In a landmark ruling, the appellate tribunal on matters related to the Prevention of Money Laundering Act has ruled that Enforcement Directorate cannot claim rights over assets
Day: August 9, 2018
Panel suggests higher threshold for NCLT cases – The Economic Times
The 14-member expert committee set up by the government to suggest decriminalisation of less-significant violations of the companies law has favoured an increase in the
Repeating past mistakes | Business Standard Editorials
One of the well-acknowledged policy mistakes in the initial decades after gaining independence was Indian policymakers’ fascination with protection of domestic industries via high import tariffs. Far
Wanted: Better trade policies | Business Standard Column
Over the past couple of years, two major economic reforms have taken off (though both may be considered as works in progress): the transition to
Amendment to CGST Act: Pre-GST cess credit can’t be carried forward – The Financial Express
The CGST Amendment Bill was tabled in the Lok Sabha on Wednesday. An amendment to the central goods and services tax (CGST) Act has explicitly
Government admits E-way slip up the 1st time; says peak load capacity much higher now – The Financial Express
No more E-way bill crash! Peak load capacity increased to 75 lakh per day, says government. The E-way bill roll-out date was preponed to February
Firms submitting cost audit reports to govt to provide GST details – The Financial Express
The requirement for cost audit is triggered at Rs 35 crore for certain companies in the regulated sector, while it is Rs 50 crore for
Not easy for home buyer to recover from defaulting builder under IBC: NCLT President – The Economic Times
Unless the Supreme Court comes to their rescue, there are many risks for homebuyers under the IBC, said Justice Kumar It is not a “cakewalk”
The result of Dilip Kumar judgment is the assessee will end up paying for the ambiguity created by the Revenue – The Financial Express
In case of such ambiguity ‘close reasoning’ will be employed—but without stretching the language to arrive at the only reasonable construction. In a judgment with
Explained: The impact of US tax reforms on Indian businesses – The Financial Express
The Tax Cuts and Jobs Act enacted by the US on December 22, 2017, is the most significant direct tax reform in the world in
Supreme Court warns Amrapali group not to play smart with court – The Financial Express
Supreme Court warns Amrapali group not to play smart with court industry Don’t play smart or we will render you homeless, the Supreme Court today
Can’t allow late NCLT bids; this vitiates the bidding process, tribunals must rule against it – The Financial Express
It is indeed a pity that Tata Steel needed to knock on the doors of the Supreme Court to protest against the tribunals entertaining late
India can be the engine of global growth for decades, says IMF – The Hindu BusinessLine
India will be an engine of growth for the global economy for the next few decades and it could play the role China did for
PSU banks’ NPAs decline by Rs 1.29 lakh cr in FY18 – The Hindu BusinessLine
Public sector banks’ non-performing assets declined by Rs 1,28,229 crore in FY18 due to write-offs, including compromise settlement. This is about 60 per cent higher
IMF asks India to consider simpler GST rate structure | business news | Hindustan Times
The IMF on Wednesday described the Goods and Services Tax (GST) as a “milestone reform” in India’s tax policy, but pushed for a simplified structure,
Going by the numbers: shortfall in GST revenue collection – The Hindu
The complexity of the GST process is hindering collections and diminishing potential economic benefits A little over a year after the Goods and Services Tax (GST)
Why the run up in private banks may need watching – The Hindu BusinessLine
It is not unknown that private sector banks—with better earnings visibility and a somewhat more resilient show—have been the darlings of the market in the
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