Clipped from: https://indianexpress.com/article/business/economy/tax-notices-summons-served-to-pre-gst-dispute-resolution-cases-7218646/ The summons have been sent under Section 70 of CGST Act, which provides powers to tax officers to summon persons to give evidence
Category: Legal
After nearly four years, GST is still a work in progress | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/panorama/after-nearly-four-years-gst-is-still-a-work-in-progress-959381.html GST has its good points and its poor points, with the latter winning over the former In a few months, Goods and Services
2 held for passing bogus tax credit worth Rs 392 crore to Essel Group cos | Deccan Herald
Clipped from: https://www.deccanherald.com/national/2-held-for-passing-bogus-tax-credit-worth-rs-392-crore-to-essel-group-cos-958425.html Investigations indicate that a layer of genuine looking fictitious intermediary companies was created Representative Image. Credit: iStock Photo GST officers have arrested two
GST squads formed to prevent the illicit movement of goods – The Hindu
Clipped from: https://www.thehindu.com/news/national/tamil-nadu/gst-squads-formed-to-prevent-the-illicit-movement-of-goods/article34031754.ece According to an official release, all teams will keep a watch on warehouses registered in their respective jurisdictions and are authorised to prevent
Tax raids, and not just on Tapsee Pannu, are a bad idea – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/tax-raids-and-not-just-on-tapsee-pannu-are-a-bad-idea/2208659/ In the past, tax raids add just a small fraction to the assessee’s income, and even those cases often fail The Income Tax
SC has highest regard for woman: CJI blames recent controversies on‘misreporting’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/politics-and-nation/sc-has-highest-regard-for-woman-cji-blames-recent-controversies-onmisreporting/articleshow/81398620.cmsSynopsis CJI said he had never asked anyone to marry and never heard a marital rape case and blamed the media for the controversy.
Regional Authority becomes redundant as DGFT goes online | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/regional-authority-becomes-redundant-as-dgft-goes-online-121030800008_1.html The prescribed processes for adjudication now require the exporter or importer to submit online the documents called for by the jurisdictional authority In
Exporters get the shivers from two provisions in Finance Bill 2020 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/exporters-get-the-shivers-from-two-provisions-in-finance-bill-2020-121022400844_1.html They are worried that the two proposals would make it difficult to seek refunds under indirect tax laws Exporters are a worried lot
Gujarat HC admits petition to review its order on IGST benefits | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/gujarat-hc-admits-petition-to-review-its-order-on-igst-benefits-121030801019_1.html Petition was heard by a special bench that had given earlier order. Matter posted for hearing on April 9 The court also upheld
NCLT can rule only on insolvency of corporate debtors, says Supreme Court | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/nclt-can-rule-only-on-insolvency-of-corporate-debtors-says-supreme-court-121030801258_1.html The Supreme Court on Monday held that the NCLT has jurisdiction to adjudicate disputes, which arises solely or relates to the insolvency of
Jet Airways cannot claim historical right on airport slots: Govt to NCLT | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/jet-airways-can-t-claim-historical-right-over-slots-aviation-ministry-121030801351_1.html The ministry and the civil aviation regulator have said the government will consider the airline’s request for slots as per existing policy The
GST evasion: CBIC asks field offices to exercise maximum caution, prudence in property attachment – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/gst-evasion-cbic-asks-field-offices-to-exercise-maximum-caution-prudence-in-property-attachment/articleshow/81386619.cmsSynopsis In the guidelines the CBIC listed out types of cases where provisional attachment can be considered to be resorted to subject to specific
Supreme Court ends extension of limitation period, says country returning to normalcy – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/politics-and-nation/supreme-court-ends-extension-of-limitation-period-says-country-returning-to-normalcy/articleshow/81394957.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis A bench of Chief Justice S A Bobde and Justices L Nageswara Rao and S Ravindra Bhat had been extending the limitation period
US, UK, 3 other courts confirm $1.4 bn arbitration award against India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/energy/oil-gas/us-uk-3-other-courts-confirm-1-4-bn-arbitration-award-against-india/articleshow/81392798.cmsSynopsis Cairn Energy had moved courts in nine countries to enforce its USD 1.4 billion arbitral award against India, which the company won after
Data sharing, cybersecurity top concern areas for banks, customers: Deloitte – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/data-sharing-cybersecurity-top-concern-areas-for-banks-customers-deloitte/articleshow/81376931.cmsSynopsis Data sharing, cybersecurity and data protection have emerged as the top concern areas for the banks as well as customers, according to Deloitte’s
CBDT note to face fresh Supreme Court challenge from NRI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/cbdt-note-to-face-fresh-supreme-court-challenge-from-nri/articleshow/81354433.cms Story outline NRIs who stay 182 or more days have to pay tax on global income NRIs stuck in India were hoping for
Patching the gaps in India’s cybersecurity – The Hindu
Clipped from: https://www.thehindu.com/opinion/lead/patching-the-gaps-in-indias-cybersecurity/article34000336.ece Doctrinal clarity and institutional coherence are essential for a robust cybersecurity posture On Sunday, February 28, there was a sensational report in The New
Jet Airways resolution process: MoCA, DGCA say no deemed approvals for slots – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/jet-airways-resolution-process-moca-dgca-say-no-deemed-approvals-for-slots/articleshow/81332419.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis NCLT is considering the resolution plan submitted by Kalrock-Jalan Consortium for the airline. The plan has already been approved by the Committee of
Data security a front-ranking concern in telehealth – The Financial Express
Clipped from: https://www.financialexpress.com/industry/technology/telehealth-data-security-a-front-ranking-concern-in-telehealth/2205786/ Similarly, different positions are enunciated by DISHA and the PDP Bill. Vikram Thaploo By Vikram Thaploo The Covid-19 outbreak has been a massive
Microsoft says Chinese hackers targeted groups via server software – The Financial Express
Clipped from: https://www.financialexpress.com/industry/technology/microsoft-says-chinese-hackers-targeted-groups-via-server-software/2205315/ Ahead of the Microsoft announcement, the hackers’ increasingly aggressive moves began to attract attention across the cybersecurity community. Microsoft’s near-ubiquitous suite of products
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