GSTN Issues Advisory for Applicants of Gujarat and Puducherry for Biometric-Based Aadhaar Authentication
GSTN Update dated November 4th, 2023 The GSTN has issued an advisory to inform that functionality of Biometric-based Aadhaar Authentication for GST registration was launched in Puducherry on 30th August 2023 and will be rolled out in Gujarat on 7th November 2023. The said functionality now also provides for the document verification and appointment booking […]
CBDT successfully achieves targets of month-long Special Campaign 3.0
Details : Publish Date : Wednesday, November 1, 2023 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1166/PressRelease-CBDT-successfully-achieves-targets-of-month-long-Special-Campaign-3-0-2-11-23.pdf source
Real Estate Co. Gets Interim Protection From HC in Funds Diversion Case As It Cooperated With Investigation
Case Details: Sidharth Chauhan v. State Govt. of NCT of Delhi – [2023] 155 taxmann.com 354 (HC-Delhi) Judiciary and Counsel Details Vikas Mahajan, J. Maninder Singh, Sr. Adv., Shiv Mangal Sharma, Shashank Khurana, Saurabh Rajpal, Deepak Verma, Abhishek Sharma, Ms Chakshu Purohit & Santosh Kumar, Advs. for the Petitioner. Ritesh Kumar Bahri, APP & Satinder Sangwan, EOW for the Respondent. Facts of the Case […]
[World Tax News] Federal Tax Authority of the UAE Releases a Guide on Transfer Pricing and More
Editorial Team – [2023] 156 taxmann.com 71 (Article) World Tax News provides a weekly snippet of tax news from around the globe. Here is a glimpse of the tax happening in the world this week. 1. Federal Tax Authority of the UAE Releases a Guide on Transfer Pricing On October 23, 2023, the UAE Federal […]
5% GST on Imitation Zari Thread or Yarn Made from Metallised Polyester Film/Plastic Film Falling Under HSN 5605 | Circular
Circular No. 205/17/2023-GST dated October 31st, 2023 The CBIC has issued a circular to clarify that imitation zari thread or yarn made from metallised polyester film/plastic film falling under HSN 5605 is taxable at 5% and no refund will be permitted on polyester film (metallised)/plastic film on account of inversion of tax rate. Click Here […]
Record number of over 7.85 crore ITRs filed till 31st October, 2023
Publish Date : Wednesday, November 1, 2023 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1165/Press-Release-Record-number-of-over-7.85-crore-ITRs-filed-till-31st-October-2023-dated-01-11-2023.pdf source
[Opinion] The Domino Effect | Failure to Appoint a Director Within Time Leads to Severe Penalties Upon Co. and Its Director
Prof R Balakrishnan – [2023] 155 taxmann.com 633 (Article) 1. Background of the case The Registrar of Companies of NCT of Delhi and Haryana passed three adjudication orders on 17th October 2023 for multiple defaults/non-compliances committed by M/s. Pantheryx (India) Private Limited is situated at Gurgaon in the state of Haryana. These three orders passed […]
Blocking of Electronic Credit Ledger by an Officer of Rank Below Assistant Commissioner Could Not Be Sustained | HC
Case Details: Guru Storage Batteries v. State of Maharashtra – [2023] 155 taxmann.com 571 (Bombay) Judiciary and Counsel Details Avinash G. Gharote & Urmila Joshi-Phalke, JJ. Firdos Mirza, Adv. for the Petitioner. Mrs K.S. Joshi for the Respondent. Facts of the Case In the present case, the petitioner had challenged blocking of Electronic Credit Ledger. It was […]
MCA Amends LLP Norms; Mandates Declaration of Beneficial Interest & Keeping of Register for Partners
Notification No. G.S.R. 803(E), Dated: 27.10.2023 The Govt. has notified LLP (Third Amendment) Rules, 2023. As per the amended rules, a person whose name is entered in register of partners of LLP but doesn’t hold any beneficial interest in contribution must file a declaration to that effect in Form 4B within 30 days from the […]
Direct Taxes Data shows improved Taxpayer compliance
Publish Date : Thursday, October 26, 2023 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1164/Press-Release-Direct-Taxes-Data-shows-improved-Taxpayer-compliance-dated-26-10-2023.pdf source