Clipped from: https://indianexpress.com/article/business/mumbai-sme-director-arrested-input-tax-credit-fraud-7713595/ CGST officials have arrested Omnipotent Industries Ltd director Punit Popat and Siddhanath Mishra, the proprietor of Shree Bitumax Trading. They have been remanded
Category: Legal
Businesses to be given ‘reasonable time’ to explain mismatch in GSTR-1, 3B | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/businesses-to-be-given-reasonable-time-to-explain-mismatch-in-gstr-1-3b-122010900301_1.html Tax officers will give reasonable time to erring business to explain reasons for mismatch in turnover reported in sales return GSTR-1 and tax
Mandatory pre-litigation mediation needs lot of ground work before rollout – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/mandatory-pre-litigation-mediation-needs-lot-of-ground-work-before-rollout/article38204536.ece The question that looms large in the Indian context is whether India is ready for mandatory mediation as a pre-litigation tool. – Getty
Economic laws don’t always hold – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/economic-laws-dont-always-hold/article38205860.ece Bond yields, food inflation, credit growth and rupee value don’t seem to be guided now by the forces of demand and supply The
Below the line – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/columns/below-the-line/article38207018.ece Difficult slog overs There are multiple interest groups ranging from foreign multinationals and large domestic retailers to local traders and mom-n-pop store owners
ETtech Opinion | A holistic approach to personal data protection – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/catalysts/ettech-opinion-a-holistic-approach-to-personal-data-protection/articleshow/88775228.cms SynopsisThe Parliamentary panel’s recommendations on the Data Protection Bill 2021 also supports the growth of an innovation & data-driven digital economy Currently, a
Kotak Mahindra Bank to take legal action against BharatPe’s Ashneer Grover in IPO financing matter – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/bharatpe-founder-sent-legal-notice-to-kotak-mahindra-bank-for-missing-out-on-nykaa-ipo/articleshow/88792821.cmsSynopsis BharatPe cofounder Ashneer Grover and his wife Madhuri Grover sent a legal notice to Kotak Mahindra Bank on October 31, 2021, for failing
When Tata Capital Housing misplaced documents – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/when-tata-capital-housing-misplaced-documents/article38208669.ece First it lost its customer’s documents, then it lost the case. First it lost its customer’s documents, then it lost the case. After
Amazon files new legal challenges in dispute with Future Group-sources – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/amazon-challenges-indias-antitrust-suspension-of-2019-future-deal-sources/articleshow/88787750.cmsSynopsis India’s antitrust agency suspended its approval of Amazon.com’s 2019 deal with Future Group last month, potentially denting the U.S. e-commerce giant’s attempts to
Court orders GM unit to pay 50% wages – The Hindu
Clipped from: https://www.thehindu.com/business/court-orders-gm-unit-to-pay-50-wages/article38195051.ece?homepage=true Pune Industrial Court sees ‘prima facie case of unfair labour practice’ in interim ruling on union’s plea In a partial relief for 1,086
CCI orders probe against Google for alleged abuse of dominant position | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/cci-orders-google-inquiry-after-news-publishers-complain-122010701346_1.html The order came on a complaint filed by the Digital News Publishers Association, which is a private company that promotes and secures interest
You’ll have to spell out a crypto law – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/youll-have-to-spell-out-a-crypto-law/articleshow/88741661.cmsSynopsis If the government thinks that unlike a separate law that was passed for International Financial Services Centres, there is no need for a
The crypto assets conundrum – The Hindu
Clipped from: https://www.thehindu.com/opinion/op-ed/the-crypto-assets-conundrum/article38094297.ece Why legalising crypto assets is dangerous The Indian Government appears convinced that cryptocurrency is a dangerous proposition. Cryptocurrency enables relatively invisible transactions, with serious implications
Legal notice to Income tax dept for not extending ITR filing deadline – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/legal-notice-to-income-tax-dept-for-not-extending-itr-filing-deadline/articleshow/88728559.cmsSynopsis AOTAA has asked for the ITR filing deadline to be extended as well as the late filing fee collected to be returned to
Vedanta’s Twin Star to appeal against NCLAT order on restarting the Videocon Industries resolution plan – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/vedantas-twin-star-to-appeal-against-nclat-order-on-restarting-the-videocon-industries-resolution-plan/articleshow/88738573.cmsSynopsis Twin Star Technologies is set to argue that the CoC is Functus Officio – implying that the role of the committee of creditors
You’ll have to spell out a crypto law – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/youll-have-to-spell-out-a-crypto-law/articleshow/88741661.cmsSynopsis If the government thinks that unlike a separate law that was passed for International Financial Services Centres, there is no need for a
ECommerce Sector: Why India’s e-commerce sector doesn’t need a one-size-fits-all regulatory intervention – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/why-indias-e-commerce-sector-doesnt-need-a-one-size-fits-all-regulatory-intervention/articleshow/88719147.cmsSynopsis The not-so-rosy flip side comprises the growing discontent among business users of ecommerce platforms and the regulatory muddle that defines Indian ecommerce today.
Delhi HC dismisses Future Group’s plea for termination of Amazon arbitration – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/india-court-dismisses-futures-plea-to-declare-arbitration-with-amazon-illegal/articleshow/88690498.cmsSynopsis The ruling came after Future urged a New Delhi judge that given India’s antitrust agency had suspended a 2019 deal used by Amazon
Digital loan sharks face crackdown as complaints mount – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/digital-loan-sharks-face-crackdown-as-complaints-mount/article38104973.ece The RBI has received complaints against 1,509 digital lending applications courtneyk The RBI has received complaints against 1,509 digital lending applications courtneyk× RBI
Beware! 2022 may see cyber attacks evolve to new levels – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/beware-2022-may-see-cyber-attacks-evolve-to-new-levels/article38094515.ece Attacks-as-a-Service gaining currency among hackers If in the physical world, 2022 has started off with a major Omicron scare, the cyber world stares
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