This guide explains the complete legal procedure for shifting a company’s registered office within the same state but under a different ROC jurisdiction. It covers board approvals, RD approval, ...

SEBI issued a draft consultation paper proposing limited relaxation of third-party payment restrictions in mutual funds for specified scenarios such as payroll deductions and distributor commissions.

The updated IFSCA framework creates a detailed regulatory structure for ship leasing activities in IFSCs, including operating and financial leases. The circular aims to strengthen India’s maritime ...

The article identifies reconciliation mismatches between profit statements, balance sheets, and fund flow statements as a major reason banks return loan files. It stresses the need for internal ...

Article highlights how mechanical matching of GSTR-9 tables is leading to unjust GST demands and penalties against honest taxpayers. It argues that annual return reconciliations, DRC-03 payments, and ...

The Karnataka High Court held that retrospective insertion of Section 16(5) of the CGST Act extended the time limit for availing ITC where returns were filed before 30 November ...

The Court ruled that furnishing a bank guarantee equal to the alleged short-paid GST amount was adequate for interim release of the consignment. DGGI’s plea to include the penalty component in the ...

ITAT Delhi held that the amendment excluding goodwill from depreciation under Section 32(1)(ii) applies prospectively from 01.04.2021. The Tribunal allowed depreciation on goodwill for earlier ...

The CESTAT Chennai held that reassessment of a Bill of Entry can be permitted under Section 149 where excess CVD was paid due ...

CESTAT Chennai held that CENVAT credit on outward transportation and insurance services cannot be denied where goods are sold ...

The Madhya Pradesh High Court dismissed a writ petition challenging GST registration cancellation after noting the availability of an appellate remedy before the GST Tribunal. The Court held that the ...

The Bombay High Court deferred the bank’s proposed action to take physical possession of secured assets after noting that the DRAT Chairperson was unavailable to hear the petitioners’ restoration ...