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Notification No. SEBI/LAD-NRO/GN/2023/140, Dated 24.07.2023 The SEBI has notified (Stock Brokers) (Second Amendment) Regulations, 2023. The amendment has been notified in Regulation 10 A i.e., Application for registration. A new proviso to the regulation has been inserted. Now, no separate registration shall be required for any person registered with the limited purpose clearing corporation as […]
High Court Rules on Improperly Levied Penalties on Goods in Transit Lacking Proper Documentation
Case Details: Margo Brush India v. State of U.P. - [2023] 152 taxmann.com 515 (Allahabad) Judiciary and Counsel Details Rajesh Bindal, CJ. & J.J. Munir, J. Aaditya Pandey & Akhil Agnihotri, Advs. for the Petitioner. Ankur Agarwal, Standing Counsel for the Respondent. Facts of the Case In the present case, the goods in transit were seized by the […]
Clarification regarding taxability of income earned by a non-resident investor from off-shore investments in investment fund routed through an Alternative Investment Fund
Publish Date : Wednesday, July 12, 2023 source
HC Dismissed Writ Petition Against Preliminary Reports, Objections Sought from Petitioner for Investigation
Case Details: Hahnemann’s Jac Olivol Group of Products (P.) Ltd. v. Deputy Commissioner of State Tax - [2023] 152 taxmann.com 514 (Calcutta) Judiciary and Counsel Details MD. Nizamuddin, J. Ankit Kanodia, Ms Megha Agarwal & Jitesh Sah, Advs. for the Appellant. A. Ray, T.M. Siddiqui, T. Chakraborty & S. Sanyal, Advs. for the Respondent. Facts of the Case In the present petition, […]
Notification No. 52/2023 [F.No. 275/17/2023-IT(B)] / SO 3254(E)
Publish Date : Thursday, July 20, 2023 source
[Opinion] Impact of GST on Social Media Influencers
With great influence comes great responsibility… and GST 1. Introduction In the past decade, the advent of social media platforms and the rise of influencers have revolutionized the way people consume content, make purchasing decisions, and perceive brands. Influencers, individuals who have amassed a substantial following on social media platforms have become powerful voices in […]
[Opinion] GST on Holding of Securities – Open Issues!
Brijesh Kothary & Saundarya Sinha – [2023] 152 taxmann.com 459 (Article) In the recent 50th GST Council meeting, clarification on various legal ambiguities and issues relating to GST laws were recommended with the intent to benefit the taxpayers at large and avoid unwanted litigation. One such recommendation was in respect of GST implications on ‘holding […]
Notification No. 49/2023 [F. No.225/79/2019-ITA-II)] / SO 3147(E)
Publish Date : Friday, July 14, 2023 source
Framework to Freeze PAN of Designated Persons During ‘Trading Window Closure Period’ to be Extended to all Listed Cos. | SEBI
Circular No. SEBI/HO/ISD/ISD-PoD-2/P/CIR/2023/124, Dated: 19.07.2023 SEBI has extended the framework to freeze the permanent account number (PAN) of Designated Persons (DPs) during the “trading window closure” for financial results at the security level for all listed companies in a phased manner. This amendment outlines the provisions of Clause 4 of Schedule B read with Regulation […]
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