOC-4 Filing Error The Registrar of Companies, Kolkata, has imposed penalties on a company and its director for filing incorrect…
GST Implications for Fractional Ownership Platforms
Unresolved GST Implications for Fractional Ownership Platforms The Indian government’s push for growth and investment in the real estate sector has led to the emergence of…
Simplifying Corporate Incorporation with New E-Forms and Rules
Streamlining Corporate Incorporation: A Major Reform The Ministry of Corporate Affairs has introduced significant reforms to simplify corporate incorporation, reduce compliance…
India Proposes Plastic-Free Packaging for Pan Masala
India Proposes Plastic-Free Packaging for Pan Masala India is taking a significant step towards reducing plastic waste with a proposed amendment to the Food Safety and Standards…
No RCM Demand if Service Tax Already Paid by Provider
CESTAT Hyderabad Ruling on Reverse Charge Mechanism Service tax liability under the Reverse Charge Mechanism (RCM) cannot be demanded from a service recipient if the service…
CGST Act Provision Creates Supplier Default Conundrum
CGST Act Provision Creates Supplier Default Conundrum The CGST Act’s Section 16(2)(c) has created a complex situation for businesses, where they are unable to claim Input Tax…
GST Authorities Must Verify Transaction Genuineness Before
Ensuring GST Compliance: A Pathway for Taxpayers Recent court decisions highlight the need for GST authorities to verify transaction genuineness before denying Input Tax Credit…
RBI Aligns Capital Adequacy Norms with Updated Asset
Aligning Capital Adequacy Norms with Updated Asset Classification As the Reserve Bank of India continues to refine its regulatory framework, the latest amendment to the…
RBI Enhances Prudential Regulation for Commercial Banks
RBI Enhances Prudential Regulation for Commercial Banks The Reserve Bank of India has taken a significant step to strengthen the financial sector by revising the Commercial…